Multiple Choice
You have just made your first $3,000 contribution to your individual retirement account. Assuming you earn a 9 percent rate of return and make no additional contributions, what will your account be worth when you retire in 35 years? What if you wait for 5 years before contributing?
A) $48,507.26; $42,614.08
B) $57,311.20; $39,803.04
C) $57,311.20; $42,614.08
D) $61,241.90; $39,803.04
E) $61,241.90; $42.614.08
Correct Answer:
Verified
Correct Answer:
Verified
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