25 You have just made your first $5,500 contribution to your retirement account. Assume you...
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25 You have just made your first $5,500 contribution to your retirement account. Assume you earn a return of 10 percent per year and make no additional contributions. points a. What will your account be worth when you retire in 45 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if you wait 10 years before contributing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) (X 01:36:48 Skipped eBook a. Future value b. Future value Print References Check my work 24 In 1895, the first US Open Golf Championship was held. The winner's prize money was $150. In 2016, the winner's check was $1,800,000. What was the percentage increase per year in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) points 8013628 Interest rate Skipped Book If the winner's prize increases at the same rate, what wil it be in 20407 (Do not round Intermediate calculations and round your answer to 2 decimal places, 0.0.32.16.) Future value
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