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You Have Just Made Your First $3,000 Contribution to Your

question 56

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?


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Substantial Capacity

Significant ability or aptitude, often used in legal contexts to denote an individual's competency to engage in certain actions or decisions.

Wrongfulness

The quality or state of being unjust, immoral, or illegal.

Digital Files

Electronic documents, images, or other content types stored in a digital format.

Competing Business

A business that offers similar services or products as another business, often within the same market or industry, leading to competition.

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