You have just made your first $5,600 contribution to your retirement account. Assume you earn a return of 11 percent per year and make no additional contributions. a. What will your account be worth when you retire in 39 years

the  account be worth when you retire in 39 years is $327.932.30

Explanation:

The calculation of the account be worth when you retire in 39 years is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $5,600 × (1 + 0.11)^39

= $327,932.30

Hence, the  account be worth when you retire in 39 years is $327.932.30

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