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# (Solved): You are planning to invest \$5,000 in an account earning 11% per year for retirement. a. If you put ...

You are planning to invest

`\$5,000`

in an account earning

`11%`

per year for retirement. a. If you put the

`\$5,000`

in an account at age 23 , and withdraw it 45 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 35 years, how much will you have at the end? a. If you put the

`\$5,000`

in an account at age 23 , and withdraw it 45 years later, how much will you have? In 45 years you would have

`\$`

. (Round to the nearest cent.) b. If you wait 10 years before making the deposit, so that it stays in the account for only 35 years, how much will you have at the end? In 35 years you would have

`\$`

. (Round to the nearest cent.)

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