What are dividends? a. a small part, or share, of a company. b. a type of savings account that grows over time. c. a distribution of a small percentage of profits to shareholders. d. none of the above.

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. 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?