(Solution) - Assume you can earn 9 per year on your investments a -(2025 Original AI-Free Solution)

Discipline:

Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Download Solution ($11.00) Write My Paper Afresh

Buy For $11.00

Paper Details

Assume you can earn 9% per year on your investments.
a. If you invest $100,000 for retirement at age 30, how much will you have 35 years later for retirement?
b. If you wait until age 40 to invest the $100,000, how much will you have 25 years later for retirement?
c. Why is the difference so large?