Assume you can earn 9% per year on your investments. a. If you invest $100,000 for retirement
Question:
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?
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a The FV of 100000 invested for 35 years at 9 is 100000 10935 2041397 b ...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780133507676
3rd Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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