Question: Darren is 30 and is debating whether he should start investing $100 a month now for retirement at 60 or if he should wait

Darren is 30 and is debating whether he should start investing $100 a month now for retirement at 60 or if he

Darren is 30 and is debating whether he should start investing $100 a month now for retirement at 60 or if he should wait until he is more established at 40 and invest $200 a month then. If the investment earns approximately 10% p.a. compounded monthly, what would you recommend for saving the largest amount? Provide supporting evidence for your decision. (7 marks)

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