Assume you can 9.3 %earn per year on your investments.

a. If you invest 190,000 for retirement at age 30, how much will you have years later for retirement?

b. If you wait until age 40 to invest the 190,000 , how much will you have years later for retirement?

c. Why is the difference so large?

a. If you invest 190,000 for retirement at age 30, how much will you have 35 years later for retirement?

The future value is $ enter your response here. (Round to the nearest dollar.)