Assume you can earn 12% per year on yout investments. a. If you invest $50,000 for retirement at age 30 , how much will you have 35 years later for retirement? b. If you wait untl age 40 to invest the $50,000, how much will you have 25 years later for refirement? c. Why is the diflerence so large? a. If you invest $50,000 for retirement at age 30 , how much will you have 35 yesrs laber for tetrement? The amount of money you will have 35 years later for retirement is : (Fround to the nearest cent) b. If you wait untl age 40 to invest the $50,000. how much will you have 25 years later for retirement? The amount of money you will have 25 years later for teficement is $ (Round to the neavest cent) c. Why is the defletence so large? The difference is large because the compounding eflect is accontuated the the time of investment. (Solect trom the drop-dowi menu)