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Assume you can earn 8.9 % per year on your investments. a. If you invest $140,000 for retirement at age 30, how much will you

Assume you can earn 8.9 % per year on your investments. a. If you invest $140,000 for retirement at age 30, how much will you have 3535 years later for retirement? b. If you wait until age 40 to invest the $140,000, how much will you have 25 years later for retirement? c. Why is the difference so large?

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