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Assume you can earn 9 % per year on your investments. a . If you invest $ 1 0 0 , 0 0 0 for

Assume you can earn 9% per year on your investments.
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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