Joe invested $$10,000$ for retirement when he started working at the age of $23.$

What is the equation for this situation if the investment is projected to grow at a rate of $6\%$ per year?

How much would he have saved if he retired at the age of $67?$

Tom also started work at the age of $23.$ He didn$$t start saving until the age of $52,$ so he invested twice as much as Joe at the same interest rate.

What is the equation for this situation if the investment is projected to grow at a rate of $6\%$ per year?

How much would he have saved if he retired at the age of $67?$

What conclusions can you draw about investing and maximizing your gain?