Owen is just entering the workforce at age $16.$ He wants to make sure he uses his money properly. At the present, he would only be able to set aside $$50$ per month for investing towards retirement $($assume age $66)$ but if he waits until age $32$ to start investing, he will be able to set aside $$100$ for investing $($this would be above and beyond any employer matched retirement account$).$ Assume that Owen has no debt, but also no assets or accounts $($including a savings account$).$ Create a brief advising report for Owen. Make sure your report addresses the following points:

What is the future value of Owen's investment if he begins his investing$/$saving at age $16?$

What is the future value of Owen's investment if he begins his investing$/$saving at age $32?$

How would you advise Owen? Explain