You begin working at age 25, and your employer deposits $250 each month into a retirement account that pays an APR of 6% compounded monthly. You expect to retire at age 65. What will be the size of your nest egg when you retire?

b . Suppose instead that you arranged to start the regular deposits two years earlier, at age 23. What will be the size of your nest egg when you retire? Compare this with your answer from part a.