You can invest $77000 today with an annual interest rate of 12% for 40 years. If you decide to deposit the same amount after 14 years, instead of today, how better or worse off would you be? In reality, you don't have enough money to invest now. However, in 10 years you will have enough savings to invest. How much would you have to invest after 10 years from today with the same interest rate (12% EAR) to have the originally planned amount (Future Value of investing $77000 today for 40 years) after 40 years?