Suppose you start at 21 and continue saving 2000 per year


If you invest $2,000 a year (at 9 percent) from ages 31 to 65, these funds will grow to $470,249 by age 65. However, if you save $2,000 a year (at 9 percent) for only 9 years (ages 22 to 30), at age 65 this fund will be worth $579,471. Suppose you start at 21 and continue saving $2,000 per year at 9% until age 65. What would that account be worth?

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Financial Management: Suppose you start at 21 and continue saving 2000 per year
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