importance of starting early
Abagail Nelson, a 25-year-old personal loan officer at First National Bank, understands the importance of starting early when it comes to saving for retirement. She has committed $3,000 per year for her retirement fund and assumes that sheAc€?cll retire at age 65.
1.) How much will she have accumulated when she turns 65 if she invests in equities and earns 8 percent on average?