Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 4

The best time to start saving for the future is now. To prove this point to yourself, calculate how much you will have at age 65 if you begin saving $100 a month now, and $100 a month 10 years from now. Type "compound interest calculator" in a search engine and find an appropriate site to help you with the calculations.