Lesson 4-2: How Investing Works - HSFPP
THE ADVANTAGE OF STARTING EARLYStarting at Age 18Starting at Age 31Amount Whitney Invested: $20,000Amount Whitney Invested: $70,0007% APYYear-End BalanceAge7% APYYear-End Balance$2,000$2,14018Starting later to invest$2,000annually for 35 years.$0$2,000$4,43019$0$2,000$6,88020$0$2,000$9,50221$0$2,000$12,30722$0$2,000$15,30823$0$2,000$18,52024$0$2,000$21,95625$0$2,000$25,63326$0$2,000$29,56727 ... ................
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