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Analyze the "expert's" responses to the following questions

Analyze the "expert's" responses to the following questions:

Question: How early do you recommend people begin saving for retirement? Would it be too early for my 14-year-old to start saving?

Expert: It's never too early.

Question: For a college student , what would you suggest for a savings plan?

Expert: I'd suggest deciding on a specific amount to set aside each month, then making sure you do it, no matter the temptations not to.

Solution Preview

Expert: It's never too early.

Because of the time value of money, obviously, the earlier you start saving for retirement the more value you'll have for each dollar saved.

Suppose you save $1 ...

Solution Summary

This posting provides the answers to the student's questions.

$2.19