can anyone solve this problem for me?
Darren is 30 and is debating whether he should start investing $100 a month now
for retirement at 60 or if he should wait until he is more established at 40 and invest
$200 a month then. If the investment earns approximately 10% p.a. compounded
monthly, what would you recommend for saving the largest amount?

Question

can anyone solve this problem for me? 
Darren is 30 and is debating whether he should start investing $100 a month now 
for retirement at 60 or if he should wait until he is more established at 40 and invest 
$200 a month then. If the investment earns approximately 10% p.a. compounded
monthly, what would you recommend for saving the largest amount?

anonymous · Answer

alisha, your answer is wrong.

anonymous · Answer

whats the solution then dhataditya

anonymous · Answer

http://www.patrickschneider.com/compound_interest_calculator.php

anonymous · Answer

use that link. compound interest with monthly contributions is different from compound interest with no monthly contributions, which is what alisha answered.(incorrectly)