
 Time Value of Money (Site not responding. Last check: 20071106) 
  The younger you are, the more money you will have. 
  On a 10% interest rate, the initial $18,000 you invested will be worth $763,000 by the time you reach the age of 65. 
  If you have a friend who waits until he/she is 30 to start saving and they save $2,000 a year every year until they are 65 which is a total of $70,000, they will only have $542,048.73, a difference of $220,000 from the person who started at the age of 21. 
 www.wdfi.org /ymm/kids/investing/time_value_of_money.asp (179 words) 
