Quintin is now 22 years old and has just started a new job. He is trying to
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Quintin is now 22 years old and has just started a new job. He is trying to decide whether to start investing for retirement now or to wait several years. Verify that investing a fixed amount at a \(10 \%\) return per year yields approximately the same total accumulation at age 52 for Quintin under the following alternatives:
(a) Invest \(\$ 3\) per year for 30 years, beginning now
(b) Invest \(\$ 5\) per year for 25 years, beginning at age 27
(c) Invest \(\$ 80\) per year for 5 years, beginning at age 47
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