d. Suppose that, instead of just having inherited money, the two individuals have just accepted a job in which their company contributes to a 401k retirement plan. The individuals now must choose between two investments for their retirement account: Investment A consists of a mix of stocks and bonds that can be sold easily, while investment B consists of 10-year savings

“certificates of deposit” that cannot be cashed out without a substantial penalty. (In both cases, there would be a tax penalty for withdrawing funds from the 401k plan, but, since it is the same for any 401k withdrawal, ignore this feature of 401k plans here.) Assuming identical rates of return on the two investments, which will cause individual 1 to accumulate more savings for retirement? What about individual 2?