1.7. Julia Gonzlez, a 25-year-old loan officer, understands the importance of starting early to save for her retirement and plans to retire at age 65. In order to guarantee a peaceful old age financially, she is considering two alternatives:

a) Place $3,000 annually in an investment fund that pays an 8% annual return.

b) Place $10,000 one time in an investment fund that pays an 11% annual return.

Which of the two alternatives is the one that would best guarantee what Julia wishes to achieve?