2. Assuming you graduate at the age of 22 and earn an after-tax return of 7 percent per year from Kiwi Saver contributions, what will your account be worth when you retire in at 65 in the following two independent scenarios?

a) You make your first $5,000 contribution (assuming no additional contribution) to your kiwi Saver at the age of 22.

b) You make your first $6,500 contribution (assuming no additional contribution) to your kiwi Saver at the age of 27.