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Assume you are saving for your retirement life and considering two options. Option 1 is to have $20,000 left at the end of your retirement

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Assume you are saving for your retirement life and considering two options. Option 1 is to have $20,000 left at the end of your retirement period. Option 2 is to have nothing left. If all else being equal, your required savings balance at the start of your retirement period of: Select one: a. Option 1 is greater than that of Option 2 b. Option 1 is less than that of Option 2 c. Option 1 is equal that of Option 2

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