Assume you want to retire early at age 52. You plan to save using one of the following two strategies: (1) save $4,200 a year in an IRA beginning when you are 22 and ending when you are 52 (30 years) or (2) wait until you are 42 to start saving and then save $12,600 per year for the next 10 years. Assume you will earn the historic stock market average of 14% per year. (Click the icon to view the future value annuity factor table.) 5 (Click the icon to view the future value factor table.) 2 (Click the icon to view the pre able.) Read the requirements. * Requirements Requirement 1. How much out-o Calculate how much out-of-pocke Option 1: $ 1. How much out-of-pocket cash will you invest under the two options? 2. How much savings will you have accumulated at age 52 under the two options? 3. Explain the results. 4. If you let the savings continue to grow for ten more years (with no further out-of-pocket investments), under each scenario, what will the investment be worth when you are age 62? Print Done Enter any number in the edit fiell