assume you want to retire early at age 53. Do you plan to save using one of the following strategies: (1) save $2700 a year in an IRA beginning when you're 23 and ending when you were 53 (30 years) or (2) wait until you are 43 to start saving and then save $8100 per year for the next 10 years assume you will earn the historic stock market average of 14% per year.

Requirements 1. How much out-of-pocket cash will you invest under the two options? 2. How much savings will you have accumulated at age 53 under the two options? 3. Explain the results. 4. If you let the savings continue to grow for nine more years (with no further out-of-pocket investments), under each scenario, what will the investment be worth when you are age 62? Reference Reference Reference Reference