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Suppose you are 22 and wish to retire at 65. Which of the following options will result in a greater future value at retirement? Option

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Suppose you are 22 and wish to retire at 65. Which of the following options will result in a greater future value at retirement? Option 1 is to invest $15,000 per year for eight years, and then leave it untouched for 35 years. Option 2 is to deposit $7,500 at the end of each year into an investment for 43 years. Both accounts earn 9% per year. Multiple Choice Option 1 is better with a value of $3,599,024 Option 1 is better with a value of $3,377,024 Option 2 is better with a value of $3,905,602 Option 2 is better with a value of $3,675,988 Option 2 is better with a value of $3,776,405

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