Suppose you are a 25 year old professional, just turned 25 on May 31, and you wish to retire at age 65. To supplement your retirement, you could deposit US$ 2,000 per year in an account attached to your AFP, which could yield an effective compound annual rate of 10%.

A) If you carry out this plan, how much will you have accumulated by the time you reach age 65?

B) How much is the fund accumulated in the previous case worth today?

C) If you decide to wait until age 35 to start making deposits, how much will you have accumulated by the time you retire?

D) How much is the fund accumulated in the previous question worth today?

E) Analyze the impact of postponing the decision to start making deposits