You plan to retire in 9 years. Calculate whether it is better for you to save $25,000 a year for the last 6 years before retirement or $15,000 for each of the next 9 years. Assume you are able to earn 10 percent interest on your investments.

Which savings plan is preferred? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided.)