You want to compare two separate retirement savings scenarios: (A) and (B). In scenario (A) you start immediately, contribute for a few years, but then stop contributing. However, you leave the accumulated savings to compound until retirement. In scenario (B) you start later (after the end of savings in scenario A) and contribute all the way to retirement. Calculate the accumulated amount of savings at retirement for the two scenarios. Round to two decimal places

Scenario= A Annual payment= 4000.00 Payment period= end of years 1 to 16 Total number of payments= 16 Length of investment= 39 years Interest rate= 6%

Scenario= B Annual payment= 4000.00 Payment period= end of years 17 to 39 Total number of payments= 23 Length of investment= 39 years Interest rate= 6%