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You want to compare two separate retirement savingsscenarios: (A) and(B). In scenario(A) you startimmediately, contribute for a fewyears, but then stop contributing.However, you leave the

You want to compare two separate retirement savingsscenarios: (A) and(B). In scenario(A) you startimmediately, contribute for a fewyears, 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 scenarioA) and contribute all the way to retirement. Calculate the accumulated amount of savings at retirement for the two scenarios.

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Scenario Annual Payment Period Total Number of Length of Payment Payments Investment (A) $9,000 End of years 1 to 14 14 37 years (B) $9,000 End of years 15 to 37 23 37 years Accumulated Amount of Savings at Retirement (Future Value) (A) $|:| (Round to the nearest cent.) Scenario lnte rest Rate 15% 15%

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