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You want to retire in 40 years, and plan to invest in a fund that offers a 7.2%APR. You are considering two strategies. Both involve
You want to retire in 40 years, and plan to invest in a fund that offers a 7.2%APR. You are considering two strategies. Both involve investing $2,300 per year. Assume all investments are made at the end of the year. A) Make annual contributions for the first 10-years and then quit making new contributions. B) Wait 10-years before making your first contribution and continue contributing until retire How much will you have at retirement if you follow plan (A) ? How much will you have at retirement if you follow plan (B)? Round your final answers to the nearest dollar
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