You work for a company with a savings plan. Your boss gives you two choices of investing based on saving the same amount every month. The first choice is that the company will collect your monthly savings and invest them at the end of the year. The second choice is that the company will invest the savings every month you save. Your boss suggests the first one as a better way to save. Assuming your savings earn the same annual interest rate paid by the company when invested, which of the following statements is correct?

• Your boss suggestion is incorrect because you would have had more money with the second choice

• Your boss suggestion did not matter because you would have the same value in either account

• Your boss suggestion is correct because you will have more money with the first choice