Your client is 30 years old, and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $10,000 per year, and you advise her to invest in securities which you expect to provide an average annual return of 7 percent. If she follows your advice, how much money would she have at age 60?

a. $2,283,676.51

b. $1,010, 730. 41

c. $321,000

d. $76,122. 55

e. $944,607.86