Calculate the accumulated amount of savings
Course:- Business Economics
Reference No.:- EM132281331

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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.

Scenario A Annual Payment= $2,000 Payment Period= End of years 1 to 9 Total Number of Payments= 9 Length of investment= 28 years Interest rate= 20%

Scenario B Annual Payment= $2,000 Payment Period= End of years 10 to 28 Total Number of Payments=19 Length of investment= 28yrs Interest rate= 20%

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