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You will retire when you are 65

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You will retire when you are 65. Which of the following choices will result in a greater future value at age 65? Choice number 1 is to invest $2,000 per year from ages 20 through 26 (a total of seven investments) into an account and then leave it untouched until you are 65 (another 39 years). Choice number 2 is to begin at age 27 and make $2,000 deposits into an investment account every year until you are 65 years old (a total of 39 investments). Each account earns an average of 10% per year. (The investments are end-of-year payments.)

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