OA the powor of the time vake of monyws you to ace frlr sums of monay O B. the p

Question

OA the powor of the time vake of monyws you to ace frlr sums of monay O B. the power of the time value of money alows you to O C. the power of the time value of money alows you to you bagin whie you are young Posponing saving and inveding for refiroment for jat tow yoars signcanty increases the size of the contributons needed to the same amount that you can amass with larger contributions over longer ime periods far smaller sums of money iyou begin while you are young Posponing saving and investing for retirement for just a few years significanty decreases the size of the the orbutions reeded to acordate lhe same armartthat you can am Ms wthOler oortrbtons over trme penods

Explanation / Answer

First option is correct. Smaller contribution started early when you are young can result in huge sum at the time of retirement. Starting late will require contribution of much higher sum to accumulate the same amount.

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.