You plan to retire in 10 years. Calculate the future value of the investment if you save $28,500 (Op

/in /by

You plan to retire in 10 years. Calculate the future value of the investment if you save $28,500 (Option 1) a year for the last five years before retirement or $17,400 (Option 2) for each of the 10 years. You are able to earn 12 percent interest on your investments. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Option 1Future value

Option 2Future value

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