You are considering different investment strategies to save for your retirement. Option 1: you invest $50/month at a rate of 3.5% APR compounded monthly for 35 years Option 2: you invest $150/ quarter at a rate of 4.15% APR compounded monthly for 35 years
Option 3: you invest $4,000 at a rate of 5.5% APR compounded monthly for 35 years.

Complete the table below and answer the questions below it.
Option # Contributions Final Balance Total Interest Earned
1
2
3

1) How did you calculate the contribution for each option? In which option would you contribute the least?

2) Which option yielded the highest amount at the end of the 35 years and what was the basis of the plan

3) What is the difference in the principal invested for the highest and lowest final balances? What is the difference in the interest earned?

4) Is it better to invest more money in the beginning or the end of the 35 years?