Saving a lump sum of $10 000 when you are 45 years old is better than saving $1000 per year from age 25.

Name: Saving a lump sum of $10 000 when you are 45 years old is better than saving $1000 per year from age 25.
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Quizplus · Accepted Answer

Saving $1000 per year from age 25 allows for compound interest to accumulate over a longer period, potentially resulting in a larger amount by age 45 compared to a single lump sum saved at age 45.

Saving a Lump Sum of $10 000 When You Are