Question: Mr T is considering a strategy to defer 10 000 income

Mr. T is considering a strategy to defer $10,000 income for five years with no significant opportunity cost. Discuss the strategic implications of the following independent assumptions.
a. Mr. T is age 24. He graduated from law school last month and accepted a position with a prominent firm of attorneys.
b. Mr. T is age 63. He plans to retire from business at the end of this year and devote his time to volunteer work and sailing.

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