Please help me answer the following 3 questions, please only attempt if you can answer ALL 3

Use the following information to answer each question. Allison wants to save for retirement. She is 20 and wants to retire in 40 years. She is considering two options and expects to earn an 8% annual return under each option. Option 1: She is considering contributing $6,000 per year to an IRA for 10 years at which time she figures she will be tired of self-deprivation save no more. The invested funds, however, will continue to grow until she retires. Option 2: Her other option is to spend all her money now and worry about retirement later. Under this plan she will contribute 6,000 per year to her IRA every year from the time she's 30 until she retires 30 years later, thinking surely the extra contributions under this plan will make her better off. Question 1 (1 point) Saved How much will Allison have for retirement under Option 1? $1,554,339.11 $679,699.27 $86,919.37 $874,639.85 Question 2 (1 point) How much will Allison have for retirement under Option 2? $874,639.85 $86,919.37 $1,554,339.11 $679,699.27 Question 3 (1 point) What is the point illustrated by the previous questions? One should start saving for retirement early to take advantage of the time value of money. You are better off not using IRAs. The time value of money has little impact on one's retirement savings. Investing for more years is more important than saving early