You plan to retire in 20 years. Use present value tables to calculate whether it is better for you to save $23,000 a year for the last 10 years before retirement or $15,400 for each of the 20 years. Assume you are able to earn 11 percent interest on your investments. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.)

It is much better to save (15,400 OR 23,00) for (the last 10 years before retirement OR each of the 20 years).