A 35 - year - old person who wants to retire at age 65 starts a yearly retirement contribution in the amount of $ 5,000 . the retirement account is forecasted to average a 6.5 % annual rate of return , yielding a total balance of $ 431,874.32 at retirement age . if this person had started with the same yearly contribution at age 20 , what would be the difference in the account balances ? a spreadsheet was used to calculate the correct answer . your answer may vary slightly depending on the technology used .
A. $266,275.76
B. $215,937.16
C. $799,748.61
D. $799,874.61