The measurement of the auditor's assessment of the susceptibility of an assertion to material misstatement, before considering the effectiveness of related internal controls is defined as

Which of the following choices will result in a greater future value at age 65?

Choice number 1 is to invest $3,000 per year from ages 20 through 26 (a total of seven investments) into an account and then leave it untouched until you are 65 (another 39 years). Choice number 2 is to begin at age 27 and make $3,000 deposits into an investment account every year until you are 65 years old (a total of 39 investments). Each account earns an average of 10% per year. (The investments are end-of-year payments.) A) Choice 1 is better than choice 2 because it has a FV of $1,304,146.89, which is greater than choice 2 FV of $1,204,343.33. B) Choice 2 is better than choice 1 because it has a FV of $1,304,146.89, which is greater than choice 1 FV of $1,204,343.33. C) Choice 2 is better than choice 1 because it has a FV of $1,204,343.33, which is greater than choice 1 FV of $1,171,042.63. D) Choice 1 is better than choice 2 because it has a FV of $1,288,146.89, which is greater than choice 2 FV of $1,204,343.33.

One of the advantages to a traditional IRA is that it allows you to make a penalty-free withdrawal to purchase your first home

Indicate whether this statement is true or false.