How long alysha wait before she has start making her deposit, Finance Basics

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How long alysha wait before she has start making her deposit

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Two friends, Alysha and Linda, are planning for their retirement. Both are 20 years old and plan on retiring in 40 years with $1,000,000 each. Linda plans on making annual deposits beginning in one year (total of 40 deposits) while Alysha plans on waiting and then depositing twice as much as Linda deposits.

If both can earn 5.40 percent per year, how long can Alysha wait before she has to start making her deposits?

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