You start working at age 20 and you plan to deposit

2) You start working at age 20 and you plan to deposit $5,000 in a savings account every year for the next 45 years.
a. At the end of this time, how much money will you have if the interest rate is 5%? (10)

b. You decide that's not enough money. How much will you have to save every year if
you wish to have $1,000,000 when you retire? (10)