1. Cameroncurrently has saved $9000 for retirement. He plans to save $500 at the end of each year. If the retirement account earns 8% per year, how much will Jonathan have saved for retirement in 42years? Round to the nearest cent.

2.If we invest $70,000 at 7%, how long until we have 500,000? Round to two decimals (nearest, not rounding up).