1.Mary wants to retire comfortably. She wants to have 10 million dollars by the time she retires in 30 years. a) a) How much money does Mary need in her account today in order to have 10 million dollars in 30 years? She can earn 7% interest, compounded annually.

b) If Mary were to make year-end payments to her account for the next 30 years, what would her payment amount have to be in order to have the 10 million dollars in 30 years, @ 7% interest, compounded annually?