1. You deposit $1,000 into an account each year for 10 years with the first deposit made next year. Assuming an interest rate of 5%, the account will have a balance of $____ 10 years from today.

2.Today is your 25^thbirthday. You will begin making equal deposits on each birthday until your 65^thbirthday into an account that earns 6%. The first deposit will be made on your 26^thbirthday. To attain your goal of having $1,000,000 in the account on your 65^thbirthday, the deposits must be $_________.