1) You determine that you need $1,000,000 to retire comfortably when you are 50. You are 30 right now. You plan to save $15,000 per year and invest at 10% interest. Will you reach your target of $1,000,000? 2) You are in charge of the company pension plan. The plan will pay out $75,000 per year for 10 years, starting 15 years from today. The fund earns 4% per year. How much money does the pension need to have in 15 years,