7. Your employer offers a 401(k) plan with a 46% match, and you set a goal of retiring in 28 years with $988,470 in your account. If the account earns an annual interest rate of 4.9%, how much should you contribute each month?

Round your answer to the nearest dollar.

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8. Your employer offers a 401(k) plan with a 48% match, and you set a goal of retiring in 30 years with an amount of money which has the same buying power that 1.9 million dollars has today. If the account earns an annual interest rate of 4.3% and the expected annual rate of inflation is 1.5%, how much should you contribute each month?

Round your answer to the nearest dollar.