Bellais 23 years old andwants to invest money for her retirement.She wantsto have $2,000,000 saved up when she retires at age 65. a) If she can earn 10% per year in an equity mutualfund, calculate the amount of money she would have to invest in equalannualamounts to achieve her retirement goal.b)Alternatively, how much would she have to investin equalmonthlyamounts starting at the end of the current year or month respectively.c)Looking at these numbers, most people would think this is affordable.Why do you thinkmost Americans arenot saving for their retirement? Discuss what you believe to be the real reason most 23 year olds (like Bella) are not saving for retirement. What do you think we can do to change this trend?