help pls

Question Part 1: Assuming a period of 20 years, 8% average annual return, and no starting value, how much do you need to save each year to end up with $1,000,000 by the end of 2023 ? Show your work and calculations for full/partial credit. You can round the answer to the nearest dollar, i.e. $10,001.45=$10,001 Question Part 2: Let's say you're now in 2023 with $1,000,000 in your investment account. Given the recent market volatility, you're scared to keep your money in investments. You feel that you should just withdraw that $1,000,000 and stick it underneath your mattress for safe keeping. You then remember from class that there is a big reason why this is not a good idea. Why is that? Explain this both qualitatively and quantitatively