I need help pls

a. Suppose you decide to invest 100$ per month for the next 40 years into a savings account which will pay an annual interest rate of 2% in monthly payments. Therefore there is compounding Within year as well. How much wealth will you have accumulated from this investment decision by the end of the 40 years (in nominal $)? b. Suppose you instead put $100 into the stock market, consistently investing in index funds that return 8% per year on average. Again assume monthly returns with compounding within year. How much wealth would you have accumulated by the end of that period? Given your result from the previous parts - roughly how much would you need to save per month to have 1 million $ at the end of the 40 year time frame? You don't need to be precise but can give an approximate estimate based on the previous results. d. Ignoring risk and uncertainty, how many hours per month would you need to work extra to accu- mulate $1 million of wealth if you earn the Federal minimmn wage of $7.25 per hour? How many hours if you earn the Massachusetts minimum wage of $12 per hour