. Mary wants to retire comfortably. She wants to have 5 million dollars by the time she retires in 30 years.

a) How much money does Mary need in her account today in order to have 5 million dollars in 30 years? She can earn 8% interest, compounded annually.

b) If Mary were to make year-end payments to her account for the next 30 years, what would her payment amount have to be in order to have the 5 million dollars in 30 years, @ 8% interest, compounded annually?