Part 1-

You plan to retire in 30 years and would like to have $1,000,000 in investments. How much money would you have to invest today at a 7% annual interest rate compounded daily to reacn your goar in 30 vears? Assume all years have 365 days. Round your answer to the nearest cent.)

PART 2-

An agent is selling an investment that earns 4.815% compounded semiannually. What is the APY (in percent) of the investment? (Round your answer to the nearest hundredth of a percent.)