PLEASE ANSWER BOTH QUESTIONS

1. You'd like to save $2 million. How much should you save each year for the next 20 years in order to reach this goal? Assume your savings will earn a 5% annual return. Round to the nearest dollar.

2. Suppose you have $30,000 in a savings account earning 2.4%. You would like to make equal monthly withdrawals from this account for the next 6 years to sustain your living expenses in college. What's the most you can withdraw? Round to the nearest dollar.

PLEASE ANSWER BOTH QUESTIONS