please show the work. Thank you!

1. Loadstar Sensors is a company that makes load/force sensors based on capacitive sensing technology. For a major plant expansion project, the company wants to have $70 million years from now. If the company already has $10 million in an investment account for the expansion, how much more must the company add to the account now so that it will have the $70 million 5 years from now? The funds earn interest at the rate of 8% per year. 2 A chip manufacturing company wants to have $10 million available five years from now in order to build new warehouse and shipping facilities. If the company can invest money at 10% per year, the amount that it must deposit each year in years 1 through 5 to accumulate the $10 million