Sharon wants to create a retirement account for herself. Her financial advisor estimates 7. that she would need to accumulate a total amount of $1,000,000 in order to achieve a comfortable retirement Determine the monthly deposit she has to make to a savings account that earns interest at 5% per year compounded monthly in order to retire comfortably in 30 years If Sharon wishes to retire in 20 years, her advisor suggests depositing $2,400 each month into a savings account that earns interest at 5.5% per year compounded monthly. Calculate the total amount that she will have accumulated in 20 years in this scenario (a) (b)