Steve would like to have $2 million at the time of his retirement in 30 years. Assume he finds a mutual fund that will earn 4 percent annually. 1. If he plans to make a single investment today on this mutual fund. How much does Steve have to invest today to reach his retirement goal of $2 million at the time of his retirement? Select one: a. $600,001 to $650,000 b. $550,001 to $600,000 c. $500,000 to $550,000 O d. $650,001 to $700,000 2. If he plans to make a fixed amount of annual investment at the end of each year over the next 30 years, how much will Steve have to invest annually to reach the same retirement goal? Select one: a. $30,001 to $40,000 b. $50,001 to $60,000 O c. $20,001 to $30,000 O d. $40,001 to $50,000