You begin to contribute to an investment plan with your company immediately after graduation, when you are 23 years old.Your contribution plus your companys contribution total $6000/yr.Assume that you work for the same company for 40 years.

a) What effective annual interest rate is required for you to have $1 million in 40 years?

b) Repeat part a) for $2 million.

c) What is the future value of this investment after 40 years if the annual interest rate is 7%.?