You have just turned 22 years old, received your bachelor's degree, and accepted your first job. Now you must decide how much money to put into your retirement plan. The plan works as follows: Every dollar in the plan earns 9% per year. You cannot make withdrawals until you retire on your 65th birthday. After that, you can make withdrawals as you see fit. You decide that you will plan to live to 100 and work until you turn 65.

1. To fund your annual withdrwal of $105,000 in retirement, the amount you need when you retire is $.... (Round to the nearest cent.)
2. To meet your goal, your annual contribution during your work should be $... (Round to the nearest cent.)