1. You want to save enough money to retire as a millionaire.

a.If you could earn 10% with common stocks, how much would you have to set aside per year to have $1,000,000 when you are 65? Please use your own age.

b.If you were going to make deposit monthly, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age.

c.If you were able to earn 11%, how much would you have to set aside per month to have $1,000,000 when you are 65? Please use your own age.

d.What type of a problem is this? ___________

My current age is 23.