Zelda wants to save $5,000,000 by the time she is 65. She turned 25 years old yesterday. She has twin daughters that are two years old today. She wants to pay each daughter $40,000 per year for five years for anticipated college expenses. The first payment will begin when her daughter turns 18. She also has $10,000 saved and she plans to invest it at 8% annual interest until she turns 65. Additionally, she anticipates selling a property she owns tens years form today for an after tax profit of $100,000, which she will then invest until she turns 65 at 8% per year. How much money does she need to save each year starting today if she earns 8% on her investments annually to reach her goal? How much each month starting today? Suppose she did not fund her daughter's education. What would your answer now be?