To supplement your planned retirement in exactly 42 years, you estimate that you need to accumulate $1,000,000 by the end of 42 years from today. You plan to make equal annual end-of-year deposits...

Extracted text: To supplement your planned retirement in exactly 42 years, you estimate that you need to accumulate $1,000,000 by the end of 42 years from today. You plan to make equal annual end-of-year deposits into an account paying 4% annual interest. a. How large must each annual deposit (payment) be to create the $1,000,000 by the end of 42 years? b. If you can afford to deposit only $5000 per year (payment) into the account, how much will you have accumulated by the end of the forty- second year? Entering your answer: . No dollar signs. · Round to the nearest cent (2 decimal places) Use commas as appropriate. • Only enter the numerical value, no variables, no equal signs