1. How much money would you need to place each month into a 12% investment opportunity (starting one month from today- which happens to be when you’ll turn 22 years old) in order that you’ll have $2.5 million for retirement when you turn 55? a. $495.68 b.$25,496 c. $7300.77 d. $5948.18 e. $563.12 could you show me the steps
2. You decide to buy a condo 5 years from now, and save $2500per year you deposit the money in a bank account that pays 4% interest, and you make the first deposit at the end of the first year. How much you have after 5years?