Question: ( a ) If you will be making equal deposits into a retirement account for 1 0 years ( with each payment at the end

(a) If you will be making equal deposits into a retirement account for 10 years
(with each payment at the end of the year), how much must you deposit each year if the
account earns 10% compounded annually and you wish the account to grow to
$5,000,000 after 40 years (in time 40)?
(b) How does your answer to part (a) change if the account pays interest
compounded monthly at an annual rate of 10%? Note: use monthly compounding for all
calculations.
 (a) If you will be making equal deposits into a retirement

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