please solve this question correctly.

QUESTION NO. 1 (20 MARKS) a. 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 8% annual interest. Required: i How large must the annual deposits be to create the $1,000,000 fund by the end of 42 years? ii. If you can afford to deposit only $6000 per year into the account, how much will you have accumulated by the end of the forty-second year? iii. How long would it take to save an adequate amount for retirement if you deposits $40,000 per year into an account beginning one year from today that pays 12 percent per year if you wish to have a total of $1,000,000 at retirement? iv. What annual rate of return would you need to earn if you deposit $40,000 per year into an account beginning one year from today in order to have a total of $1,000,000 in 30 years? Describe the determinants of market interest rate. v