Farah wants to have a cool million dollars to retire with when she is 55. How much must she invest today at age 19 into an account that pays 8% compounded monthly to accomplish this goal?

Sam also wants a cool million dollars when he is 55 but is willing to put away money every year. How much must he put away each year after his 21st birthday with same interest rate as Farah but his investment is compounded annually?