3) How much do I need to invest every month today in order to have a $1 million retirement fund in 35 years?

3) How much do I need to invest every month today in order to have a $1 million retirement fund in 35 years? Assume the interest rate of 5%, compounded daily.

4) So you just won the lottery. What's a better deal $250,000 today or $20,000 a year for 15 years? Assume the current market interest rate is 5%.