Question: help me to make sure mine is correct for question 8,9,10 QUESTIONS If the current rate of interest is 5%, then the present value (PV)

help me to make sure mine is correct for question 8,9,10 help me to make sure mine is correct for question 8,9,10 QUESTIONS

QUESTIONS "If the current rate of interest is 5%, then the present value (PV) of an investment that pays $1000 per year and lasts 5 years is closest to Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer." QUESTION 9 "A rich donor gives a hospital $25000 one year from today. Each year after that, the hospital will receive a payment 3% larger than the previous payment with the last payment occurring in 5 years time. What is the present value (PV) of this donation, given that the interest rate is ? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer." QUESTION 10 "Assume that you are 41 years old today, and that you are planning on retirement at age 65. Your current salary is $140000 and you expect your salary to increase at a rate of 2% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 42st birthday and will be 15% of this year's salary. You expect to deposit 15% of your salary each year until you reach age 65. Assume that the rate of interest is 4%. The present value (PV) (at age 41) of your retirement savings is Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an

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