Question 7 Tim just earned his MBA and received a job offer. The offer is as follows: His annual salary will be $96,000. For simplicity, assume he gets paid once a year at the end of each year. The salary is expected to increase 3% per year. If Tim expects to work at the company for 27 years and the appropriate discount rate is 6%, what is the present value of this offer? The value of the offer - $ Question 8 Question 9 0.5 pts You plan for your retirement. You currently have $6,000 in your 401k. If you plan to save $600 per month for the next 36 years, how much will you have in your 401k at the end when you retire? Assume your 401k portfolio earns 9% return with monthly compounding. The amount at retiremegt-$_ How much do you need to have at retirement if you plan for the following? Withdraw $100,000 per year at the beginning of each year (once a year starting from retirement). Leave $500,000 for your heirs at the end. Your life expectancy is 27 years after you retire. The investment rate after retirement is 6% with annual compounding. The amount at retirement - S 0.5 pts 0.5 pts