You are the CEO of ForeverGold, you are offered the below salary structure. All salaries are...

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You are the CEO of ForeverGold, you are offered the below salary structure. All salaries are paid in lumpsum. Time 0 1 2 3 4 5 Interest rate is 3% APR. st Salary 850,000 950,000 980,000 ? 1,200,000 1,200,000 a. The total value of your contract at the end of the fifth year is $6,781,523.79. What is the payment that you will receive in year 3? Assume annual compounding here. b. However, after some negotiation, Forever Golden agreed to raise your salary so that the value of your salary of your whole contact will increase by $450,000 in total (in today's value). Additionally, now you would receive equal monthly payments, with the first payment being one month from now. What is the amount of payment you would receive each month? Assume monthly compounding here. You are the CEO of ForeverGold, you are offered the below salary structure. All salaries are paid in lumpsum. Time 0 1 2 3 4 5 Interest rate is 3% APR. st Salary 850,000 950,000 980,000 ? 1,200,000 1,200,000 a. The total value of your contract at the end of the fifth year is $6,781,523.79. What is the payment that you will receive in year 3? Assume annual compounding here. b. However, after some negotiation, Forever Golden agreed to raise your salary so that the value of your salary of your whole contact will increase by $450,000 in total (in today's value). Additionally, now you would receive equal monthly payments, with the first payment being one month from now. What is the amount of payment you would receive each month? Assume monthly compounding here.