10. In 2023, you earned a base salary of $57,000. If you expect to receive a 4% raise every year on January 1, what do you anticipate your earned salary will be in 2033?

11. A company will need $400,000 five years from now in order to replace or purchase a new CRM system. How much money must be set aside today for this purpose if it wants to fund this in full today and can earn 8.2% per year on its investments?

12. Norris Lowe Industries has an unfunded waste site cleanup liability of $5 million that must be paid out in full 16 years from now. If the relevant annual discount rate is 7.75%, what is the present value of this liability?