10 Paul is paid $123,500 a year at his job. There is 3% inflation annually. How much will he need to be paid in 10 years to average the same purchasing power? 11 Jen and Bob get married and receive $12,000 in cash for their wedding gift. How much will they have in 25 years if they put all their gift into an account earning 7% semiannually? How much money in the account will be interest? 12 Calculate the future value of $5000 earning 10% quarterly for 10 years. How much money will be interest