1)You save 10 percent of your salary every year, and your salary increases by 6 percent annually. Assume that you earn 10 percent annual interest over the entire 20-year period. Start with a salary of $10.00 per year at t=0. What will be the payment in year 1?

2)You save 10 percent of your salary every year, and your salary increases by 6 percent annually. Assume that you earn 10 percent annual interest over the entire 20-year period. Start with a salary of $10.00 per year at t=0. Calculate the FV of the growing annuity.