2. You have recently been hired by Gold-in-Sacks, Inc. The job starts immediately and you will be paid monthly, with a starting salary of $7,000 per month (you receive your first payment exactly one month from today). You expect your salary to increase at the rate of 4% p.a. throughout your career, and you plan to retire in 30 years. Specifically, in your first year of employment you will receive 12 monthly payments of $7,000. In your second year, you will receive 12 monthly payments of $7,280($7,0001.04), and so on. The appropriate discount rate is 12% per annum compounding monthly. Compute the present value of your future income as of today. 2a. Calculate the value, as of one year from today, of the first 12 monthly payments. 2 b. Using your result from a), calculate the present value of your total projected future income