28, In calendar 2018, you earned a salary of S55.000. You expect to be given 4% annual merit increases on January 1 of each year for the foreseeable future. What is your projected annual salary in 2023? (Show calculation) 29. You have won a contest that will pay you $10,000 a year at the end of each of the next 5 years. Based on a discount rate of 8% per year, what is the annuity worth to you today? (Show calculation) 30. You would like to contribute $70,000 towards your grandchild's college education 16 years from now. How much money must you set aside today for this purpose if you believe you can earn 7.5% per year on your investment? (Show calculation) You are considering purchasing a 15-year 8% unsecured bond at a price of S960: 31. How much is the bond's face value? 32. How much is the bond's coupon? 33. What is the bond's current yield? Are the following statements about bonds True or False: 34. Bonds provide tax benefits to issuers. 35. A company's risk increases when a firm issues bonds. 36. The current yield on a bond is higher than its coupon rate when the bond sells at a discount. 37. Callable bonds are generally called when market interest rates increase