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$ 7 5 , 0 0 0 next year ( one - year from now ) ; $ 9 0 , 0 0 0 two

$75,000 next year (one-year from now);
$90,000 two years from now;
$105,000 three years from now; and,
$125,000 four years from now and every year there-after for another 29 years (30 such payments in total)
Assume your earnings in all of these years are received as one lump-sum payment at the end of every year. Assume your personal discount rate is 5.5%.
What is the present value of your estimated future income (you can round all calculations and your final answer to whole dollars)?
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