Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $50,000 and you expect your sala retirement, yo 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65, Assume that the rate of interest is 7%. ry to increase at a rate of 3% per year as long as you work. To save for your u plan on making annual contributions to a retirement account. Your first contribution will be made on your The present value (PV) (at age 30) of your retirement savings is closest to: O A. $81,010 O B. $73,645 O C. $36,823 OD. $51,552