ESTION 9 I 1. "A rich donor gives a hospital $50,000 one year from today. Each year after that, the hospital will receive a payment 1.5% larger than the previous payment, with the last payment occurring in 5 years' time. What is the present value (PV) of this donation, given that the interest rate is 2.5%? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer. ESTION 10 1. "Assume that you are 15 years old today, and that you are planning on retirement at age 65. Your current salary is $50000 and you expect your salary to increase at a rate of 4% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 16st birthday and will be 15% of this year's salary. You expect to deposit 15% of your salary each year until you reach age 65. Assume that the rate of interest is 2% The present value (PV) (at age 15) of your retirement savings is Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer." UESTION 10 1. "Assume that you are 15 years old today, and that you are planning on retirement at age 65. Your current salary is $50000 and you expect your salary to increase at a rate of 4% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 16st birthday and will be 15% of this year's salary. You expect to deposit 15% of your salary each year until you reach age 65. Assume that the rate of interest is 2%. The present value (PV) (at age 15) of your retirement savings is Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an