Exam 1 S2018 years old today, and that you are planning on retirement at age 65. Your current salary is your salary to increase at a rate of 3% per year as long as you work. To save for your retirement, $51,000 and you expect you plan on making annual contributions to a and will be 8% of this year's salary. Likewise, you expect to Assume that the rate of interest is 10%. retirement account. Your first contribution will be made on your 31st birthday you reach age 65 deposit 8% of your salary each year unt The present value (PV) (at age 30) of your retirement savings is closest to: O A. $52,450 B. $57,695 OC. $36,715 D. $26,225