In Problem 10, you planned to donate $4 million to your alma mater to fund an endowed professorship. Given an interest rate of 7% per year, the professor would be able to collect $200,000 per year from your generosity. The inflation rate is expected to be 2% per year. How much can the professor be paid in the first year in order to allow her annual salary to increase by 2% each year and keep the principal intact? In Problem 10, you planned to donate $4 million to your alma mater to fund an endowed professorship. Given an interest rate of 7% per year, the professor would be able to collect $200,000 per year from your generosity. The inflation rate is expected to be 2% per year. How much can the professor be paid in the first year in order to allow her annual salary to increase by 2% each year and keep the principal intact