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Problem 3 [10 points] You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $5,000

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Problem 3 [10 points] You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $5,000 each beginning in 26 years. If you desire an annual interest rate o 12% compounded monthly, answer the following two questions: a. How much would you be willing to invest today? b. How much would the money worth at the end of your last payment (i.e., in year 35)?

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