Problem 6-38 Growing Annuity (LO1] Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $56,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.6 percent per year. Your salary will increase at 2 percent per year throughout your career. points Skipped How much money will you have on the date of your retirement 35 years from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value Problem 6-47 Present Value and Multiple Cash Flows (L01] 00 What is the value today of $3,800 per year, at a discount rate of 10 percent, if the first payment is received 6 years from today and the last payment is received 20 years from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 10 points Skipped Value today