QUESTION 7 Ally wishes to leave a provision in her will that $5000 will be paid annually in perpetuity to a local charity. How much must she provide in her will for this perpetuity if the interest rate is 6%?Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer." QUESTION 8 "If the current rate of interest is 10%, then the present value (PV) of an investment that pays $1000 per year and lasts 20 years is closest to 5%, enter 0.05 as an answer." Note: Express your answers in strictly numerical terms. For example, if the answer is QUESTION 9 A rich donor gives a hospital $1,040,000 one year from today. Each year after that, the hospital will receive a payment 6% larger than the previous payment, with the last payment occurring in ten years' time. What is the present value PO of this donation, given that the interest rate is 11%? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer." QUESTION 10 Assume that you are 25 years old today, and that you are planning on retirement at age 65. Your current salary is $40000 and you expect your salary to increase at a rate of 5% 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 26st birthday and will be 8% of this year's salary. You expect to deposit 8% of your salary each year until you reach age 65. Assume that the rate of interest is 8%The present value (PV) (at age 25) 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." Click Save and Submit to save and submit. Click Save All Answers to save all answers