Suppose the stated annual interest rate is 6%. Mike who is age 25 now and will receive a monthly wage of HK$25,000 till retirement at age 65, < 1. What is the present value (at age 25) of Mike's total contribution to the program and what is the present value (at age 25) of Mike's future total benefit from the pension (suppose he will die at age 85)? Compare these two present values and draw your conclusion. (5 points) For salaries of HK$10,000 to HK$20,000, both would pay 1.5 per cent and for HK$20,000 to HK$120,000 the amount would be 2.5 per cent.