Thanks so much!

2. A court is trying to determine the discounted value of the future income of a man paralyzed in a car accident. At the time of the accident the man was earning $45 000 a year and anticipated getting a 4% raise each year. He is 30 years away from retirement. If money is worth i(1) = 5%, what is the discounted value of his future income? (Assume payments are at the end of each year and the first and the first payment is $45 000(1.04) = $46 800.) = =