These conditions apply to all of the following problems: The real interest rate is 3%. The nominal interest rate is 7%. 1. Your house is currently worth $100,000. If your house increases in value at the rate of inflation, what will its price be in 10 years? (2 points) 2. Your Uncle Gonzo has set up a trust fund that will pay you $10,000 cash ten years from now. What is its present value? (2 points) What if your uncle's gift is indexed for inflation (meaning that its value is adjusted for any intervening change in the purchasing power of the dollar)? (2 points) 3. Micron is considering implementing an employee wellness program. The HR department estimates that it will yield $10,000 in immediate benefits (in terms of attracting new employees) and, in addition, will yield $10,000 in real benefits for each of the following fifteen years. What's the present value of the benefits from this program? (4 pts) 2. Your Uncle Gonzo has set up a trust fund that will pay you $10,000 cash ten years from now. What is its present value? (2 points) What if your uncle's gift is indexed for inflation (meaning that its value is adjusted for any intervening change in the purchasing power of the dollar)? (2 points) 3. Micron is considering implementing an employee wellness program. The HR department estimates that it will yield $10,000 in immediate benefits (in terms of attracting new employees) and, in addition, will yield $10,000 in real benefits for each of the following fifteen years. What's the present value of the benefits from this program? (4 pts)