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Your first job out of college will pay you $65,000 in year 1 (exactly one year from today). You estimate that your salary will grow

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Your first job out of college will pay you $65,000 in year 1 (exactly one year from today). You estimate that your salary will grow at 5% per year for 30 years (compounded annually) If the applicable discount rate is 10%, what is the present value of these future earnings today? 3) a. 611,244.67 b. $ 752,315.74 c. S978,010.46 d. 1,045,910.97

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