Your first job pays your $45,000 first year, $48,000 second year and $49,000 third year.Then youswitch to another job and make $53,000 in the first year. Your pay increases by 4% for the next six years (10 years total).

What is your salary in the 10thyear?

The Government tells you that the inflation is on average 2.3%. What is the Present Value (PV) of the salary you make in the 10thyear?

What is the PV if the inflation is %- (5PTS)