Fundamentals of engineering

Reference no: EM13686751

Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she passes the FE exam (Fundamentals of Engineering)

1) What is the future worth at year 40?

2) Over a career of 40 years, what is the present worth of the raise if the interest rate is 5 percent?

Reference no: EM13686751

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