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What is the present worth of the raise

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Question: Jose graduated in engineering 5 years ago. His employer will give him a raise of $10,000 per year if he passes the PE exam (Professional Engineer). Over a career of 35 years, what is the present worth of the raise if the interest rate is 8%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132156796

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