What is the pw and equivalent annuity for felix

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Reference no: EM131808891

Felix Jones, a recent engineering graduate, expects a starting salary of $35,000 per year. His future employer has averaged 5% per year in salary increases for the last several years. What is the PW and equivalent annuity for Felix's salary over the next 5 years? Felix uses an interest rate of 6%. (Answer: PW = $162,009)

Reference no: EM131808891

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