A) Harry currently graduated in engineering. His employer will provide him the raise of $2500 per year if he passes FE (Fundamentals of Engineering exam). Over the career of 40 years, determine PW of the raise at i= 7%?
B) Determine present worth of the given cashflows?
i) $1400 per year for 8 years at 9%.
ii) $1400 per year starting in year 4 and continuing through year 11 at 9%.