Problem
Rose recently graduated in engineering. Her employer will give her a raise of $3500 per year if she passes the FE exam (Fundamentals of Engineering). Over a career of 40 years, what is the present worth of the raise if the interest rate is 7%?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.