Problem
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%.
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.