Problem
Harry recently graduated in engineering. His employer will give him a raise of $2500 per year, if he passes the FE exam (Fundamentals of Engineering). Over a career of 40 years, what is the PW of the raise at i = 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.