Your employer will give you a raise in an annual salary of $10,000 if you pass a Professional Engineering exam. Assume t

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answerhappygod
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Your employer will give you a raise in an annual salary of $10,000 if you pass a Professional Engineering exam. Assume t

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Your employer will give you a raise in an annual salary of
$10,000 if you pass a Professional Engineering exam. Assume that
you can work for the company for n years. Use the discount rate (r)
of 8% per year.
a. What is PV of the raise for n = 35?
b. What is AE of the raise?
c. Redo part a for n = ∞.
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