Your employer will give you a raise in an annual salary of $10,000 if you pass a Professional Engineering exam. Assume t
Posted: Sun May 29, 2022 4:54 pm
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 = ∞.
$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 = ∞.