Problem
Jose graduated in engineering 5 years ago. His employer will give him a raise of $10,000 per year if he passes the PE exam (Professional Engineer). Over a career of 35 years, what is the present worth of the raise if the interest rate is 8%?
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.