Problem
An arithmetic gradient is to be used to approximate a geometric gradient for an engineer's salary, which is $35,000 initially. Both models assume the same raise for the second year. What is the maximum annual raise and corresponding rate of increase that result in less than a 10% difference between the two final values at the end of 5 years?
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.