What is the present worth of the raise, Microeconomics

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What is the present worth of the raise

Problem

Rose recently graduated in engineering. Her employer will give her a raise of $3500 per year if she passes the FE exam (Fundamentals of Engineering). Over a career of 40 years, what is the present worth of the raise if the interest rate is 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.

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Microeconomics: What is the present worth of the raise

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