Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she passes the FE exam (Fundamentals of Engineering). (a) Over a career of 45 years, what is the present worth of the raise if the interest rate is 4%

$134,680

Explanation:

Annual increase in salary (A) = $6,500

Time period (n) = 45 years

Interest rate (i) = 4% = 0.04

P= A[(1+i)^n - 1/i(1+i)^n]

P = 6,500[(1+0.04)^45 - 1 / 0.04(1+0.04)^45]

P = 6500[5.8412 - 1 / 0.04*5.8412]

P = 6500[4.8412/0.233648]

P = 134680.3738957748

P = $134,680

So, present worth of the raise if the interest rate is 4% is $134,680

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.

an important city to the south and the region's capital is c. kiev