Engineering graduates earn $750,000 more than the average Liberal Arts BA holder in a career. Assume the $750,000 is a lump-sum equivalent at the end of a 35-year career. How much extra does the engineering grad earn per year if the interest rate is 5% per year?

Click the icon to view the interest and annuity table for discrete compounding when i equals 5% per year.

The engineering grad earns extra $_____ per year. (Round to the nearest dollar.)