Engineering graduates earn $830,000 more than the average Liberal Arts BA holder in a career. Assume the $830,000 is a lump-sum equivalent at the end of a 30-year career. How much extra does the engineering grad earn per year if the interest rate is 4% per year? Click the icon to view the interest and annuity table for discrete compounding when i= 4% per year. The engineering grad earns extra $00 per year. (Round to the nearest dollar.) More Info N 1 2 23 4 567 8 9 10 11 12 14 15 16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 Discrete Compounding; i = 4% Compound Amount Factor Present Worth Factor To Find F To Find P Given A Given A FIA P/A 1.0000 0.9615 2.0400 1.8861 3.1216 2.7751 4.2465 3.6299 5.4163 4.4518 6.6330 5.2421 7.8983 6.0021 9.2142 6.7327 10.5828 7.4353 12.0061 8.1109 13.4864 8.7605 15.0258 9.3851 16.6268 9.9856 18.2919 10.5631 20.0236 11.1184 21.8245 11.6523 23.6975 12.1657 25.6454 12.6593 27.6712 13.1339 29.7781 13.5903 31.9692 14.0292 34.2480 14.4511 36.6179 14.8568 39.0826 15.2470 41.6459 15.6221 56.0849 17.2920 73.6522 18.6646 95.0255 19.7928 121.0294 20.7200 152.6671 21.4822 Single Payment Compound Amount Factor To Find F Given P F/P 1.0400 1.0816 1.1249 1.1699 1.2167 1.2653 1.3159 1.3686 1.4233 1.4802 1.5395 1.6010 1.6651 1.7317 1.8009 1.8730 1.9479 2.0258 2.1068 2.1911 2.2788 2.3699 2.4647 2.5633 2.6658 3.2434 3.9461 4.8010 5.8412 7.1067 Present Worth Factor To Find P Given F P/F 0.9615 0.9246 0.8890 0.8548 0.8219 0.7903 0.7599 0.7307 0.7026 0.6756 0.6496 0.6246 0.6006 0.5775 0.5553 0.5339 0.5134 0.4936 0.4746 0.4564 0.4388 0.4220 0.4057 0.3901 0.3751 0.3083 0.2534 0.2083 0.1712 0.1407 Uniform Series Sinking Fund Factor To Find A Given F A/F 1.0000 0.4902 0.3203 0.2355 0.1846 0.1508 0.1266 0.1085 0.0945 0.0833 0.0741 0.0666 0601 0.0547 0.0499 0.0458 0.0422 0.0390 0.0361 0.0336 0.0313 0.0292 0.0273 0.0256 0.0240 0.0178 0.0136 0.0105 0.0083 0.0066 Capital Recovery Factor To Find A Given P A/P 1.0400 0.5302 0.3603 0.2755 0.2246 0.1908 0.1666 0.1485 0.1345 0.1233 0.1141 0.1066 0.1001 0.0947 0.0899 0.0858 0.0822 0.0790 0.0761 0.0736 0.0713 0.0692 0.0673 0.0656 0.0640 0.0578 0.0536 0.0505 0.0483 0.0466 1