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Jose graduated in engineering 5 years ago. His employer will give him a raise of$ I 0,000 per year if he passes the PE exam-(Professional

Jose graduated in engineering 5 years ago. His employer will give him a raise of$ I 0,000 per year if he passes the PE exam-(Professional Engineer). Over a career of 35 years, what is the present worth of the raise if the interest rate is 8%?

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