What is the PW and equivalent annuity for Felix salary

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Reference no: EM132162424

Question - Felix Jones, a recent engineering graduate, expects a starting salary of $35,000 per year. His future employer has averaged 5% per year in salary increases for the last several years. What is the PW and equivalent annuity for Felix's salary over the next 5 years? Felix uses an interest rate of 6%.

Reference no: EM132162424

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