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%? (b) What is the future worth at Year 45? (c) Incentive pay systems can create ethical dilemmas in the workplace. Describe one each from the perspective of the employer and the employee