Question: A mechanical contractor has four employees whose combined salaries through the end of this year are $325,000. If he expects to give an average raise

A mechanical contractor has four employees whose combined salaries through the

A mechanical contractor has four employees whose combined salaries through the end of this year are $325,000. If he expects to give an average raise of 6% each year, but beginning in year 3. Calculate the present worth of the employees' salaries for 5 years. Let i=8% per year

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