Many academic institutions offer a sabbatical policy. Every seven years a professor is given a year free of teaching and

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answerhappygod
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Many academic institutions offer a sabbatical policy. Every seven years a professor is given a year free of teaching and

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Many academic institutions offer a sabbatical policy.
Every seven years a professor is given a year free of teaching and
other administrative responsibilities at full pay. For a professor
earning $70,000 per year who works for a total of 42 years, what is
the present value of the amount she will earn while on sabbatical
if the interest rate is 6% (EAR)?
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