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Unformatted text preview: 0.07 0.07 PV of cont to work Eq. 6.5 growing annuity present value=c[(1-[(1+g)/(1=r)]^t]/r-g see formula pv of cont working= 1,162,309 Ritter PV salary 1,569,663 pv cost 88,500 83,099 Net PV= 1,398,065 Bradly PV salary 1,251,408 pv cost 88,500 40,261.40 Net PV= 1,122,647 la in textbook on p. 162...
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