Appendix A Future value of $1, FVF FV=PV(1+1) Percent 6% Period 1% 2% 3% 4% 5% 7% 8% 9% 10% 11% 1 1.060 1.100 2 3 4 5 6 7 8 9 10 11 12 13 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1282 1.348 1.489 1.645 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.373 1.400 1.428 1.457 1.486 1.641 1.811 2.208 2692 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 2.427 3.262 4.384 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1.873 1.948 2.026 2. 107 2.191 2666 3.243 4.801 7 107 1.050 1.103 1.158 1.216 1.276 1.340 1.407 1.477 1.551 1.629 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.407 2.527 2.653 3.386 4.322 7.040 11467 1.124 1.191 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2012 2.133 2.261 2.397 2.540 2.693 2.854 3.026 3.207 4.292 5.743 10.286 18,420 1.070 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.252 2.410 2.579 2.759 2.952 3.159 3.380 3.617 3.870 5.427 7612 14.974 29.457 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.426 3.700 3.996 4.316 4.661 6.848 10.063 21.725 46.902 1.090 1.188 1.295 1.412 1.539 1.677 1.828 1.993 2.172 2.367 2.580 2.813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 8.623 13.268 31.409 74.358 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 6.116 6.727 10.835 17.449 45.259 117.39 1.110 1.232 1.368 1.518 1.685 1.870 2.076 2.305 2.558 2.839 3.152 3.498 3.883 4.310 4.785 5.311 5.895 6.544 7.263 8.062 13.585 22.892 65.001 184 57 14 15 16 17 18 19 20 25 30 40 50 Copyright 2019 Moraw-Hill ducation. All rights reerved. No reproduction or distribution without the prior written consent of Meraw-Hill Falucation Period 1 2 3 4 5 6 12% 1.120 1.254 1.405 1.574 1.762 1.974 2.211 2.476 2.773 3.106 3.479 3.896 10 11 12 13 14 13% 1.130 1.277 1.443 1.630 1.842 2.082 2.353 2.658 3.004 3.395 3.836 4.335 4.898 5.535 6.254 7.067 7.986 9.024 10.197 11.523 21.231 39.116 132.78 450.74 14% 1.140 1.300 1.482 1.689 1.925 2.195 2.502 2.853 3.252 3.707 4.226 4.818 5.492 6.261 7.138 8.137 9.276 10.575 12.056 13.743 26.462 50.950 188.88 700.23 85 86 8oo wooo 15% 1.150 1.323 1.521 1.749 2.011 2.313 2.660 3.059 3.518 4,046 4.652 5.350 6.153 7.076 8.137 9.358 10.761 12.375 14.232 16.367 32.919 66.212 267.86 1.083.7 16% 1.160 1.346 1.561 1.811 2.100 2.436 2.826 3.278 3.803 4.411 5.117 5.936 6.886 .7.988 9.266 10.748 12.468 14.463 16.777 19.461 40.874 85.850 378.72 1.670.7 17% 1.170 1.369 1.602 1.874 2.192 2.565 3.001 3.511 4.108 4,807 5.624 6.580 7.699 9.007 10.539 12.330 14.426 16.879 19.748 23.106 50,658 111.07 533.87 2.566.2 Porcent 18% 1.180 1.392 1.643 1.939 2.288 2.700 3.185 3.759 4.435 5.234 6.176 7.288 8.599 10.147 11.974 14.129 16.672 19.673 23.214 27.393 62.669 143.37 750.38 3.9274 19% 1.190 1.416 1.685 2.005 2.386 2.840 3.379 4.021 4.785 5.696 6.777 8.064 9.596 11.420 13.590 16.172 19.244 22.091 27.252 32.429 77,388 184.68 1.051.7 5.988.9 20% 1.200 1.440 1.728 2.074 2.488 2.986 3.583 4.300 5.160 6.192 7.430 8.916 10.699 12.839 15.407 18.488 22.186 26.623 31.948 38.338 95.396 237.38 1.469.8 9.100.4 25% 30% 1.250 1.300 1.563 1.690 1.953 2.197 2.441 2.856 3.052 3.713 3.815 4.827 4.768 6.276 5.960 8.157 7.451 10.604 9.313 13.786 11.642 17.922 14.552 23.298 18.190 30.288 22.737 39.374 28.422 51.186 35.527 66.542 44.409 86.504 55.511 112.46 69.389 146.19 86.736 190.05 264.70 705.64 807-79 2.620.0 7.523.2 36,119.0 70.065.0 497.929.0 4.363 4.887 18 19 20 5.474 6.130 6.866 7.690 8.613 9.646 17.000 29.960 93.051 289.00 Appendix D Present value of an annuity of $1, PVA PV =A1- (1+1)" Porcont Period 29% 3% 4% 7% 8% 9% 12% 0.990 0.980 0.971 0.935 1.913 1 2 3 4 0.893 1.690 2.402 3.037 2.829 3.717 0.962 1.886 2.775 3.630 4.452 5.242 6.002 1.970 2.941 3.902 4.853 5.795 6.728 5 11% 0.901 1.713 2.444 3.102 3.696 4.231 4.712 5.146 5.537 5.889 4.580 5.417 6.230 7.020 7.786 8.530 6 7 8 9 10 11 12 13 7.652 8.566 9471 10.368 11.255 12.134 13.004 13.865 14.718 15.562 16.398 1.942 2.884 3.808 4.713 5.601 6.472 7.325 8.162 8.983 9.787 10.575 11.348 12.106 12.849 13.578 14 292 14.992 15.678 16.351 19.523 22.396 27.355 31.424 5% 0.952 1.859 2.723 3.546 4.329 5.076 5.786 6.463 7.108 7.722 8.306 8.863 9.394 9.899 10.380 10.838 11.274 11.690 12.085 12.462 14.094 15.372 17.159 9.253 9.954 10.635 11.296 11.938 12.561 13.166 13 754 14.324 14.877 6% 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 7.887 8.384 8.853 9.295 9.712 10.106 10.477 10.828 11.158 11.470 12.783 13,765 15.046 15.762 1.808 2.624 3.387 4.100 4.767 5.389 5.971 6.515 7.024 7.499 7.943 8.358 8.745 9.108 9.447 9.763 10.059 10.336 10.594 11.654 12.409 13.332 13.801 6.733 7,435 8.111 8.760 9.385 9.986 10.563 11.118 11.652 12.166 12.659 13. 134 13.590 15.622 17.292 19.793 21.482 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 10.675 11 258 11.925 12233 0.917 1.759 2.531 3.240 3.890 4.486 5.033 5.535 5.995 6.418 6.805 7.161 7.487 7.786 8.061 8.313 8.544 8.756 8.950 9.129 9.823 10.274 10.757 10.962 14 10% 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 6.495 6.814 7.103 7.367 7.606 7.824 8.022 8.201 8.265 8.514 9.077 9.427 9.779 9.915 15 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 6.974 7.120 7.250 7.366 7.469 7.843 8.055 8.244 16 6.207 6.492 6.750 6.982 7.191 7.379 7.549 7.702 7.839 7.963 8.422 8:694 8.951 17 18 19 20 25 17.226 18.046 22.023 25.808 32.835 39. 196 30 40 17.413 19.600 23.115 50 25.730 18.256 9.042 8.304 Porcon Period B% 77% 25% 35% 40% 50% 18% 0.847 1 0.714 0.885 1.668 2 16% 0.862 1.605 2.246 2.798 3.274 3 15% 0.870 1.626 2.283 2.855 3.352 3.784 4.160 2.361 4 2.974 3.517 0.741 1.289 1.696 1.997 2.220 2.385 2.508 2.598 5 0.667 1.111 1.407 1.605 1.737 1.824 1.883 1.922 3.685 14% 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 5.453 5.660 5.842 6.002 6.142 6 7 8 19% 0.840 1.547 2.140 2.639 3.058 3.410 3.706 3.954 4.163 4.339 4.486 4.611 4.715 4.802 4.876 3.998 4.423 4.799 5.132 5.426 5.687 5.918 6.122 6.302 6.462 6.604 0.855 1.585 2.210 2743 3.199 3.589 3.922 4.207 4.451 4.659 4.836 4.988 5.118 5.229 5.324 5.405 9 10 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5.847 5.954 11 12 13 0.800 1.440 1.952 2.362 2.689 2.951 3.161 3.329 3.463 3.571 3.656 3.725 3.780 3.824 3.859 3.887 1.566 2.174 2.690 3.127 3.498 3.812 4.078 4.303 4.494 4.656 4.793 4.910 5.008 5.092 5.162 5.222 5.273 5.316 5.353 5.467 5.517 5.548 5.554 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.730 4.775 4812 4.843 4.870 4.948 4.979 4.997 4.999 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.668 5.749 5.818 5.877 5.929 6.097 6.177 6.233 6.246 30% 0.769 1.361 1.816 2.166 2.436 2.643 2.802 2.925 3.019 3.092 3.147 3.190 3.223 3.249 3.268 3.283 3.295 3.304 3.311 3.316 3.329 3.332 3.333 3.333 2.665 2.715 2.752 2.779 2.799 1.224 1.589 1.849 2.035 2.168 2.263 2.331 2.379 2.414 2.438 2.456 2.469 2.478 2.484 2.489 2.492 2.494 2.496 2.497 2.499 2.500 2.500 2.500 1.948 1.965 1.977 1.985 1.990 1.993 1.995 1.997 14 2.814 15 16 6.265 4 938 17 18 6.729 6.840 6.938 5.475 5.534 5.584 19 20 6.373 6.467 6.550 6.623 6.873 7.003 7.105 7.133 6.047 6.128 6.198 6.259 6.464 6.566 6642 6.661 2.825 2.834 2.840 2.844 2.848 2.850 2.856 2.857 2.857 2.857 7.025 7.330 7.496 7.634 7.675 4988 5033 5.070 5.101 5.195 5.235 5.258 5.262 3.910 3.928 3.942 3.954 3.985 3.995 3.999 4.000 5.628 5.766 5.829 25 1.998 1.999 1.999 1.999 2.000 2.000 2.000 2.000 30 40 50 5.871 5.880 11 Cal Lury owes $34,000 now. A lender will carry the debt for eight more years at 9 percent interest. That is, in this particular case, the amount owed will go up by 9 percent per year for eight years. The lender then will require that Cal pay off the loan over the next 16 years at 12 percent interest. What will his annual payment be? Use Arpendix A and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 10 points Annual payments