At January 1, 2021, Caf Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $23,000 beginning January 1, 2021, the beginning of the lease, and at each December 31 thereafter through 2028. The equipment was acquired recently by Crescent at a cost of $198,000 (its fair value) and was expected to have a useful life of 12 years with no salvage value at the end of its life. (Because the lease term is only 9 years, the asset does have an expected residual value at the end of the lease term of $123,313.) Both (a) the present value of the lease payments and (b) the present value of the residual value (i.e., the residual asset) are included in the lease receivable because the two amounts combine to allow the lessor to recover its net investment. Crescent seeks a 10% return on its lease Investments. By this arrangement, the lease is deemed to be a finance lease to the lessee. (FV of $1. PV of $1, EVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. What will be the effect of the lease on Crescent's earnings for the first year? (ignore taxes) (Enter decreases with negative sign.) 2. What will be the balances in the balance sheet accounts related to the lease at the end of the first year for Crescent? (ignore taxes) 1. Effect on earnings 2. Lease receivable balance (end of year) ABLE 1 Future Value of $1 V $1(2+) 10% 1.5% 2.0% 2.5% 3.096 3.5% 4.0% 4.5% 5.096 5.5% 1101000 1.01500 1.02000 102500 1.03000 1.03500 1.04000 104500 1.05000 1.05500 2 102010 1.03022 1.04040 1.05063 1.06090 1.07123 108160 1.09203 1.10250 1.11.303 3 103030 104568 100121 1.07689 109273 110872 1.12480 1.14117 115763 1.17424 4 104060 1.06136 108243 110381 112551 1.14752 1.16986 1.19252 121551 123882 5 105101 107728 1.10408 1.13141 115927 1.18769 121665 124618 1.27628 1.30696 61.06152 1.09344 1.12616 1.15909 1.19405 1.22926 126532 130226 1.34010 1.37884 7 107214 1.10984 1.14809 1.18509 122987 1.27228 1.31393 1.30086 140710 143468 108786 1.12649 1.17106 121540 1.26677 1.31081 130857 142210 147746 133409 9109369 114139 1.19509 1.34886 130477 136290 142331 148610 155133 1.61909 10 110462 1.16054 121899 128008 1.34392 141060 148024 1.55297 1.62889 170814 11 111567 117795 124337 131209 138423 1.45997 1.53945 1.62285 1.71034 1.80209 12 1.12683 1.19562 126824 1.34489 142576 151107 1.60103 169588 1.79586 1.90121 13 113809 1.21355 129561 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 14 114947 123176 131948 141297 151259 1.61869 1.753168 185194 1.97993 2.11609 15 1.16097 1.25023 1.34587 144830 155797 1.67535 180094 1.93528 2.07893 2.23248 16 117258 1.26899 1.37279 148451 160471 1.73399 187298 202237 2.18287 2.35526 17 118430 128802 140024 152162 165285 1.7948 194790 211338 229202 245480 18 1.19615 130734 1.42825 155966 1.70043 1.85749 202582 220848 2.40662 262147 19 1.20811 1.32695 145681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 276565 20 122019 1.34686 148595 1.63862 180611 1.99979 2.19112 241171 265330 291776 112360 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1.00000 1.07000 1.08000 109000 1.10000 1.11000) 1,12000 120000 1.14490 1.16640 1.18810 1.21000 121210 1.25440 1.22504 1.25971 1.29503 133100 1.36763 1.40493 1.44000 1.72800 2.07360 2.48832 1.19102 1.26246 1.31080 1.36049 141158 146410 151807 157352 133823 140255 1.46933 1.53862 1.61051 1.68506 1.76234 150163 141852 1.50073 1.58687 1.67710 1.77156 187041 1.97382 1.60578 1.71382 1.82804 194872 207616 221068 1.71819 185093 1.99256 2.14359 183846 199900 2.17189 235795 196715 2.15892 2.36736 2.59374 2.30454 247596 2.98598 5.38318 4.29982 2.55804 3.7730 515978 619174 1688 179085 1.89830 2.10485 2.33164 2.58043 201220 225219 251817 281266 3.13843 3.49845 38959 2.13293 2.40985 2.71962 3.06580 3.45227 388128 436549 10.09932 220090 2.57853 2.93719 334175 3.79750 431044 4.88711 12.81918 2.39056 2.75903 3.17217 3.64248 4.37725 4.78459 5.47557 1540702 315176 347855 74300 91610 254035 2.95216 142594 397031 4.59497 5.31089 6.13039 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 616604 2.85434 337993 3.99602 4.71712 5.35992 654355 7.68997 3.02560 3.61053 4.31570 514166) 6.11591 7.26334 61276 3.20714 386968 4.66096 5.00441 672750 806231 9.64629 3.39956 4.14056 5.03383 4.29187 542743 761226 10 06266 22.18611 26.62333 31.94800 38.33760 40.00512 21 121239 136706 151567 147958 186029 105945 2.27877 2.52024 2.78596 3.07823 610881 7.40025 94917 10.80385 25 1.28343 145095 1.64061 183394 2.09378 2.36124 2.66564 3.00543 3.38635 3.81339 862308 10.83471 13.58546 17.00006 95.39622 30 134785 156308 181136 209757 242726 2.80679 3.34340 3.74532 432194 498395 5.74349 13.26768 1744940 22.89230 29.95992 237.37631 40 148886 181402 220804 2.08506 3.26204 3.95926 480102 5.81636 703999 51331 10.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.0509) 1469.77100 TABLE 2 Present Value of $1 $1 PV= (1+1) 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5,0% 5.5% 6.0% 7.0% 8.0% 9.0% 1 0.99010 098522 0.98039 10.0% 11.0% 12.0% 20.016 0.97561 097087 0.96618 096154 0.95694 0.95238 094787 094340 0.93458 0.92593 091743 090909 0.90090 089286 083333 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 092456 091573 090703 0.89845 0.89000 0.87344 0.85734 084168 0.32645 0.81162 0.79719 0.69444 3 097059 0.95632 094232 0.92850 0.91514 090194 088900 0.87630 0.86384 0.85161 0.83962 081630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 4 0.96095 0.94218 0.92385 0.90595 0.88849 0.87144 0.35430 0.83856 0.82270 080722 0.79209 076290 073503 0.70843 0.68301 0.05873 0.63552 048225 5 0.95147 0.92826 0.90573 088385 0.36261 0.84197 082193 0.30245 078353 0.76513 0.74726 0.71299 068058 0.64993 062092 0.59345 0.56743 0.40188 60.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53 0.50663 0.33490 7 093272 0.90103 0.87056 034127 081309 0.78599 0.75992 0.73483 071068 068744 0.66506 0.62275 0.58349 054703 051316 048166 045235 0.27908 $ 0.92345 0.88771 0.85349 0.82075 0.78941 075941 073069 0.70319 0.67684 0.65160 0.62741 058201 054027 0.50187 046651 0.43393 0.40388 023257 9 091434 0.87459 083676 0.80073 0.76642 073373 0.70259 007290 064461 0.61763 059190 054393 050025 0.46043 042410 0.39092 0.36061 0.19381 10 090529 0.36167 0.82035 0.78120 074409 0.70892 0.67556 064393 0.61391 058543 0.55839 050835 046319 042241 0.38554 0.35218 0.32197 0.16151 11 0.39632 0.34893 0.50426 0.76214 0.72242 0.68495 0.64958 0,61620 0.55465 0.55491 0.52679 0.47509 0.42858 0.38753 0.35049 0.31725 0.25745 0.13459 12 0.88745 0.83639 0.78849 0.74356 0.70138 066178 0.62460 058966 0.55684 0.52598 0.49097 044401 0.39711 0.35553 031863 0.28584 0.25668 0.11216 13 0.87866 0.82403 0.77303 0.72542 0.68095 063940 060057 0.56427 0.53032 049856 0.46884 041496 0.36770 0.32618 0.28966 0.25751 0.22917 009346 14 086996 0.81185 075788 0.70773 066112 0.61778 057748 0.53997 0.50507 0.47257 044230 038782 0.34046 0.29925 0.26333 0.23199 0.20462 0.07789 15 0.86135 079985 0.74301 069047 0.64186 0.59689 0.55526 051672 048102 044793 041727 036245 0.31524 0.27454 023939 0.20900 0.18270 0.06491 16 0.85282 0.78803 0.72545 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.05409 17 084438 077639 071416 065720 0 60502 0.55720 051337 047318 043630 040245 0.37136 031657 027027 023107 0.19784 0.16963 014564 0.04507 18 083602 0.76491 070016 064117 058739 0.53836 049363 045280 041552 0.38147 0.35034 0.29586 025025 021199 0.17986 0.15282 013004 0.03756 19 02774 0.75361 0.68643 0.62553 0.57029 052016 047464 043330 0.39573 0.36158 0.33051 027651 0.23171 0.19449 0.16351 0.13768 0.11611 003130 20 081954 0.74247 0.67297 061027 0.55368 050257 045639 041464 0.37689 034273 031180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.02608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 0.16370 0.13513 0.11174 0.09256 0.02174 24 0.78757 0.09954 0.62172 05528 0.49193 0.43796 0.39012 034770 031007 0.27666 0.24698 0.19715 0.15770 012640 0.10153 0.08170 0.06588 0.0125 25 077977 0.68921 0,60953 0.53939 047761 042315 037512 0.33273 0.29530 026223 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 0.57437 050088 041708 038165 033345 029157 0.25509 0.22332 019563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 048866 0.42435 0.36875 0.32065 0.27902 024295 021168 0.18456 014056 010733 0.08215 0.06304 0.04849 0.03738 0.00506 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 030832 0.26700 0.25138 0.20064 0.17411 0.13137 0.09935 0.07537 0.05731 0.04368 0.03338 0.00421 31 073458 0 63031 0.54125 046511 039999 0.34423 0.29646 0.25550 022036 0.19018 0.16425 0.12277 0.09202 0.00915 005210 0.03935 002980 0.00351 40 0.67165 055126 045289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 009722 006678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00068 TABLE 3 Future Value of an Ordinary Annuity of $1 FVA (+1 1.0% 13% 1 330301 4 40004 2.0% 2.396 10% 3396 4.0% 45% 5.0% 5.556 11.0% 12.0% 10000 1.0000 10000 10000 10000 10000 1.0000 1.0000 10000 10000 1.0000 1.0000 10000 10000 1.0000 10000 2 20100 20150 2.0300 202501 20100 2.0350 20400 20450 20500 2.0550 2.0600 20700 20800 10900 2.1000 2.1100 1.1.200 30452 3.0004 3.0756 3.0909 3.1062 3.1216 3.1370 33525 3.1680 3.1836 3.2149 3.3464 3.2781 3.3100 3.3421 33744 40909 41216 41525 41836 42140 42465 427 43101 4.3423 4.3746 4.4399 4.5061 4.5731 46410 4.7097 47793 55.1010 51523 52040 52563 5.3091 33625 54163 54707 5.3256 5.5811 5.6371 5.7507 3.1666 59047 61051 6.3278 6.0% 7.0% 8.0% 9.096 100% 20.096 10000 1.0000 1.2000 36400 5.3680 6353 7.4416 . 41530 6.2296 63081 63877 6.4654 6.5502 ATION 6.9755 7.3533 7 72135 7.3230 74343 75474 76625 7.7794 7.89 0192 1420 $ 8.3857 84328 5810 7361 9 92142 9.3685 95593 9.7545 9.9545 10.1591 10.3685 10.5828 10 104672 10 7027 10.9497 11.2034 11 4639 11.7314 12 0061 90517 10 021 3938 93800 93491 97216 98975 11.0200 11:256) 114913 125779 128754 2669 6540 102598 11.9780 11.4359 7.3359 7.5233 7.7154 9228 92004 9.4872 97833 10.0890 10 6366 11.0285 79129 KIS 29159 13.8164 14.4866 15.1929 12.4876 13.0210 115795 14.1640 147757 159174 16.7220 175487 0989 11 11.5668 11.3633 12.1487 12.4535 12.8078 15.1420 13.4564 12 126825 130412 13.4121 13.7956 14.1920 14.6020 15.0258 13 13.8093 14 2368 14 6803 15.1404 15.5178 16.1130 16.6268 14 149474 154504 159739 165190 17.0063 17.6770 18.2919 15 16 0909 16.6821 17.2934 179319 18.5989 19.2957 200236 133412 15.4640 14.206 17.1599 17.7130 16.3856 18.280 14.5835 14.9716 199 18.9321 20.7841 215786 30.2936 22 4087 15.7836 16.6455 17.5603 18.5312 19.35614 204540 32.1504 17 189771 201407 21.3843 22.7132 24.333 33805 201406 21.4953 22.9534 245227 26.2116 280291 24 BES 225505 24.2149 260192 279750 300949 12.1928 232760 25.1290 27.1521 29.3009 31.7725 34.4054 37.2797 44966 1959 201 16 17.2579 17.9334 18.6393 19.3802 20.1569 209710 11.8245 17 184304 19.2014 200121 20.1647 217616 22.7050 236975 18 19.6147 204894 214123 22.3863 234144 24.4997 256454 19 208109 21.7967 228406 239460 25 1169 26.3572 276712 20 22.0190 211237 242974 25.5447 26.8704 282797 29.7781 22.7193 24.7417 268551 281324 290636 30.3390 313714 13.0000 321027 34) 23.4575 34.6411 25.6725 27.3583 255404 269964 30 8402 382129 33.7502 359737 29.4812 30.9057 31.9990 41.3013 37.4502 X3.7000 37.3790 41.4463 460185 36.7856 40.9955 45.7620 511001 30.3243 33.0034 35.9497 44.5008 40.5447 45.5992 503959 39.1899 42.7533 44 51.1591 572750 488837 55.7497 569395 634397 6420 105 9306 128.1167 1547400 720534 184 6480 33.7833 61.0071 35.7195 664385 37.7843 724355 39.9927 790582 44.3653 50.4229 56.7645 64.0025 72.2651 KL6987 225.0256 944008 113.2832 1363075 164.4940 199.0209 241.3327 111.8816 21 232392 24.4705 25.7833 27.1833 18.4765 30.2695 31.9692 30 347549 37.5387 40.5681 439027 475754 51.6227 56.0049 40 488564 54.2679 60 4020 674026 75-4013 $45503 950355 107 001 120 7998 136 6056 154 7630 199 6351 259 0565 1378824 442.5926 581261 7670914 73458378 TABLE 4 Present Value of an Ordinary Annuity of $1 PVA 1- 1 AT 1.0% 1.5% 2.0% 1 0.99010 0.98522 2 197040 1955 2.596 098039 097561 0.9708 194156 192742 19047 3.09 3.5% 096618 60% 7.0% 50 13 3 2.94099 291220 23 28560 4 3.90197 3.85438 31077 376197 5 435343 4.78204 471346 464583 X71710 451971 80164 277509 74896 3.67308 3.62993 451505 44512 4389 20% 4.3% 5.016 85% 9.0% 10.0% 11.0% 12.0% 20.01 096154 0.9560 095238 0.34787 094340 09345 092593 091743 090909 090090 0,89284 083113 1.34632 183339 1.80802 1.76126 3.25911 373554 171252 100005152778 2.72325 209793 1.67301 2.62432 257710 251129 24485 244371 2.40185 210648 354595 350515 3.46511 3.38721 331213 323972 336957 310245 301735 25887) 4294 42700 421236 410020 399271 X88965 79079 349590 3.60478 2.99061 80% 6 5.79548 7 6.72819 3 7.65168 9 10 5.49719 5.60143 5.50813 5.41719 6.59421) 647199 6.34939 623028 7.48593 732548 717014 701969 8.56602 36052 16224 797057 7.78611 947130 922218 98259 875206 8.53020 726879 791272 532858 5.24214 5.1578 507569 499553 491732 4.76654 462258 6.11454 600205 339270 578637 56829 558238 538929 5.20637 637396 1274 64631 631457 620929 597130 5.74604 76079 243533 710782 695220 630100 651523 6.24689 31601 11090 136009 7035 671000 221253870 75685 951421 11 10.36763 10.07112 9.25363 900155 12 11.25508 1090251 10.57534 10:25776 995400 966333 938507 876045 5289 30441 09254 4152 13 1213374 1173153 1134837 10.98319 1063496 1030274 938565 94 14 1100370 12.54138 12.10625 11.69091 1129607 1092052 1056312 1022283 996 15 13.86505 13.34323 1284926 12.38138 11.93794 1151741 31119 10.73955 1037966 10 03758 971225910791 929498 74547 749567 713 7.94269 753608 35765 790178 324424 5594 16 1471787 14.13126 13.57771 1305500 12.56110 1209412 116230 2225402 10.81771 10.40214 10.105 17 2556225 14.90705 14.29187 33 71220 13.16612 1245132 1234567 1270719 11.27407 10 86461 1047726 18 1639827 15 67256 1499203 14.35336 1375151 11.18968 1285930 1215999 11.68959 11.24607 108760 10 05909 19 17.22601 1642017 15.87546 14.97889 14.32380 1370984 113394 12.39329 12.08532 11.40765 1115812 10.31560 1804555 17.1664 16.35143 1558916 1487747 1421240 1330033 11.00794 1246221 1195038 1144992 10.59401 976322 20 5137 9.12104 9.17189 960360 981815 445592 435524 423054 411141 332551 503295 8840 471220 456176 3.60459 553482 533493 534612 96764 383716 599525 575902 553705 532825 403002 641766 614457588923 565022 4.19247 6.50519 649504 6.30452 593779 4.32706 7.16073 681309 649216 6 19437 449921 745090 7.10334 674987 642155 45320 7.78615 73669 698187 662817 4.61057 06069 760008 119087 6.81086 407543 31254 782371 7.37914 697399 472956 54363 02155 154879 7.11963 477465 75563 20141 770162 124967 48121 95011 836492 783929 7.36578 4.84350 912855 51356 796131 744944 43005 21 18.85498 17.90014 17.01121 16.18455 1541502 14.49797 14.02916 13.40472 12.92115 12.27524 11.76408 10.1553 10.01630 9.29224 1.64369 5.07507 7.56200 4.39132 25 2202316 20.71961 1952346 1842438 17.41315 1848151 152208 14 21 1409394 1141395 1278136 11.65358 1067475 98225 907704 842174 784314 494759 30 25 30771 24.01504 22 396-46 20.93029 19.60044 1.39205 17 29203 16283537245 1453375 13.76483 12.40904 11.25778 10.27565 942691 869379 805518 497894 40 32.83469 2991585 27.35548 25.10278 23.11477 2135507 19.79177 140158 17.15909 1004612 15.04630 13.33171 1192461 10.75736 9.77905 95105 $24375 4.99000 TABLE 5 Future Value of an Annuity Due of $1 (+ FVAD- (1+1) 10% 1.3% 2.0%6 2.3% 3.0% 3.596 4.0% 4.3% 5.0%6 5.396 6094 7.0% 2.0% 90% 100% 11% 12.0% 10.04 1 1.0100 1.0150 2 30301 2.106) 2.1216 4 5 51520 52296 5.3081 53877 54554 1.0000 1.0250 10300 10350 10400 1.0450 1.0500 1.0550 10600 1.0700 20452 20004 2.0756 2009 3.0004 3.0909 3.1216 3.1525 3.1836 32149 3.2465 4.1010 4.1323 4.2040 42563 4.3091 4.3625 44165 55502 1.0800 10900 11000 11100 1.1200 1.2000 5.6330 4.4707 5.7109 21170 2.1525 2.1680 2.1636 23149 2.2464 227 23100 32782 3.3101 3.3423 1.3746 34399 3.5061 3.5731 36410 3.709 43256 4.5811 4.6371 4.7507 4.3666 4.9847 5.1051 52278 38019 58881 59753 6.1533 6.3359 63211 67156 69129 7.1152 2.3431 23144 2.0400 37791 43680 53520 6.4418 6626 6 6.2135 6.3230 6.4343 6.5474 6.8425 67794 69 772857 74328 75830 7.7361 7.8923 0517 2142 8.3685 8.5593 8.7546 1.9545 9.1591 93685 9.5828 994622 9.7027 9.9497 10.2034 10 4639 10.7314 110061 10 10.5668 10.8633 11.167 11.4835 11 8078 12.1420 124864 12.8412 7.0192 73430 7.2009 8.3800 85491 7216 9.8021 10.0266 102563 11.5779 118754 13.2048 1.3935 10.4913 74540 975 9.2598 96366 10.9780 11.4876 12.0210 12.5795 131640 117751 12.180 128164 13.4866 14.1929 149374 15.7220 165487 13.9716 147836 15.6455 163603 17.5312 183614 19546 8.2004 8.4872 11.9199 10.0285 10.4559 108394 11.2997 15.4991 7811 9.889 197989 249587 31.1504 11 11.6825 11.0412 114121 12.7956 13.1920 15.6020 14.0258 12 12.8093 11.2368 13.6803 14.1404 14.0178 15.11.30 15.6268 13 13.9474 144504 14.9739 15.5190 16 0863 16.6770 17.2919 14 15.0969 15 6821 16.2934 16.9319 17.5929 18.2957 19.0236 15 16.2579 169324 176993 18.3802 19.1569 19.9710 20345 14.4640 10.1599 167130 19.2926 17.9321 185986 19.7841 20.3786 21407 21.7193 226575 23.6411 149171 15.3854 172 11.99 16.3 17.9771 19.1407 30.3843 11.7132 178821 19.1400 204953 21.9554 253227 25.2118 20.0151 21.5505 232149 25.0192 269750 290949 31.3926 222760 241290 26.1521 28.3609 30.7725 33.4054 362797 146735 26.5881 29.3343 32 0034 34.9497 381899 41.7333 23. 38505 210291 47.4966 58 1959 71035 4421 14 174304 18.2014 19.8121 19.5647 20.7614 11.7050 22.4975 23.7417 34.5404 17 186147 194894 204123 21.3863 224144 23 4997 246454 258551 27.1334 18 19.8109 20.7967 21.5406 22.9460 341169 253372 26.6712 280636 29.5390 19 21 0190 221237 23.2974 24.5447 258704 27.2797 28.7781 30.3714 20 22.2392 23.4705 34.7833 26.1833 276765 29.2495 30.992 32.7831 32.0660 34.7193 36.7861 31 15.9964 27.2129 29.3402 32.7503 35.9737 39.5447 43.500 4737 104.9106 284812 299057 32.9990 364502 40.3013 44.5992 49.3959 54.7497 1271167 31.1027 32.7600 36.3790 40.4463 450185 30.1391 55.9395 824397 153.400 35.7856 399955 447620 501001 56.2750 63.2008 710534 1856880 38.9927 49.4229 557645 63.0025 71.3011 00972240256 21 21.4716 24.3376 26.1990 27.5429 29.5368 31.3209 33340 25 285256 305140 32.6709 35.0117 37.5530 40.3131 433117 30 351327 18.1018 41.3794 45 0003 49 0027 53.4295 58.3283 40 49.3752 55.0819 61.6100 69.0876 77.6633 87.5095365 35.3054 37.5052 39.3645 46.570 50.1135 539660 63.7524 69.7606 75.4194 1118467 1268390 144 1189 42.3923 48.0057 54.4548 61.3733 70.4027 80.2143 $1.5024 2708307 38.1564 876765 789544 92.3240 108 1818 1269948 149.3339 566 3773 818017 1010730 122.3459 148.5752 1809434 2209132 2702926 14182579 164.0477 213 6096 279.7810 168.2919 4863518 645 209 59.1434 8812424 TABLE 6 Present Value of an Annuity Due of $1 PVAD- (2+1) 10% 13% 2.0% 2.5% 3.0% 3.596 4.0%6 1 1.00000 1.00000 2 199010 1.98532 3 297040 2.95588 100000 1.90039 294156 4354099 3 3.91220 490197 485438 4.5% 5396 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 197561 197087 1.96618 196154 195694 1.95238 194767 194340 3.93742 291347 28990 288609 287367 285941) 284612 283339 3.8838 3.85602 3.82861 3.80164 377509 374896 3.72325 3.09795 367301 4,60773 4.79197 4.71710 46730 4.62990 4.58753 4.54595 4.50545 4.46511 5.0% 6.0% 8.0% 1.00000 70% 9.0% 1.00000 100000 193458 1.92593 1.91743 2.80802 2.78336 275911 3.42432 3.57710 333129 438721 43121) 423972 10.0% 11.0% 12.0% 20.0% 100000 100000 100000 100000 190909 190090 189286 1.33333 275554 271252 269005 25377 3.4065 3.44371 340153 310648 410987 410345 403735 35887 7 650813 . 535343 5.78364 5.71346 5.64583 5.57971 5.51505 5.45183 5.38998 5.32948 5.37038 6.79548 6.69719 600143 641719 6.32855 624214 615787 1607569 199553 591733 772819 7.59821 747199 7.34939 723038 7.11454 700205 689270 6.78637 664297 638238 845168 48593 832548 17014 01909 787396 7.73274 739589 746321 733437 7.30979 10 956602 930052 9.16224 3708778611 007643533 8.36679 10783 195220 780109 5.10010 49927 376654 562288 4.30945 697130 479079 449190 440478 PO 535526 123054 531141 432551 620637 603295 586842 5.71220 5.36376440459 674664 43349) 614612 596764 483718 734689 699525 675902 653705 632825 50309) 11 10.47130 10.22215 9.33461 9.1109 12 1136763 11.07112 10.78685 10.51421 10.25262 10.00155 978048 13 12:25508 11.90751 11.57534 11.25776 1095400 1066333 10 38507 14 1333374 12.73153 12.34837 119318 1163496 11.30274 1098565 15 1400370 11.54338 11.10625 12.09091 12.29607 11 92052 11 54312 72173 8.53763 34009 9.30641 900254 7.71 10 11858 10 68285 10.39357 11.22283 10 89064 961853 9.38384 10.1170 985268 10.58965 10.29496 974547 9430 13M 8330 90178 924424 46090 78415 7.41764 7.34457 638925 645022 53934 780519 749506 730612 93770 1.32706 10075 781309 149236 719437 543922 101 71487 742355 15 830009 717 717 56105 16 14.36505 14.34323 13.34926 15.38138 12.93794 11.51741 12.11839 11.73955 11.37964 17 15.71787 15.13126 14.57771 14.05500 13.56110 13.09412 1265230 1223402 11.83777 18 1658225 15.90765 13.29187 14.71220 1416612 13.65132 1316567 12.70719 12.27401 19 17.39827 1687256 11.99203 15.35336 14.75351 14.18908 13.03930 13.15999 1268959 20 1822601 1742617 16.67546 1597389 15.32380 14.70904 14.13394 1159129 1308532 11.03758 10.71225 10.30791 9.55048 9.00069 11.46216 11 10590 1044065 985137 9.31236 11.86461 1147726 10.70322 10.12164 5.34365 1224007 11.82760 11.05909 10.371 5.35563 12 60765 12.15812 11.33500 1000360 95011 8.40608 19087 731986 547547 182371 37918 7.97399 572956 9.02155854879 11963 5.71463 9.20141 870162 824967 331719 9.364923929 38578 544110 21 19.84555 18.16064 17.35143 16.50916 15.87747 15.21340 14.50033 14.00794 13.46221 1195038 11.46992 11.59401 10.81815 10.12855 9.51354 96333 44944 534958 25 2224599 21.03041 19.91393 185499 17.93554 17.05837 1624696 15.49548 14.79864 14.15170 13.55036 12.46933 11.52876 1070661 555474 9.34814 75432 595710 30 26 06579 24.37608 22.84438 21.45355 20.18845 1903577 17.9371 17.02189 16 14107 15.33310 14.39072 13.27767 12.15841 11.19628 10.38961 945011902181 597472 40 33.16303 30.36458 27.90259 25.75034 23.80822 22.10250 2050448 19.22966 18.01704 1692806 1594907 1426493 12.87858 11.72552 1075096 933563 921303 599192