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Below are the Present Value Tables needed for this problem: Table 6-4 Present Value of an Ordinary Annuity of 1 8% 9% 10% 11%
Below are the Present Value Tables needed for this problem: Table 6-4 Present Value of an Ordinary Annuity of 1 8% 9% 10% 11% 12% 15% (n) Periods .92593 .91743 .90909 .90090 .89286 .86957 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 12345 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 10 68119 7 Table 6-2 Present Value of 1 (n) 8% 9% 10% 11% 12% 15% Periods .92593 .91743 .90909 .90090 .89286 .86957 .85734 .84168 .82645 .81162 .79719 .75614 .79383 .77218 .75132 .73119 .71178 .65752 .73503 .70843 .68301 .65873 .63552 .57175 .68058 .64993 .62092 .59345 .56743 .49718 1234 10 5 .63017 .59627 .56447 .53464 .50663 .43233 .58349 .54703 .51316 .48166 45235 .37594 .54027 .50187 .46651 .43393 .40388 .32690 .50025 46043 .42410 .39092 .36061 .28426 .46319 .42241 .38554 .35218 .32197 .24719 10 68119
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