Data Table . Option #1: $12,000,000 after five years Option #2: $2,150,000 per year for five years Option #3: $10,000,000 after three years - X i Reference Present Value of $1 6% 0.943 0.890 0.840 0.792 0.747 7% 0.935 0.873 0.816 0.763 0.713 8% 0.926 0.857 0.794 0.735 0.681 9% 10% 0.917 0.909 0.8420.826 0.772 0.751 0.708 0.683 0.650 0.621 12% 0.893 0.797 0.712 0.636 0.567 14% 0.877 0.769 0.675 0.592 0.519 15% 16% 18% 20% 0.870 0.862 0.847 0.833 0.756 0.743 0.7180.694 0.658 0.641 0.609 0.579 0.572 0.5520.516 0.482 0.497 0.476 0.437 0.402 Periods 1% 2% 3% 4% 5% Period 1 0.990 0.980 0.971 0.962 0.952 Period 2 0.980 0.961 0.943 0.925 0.907 Period 3 0.971 0.942 0.915 0.889 0.864 Period 4 0.961 0.924 0.888 0.855 0.823 Period 5 0.951 0.906 0.863 0.822 0.784 Period 6 0.942 0.888 0.837 0.790 0.746 Period 7 0.933 0.871 0.813 0.760 0.711 Period 8 0.923 0.853 0.789 0.731 0.677 Period 9 0.914 0.837 0.766 0.703 0.645 Period 10 0.905 0.820 0.744 0.676 0.614 Period 11 0.896 0.804 0.722 0.650 0.585 Period 12 0.887 0.788 0.701 0.625 0.557 Period 13 0.879 0.773 0.681 0.601 0.530 Period 14 0.870 0.758 0.661 0.577 0.505 Period 15 10 861 / 0 743 0642 555 1 0 481 0.705 0.665 0.627 0.592 0.558 0.666 0.623 0.582 0.544 0.508 0.630 0.583 0.540 0.500 0.463 0.596 0.564 0.547 0.513 0.502 0.467 0.460 0.424 0.422 0.386 0.507 0.452 0.404 0.361 0.322 0.456 0.400 0.351 0.308 0.270 0.432 0.410 0.370 0.335 0.376 0.354 0.314 0.279 0.327 0.305 0.266 0.233 0.284 0.263 0.225 0.194 0.247 0.227 0.191 0.162 0.527 0.497 0.469 0.442 0417 0.475 0.444 0.415 0.388 0 362 0.429 0.397 0.368 0.340 0315 0.388 0.350 0.287 0.356 0.319 | 0.257 0.326 0.290 0.229 0.299 0.263 0.205 0275 11 230 183 0.237 0.208 0.182 0.160 0 140 0.215 0.1950.162 0.135 0.187 0.168 0.137 0.112 0.163 0.145 0.116 0.093 0.141 0.125 0.099 0.078 n 123 10 108 0084 0065 Period 16 0.853 0.7280.623 0.534 0.458 Period 17 0.844 0.714 0.605 0.513 0.436 Period 18 0.836 0.700 0.587 0.494 0.416 Period 19 0.828 0.686 0.570 0.475 0.396 Period 20 0.820 0.673 0.554 0.456 0.377 0.394 0.371 0.350 0.331 0.312 0.339 0.317 0.296 0.277 0.258 0.292 0.270 0.250 0.232 0.215 0.252 0.218 0.163 0.231 0.198 0.146 0.212 0.180 0.130 0.194 0.164 0.116 0.178 0.149 0.104 0.123 0.107 0.108 0.093 0.095 0.081 0.083 0.070 0.073 0.061 0.093 0.071 0.054 0.080 0.060 0.045 0.069 0.051 0.038 0.060 0.043 0.031 0.051 0.037 0.026 0.242 0.226 0.211 0.197 0.184 0.199 0.184 0.170 0.158 0.146 0.164 0.135 0.093 0.150 0.123 0.083 0.138 0.112 0.074 0.126 0.102 0.066 0.116 0.092 0.059 0.064 0.053 0.044 0.031 0.022 0.056 0.046 0.038 0.026 0.018 0.049 0.040 0.033 0.022 0.015 0.043 0.035 0.028 0.019 0.013 0.038 0.030 0.024 0.0160.010 Period 21 0.811 0.660 0.538 0.439 0.359 0.294 Period 22 0.803 0.647 0.522 0.422 0.342 0.278 Period 23 0.795 0.634 0.507 0.406 0.326 0.262 Period 24 0.788 0.622 0.492 0.390 0.310 0.247 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 Period 26 0.772 0.598 0.464 0.361 0.281 0.220 Period 27 0.764 0.586 0.450 0.347 0.268 0.207 Period 28 0.757 0.574 0.437 0.333 0.255 0.196 Period 29 0.7490.563 0.424 0.321 0.243 0.185 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 Period 50 0.608 0.372 0.228 0.141 0.087 0.054 0.172 0.161 0.150 0.141 0.131 0.135 0.125 0.116 0.107 0.099 0.106 0.084 0.053 0.033 0.026 0.021 0.014 0.009 0.098 0.076 0.047 0.029 0.023 0.018 0.011 0.007 0.090 0.069 0.042 0.026 0.020 0.016 0.010 0.006 0.082 0.063 0.037 0.022 0.017 0.014 0.008 0.005 0.075 0.057 0.033 0.0200.015 0.012 0.007 0.004 0.067 0.046 0.032 0.022 0.011 0.005 0.004 0.003 0.001 0.001 0.034 0.021 0.013 0.009 0.003 0.001 0.001 0.001 Future Value of $1 3% 6% 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 4% 5% 7% 8% 9% 10% 12% 14% 15% 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 | 1.150 1.061 1.0821.103 1.124 1.145 1.166 | 1.1881.210 1.254 1.300 1.323 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.126 1.170 | 1.216 1.2621.311 1.360 1.412 1.464 1.574 1.689 1.749 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.1952.313 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2660 1.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.305 1.423 | 1551 1.689 1.838 1.999 2.1722358 2.773 3.252 3.518 1.344 1.480 1.629 1.791 1.967 2.159 2.3672594 3.106 3.707 4.046 1.062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 1.539 1.710 1.898 2.105 2.332 2.580 2.853 1.601 | 1.796 2.012 2.252 2.518 2.813 3.138 1.665 1.886 2.133 2.410 2.720 3.066 3.452 1.732 1.980 2.261 2.579 2.937 3.342 3.798 1.801 2.079 2.3972.759 3.172 3.642 4.177 3.479 4.226 4652 3.896 4.818 5.350 4.363 5.492 6.153 4.887 6.261 7.076 5.474 7.1388.137 1.173 1.184 1.373 1.400 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 1.653 1.948 2.292 2.6933.159 3.700 4.328 5.054 6.130 8.1379.358 6.866 9.276 10.76 1.196 1.208 1.220 1.232 1.245 1.257 1.270 1.282 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 Period 26 Period 27 Period 28 Period 29 Period 30 Period 40 Period 50 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.1426.116 8.613 12.06 14.23 1.486 1.806 2.1912.653 3.207 3.870 4.661 5.6046.727 9.646 13.74 | 16:37 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 1.577 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24.89 1.608 2.033 2.563 3.225 4.049 5.0726.341 7.911 9.850 15.18 23.21 | 28.63 1.641 2.094 2.666 3.386 4.2925.427 6.848 8.623 10.83 17.00 26.46 | 32.92 1.673 2.157 2.772 3.556 4.549 5.8077.396 9.399 11.92 19.04 30.1737.86 1.707 2.221 2.883 3.733 4.822 6.214 7.988 10.25 13.11 21.32 34.39 | 43.54 1.741 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14.42 | 23.88 39.20 50.07 1.776 2.357 3.119 4.116 5.418 7.114 9.317 12.17 15.86 26.75 44.69 57.58 1.811 2.427 3.243 4.322 5.743 7.612 10.06 13.27 17.45 29.96 50.95 66.21 1.295 1.308 1.321 1.335 1.348 1.489 2.208 3.262 4.801 7.040 10.29 14.97 21.72 31.41 45.26 93.05 188.9 267.9 1.645 2.692 4.384 7.107 11.47 18.42 29.46 46.90 74.36 117,4 289.0 700.21,084 1% 2% 0.990 0.980 1.970 1.942 2.941 2.884 3.902 3.808 4.853 4.713 3% 0.971 1.913 2.829 3.717 4.580 4% 0.962 1.886 2.775 3.630 4.452 Present Value of Ordinary Annuity of $1 5% 6% 7% 8% 9% 10% 0.952 0.943 0.935 0.926 0.917 0.909 1.859 1.833 1.808 1.783 1.759 1.736 2.723 2.673 2.624 2.577 2.531 2.487 3.546 3.465 3.387 3.312 3.240 3.170 4.329 4 212 4 100 3.993 3.890 3.791 12% 14% 15% 0.893 0.877 0.870 1.690 1.647 1.626 2.402 2.322 2.283 3.037 2.914 2.855 3.605 3.433 3.352 16% 0.862 1.605 2.246 2.798 3.274 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 18% 20% 0.847 0.833 1.566 1.528 2.174 2.106 2.690 2.589 3.127 2.991 3.498 3.326 3.812 3.605 4.078 3.837 4.303 4.031 4.494 4.192 5.795 5.601 6.728 6.472 7.652 7.325 8.566 8.162 9.471 8.983 5.417 6.230 7.020 7.786 8.530 5.242 6.002 6.733 7.435 8.111 5.076 4.917 4.767 4.623 4.4864.355 5.786 5.582 5.389 5.206 5.033 4.868 6.463 6.210 5.971 5.747 5.535 5.335 7.108 6.802 6.515 6.247 5.995 5.759 7.722 7.360 7.024 6.710 6.418 6.145 4.111 3.889 3.784 4.564 4.288 4.160 4.9684.639 4.487 5.328 4.946 4.772 5.6505.216 5.019 3.685 4039 4 344 4.607 4.833 10.368 | 9.787 9.253 8.760 8.306 7.887 7.499 11.255 10.575 9.954 9.385 8.863 8.384 7.943 12.134 | 11.348 10.635 | 9.986 9.394 8.853 8.358 13.004 | 12.106 | 11.296 | 10.563 9.899 9.295 8.745 13.865 12.849 11.938 11.118 10.3809712 9.108 14.718 13.578 | 12.561 11.652 10.838 10.106 9.447 15.562 14.292 | 13.166 | 12.166 11.274 10.477 9.763 7.139 6.805 6.495 7.5367.161 6.814 7.904 7.487 7.103 8.244 7.786 7.367 8.559 8.061 7.606 5.938 5.453 5.234 6.194 5.660 5.421 6.424 5.842 5.583 6.628 6.002 5.724 6.811 6.142 5.847 5.029 5.197 5.342 5.468 5.575 4.656 4.327 4.793 4.439 4.910 4.533 5.008 4.611 5.092 4.675 8.851 8.313 7.824 9.122 8.544 8.022 6.974 6.265 5.954 7.120 6.373 6.047 5.669 5.749 5.162 5.222 4.730 4.775 7.250 6.467 7.366 6.550 7.4696.623 6.128 6.198 6.259 5.818 5.877 5.929 5.273 4.812 5.316 4.844 5.353 4.870 Period 18 16.398 14.992 | 13.754 12.659 11.690 10.828 10.059 9.3728.756 8.201 Period 19 17.226 15.678 14 324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 Period 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 Period 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.5808.883 Period 24 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 Period 25 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.8239.077 Period 26 22.795 20.121 | 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 Period 27 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 Period 28 24.316 21.281 18.764 16.663 14.898 13.406 12. 137 11.051 10.116 9.307 Period 29 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11.158 10.1989.370 Period 30 25.808 22.396 | 19.600 17.292 15.372 13.765 12.409 | 11.258 10.2749.427 7.562 6.687 6.312 7.645 6.743 6.359 7.718 6.792 6.399 7.784 6.835 6.434 7.843 6.873 6.464 5.973 6.011 6.044 6.073 6.097 5.384 4.891 5.410 4.909 5.432 4.925 5.451 4.937 5.467 4 948 7.896 6.906 6.491 7.943 6.935 6.514 7.984 6.961 6.534 8.022 6.983 6.551 8.055 7.003 6.566 6.118 6.136 6.152 6.166 6.177 5.480 4.956 5.4924.964 5.5024.970 5.510 4.975 5.517 4.979 Period 40 32.835 27.355 23.115 | 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.244 7.105 6.642 6.233 5.548 4.997 Period 50 39.196 | 31.424 25.730 21.482 18.256 15.762 13.801 | 12.233 10.962 9.915 8.304 7.133 6.661 6.246 5.554 4.999 Future Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2020 2030 2040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 3.030 3.060 3.091 3.122 3.153 3.184 3.215 3.246 | 3.278 3.310 3.374 4.060 4.122 4.1844.246 4.310 4.375 4.440 4.506 4.573 4.641 4.779 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.105 6.353 14% 15% 1.000 1.000 2.140 2.150 3.440 3.473 4.921 4.993 6.610 6.742 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 6.152 6.308 6.468 6.633 6.802 6.975 7.1537.3367.523 7.716 8.115 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.9239.2009.487 10.09 8.286 8.5838.8929.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 10.46 10.95 11.46 | 12.01 12.58 13.18 13.82 14.49 15.1915.94 17.55 8.536 8.754 10.73 11.07 13.23 13.73 16.09 16.79 19.34 20.30 11.57 12.17 12.81 | 13.49 14.21 12.68 | 13.41 14.19 15.03 15.92 13.81 14.68 | 15.62 16.63 17.71 14.95 15.97 17.09 | 18.29 19.60 16.10 17.29 18.60 20.02 21.58 14.97 16.87 18.88 21.02 23.28 15.78 16.65 17.56 18.53 | 20.65 17.89 18.98 20.14 21.38 24.13 20.14 21.50 22.95 24.52 28.03 22.55 24.21 26.02 27.98 32.39 25.13 | 27.15 29.36 | 31.77 37.28 23.0424.35 27.27 | 29.00 32.09 34 35 37.58 40.50 43.8447.58 Period 16 Period 17 17.26 18.64 20.16 21.82 | 23.66 18.43 20.01 21.76 | 23.70 25.84 25.67 28.21 27.89 | 30.3233.00 35.95 30.84 33.75 | 36.97 40.54 42.75 50.98 55.72 48.88 59.12 65.08 19.61 21.41 23.41 25.65 28.13 20.81 22.84 25.12 27.67 30.54 22.02 24.30 26.87 29.78 33.07 30.91 33.76 36.79 34.00 37.45 | 41.30 45.60 55.75 68.39 75.84 37.38 41.45 46.02 51.16 63.44 | 78.97 88.21 41.00 45.76 51.16 57.28 72.05 | 91.02 102.4 23.24 25.78 28.68 31.97 35.72 24.47 27.30 30.5434.25 38.51 25.72 28.85 32.45 36.62 41.43 26.97 30.42 34.43 39.08 44.50 28.24 32.03 36.46 | 41.65 47.73 39.99 43.39 47.00 50.82 54.86 44.87 50.42 56.76 64.00 | 81.70 104.8 118.8 49.01 55.46 62.87 71.40 | 92.50 120.4 137.6 53.4460.89 69.53 79.54 104.6138.3 159.3 58.18 66.76 | 76.7988.50 118.2 158.7 1842 63.25 73.11 84.70 98.35133.3 181.9 212.8 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 Period 26 Period 27 Period 28 Period 29 Period 30 Period 40 Period 50 29.53 33.67 38.5544.31 / 51.11 59.16 30.82 35.3440.71 47.08 54.67 63.71 32.13 37.05 42.93 49.97 | 58.40 68.53 33.45 38.79 45.22 52.97 62.3273.64 34.78 40.57 47.58 | 56.08 66.44 79.06 68.68 | 79.95 | 93.32 109.2 150.3 | 208.3 245.7 74.48 87.35 102.7 121.1 169.4 238.5 283.6 80.70 95.34 113.0 134.2 190.7 272.9 327.1 87.35 104.0 | 124.1 148.6 | 214.6 312.1 377.2 94.46 | 113.3 136.3 164.5 241.3356.8 434.7 48.8960.4075.40 95.03 120.8 154.8 199.6 259.1 337.9 | 442.6767.1 1,342 1,779 406.5 573.8 815.1 1,164 2,400 4,995 7,218 64.46 84.58 112.8 152.7 | 209.3 290.3