E Question Help Gipin Manufacturing, Inc. has a manufacturing machine that needs attention Click the icon to view addional information) Gipin expects the folowing net cash inflows from the two options: (Click the icon to view the net cash flows.) Gipin uses straight-line depreciation and requires an annual retum of 14% (Click the loon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of State) (Click the icon to view Future Value of $1 table) (Click the loon to view Future Value of Ordinary Annuity of $1 table) Read the recent Requirement 1. Compute the payback, the ARR, the NPV and the profility index of these two options Compute the payback for both options. Begin by completing the payback schedule for Option 1 (refurbish) Net Cash Outflows Net Cash inflows Amount invested Annual Accumulated 0 $ 2,000,000 1 2 3 5 6 7 Choose from any list or enter any number in the input fields and then continue to the next question I Question Ho Glpin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information) Gipin expects the following net cash inflows from the two options: (Click the loon to view the net cash flows.) Gipin uses straight-line depreciation and requires an annual retum of 14% (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table) (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of $1 table) Read the requirements (Round your answer to one decimal place) an The payback for Option 1 refurbish current machine) is Now complete the payback schedule for Option 2 (purchase) Net Cash Outfows Net Cash Infows Amount invested Annual Accumulated 0 S 4.400.000 Year 1 2 Choose from any list or enter any number in the input fields and then continue to the next question = Question Help o Gilpin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view adesional information) Gilpin expects the following net cash inflows from the two options (Click the icon to view the net cash flows.) Gipin uses straight-line depreciation and requires an annual retum of 14% (Click the icon to view Present Value of table) (Click the loon to view Present Value of Ordinary Annuity of 51 table) (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of $1 table Read the requirements Year Annual Accumulated Amount Invested 4,400,000 D $ 2 3 4 5 6 7 B 9 10 Choose from any list or enter any number in the input fields and then continue to the next question III Gipin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information) Gilpin expects the following net cash inflows from the two options: (Click the icon to view the net cash flows.) Gipin uses straight-line depreciation and requires an annual return of 14% (Click the loon to view Present Value of $1 table) (Click the loon to view Present Value of Ordinary Annuity of $1 table) (Click the loon to view Future Value of $1 table) (Click the loon to view Future Value of Ordinary Annuity of $1 table) Read the requirements (Round your answer to one decimal place.) The payback for Option 2 purchase new machine) is years Compute the ARR (accounting rate of retum) for each of the options. ARR Refurbish Purchase Compute the NPV for each of the options. Begin with Option 1 (refurbish) (Enter the factors to three decimal places. X.XXX. Use parentheses or a minus sign for a negative net present value) PV Factor Net Cash Inflow Present Value Years Present value of each year's inflow in = 1) 1 Choose from any list or enter any number in the input fields and then continue to the next question Gipin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information.) Gipin expects the following net cash inflows from the two options: IF (Click the icon to view the net cash flows.) Gilpin uses straight-line depreciation and requires an annual rebum of 14% (Click the loon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table) (Click the icon to view Future Value of $1 table.) (Click the loon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Net Cash PV Factor Present Value Years Inflow (i-14%) 1 Present value of each year's inflow In 1) (n=2) (n = 3) 2. 3 6 In 5) (n = 6) (n=7) (n = 8) Total PV of cash inflows 8 Choose from any list or enter any number in the input fields and then continue to the next question Gilpin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information) Gilpin expects the following net cash inflows from the two options: III (Click the icon to view the net cash flows.) Gipin uses straight-line depreciation and requires an annual retum of 14% (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table. (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements 1 2 (n = 1) In 2) (n = 3) 3 4 5 6 7 (n = 5) in = 6) (n=7) (n=8) Total PV of cash inflows Initial investment 0 Net present value of the project Now compute the NPV for Option 2 (purchase) (Enter the factors to three decimal places. XXXX. Use parentheses or a minus sign for a negative net present value.) Choose from any list or enter any number in the input fields and then continue to the next question Gilpin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information.) Gipin expects the following net cash inflows from the two options: FFF (Click the loon to view the net cash flows) Gipin uses straighine depreciation and requires an annual return of 14% (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) 1 Read the requirements Now compute the NPV for Option 2 (purchase). (Enter the factors to three decimal places. X.XXX. Use parentheses or a minus sign for a negative net present value) Net Cash PV Factor Present Years Inflow (14%) Value Present value of each year's inflow: (n = 1) 2 (n 2 3 in 4) in = 5 (n = 6) 7 8 In8) 4 5 Choose from any list or enter any number in the input fields and then continue to the next question Beton Hep Gilpin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information) Gipin expects the following net cash inflows from the two options: (Click the icon to view the net cash flows.) Gilpin uses straight-line depreciation and requires an annual retum of 10% Click the icon to view Present of table) Click the loon to view Present Value of Ordinary Annuity of State) Click the icon to view Future Value of 51 table) (Click the icon to view Future Value of Ordinary Annuity of 51 table) Read the recements 7 in = 8) 9 10 (n = 10) Total PV of cash flows 0 Initial investment Net present value of the project Finally, compute the profitability Index for each option (Round to two decimal places XXX) Profitability Index Refurbish Choose from any list or enter any number in the input fields and then continue to the next question Question Help Gipin Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information) Gipin expects the following net cash inflows from the two options (Click the icon to view the net cash flows) Gilpin uses straight-line depreciation and requires an annual rebum of 14% (Click the icon to view Present Value of $1 table) (Click the loon to view Present Value of Ordinary Annuity of stable) Click the loon to view Future Value of $1 table) (Chee icon to view Future Value of Ordinary Annuity of State) Read the rourements 10 (n = 10) Total PV of cash inflows Inibal vestment 0 Net present value of the project Finally, compute the profitability index for each option (Round to two decimal places XXX) . Profitability Index - Refurbish Purchase Requirement 2. Which option should Gipin choose? Why? Review your answers in Requirement1 Gilpin should choose because this option has a payback period, an ARR that is the other option, a NPV and profitability indeki Choose from any list or enter any number in the input fields and then continue to the next question (Click the icon to view Present Value of $1 (Click the icon to view Present Value of O Gilpin Manufacturing, Inc. has a manufacturing machine that needs attention. (Click the icon to view additional information.) Gilpin expects the following net cash inflows from the two options: (Click the icon to view the net cash flows.) Gilpin uses straight-line depreciation and requires an annual return of 14%. (Click the icon to view Future Value of $1 (Click the icon to view Future Value of Ord More Info Data Table Year The company is considering two options. Option 1 is to refurbish the current machine at a cost of $2,000,000. If refurbished, Gilpin expects the machine to last another eight years and then have no residual value. Option 2 is to replace the machine at a cost of $4,400,000. A new machine would last 10 years and have no residual value Refurbish Current Machine Purchase New Machine 1 $ 2 3 Print Done 4 Purchase 1,480,000 $ 360,000 280,000 200,000 120,000 120,000 120,000 120,000 5 6 Requirement 2. Which option should Gilpin choose? Why? Review your answers in Requirement 1. Gilpin should choose 2,700,000 620,000 540,000 460,000 380,000 380,000 380,000 380,000 380,000 380,000 6,600,000 7 because this option has a 8 9 Choose from any list or enter any number in the input fields and then continue to the nex 10 2,800,000 $ Total Reference Periods 1 2 3 1% 0.990 0.980 0.971 0.961 0.951 2% 0.980 0.961 0.942 0.924 0.906 0.962 0.925 0.889 0.855 0.822 5% 0.952 0.907 0.864 0.823 0.784 Present Value of $1 7% 8% 9% 0.935 0.926 0.917 0.873 0.857 0.842 0.816 0.794 0.772 0.763 0.735 0.708 0.713 0.681 0.650 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 12% 0.893 0.797 0.712 0.636 0.587 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 14% 0.877 0.769 0.675 0.592 0.519 15% 0.870 0.756 0.658 0.572 0.497 16% 0.862 0.743 0.641 0.552 0.476 18% 0.847 0.718 0.609 0.516 0.437 4 20% 0.833 0.694 0.579 0.482 0.402 5 6 7 8 9 10 0.942 0.933 0.923 0.914 0.905 0.888 0.871 0.853 0.837 0.820 0.790 0.760 0.731 0.703 0.676 0.746 0.711 0.677 0.645 0.614 0.666 0.623 0.582 0.544 0.508 0.630 0.583 0.540 0.500 0.463 0.596 0.547 0.502 0.460 0.422 0.507 0.452 0.404 0.361 0.322 0.456 0.400 0.351 0.308 0.270 0.432 0.376 0.327 0.284 0.247 0.410 0.354 0.305 0.263 0.227 0.370 0.314 0.266 0.225 0.191 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.538 0.335 0.279 0.233 0.194 0.162 0.135 0.112 0.093 0.078 0.065 11 12 13 14 15 0.896 0.887 0.879 0.870 0.861 0.650 0.625 0.601 0.577 0.555 0.585 0.557 0.530 0.505 0.481 0.527 0.497 0.469 0.442 0.417 0.475 0.444 0.415 0.388 0.362 0.429 0.397 0.368 0.340 0.315 0.388 0.356 0.326 0.299 0.275 0.350 0.319 0.290 0.263 0.239 0.287 0.257 0.229 0.205 0.183 0.237 0.208 0.182 0.160 0.140 0215 0.187 0.163 0.141 0.123 0.162 0.137 0.116 0.099 0.084 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 16 17 18 19 20 0.804 0.788 0.773 0.758 0.743 0.728 0.714 0.700 0.686 0.673 0.660 0.853 0.844 0.836 0.828 0.820 0.811 0.534 0.513 0.494 0.475 0.456 0.458 0.436 0.416 0.396 0.377 0.394 0.371 0.350 0.331 0.312 0.294 0.339 0.317 0296 0.277 0.258 0.292 0.270 0.250 0.232 0.215 0.252 0.231 0.212 0.194 0.178 0.218 0.198 0.180 0.164 0.149 0.163 0.146 0.130 0.116 0.104 0.123 0.108 0.095 0.083 0.073 0.107 0.093 0.081 0.070 0.061 0.071 0.060 0.051 0.043 0.037 0.054 0.045 0.038 0.031 0.026 21 0.439 0.359 0.242 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0.031 0.022 Print Done Reference $1 table.) TU 350 U.TYT U.TOZ table.) 11 12 13 14 15 0.527 0.497 0.469 0.442 0.417 16 17 18 19 20 0.394 0.371 0.350 0.331 0.312 UND UDZU 0.744 0.070 U014 0.896 0.804 0.722 0.650 0.585 0.887 0.788 0.701 0.625 0.557 0.879 0.773 0.681 0.601 0.530 0.870 0.758 0.661 0.577 0.505 0.861 0.743 0.642 0.555 0.481 0.853 0.728 0.623 0.534 0.458 0.844 0.714 0.605 0.513 0.436 0.836 0.700 0.587 0.494 0.416 0.828 0.686 0.570 0.475 0.396 0.820 0.673 0.554 0.456 0.377 0.811 0.660 0.538 0.439 0.359 0.803 0.647 0.522 0.422 0.342 0.795 0.634 0.507 0.406 0.326 0.788 0.622 0.492 0.390 0.310 0.780 0.610 0.478 0.375 0.295 0.772 0.598 0.464 0.361 0.281 0.764 0.586 0.450 0.347 0.268 0.757 0.574 0.437 0.333 0.255 0.749 0.563 0.424 0.321 0.243 0.742 0.552 0.412 0.308 0.231 0.672 0.453 0.307 0.208 0.142 0.608 0.372 0.228 0.1410.087 0.162 0.137 0.116 0.099 0.084 0.071 0.060 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 21 22 23 24 25 26 27 28 29 30 40 0.294 0.278 0.262 0.247 0.233 0.500 4.403 1.422 2.300 UJU UZIU U.247 UZZI 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.444 0.397 0.356 0.319 0.257 0208 0.187 0.168 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.388 0.340 0.299 0.263 0.205 0.160 0.141 0.125 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.339 0.292 0.252 0.218 0.163 0.123 0.107 0.093 0.317 0.270 0.231 0.198 0.146 0.108 0.093 0.080 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.242 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0.226 0.184 0.150 0.123 0.083 0.056 0.046 0.038 0.211 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.197 0.158 0.126 0.102 0.066 0.043 0.035 0.028 0.184 0.146 0.116 0.092 0.059 0.038 0.030 0.024 0.172 0.135 0.106 0.084 0.053 0.033 0.026 0.021 0.161 0.125 0.098 0.076 0.047 0.029 0.023 0.018 0.150 0.116 0.090 0.069 0.042 0.026 0.020 0.016 0.141 0.107 0.082 0.063 0.037 0.022 0.017 0.014 0.131 0.099 0.075 0.057 0.033 0.020 0.015 0.012 0.067 0.046 0.032 0.022 0.011 0.005 0.004 0.003 0.034 0.021 0.013 0.009 0.003 0.001 0.001 0.001 0.135 0.112 0.093 0.078 0.065 0.054 0.045 0.038 0.031 0.026 0.022 0.018 0.015 0.013 0.010 0.009 0.007 0.008 0.005 0.004 0.001 0.220 0.207 0.196 0.185 0.174 0.014 0.011 0.010 0.008 0.007 0.001 0.097 0.054 50 itability ind Print Done Reference Periods 20% 2 3 4 5 14% 0.877 1.647 2.322 2.914 3.433 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 4.853 4.713 4.580 4.452 4.329 4212 4.100 3.993 3.890 3.791 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.728 6.472 6.230 6.002 5.786 5,582 5.389 5.206 5.033 4.868 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 14.718 13.578 12.561 11.652 10.838 10.1069.447 8.851 8.313 7.824 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8 201 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 15% 0.870 1.626 2 283 2.855 3.352 3.784 4.160 4.487 4.772 5.019 16% 0.862 1.605 2.246 2.798 3.274 3.685 4.039 4.344 4.607 4.833 6 7 8 9 10 18% 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 11 12 13 14 15 3.889 4.288 4.639 4.946 5.216 5.453 5.660 5.842 6.002 6.142 6.265 6.373 6.467 6.550 6.623 6.687 5.234 5.421 5.583 5.724 5.847 5.029 5.197 5.342 5.468 5.575 4.656 4.793 4.910 5.008 5.092 4.327 4.439 4.533 4.611 4.675 16 17 18 19 20 6.974 7.120 7.250 7.366 7.469 7.562 5.954 6.047 6.128 6.198 6.259 5.669 5.749 5.818 5.877 5.929 5.162 5.222 5.273 5.316 5.353 4.730 4.775 4.812 4.844 4.870 4.891 21 6.312 5.973 5.384 Print Done TU 0.903 0.330 O.IT 7.12Z T.JOU 7.024 0.7 TU 0.410 0.143 J.050 J.ZTD 3.UTY 4.035 4.494 4.192 7.536 11 12 13 14 15 4.327 4.439 4.533 4.611 4.675 16 17 18 19 20 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 11.255 10.575 | 9.954 9.385 8.863 8.384 7.943 7.161 6.814 6.194 5.660 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 13.004 12.106 11.296 10.563 9.899 9295 8.745 8.244 7.786 7.367 6.628 6.002 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 16.398 14.992 13.754 12.659 11.690 10.828 10.0599.372 8.756 8.201 7.250 6.467 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.6497.562 6.687 19.660 17.658 15.93714.451 13.163 12.042 11.061 10.2019.442 8.772 7.645 6.743 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 7.718 6.792 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.9857.784 6.835 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 | 9.823 9.077 7.843 6.873 22.795 20.12117.87715.983 14.375 13.003 11.826 10.810 9.929 9.1617.896 6.906 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 7.943 6.935 24.316 21.28118.764 16.663 14.898 13.406 12.13711.051 10.116 9.307 7.984 6.961 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11.158 10.198 9.3708.022 6.983 25.808 22.396 19.600 17.292 15.372 13.765 12.409 11.258 10.2749.4278.055 7.003 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.244 7.105 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 8.304 7.133 21 22 23 24 25 26 27 28 29 30 5.234 5.029 4.656 5.421 5.197 4.793 5.583 5.342 4.910 5.724 5.468 5.008 5.847 5.575 5.092 5.954 5.669 5.162 6.047 5.749 5.222 6.128 5.818 5.273 6.198 5.877 5.316 6.259 5.929 5.353 6.312 5.973 5.384 6.359 6.011 5.410 6.399 6.044 5.432 6.434 6.073 5,451 6.464 6.097 5.467 6.491 6.118 5.480 8.514 6.136 5.492 6.534 6.152 5.502 6.551 6.166 5.510 6.566 6.177 5.517 6.642 6.233 5.548 6.661 6.246 5.554 4.730 4.775 4.812 4 844 4.870 4.891 4.909 4.925 4.937 4.948 4.956 4.964 4.970 4.975 4.979 40 4.997 50 4.999 Print Done ne Reference tw an Periods 1 2 3 4 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 Future Value of $1 th 6% 7% 1.060 1.070 1.124 1.145 1.191 1.225 1.262 1.311 1.338 1.403 8% 1.080 1.166 1.260 1.360 1.469 9% 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2.011 6 7 8 1.062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.501 1.606 1.718 1.838 1.967 1.587 1.714 1.851 1.999 2.159 2.313 2.660 3.059 3.518 9 10 4.046 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.772 1.949 2.144 2.358 2.594 2.853 3.138 3.452 3.798 4.177 1.974 2.211 2.476 2.773 3.106 3.479 3.896 4.363 4.887 5.474 2.195 2.502 2.853 3.252 3.707 4.226 4.818 5.492 6.261 7.138 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 1.539 1.601 1.665 1.732 1.801 1.710 1.796 1.886 1.980 2.079 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 1.898 2.012 2.133 2.261 2.397 2.332 2.518 2.720 2.937 3.172 2.105 2.252 2.410 2.579 2.759 2.952 3.159 3.380 3.617 3.870 4.652 5.350 6.153 7.076 8.137 16 17 18 19 20 1.173 1.184 1.196 1.208 1.220 1.232 1.373 1.400 1.428 1.457 1.486 1.605 1.653 1.702 1.754 1.806 1.873 1.948 2.026 2.107 2.191 2.183 2.292 2.407 2.527 2.653 2.540 2.693 2.854 3.026 3.207 3.426 3.700 3.996 4.316 4.661 4.595 5,054 5.560 6.116 6.727 6.130 6.866 7.690 8.613 9.646 8.137 9.276 10.58 12.06 13.74 9.358 10.76 12.38 14.23 16.37 21 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 Print Done Reference T.TV5 T.ZTY 1.344 1.400 T.OZY T.TYT 1.907 2.159 2.307 2.594 3. TUO 3.7UT 4.040 11 12 13 14 15 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 1.601 1.665 1.732 1.801 1.710 1.796 1.886 1.980 2.079 1.898 2.012 2.133 2.261 2.397 2.105 2.252 2.410 2.579 2.759 2.332 2.518 2.720 2.937 3.172 2.580 2.813 3.066 3.342 3.642 2.853 3.138 3.452 3.798 4.177 3.479 3.896 4.363 4.887 5.474 4.226 4.818 5.492 6.261 7.138 4.652 5.350 6.153 7.076 8.137 16 17 18 19 20 1.173 1.184 1.196 1.208 1.220 1.873 1.948 2.026 2.107 2.191 2.183 2.292 2.407 2.527 2.653 3.426 3.700 3.996 4.316 4.661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.727 6.130 6.866 7.690 8.613 9.646 8.137 9.276 10.58 12.06 13.74 9.358 10.76 12.38 14.23 16.37 1.373 1.400 1.428 1.457 1.486 1.516 1.546 1.577 1.608 1.641 1.605 1.653 1.702 1.754 1.806 1.860 1.916 1.974 2.033 2.094 2.540 2.693 2.854 3.026 3.207 3.400 3.604 3.820 4.049 4.292 2.952 3.159 3.380 3.617 3.870 4.141 4.430 4.741 5.072 5.427 21 22 23 24 25 1.232 1.245 1.257 1.270 1.282 2.279 2.370 2.465 2.563 2.666 2.786 2.925 3.072 3.225 3.386 5.034 5.437 5.871 6.341 6.848 6.109 6.659 7.258 7.911 8.623 7.400 8.140 8.954 9.850 10.83 10.80 12.10 13.55 15.18 17.00 15.67 17.86 20.36 23.21 26.46 18.82 21.64 24.89 28.63 32.92 37.86 43.54 50.07 57,58 66.21 26 27 28 29 30 1.295 1.308 1.321 1.335 1.348 1.673 1.707 1.741 1.776 2.157 2.221 2.288 2.357 2.427 2.772 2.883 2.999 3.119 3.243 3.556 3.733 3.920 4.116 4.322 4.549 4.822 5.112 5.418 5.743 5.807 6.214 6.649 7.114 7.612 7.396 7.988 8.627 9.317 10.06 9.399 10.25 11.17 12.17 13.27 11.92 13.11 14.42 15.86 17.45 19.04 21.32 23.88 26.75 29.96 30.17 34.39 39.20 44.69 50.95 1.811 40 1.489 2.208 3.262 10.29 14.97 31.41 93.05 188.9 267.9 4.801 7.107 7.040 11.47 21.72 46.90 45.26 117.4 50 1.645 2.692 4.384 18.42 29.46 74.36 289.0 700.2 1,084 ias Print Done to - Reference Periods 1 2 3 4 5 1% 1.000 2.010 3.030 4.060 5.101 2% 1.000 2.020 3.060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.779 6.353 14% 1.000 2.140 3.440 4.921 6.610 15% 1.000 2.150 3.473 4.993 6.742 8.754 11.07 13.73 16.79 20.30 6 7 8 9 10 6.152 7.214 8.286 9.369 10.46 6.308 7.434 8.583 9.755 10.95 Future Value of Ordinary Annuity of $1 4% 5% 6% 7% 8% 9% 1.000 1.000 1.000 1.ang 1.000 1.000 2.040 2.050 2.060 2.070 2.080 2.090 3.122 3.153 3.184 3.215 3.246 3.278 4.246 4.310 4.375 4.440 4.506 4.573 5.416 5.526 5.637 5.751 5.867 5.985 6.633 6.802 6.975 7.153 7.336 7.523 7.898 8.142 8.394 8.654 8.923 9.200 9.214 9.549 9.897 10.260 10.64 11.03 10.58 11.03 11.49 11.98 12.49 13.02 12.58 13.18 13.82 14.49 15.19 13.49 14.21 14.97 15.78 16.65 17.56 15.03 15.92 16.87 17.89 18.98 20.14 16.63 17.71 18.88 20.14 21.50 22.95 18.29 19.60 21.02 22.55 24.21 26.02 20.02 21.58 23.28 25.13 27.15 29.36 21.82 23.66 25.67 27.89 30.32 33.00 23.70 25.84 28.21 30.84 33.75 36.97 25.65 28.13 30.91 34.00 37.45 41.30 27.67 30.54 33.76 37.38 41.45 46.02 29.78 33.07 36.79 41.00 45.76 51.16 31.97 35.72 39.99 44.87 50.42 56.76 6.468 7.662 8.892 10.16 11.46 7.716 9.487 11.44 13.58 15.94 8.115 10.09 12.30 14.78 17.55 8.536 10.73 13.23 16.09 19.34 12.01 11 12 13 14 15 11.57 12.68 13.81 14.95 16.10 12.17 13.41 14.68 15.97 17.29 12.81 14.19 15.62 17.09 18.60 18.53 21.38 24.52 27.98 31.77 20.65 24.13 28.03 32.39 37.28 23.04 27.27 32.09 37.58 43.84 24.35 29.00 34.35 40.50 47.58 16 17 18 19 20 17.26 18.43 19.61 20.81 22.02 18.64 20.01 21.41 22.84 24.30 20.16 21.76 23.41 25.12 26.87 35.95 40.54 45.60 51.16 57.28 42.75 48.88 55.75 63.44 72.05 50.98 59.12 68.39 78.97 91.02 55.72 65.08 75.84 88.21 102.4 21 23.24 28.68 64.00 81.70 25.78 104.8 118.8 Reference TU TV.40 TU.BD II. 4 TEAUT JZ.20 a. 10 TS.OZ 14.49 U.. 11 13 14 15 1.57 12.68 13.81 14.95 16.10 217 13.41 14.68 15.97 17.29 1261 14.19 15.62 17.09 18.60 13.49 15.03 16.63 18.29 20.2 14.21 15.92 17.71 19.60 21.58 14.97 16.87 18.88 21.02 23.28 15.78 17.9 20.14 22.55 25.13 16.65 18.98 21.50 24.21 27.15 24.35 29.00 34.35 40.50 47.58 25.67 16 17 16 19 20 17 26 18.43 19.61 20.81 22.02 18.4 20.01 21.41 22.84 24.30 20.16 21.76 23.41 25.12 26 87 21.82 23.70 25.65 27.67 29.78 23.66 25.84 28.13 30.54 33.07 28.21 30.91 33.76 36.79 27.99 30.84 34.00 37.38 41.00 30.32 33.75 37.45 41.45 45.76 55.72 65.08 75.84 88.21 102.4 21 2 23 24 25 23.24 24.47 25.72 26.97 28.24 25.78 27.30 29.85 30.42 32.03 28.68 30.54 32.45 34.43 36.46 31.97 34.25 36.62 39.08 41.65 35.72 38.51 41.43 44.50 47.73 39.99 43.39 47.00 50.82 54.86 44.87 49.01 53.4 58.18 63.25 50.42 55.46 60.89 66.76 73.11 TH.19 TH.99 TT.au TH..4 17.56 10.53 2015 2304 20.14 21.38 24.13 27.27 22.95 24.52 28.03 32.09 26.02 27.98 32.39 37.58 29.36 31.7 37.28 43.84 33.00 35.95 42.75 50.98 36.97 40.54 48.88 59.12 41.30 45.60 55.75 68.39 46.02 51.16 63.44 78.97 51.16 57.28 7205 91.02 56.76 64.00 810 104.8 2.87 74.40 92.50 120.4 69.53 79.54 104.6 138.3 76.79 88.50 118.2 158.7 84.70 98.35 133.3 181.9 93.32 1092 150.3 | 208.3 102.7 121.1 169.4 238.5 113.0 134.2 190.7 272.9 124.1 148.6 214.6 312.1 136.3 14.5 241.3 356.8 337.9 442.6 767.1 | 1,342 815.1 | 1.164 | 2.400 4.995 118.8 137.6 159.3 14.2 212.8 26 27 28 29 20 29.53 30.82 32.13 33.45 34.78 33.67 35.34 37.05 38.79 40.57 38.55 40.71 42.93 45.22 47.58 44.31 47.08 49.97 52.97 56.08 95.03 51.11 54.67 59.40 62.32 66.44 59.16 63.71 68.53 73.64 79.06 68.68 74.48 80.70 87.35 94.46 199.6 406.5 79.95 87.35 95.34 104.0 113.3 245.7 283.6 3271 3772 4347 40 48.89 154.8 60.40 84.56 75.40 112.8 120.8 209.3 259.1 573.8 1,779 7.218 50 4.46 152.7 290.3