EXHIBIT 12B-1 Present Value of $1: Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 2 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.797 0.783 0.769 0.756 0.743 0.731 0.7180.706 0.694 0.683 0.672 0.661 0.650 0.640 3 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.564 0.551 0.537 0.524 0.512 4 0855 0.823 0.792 0.763 0735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0.534 0.516 0.499 0.482 0.467 0.451 0.437 0.423 0.410 5 0.822 0784 0.747 0.713 0681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0.419 0402 0.386 0.370 0.355 0.341 0.328 6 0.790 0.746 0.705 0.666 0630 0.596 0.564 0.535 0.507 0.480 0.456 0432 0.410 0.390 0.370 0.352 0.335 0.319 0.303 0289 0.275 0.262 7 0.760 0.71 0.665 0.623 0583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0296 0 279 0.263 0249 0235 0222 0.210 8 0731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.305 0285 0.266 0.249 0233 0.218 0204 0.191 0.179 0.168 9 0.703 0645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0284 0263 0243 0.225 0.209 0.194 0.180 0.167 0155 0.144 0.134 100.676 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0295 0.270 0.247 0.227 0208 0.1910.176 0.162 0.149 0137 0.126 0.116 0.107 11 0650 0.585 0.527 0.475 0.429 0.388 0.350 0.317 0287 0 261 0237 0.215 0.195 0.178 0.162 0.148 0.135 0.123 0.1120103 0.094 0.086 12 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0231 0.208 0.187 0168 0152 0.137 0.124 0.112 0.102 0.092 0.083 0.076 0.069 13 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0.068 0.061 0.055 14 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.088 0.078 0.069 0.062 0.055 0.049 0.044 15 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0209 0.183 0.160 0.140 0.123 0.108 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0.035 16 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.188 0.163 0.141 0.123 0.107 0.093 0.081 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0.028 17 0.513 0.436 0.371 0.3170270 0231 0.198 0.1700.146 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 18 0.494 0.416 0.350 0.296 0.250 0212 0.180 0153 01300111 0.095 0.081 0.069 0.059 0.051 0044 0.038 0.032 0.028 0.024 0.021 0.018 190.475 0.396 0.331 0.277 0232 0.194 0164 0138 0.116 0.098 0.083 0.070 0.060 0.051 0.043 0.037 0.031 0.027 0.023 0.020 0.017 0.014 20 0.456 0.377 0.312 0258 0215 0.178 0149 0124 0.104 0.087 0.073 0.061 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.012 21 0439 0.359 0294 0242 0.199 0164 0.135 0.1120093 0.077 0.064 0.053 0.044 0.037 0.031 0.026 0.022 0.018 0.015 0.013 0.011 0.009 22 0.422 0.342 0.278 0226 0.184 0.15001230101 0.083 0.068 0.056 0.046 0.038 0.032 0.026 0.022 0.018 0.01 0.013 0.0110.009 0.007 23 0.406 0326 0.262 0.211 01700138 0.112 0.091 0.074 0.060 0.049 0.040 0.033 0.027 0.022 0.018 0.015 0.012 0.010 0.009 0.007 0.006 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.082 0.066 0.053 0.043 0.035 0.028 0.023 0.019 0.015 0.013 0.010 0.008 0.007 0.006 0.005 25 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.0160.013 0.010 0.009 0.007 0.006 0.005 0.004 26 0.361 0.281 0.220 0.172 0.135 0.106 0.084 0.066 0.053 0.042 0.033 0.026 0.021 0.01 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 27 0.347 0.268 0.207 0.161 0.125 0.098 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.014 0.0110.009 0.007 0.006 0.005 0.004 0.003 0.002 28 0.333 0.255 0.1960.150 0.116 0.090 0.069 0.054 0.042 0.033 0.026 0.020 0.016 0.012 0.00 0.008 0.006 0.005 0.004 0.003 0.002 0.002 29 0.321 0.243 0.185 0.141 0.107 0.082 0.063 0.048 0.037 0.029 0.022 0.01 0.014 0.011 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 30 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.033 0.026 0.020 0.015 0.012 0.009 0.007 0.005 0.004 0.003 0.003 0.002 0.002 0.001 40 0.208 0.142 0.097 0.067 0.046 0.032 0.022 0.015 0.011 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 24 EXHIBIT 128-2 Present Value of an Annuity of $1 in Arrears: 1 - 1 Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 2 1.886 1.859 1.833 1.808 17831759 1736 1713 1.690 1668 1647 1.626 1605 1.585 1.566 1547 1.528 1509 1.492 1.474 1457 1.440 3 2775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 2.402 2.361 2.322 2283 2.246 2210 2174 2.140 2106 2.074 2042 2011 1981 1952 4 3.630 3.546 3.465 3.387 3.312 3240 3.170 3102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2639 2.589 2.540 2494 2.448 2.404 2.362 5 4452 4.3294212 4100 3.993 3.890 3.791 3.696 3.605 3.517 3.433 3.352 3.274 3.199 3127 3.058 2.991 2.926 2864 2.803 2.745 2.689 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 3.998 3.889 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3167 3.092 3.020 2.951 7 6.002 5786 5582 5.3895206 5.033 4.868 4712 4.564 4423 4288 4160 4.039 3.922 3.812 37063 .605 3.508 3.416 3.327 3.242 3.161 6733 6.463 6.210 5.971 5747 5.535 5335 5146 4.968 47994639 4.487 4.344 4207 4.078 3.954 3.837 3.726 3.619 3.518 3.421 3.329 9 7435 7108 6.802 6.515 6 247 5995 5759 5537 5328 5132 4.946 4772 4607 4.451 4.303 4163 4031 3.905 3786 3.6733566 3.463 10 8.111 7722 7360 7024 6710 6.418 6145 5.889 5650 5.426 5 216 5.019 4833 4659 4.494 4.339 4192 4.054 3.923 3.799 3.682 3.571 11 8760 8.306 7887 749971396805 6.495 6 207 5938 5687 5453 5 234 5.029 48364656 4486 4.327 4177 4035 3.902 3776 3.656 129.385 8863 8384 7943 7536 7161 6814 6.492 6194 5918 5.660 5.421 5197 4988 4793 4611 4439 4278 4127 3.985 3.851 3725 139.986 9.394 8.853 8.358 7.904 7487 7103 6.750 6.424 6122 5.842 5583 5.342 5118 4.910 4715 4.533 43624.203 4.053 3.912 3.780 14 10.563 9.899 9.295 8745 8.244 7786 7.367 6.982 6.628 6.302 6.002 5724 5.468 5229 5.008 4.802 4.611 4.432 4.265 4108 3.962 3.824 1511118 10.3809712 9108 8.559 8.061 7606 7191 6.811 6.462 6142 5.847 5.575 5.324 5.092 4.876 4.675 4.489 4.31541534.001 3.859 16 11.652 10.838 10.106 9.447 8.851 8.313 7.824 7379 6.974 6.604 6.265 5.954 5.668 5.405 5162 4.938 4730 4.536 4.357 4.189 4.033 3.887 17 12.166 11.274 10.477 9763 9.122 8.544 8022 7549 7120 6729 6.373 6.047 5749 5.475 5.222 4.990 4.775 4.576 4.391 4.219 4.059 3.910 18 12.659 11.690 10.828 10.0599.372 8.756 8201 7702 7.250 6.840 6.467 6128 5.818 5.534 5.273 5033 48124.608 4.419 4.243 4.080 3.928 19 13134 12.085 11158 10.336 9.604 8.950 8.365 7839 7366 6.938 6.550 6198 5.877 5.584 5316 5070 4.843 4635 4.442 4.263 4.097 3.942 20 13.590 12.462 11.470 10.594 9.818 9129 8514 7963 7469 7025 6623 6.259 5.929 5.628 5353 5101 4.870 4657 4.460 4.279 4.110 3.954 21 14.029 12.821 11764 10.836 10.017 9.292 8.649 8.075 75627102 6.687 6.312 5.973 5.665 5384 5127 4.891 4.675 4.476 4.292 4121 3.963 22 14.451 13.163 12.042 11.061 10,201 9.442 8772_8176 7645 7170 6743 6.359 6.011 5.696 5410 5149 4.909 4.690 4.488 4.302 4130 3.970 23 14.857 13.489 12.303 11.272 10371 9.580 8.883 8266 7718 7230 6792 6.399 6.044 5723 5432 5167 4.925 4.703 4.499 4.311 4137 3.976 24 15 247 13.799 12.550 11.469 10,529 9.707 8.985 8.348 7784 7283 6.835 6.434 6.073 5.746 5.451 5.182 4.937 4.713 4.507 4.318 4.143 3.981 25 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8.422 7843 7330 6.873 6.464 6.097 5.766 5.467 5.1954.948 4.721 4.514 4.323 4.147 3.985 26 15.983 14.375 13.003 11.826 10.810 9.929 9161 8.488 7896 7372 6.906 6.491 6118 5783 5.480 5 206 4.956 4.728 4520 4.328 4151 3.988 27 16.330 14.643 13.211 11.987 10.935 10.027 9.237 8.548 7943 7.409 6.935 6.514 6136 5.798 5.492 5215 4.964 4.734 4.524 4.332 4.154 3.990 28 16.663 14.898 13.406 12.137 11.051 10.116 9.307 8.602 7984 7441 6.961 6.534 6.152 5.810 5.502 5.223 4.970 4.739 4.528 4.335 4.157 3.992 29 16.984 15.141 13.591 12.278 11158 10.198 9.370 8.650 8.022 7.470 6.983 6.551 6.166 5.820 5.510 5.229 4.975 4.743 4.531 4.337 4.159 3.994 30 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7496 7003 6.566 6.177 5.829 5517 5235 4.979 4.746 4534 4.339 4.160 3.995 40 19.793 17159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7634 7105 6.642 6.233 5.871 5.548 5.258 4.997 4.760 4.544 4.347 4.166 3.999 In four years, when he is discharged from the Air Force, Steve wants to buy an $19,000 power boat. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have the $19,000 at the end of four years if he can invest money at: (Round your final answers to the nearest whole dollar amount.) Present Value 1. Seven percent 2. Eleven percent