EXHIBIT 13B-2 Present Value of an Annuity of $1 in Arrears; [+] Periods 4% 5% 6% 7% 1 0.943 0.935 8% 9% 10% 11% 12% 13% 14% 0.926 0.917 0.909 0.901 0.893 0.885 0.877 15% 0.962 0.952 2 1.886 1.859 1.833 1.808 1.783 3 2.775 2.723 2.673 2.624 2.577 4 3.630 3.546 3.465 3.387 3.312 5 4.452 4.329 4.212 4.100 3.993 3.890 6 5.242 5.076 4.917 4.767 4.623 4.486 7 5.786 5.389 5.206 1.759 1.736 1.713 1.690 1.668 1.647 1.626 1.605 1.585 1.566 2.531 2.487 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.042 2.011 1.981 1.952 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.404 2.362 3.791 3.696 4.355 4.231 4.111 3.998 3.889 5.033 4.868 4.712 4.564 4.423 4.288 1.547 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 1.528 1.509 1.492 1.474 1.457 1.440 2.743 2.690 2.639 2.589 2.540 2.494 2.448 6.002 5.582 8 6.733 6.463 6.210 5.971 5.747 9 7.435 7.108 6.515 6.247 5.535 5.335 5.995 5.759 5.146 4.968 4.799 4.639 4.487 4.344 4.207 4.078 5.537 5.328 5.132 4.946 4.772 4.607 4.451 6.802 10 8.111 7.722 7.360 7.024 F 11 8.760 7.887 7.499 6.710 7.139 6.418 6.145 5.889 5.650 5.426 6.805 6.495 6.207 5.938 5.687 5.453 5.234 5.216 5.019 4.833 4.659 4.494 4.339 4.192 5.029 4.836 4.656 4.486 8.306 12 9.385 8.384 7.943 7.536 7.161 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4.988 4.793 4.611 8.863 13 3 9.986 9.394 8.853 14 10.563 8.358 9.295 8.745 7.904 7.487 7.103 6.750 6.424 6.122 5.842 5.583 5.342 5.118 4.910 4.715 4.533 4.362 8.244 7.786 7.367 6.982 6.628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.611 3.605 3.517 3.433 3.352 3.274 3.199 3.127 3.058 2.991 2.926 2.864 2.803 2.745 2.689 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3.167 3.092 3.020 2.951 4.160 4.039 3.922 3.812 3.706 3.605 3.508 3.416 3.327 3.242 3.161 3.954 3.837 3.726 3.619 3.518 3.421 3.329 4.303 4.163 4.031 3.905 3.786 3.673 3.566 3.463 4.054 3.923 3.799 3.682 3.571 4.327 4.177 4.035 3.902 3.776 3.656 4.278 4.127 3.985 3.851 3.725 4.203 4.053 3.912 3.780 4.439 4.432 4.265 4.108 3.962 3.824 9.899 15 11.118 10.380 9.712 9.108 16 17 18 19 20 8.559 8.061 7.606 7.191 11.652 10.838 10.106 9.447 8.851 8.313 7.824 7.379 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.549 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 13.134 12.085 11.158 13.590 12.462 11.470 5.847 10.336 9.604 8.950 8.365 7.839 10.594 9.818 9.129 8.514 7.963 7.469 22222222232 21 26 30 29 16.984 15.141 13.591 12.278 11.158 10.198 17.292 15.372 13.765 12.409 11.258 10.274 14.029 12.821 11.764 10.836 10.017 14.451 13.163 12.042 11.061 10.201 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8.266 7.718 24 15.247 13.799 12.550 11.469 10.529 9.707 8.985 8.348 7.784 25 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8.422 7.843 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8.488 7.896 27 16.330 14.643 13.211 11.987 10.935 10.027 9.237 8.548 7.943 28 16.663 14.898 13.406 12.137 11.051 10.116 9.307 8.602 7.984 7.441 9.370 8.650 8.022 7.470 9.427 8.694 8.055 7.496 9.292 8.649 8.075 7.562 9.442 8.772 8.176 7.645 7.102 7.170 7.230 7.283 7.330 40 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7.634 7.105 6.811 6.462 6.142 5.575 5.324 5.092 4.876 4.675 6.974 6.604 6.265 5.954 5.668 5.405 5.162 4.938 4.730 7.120 6.729 6.373 6.047 5.749 5.475 5.222 4.990 4.775 4.576 7.250 6.840 6.467 6.128 5.818 5.534 5.273 5.033 4.812 4.608 7.366 6.938 6.550 6.198 5.877 5.584 5.316 5.070 4.843 4.635 7.025 6.623 6.259 5.929 5.628 5.353 5.101 4.870 4.657 6.687 6.312 5.973 5.665 5.384 5.127 4.891 4.675 4.476 4.292 4.121 3.963 6.743 6.359 6.011 5.696 5.410 5.149 4.909 4.690 4.488 4.302 4.130 3.970 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.703 4.499 4.311 4.137 3.976 6.835 6.434 6.073 5.746 5.451 5.182 4.937 4.713 4.507 4.318 4.143 3.981 6.873 6.464 6.097 5.766 5.467 5.195 4.948 4.721 4.514 4.323 4.147 3.985 7.372 6.906 6.491 6.118 5.783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.988 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4.734 4.524 4.332 4.154 3.990 6.961 6.534 6.152 5.810 5.502 5.223 4.970 4.739 4.528 4.335 4.157 3.992 6.983 6.551 6.166 5.820 5.510 5.229 4.975 4.743 4.531 4.337 4.159 3.994 7.003 6.566 6.177 5.829 5.517 5.235 4.979 4.746 4.534 4.339 4.160 3.995 6.642 6.233 5.871 5.548 5.258 4.997 4.166 4.489 4.536 4.315 4.153 4.001 3.859 4.357 4.189 4.033 3.887 4.391 4.219 4.419 4.243 4.080 3.928 Page 678 4.059 3.910 4.442 4.263 4.097 3.942 4.460 4.279 4.110 3.954 4.760 4.544 4.347 3.999 Appendix 13B: Present Value Tables EXHIBIT 13B-1 Present Value of $1; (+ Page 677 Periods 4% 1 5% 6% 0.962 0.952 0.943 0.935 0.926 7% 8% 9% 10% 2 0.925 0.907 0.890 0.873 0.857 0.842 3 0.889 0.864 0.840 0.816 4 0.855 0.823 0.792 0.763 0.735 5 0.822 0.784 0.747 0.713 0.681 0.794 0.772 0.708 0.650 11% 0.917 0.909 0.901 0.826 0.812 0.751 0.731 0.683 0.659 0.621 0.593 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 0.797 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0.694 0.683 0.672 0.712 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.564 0.551 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 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0.419 0.402 0.386 0.370 0.355 0.341 0.328 24% 25% 0.806 0.800 0.661 0.650 0.640 0.537 0.524 0.512 6 7 8 9 0.703 0.645 10 11 12 13 0.625 0.557 0.497 0.601 0.530 0.469 14 0.577 0.505 0.442 0.415 0.388 15 0.555 0.481 0.417 0.340 0.299 0.263 0.232 0.205 0.181 0.362 0.315 0.275 0.239 0.209 0.183 0.160 16 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.188 17 0.513 0.436 0.371 0.317 0.270 0.231 0.198 18 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.317 0.287 0.261 0.237 0.215 0.195 0.178 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0.160 0.141 0.140 0.123 0.123 0.107 0.108 0.093 0.095 0.081 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.410 0.390 0.370 0.352 0.335 0.319 0.303 0.289 0.275 0.262 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0.296 0.279 0.263 0.249 0.235 0.222 0.210 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 0.233 0.218 0.204 0.191 0.179 0.168 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 0.180 0.167 0.155 0.144 0.134 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0.208 0.176 0.162 0.149 0.137 0.126 0.116 0.107 0.148 0.135 0.123 0.112 0.103 0.094 0.086 0.168 0.124 0.112 0.102 0.092 0.083 0.076 0.069 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0.068 0.061 0.055 0.125 0.111 0.099 0.088 0.078 0.069 0.062 0.055 0.049 0.044 0.108 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0.035 0.191 0.162 0.152 0.137 0.170 0.146 0.153 0.130 0.163 0.141 0.125 0.111 22 222 22 19 0.475 0.396 0.331 20 0.456 0.377 0.312 0.277 0.232 0.194 0.164 0.138 0.116 0.258 0.215 0.178 0.149 0.124 0.104 21 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.112 0.422 0.342 0.278 0.226 0.184 0.150 0.123 23 0.406 0.326 0.262 0.211 0.170 0.138 0.112 24 0.390 0.310 0.247 0.197 0.093 0.081 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0.028 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0.069 0.059 0.051 0.044 0.038 0.032 0.028 0.024 0.021 0.018 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 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 0.093 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 0.083 0.068 0.056 0.046 0.038 0.032 0.026 0.022 0.018 0.015 0.013 0.011 0.009 0.007 0.101 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 0.158 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 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0.007 0.006 0.005 0.004 25 0.375 0.295 0.233 0.184 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 0.017 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 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0.002 28 0.333 0.255 0.196 0.150 0.116 0.090 0.069 0.054 0.042 0.033 0.026 0.020 0.016 0.012 0.010 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.321 0.243 0.185 0.141 0.107 0.082 0.063 0.048 0.037 0.029 0.022 0.017 0.014 0.011 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 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 222239 30 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