Future Value Factor for a Single Present Amount (Interest rate = r, Number of periods = n) | nir 1 2 3 4 5 93 6 7 8 10 11 12 13 14 1% 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 1.0721 1.0829 1.0937 1.1046 1.1157 1.1268 1.1381 1.1495 1.1610 1.1726 1.1843 1.1961 1.2081 1.2202 2% 3% 1.0200 1.0300 1.0404 1.0609 1.06121.0927 1.0824 1.1255 1.1041 1.1593 1.1262 1.1941 1.1487 1.2299 1.1717 1.2668 1.1951 1.3048 1.21901.3439 1.2434 1.3842 1.2682 1.4258 1.2936 1.4685 1.3195 1.5126 1.3459 1.5580 1.3728 1.6047 1.4002 1.6528 1.4282 1.7024 1.4568 1.7535 1.4859 1.8061 4% 5% 6% 7% 1.0400 1.0500 1.0600 1.0700 1.0816 1.1025 1.1236 1.1449 1.1249 1.1576 1.1910 1.2250 1.1699 1.2155 1.2625 1.3108 1.2167 1.2763 1.3382 1.4026 1.2653 1.3401 1.4185 1.5007 1.31591.4071 1.5036 1.6058 1.36861.4775 1.5938 1.7182 1.4233 1.5513 1.6895 1.8385 1.48021.6289 1.7908 1.9672 1.5395 1.7103 1.8983 2.1049 1.60101.79592.0122 2.2522 1.66511.8856 2.1329 2.4098 1.73171.9799 2.26092.5785 1.8009 2.0789 2.3966 2.7590 1.87302.1829 2.5404 2.9522 1.9479 2.2920 2.6928 3.1588 2.0258 2.4066 2.8543 3.3799 2.1068 2.5270 3.0256 3.6165 2.1911 2.6533 3.2071 3.8697 8% 9% 10% 11% 12% 13% 1.0800 1.0900 1.1000 1.1100 1.1200 1.1300 1.1664 1.1881 1.2100 1.2321 1.2544 1.2769 1.2597 1.2950 1.3310 1.3676 1.4049 1.4429 1.3605 1.4116 1.46411.5181 1.5735 1.6305 1.4693 1.5386 1.6105 1.6851 1.76231.8424 1.5869 1.6771 1.77161.8704 1.9738 2.0820 1.7138 1.8280 1.9487 2.0762 2.2107 2.3526 1.85091.9926 2.1436 2.30452.4760 2.6584 1.9990 2.1719 2.35792.5580 2.7731 3.0040 2.1589 2.3674 2.5937 2.8394 3.1058 3.3946 2.3316 2.5804 2.8531 3.15183.4785 3.8359 2.5182 2.8127 3.1384 3.4985 3.8960 4.3345 2.7196 3.0658 3.4523 3.8833 4.3635 4.8980 2.9372 3.3417 3.7975 4.3104 4.8871 5.5348 3.1722 3.6425 4.1772 4.78465.4736 6.2543 3.4259 3.9703 4.5950 5.31096.1304 7.0673 3.7000 4.3276 5.05455.8951 6.8660 7.9861 3.9960 4.71715.55996.5436 7.6900 9.0243 4.3157 5.1417 6.11597.2633 8.6128 10.1974 4.6610 5.6044 6.72758.0623 9.6463 11.5231 14% 15% 1.14001.1500 1.2996 1.3225 1.4815 1.5209 1.68901.7490 1.9254 2.0114 2.1950 2.3131 2.5023 2.6600 2.8526 3.0590 3.2519 3.5179 3.7072 4.0456 4.22. 62 4.6524 4.81795.3503 5.4924 6.1528 6.2613 7.0757 7.13798.1371 8.1372 9.3576 9.2765 10.7613 10.5752 12.3755 12.0557 14.2318 13.7435 16.3665 16% 1.1600 1.3456 1.5609 1.8106 2.1003 2.4364 2.8262 3.2784 3.8030 4.4114 5.1173 5.9360 6.8858 7.9875 9.2655 10.7480 12.4677 14.4625 16.7765 19.4608 17% 1.1700 1.3689 1.6016 1.8739 2.1924 2.5652 3.0012 3.5115 4.1084 4.8068 5.6240 6.5801 7.6987 9.0075 10.5387 12.3303 14.4265 16.8790 19.7484 23.1056 16 17 18 19 20 What is the present value of $620,000 to be paid in 10 years? The annual interest rate is 8%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) Present value
