Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 1 1.010001.02000/1.03000 1.04000 1.05000 1.06000 1.07000 2 (1.02010/1.04040/1.06090 1.08160 1.10250 1.12360 1.14490 3 1.03030/1.061211.09273 1.12486 1.15763 1.19102 1.22504 4 1.04060|1.08243 1.12551 1.16986 1.21551 1.26248 1.31080) 5 1.05101 1.10408 1.15927 1.21665 1.27628 1.33823 1.40255 8% 1.08000 1.16640 1.25971 1.36049 1.46933 9% 1.09000 1.188101 1.29503 1.41158 1.53862 10% 1.10000 1.21000 1.33100 1.46410 1.61051 11% 1.11000 1.23210) 1.36763 1.51807 1.68506 12% 1.12000 1.25440 1.40493 1.57352 1.76234 13% 1.13000 1.27690 1.44290 1.63047 1.84244 14% 1.14000 1.29960 1.48154 1.68896 1.92541 15% 1.15000 1.32250 1.52088 1.74901 2.01136 16% 1.16000 1.34560 1.56090 1.81064 2.10034 17% 1.17000 1.36890 1.60161 1.87389 2.19245 6 7 8 9 10 1.58687 1.71382 1.85093 1.99900 2.15892 1.67710 1.82804 1.99256 2.17189 2.36736 1.77156 1.94872 2.14359 2.35795 2.59374 1.87041 2.07616 2.30454 2.55804 2.83942) 1.97382 2.21068 2.47596 2.77308 3.10585 2.08195 2.35261 2.65844 3.00404 3.39457 2.19497 2.50227 2.85259 3.251951 3.70722 2.31306 2.66002 3.05902 3.51788 4.04556 2.43640 2.82622 3.27841 3.80296 4.41144 2.56516 3.00124) 3.51145 4.10840 4.80683 1.06152 1.126161.19405 1.26532| 1.34010 1.41852| 1.50073 11.07214|1.148691.22987| 1.31593 1.40710 1.50363 1.60578 1.082861.17166 1.26677 1.36857 1.47746 1.59385 1.71819 1.09369|1.195091.30477 1.42331 1.55133 1.68948 1.83846 1.104621.21899 1.34392 1.48024 1.62889 1.79085 1.96715 1.11567|1.243371.38423 1.53945 1.71034 1.89830 2.10485 1.12683 1.268241.42576 1.60103 1.79586 2.01220 2.25219 1.13809 1.293611.468531.66507| 1.88565 2.13293 2.40985 1.14947|1.319481.51259 1.73168 1.97993 2.26090 2.57853 1.16097|1.34587|1.55797 1.80094 2.07893 2.39656 2.75903 11 12 13 14 15 2.33164 2.51817 2.71962 2.937191 3.17217 2.58043 2.81266 3.06580 3.34173 3.64248 2.85312 3.13843 3.45227 3.79750 4.17725 3.151761 3.49845 3.88328 4.31044 4.78459) 3.47855 3.89598 4.36349 4.88711 5.47357 3.83586 4.33452 4.89801 5.53475 6.25427 4.22623 4.81790 5.49241 6.26135 7.13794 4.65239 5.35025 6.15279 7.07571 8.13706 5.11726 5.93603 6.88579 7.98752 9.26552 5.62399) 6.58007 7.69868 9.00745 10.53872 16 17 18 19 20 25 30 35 40 45 50 60 1.17258 1.37279|1.60471 1.87298 2.18287) 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 7.06733 8.13725 9.35762 10.74800 12.33030 11.18430|1.400241.65285 1.94790 2.29202 2.69277) 3.15882 3.70002 4.32763 5.05447 5.895091 6.86604 7.98608 9.27646 10.76126 12.46768 14.42646 1.19615 1.42825/1.70243 2.02582 2.40662 2.85434 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 9.02427 10.57517 12.37545 14.46251 16.87895 1.20811 1.45681 1.75351 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276) 10.19742 12.05569 14.23177 16.77652 19.74838 1.22019 1.485951.80611 2.19112 2.65330 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 11.52309 13.74349 16.36654 19.46076 23.10560 1.28243 1.640612.09378 2.66584 3.38635| 4.29187) 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 21.23054 26.461921 32.91895 40.87424 50.65783 (1.34785 1.811362.42726 3.24340 4.32194 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 39.11590 50.950161 66.21177 85.84988 111.06465 1.41660 1.999892.81386 3.94609 5.51602 7.68609 10.67658 14.78534 20.41397) 28.10244 38.57485 52.79962 72.06851 98.10018 133.17552 180.31407 243.50347 11.488862.20804 3.26204 4.80102 7.03999|10.28572 14.97446 21.72452 31.40942| 45.25926 65.00087| 93.05097 132.78155 188.88351 267.86355 378.72116 533.86871 1.564812.437853.78160 5.84118 8.98501 13.7646121.00245 31.92045 48.32729 72.89048|109.53024 163.98760 244.64140 363.67907 538.76927 795.44383 1,170.47941 1.644632.691594.38391 7.10668 11.46740 18.4201529.45703 46.90161 74.35752 117.39085 184.56483289.00219 450.73593 700.23299|1,083.65744 1,670.70380 2,566.21528 11.81670|3.281035.8916010.51963|18.67919|32.9876957.94643|101.25706|176.03129304.48164|524.05724|897.59693|1,530.05347 2,595.91866|4,383.998757,370.20137|12,335.35648| Future Value of an Ordinary Annuity Periods 1 2 3 4 5 1% 1.00000 2.01000 3.03010 4.06040 5.10101 2% 1.00000 2.02000 3.06040 4.12161 5.20404 3% 1.000000 2.03000 3.09090 4.18363 5.30914 4% 1.00000 2.04000 3.12160 4.24646 5.41632) 5% 1.00000 2.05000 3.15250 4.31013 5.52563 6% 1.00000 2.06000 3.18360 4.37462 5.63709 7% 1.00000 2.070001 3.21490 4.43994 5.75074 8% 1.00000 2.08000 3.24640 4.50611 5.86660 9% 1.00000 2.09000 3.27810 4.57313 5.98471 10% 1.00000 2.100001 3.310001 4.641001 6.105101 11% 1.00000 2.11000 3.34210 4.70973 6.227801 12% 1.00000 2.12000 3.37440 4.77933 6.35285 13% 1.00000 2.13000 3.40690 4.84980 6.48027 14% 1.00000 2.14000 3.43960 4.92114 6.61010 15% 1.00000 2.15000 3.47250 4.99338 6.74238 16% 1.00000 2.16000 3.50560 5.06650 6.87714 6 7 8 6.15202 6.30812) 6.46841 6.63298 6.80191 6.97532 7.15329 7.21354 7.43428 7.66246 7.89829 8.14201 8.39384 8.65402 8.28567 8.58297 8.89234 9.21423 9.54911 9.89747 10.25980 9.36853 9.75463 10.15911 10.582801 11.02656 11.49132 11.97799 10.46221 10.94972 11.46388 12.00611 12.57789 13.18079 13.81645 7.33593 8.92280 10.63663 12.48756 14.48656 7.52333 9.20043 11.02847 13.02104 15.19293 7.71561 9.48717 11.43589 13.57948 15.93742 7.91286 9.78327 11.85943 14.16397 16.72201 8.11519) 10.08901 12.29969 14.77566 17.54874 8.32271 10.40466 12.75726 15.41571 18.41975 8.53552 10.73049 13.23276 16.08535 19.33730 8.75374 11.06680 13.72682 16.78584 20.30372 8.97748 11.41387 14.24009 17.51851 21.32147 9 10 11 12 13 14 15 11.56683 12.16872 12.80780 13.48635 14.20679 14.97164 15.78360 12.68250 13.41209 14.19203 15.02581 15.91713 16.86994 17.88845 13.80933 14.68033 15.61779 16.62684 17.71298 18.88214 20.14064 14.94742 15.97394 17.08632 18.29191 19.59863 21.01507) 22.55049 16.09690 17.29342 18.59891 20.02359 21.57856| 23.27597) 25.12902 16.64549 18.97713 21.495301 24.21492 27.15211 17.56029 20.14072 22.95338 26.01919 29.36092 18.531171 21.38428 24.52271 27.97498 31.77248) 19.56143 22.71319) 26.21164 30.09492) 34.40536 20.65458 24.13313 28.02911 32.39260 37.27971 21.81432 25.65018 29.98470 34.88271 40.41746) 23.04452 27.27075 32.08865) 37.58107 43.84241 24.34928 29.00167 34.35192 40.50471 47.58041 25.73290 30.85017 36.78620 43.67199 51.65951 16 17 18 19 20 17.25786 18.63929 20.15688 21.82453 23.65749 25.67253 27.88805 18.43044 20.01207| 21.76159 23.69751 25.84037| 28.21288 30.84022 19.61475 21.41231 23.41444 25.64541 28.13238] 30.90565 33.99903 20.81090 22.84056 25.11687| 27.67123 30.539000 33.75999 37.37896 22.01900 24.29737 26.87037) 29.77808 33.06595 36.78559| 40.99549 30.32428 33.75023 37.45024 41.44626 45.76196 33.00340 36.97370 41.30134 46.01846 51.16012 35.94973 40.54470 45.59917 51.15909 57.27500 39.18995 44.50084 50.39594 56.93949 64.20283 42.75328 48.88367 55.74971 63.43968 72.05244 46.67173 53.73906 61.72514 70.74941 80.94683 50.98035 59.11760 68.39407 78.96923 91.02493 55.71747 65.07509 75.83636 88.21181 102.44358 60.92503 71.67303 84.14072 98.60323 115.37975 25 30 35 40 45 50 60 28.24320 32.03030 36.45926 41.64591 47.72710 54.86451 63.24904 73.10594 84.70090 98.34706 114.41331 133.33387 155.61956 181.87083 212.79302 249.21402 34.78489| 40.56808 47.57542 56.08494 66.43885 79.05819 94.46079 113.28321 136.30754 164.49402) 199.02088 241.33268 293.19922 356.78685 434.74515 530.31173) 141.66028] 49.99448 60.46208 73.65222 90.32031 111.43478 138.23688 172.31680 215.71075 271.02437] 341.58955 431.66350 546.68082 693.57270 881.17016 1,120.71295 48.88637 60.40198 75.40126 95.02552 120.79977|154.76197 199.63511 259.05652 337.88245| 442.59256 581.82607 767.09142 1,013.70424 1,342.02510 1,779.09031 2,360.75724 56.48107| 71.89271 92.71986|121.02939|159.70016212.74351 285.74931 386.50562 525.85873 718.90484 986.63856|1,358.23003 1,874.16463 2,590.56480 3,585.12846 4,965.27391 64.46318 84.57940 112.79687|152.66708209.34800290.33590|406.52893 573.77016 815.083561,163.90853|1,668.771152,400.01825 3,459.50712 4,994.52135 7,217.71628 10,435.64877 181.66967/114.05154|163.053441237.99069353.583721533.128181813.52038|1.253.2133011.944.79213/3.034.81640|4.755.0658417.471.64111111.761.9497918.535.13328|29.219.99164146.057.50853| Future Value of an Annuity Due Periods 1% 2% 3% 1 1.01000 1.020001 1.03000 2 2.030101 2.060401 2.09090 3 3.06040 3.12161 3.18363 4 4.10101 4.20404 4.30914 5 5.15202 5.30812 5.46841 4% 1.040001 2.121601 3.24646 4.41632 5.63298 5% 1.05000 2.15250 3.31013 4.52563 5.80191 6% 1.06000 2.18360 3.37462 4.637091 5.97532 7% 1.07000 2.21490 3.43994 4.75074 6.15329 8% 1.080001 2.24640 3.50611 4.86660 6.33593 9% 1.09000 2.27810 3.57313 4.98471 6.52333 10% 1.10000 2.31000 3.64100 5.10510 6.71561 11% 1.11000 2.34210 3.70973 5.22780 6.91286 12% 1.12000 2.37440 3.77933 5.35285 7.11519 13% 1.13000 2.40690 3.84980 5.48027 7.32271 14% 1.14000 2.43960 3.92114 5.61010 7.53552 15% 1.15000 2.47250 3.99338 5.74238 7.75374 16% 1.16000 2.50560 4.06650 5.87714 7.97748 6 7 8 6.21354 6.43428 6.66246 6.89829 7.14201 7.39384 7.65402 7.28567 7.58297 7.89234 8.21423 8.54911 8.89747 9.25980 8.36853 8.75463 9.15911 9.58280 10.02656 10.49132 10.97799) 9.46221 9.94972 10.46388] 11.00611 11.57789 12.18079 12.81645 10.56683 11.16872 11.80780 12.48635 13.20679 13.97164 14.78360 7.92280 9.63663 11.48756 13.48656 15.64549 8.20043 10.02847 12.02104 14.19293 16.56029 8.48717 10.43589 12.57948 14.93742 17.53117 8.78327 10.85943 13.16397) 15.72201 18.561431 9.08901 11.29969 13.77566 16.54874 19.65458 9.40466 11.75726 14.41571 17.41975 20.81432 9.73049 12.23276 15.08535 18.33730 22.04452 10.06680 12.72682 15.78584 19.30372 23.34928 10.41387 13.24009 16.51851 20.32147 24.73290 9 10 11 12 13 14 15 11.68250 12.41209 13.19203 14.02581 14.91713 15.86994 16.88845 12.80933 13.68033 14.61779 15.62684 16.71298 17.88214 19.14064 13.94742 14.97394 16.08632 17.29191 18.59863 20.01507) 21.55049 15.09690 16.29342 17.59891 19.02359| 20.57856 22.27597) 24.12902 16.25786 17.63929 19.15688| 20.82453| 22.65749 24.67253 26.88805 17.97713) 20.49530 23.21492) 26.15211 29.324281 19.14072 21.95338) 25.01919 28.36092 32.003401 20.38428 23.52271 26.97498 30.77248 34.94973 21.71319 25.21164) 29.094921 33.40536) 38.18995 23.13313 27.02911 31.39260 36.27971 41.75328 24.65018 28.98470 33.88271 39.41746) 45.67173 26.27075 31.08865 36.58107 42.84241 49.98035 28.00167 33.35192 39.50471 46.58041 54.71747 29.85017 35.78620 42.67199 50.65951 59.92503) 16 17 18 19 20 17.43044 19.01207| 20.76159 22.69751 24.84037 27.21288] 29.84022 18.61475 20.41231 22.41444 24.64541 27.13238) 29.90565 32.99903 19.81090] 21.84056 24.11687 26.67123 29.539000 32.75999 36.37896 21.01900 23.29737 25.87037| 28.77808 32.06595 35.78559 39.99549 22.23919 24.78332) 27.67649 30.96920 34.71925 38.9927343.86518 32.750231 36.45024 40.44626 44.76196 49.42292 35.97370 40.30134 45.01846 50.16012 55.76453 39.54470 44.59917 50.15909 56.27500 63.00250 43.50084 49.39594 55.93949 63.20283 71.26514 47.88367 54.74971 62.43968 71.05244 80.69874 52.73906 60.72514 69.74941 79.94683 91.46992 58.11760 67.39407 77.96923 90.02493 103.76842 64.07509 74.83636 87.21181 101.44358 117.81012 70.67303 83.14072 97.60323 114.37975 133.84051 25 30 35 40 45 50 60 28.52563 32.67091 37.55304 43.31174 50.11345 58.15638] 67.67647 78.95442 92.32398 108.18177126.99877149.33393 175.85010 207.33274 244.71197) 289.08827 35.13274 41.37944 49.00268 58.32834 69.76079 83.80168101.07304 122.34587| 148.57522| 180.94342| 220.91317| 270.29261 331.31511 406.73701 499.95692 615.16161 42.07688 50.99437| 62.27594 76.59831 94.83632 118.12087|147.91346 186.10215 235.12472 298.12681 379.16441 483.46312 617.74933 790.67288 1,013.34568 1,300.02703 49.37524 61.61002 77.663301 98.82654 126.83976|164.04768|213.60957 279.78104 368.29187] 486.85181 645.82693 859.14239 1,145.48579 1,529.90861 2,045.95385 2,738.47840 57.04589 73.33056 95.50146 125.87057|167.68516225.50812 305.751761 417.42607 573.18602 790.795321,095.16880|1,521.21764 2,117.80603 2,953.24387 4,122.89773 5,759.71774 65.10781 86.27099 116.18077|158.77377219.81540307.75606434.98595 619.67177| 888.44108 1,280.29938|1,852.335982,688.02044 3,909.24304 5,693.75433 8,300.37372 12,105.352581 182.48637|116.33257|167.945041247.51031.371.262901565.115871870.46681 1.353.4703602.119.8234213.338.2980315.278. 1230818.368.23805113.291.00327121.130.05194/33.602.99038/53.426.7099018 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 1 0.83333 0.84034 0.970590.94232 0.9151410.88900 0.86384|0.83962|0.81630|0.79383|0.77218|0.75131 0.73119 0.711780.693050.674970.65752|0.64066 0.624370.608630.59342|0.57870 OWN 0.951470.905730.862610.821930.783530.74726|0.71299 0.680580.649930.62092|0.593450.567430.542760.51937|0.497180.47611 0.45611 0.437110.419050.40188 6 7 0.94205 0.887970.837480.790310.74622 0.704960.666340.630170.59627|0.564470.534640.506630.480320.45559 0.432330.41044|0.389840.370430.352140.33490 0.932720.87056 0.81309|0.75992/0.71068|0.665060.62275 0.58349|0.547030.513160.481660.452350.425060.399640.37594|0.353830.3332010.313930.29592|0.27908 0.92348 0.853490.789410.730690.676840.62741 0.582010.54027 0.501870.466510.433930.40388 0.376160.35056|0.32690 0.305030.28478 0.266040.24867|0.23257 0.914340.83676 0.76642|0.70259 0.644610.59190|0.543930.500250.460430.42410|0.390920.36061 0.33288|0.30751 0.28426/0.26295 0.24340|0.225460.20897|0.19381 8 9 10 0.88745 0.788490.70138 0.624600.556840.496970.444010.397110.35553|0.31863 0.28584|0.25668 0.230710.207560.186910.16846|0.151970.137220.124000.11216 11 12 13 14 15 0.86996|0.757880.661120.57748 0.50507|0.442300.387820.34046|0.29925 0.263330.23199 0.20462 0.18068|0.15971 0.141330.1252010.1110210.09855 0.08757|0.07789 0.861350.74301 0.641860.555260.481020.41727|0.36245 0.315240.27454 0.23939|0.20900 0.18270/0.15989 0.14010 0.12289|0.107930.094890.08352 0.07359 0.06491 0.84438|0.71416 0.60502 0.513370.43630|0.371360.31657|0.27027|0.23107|0.19784|0.16963|0.14564|0.12522 0.10780/0.092930.080210.06932 0.05998|0.051960.04507 16 17 18 19 20 0.827740.68643|0.57029 0.474640.395730.33051 0.276510.23171 0.19449|0.16351 0.13768 0.11611 0.098060.08295 0.070270.059610.05064 0.04308|0.03670 0.03130 25 30 35 40 45 50 0.779770.609530.47761|0.375120.29530|0.233000.184250.14602 0.115970.09230|0.073610.058820.0471010.037790.03038|0.02447 0.01974|0.015960.012920.01048 0.741920.55207 0.41199 0.308320.23138 0.17411 0.131370.09938|0.075370.057310.04368|0.03338|0.02557|0.01963|0.0151010.011650.00900 0.00697|0.00541 0.00421 0.705910.500030.355380.253420.18129 0.13011 0.093660.06763|0.04899 0.03558|0.02592 0.01894|0.01388|0.01019 0.00751 0.005550.004110.00305 0.00227|0.00169 0.671650.45289 0.30656|0.20829 0.14205 0.09722|0.066780.046030.03184 0.022090.01538 0.010750.00753 0.00529 0.00373|0.00264 0.001870.001330.000950.00068 10.63905 0.410200.264440.1712010.11130|0.07265 0.047610.031330.020690.01372 0.009130.006100.00409 0.002750.00186 0.001260.00085 0.000580.000400.00027 0.608040.371530.22811 0.140710.087200.054290.033950.02132|0.013450.008520.00542|0.003460.00222|0.00143|0.000920.000600.000390.00025 0.000170.00011 5% 9% Present Value of an Ordinary Annuity Periods 1% 2% 3% 4% 6% 7% 8% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 1 0.990101 0.98039 0.97087 0.96154 0.95238] 0.94340 0.93458 0.92593 0.917430.90909 0.90090 0.892860.884960.87719 0.869570.86207|0.85470|0.84746|0.84034 2 1.97040 1.94156 1.91347 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554/1.71252 1.69005 1.668101.64666 1.62571 1.605231.58521 1.56564|1.54650 3 2.94099 2.88388) 2.82861 2.77509 2.72325 2.67301 2.62432) 2.577101 2.531292.486852.443712.401832.361152.321632.283232.245892.209582.17427 2.13992 4 3.90197 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16987 3.102453.037352.974472.913712.854982.798182.743242.690062.63859 5 4.85343] 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.889653.79079 3.69590|3.60478/3.517233.43308|3.35216|3.274293.199353.127173.05763 6 7 8 5.79548] 5.60143 5.41719 5.24214| 5.07569 4.91732 4.76654 4.62288 4.48592 4.355264.23054|4.111413.99755 3.888673.78448|3.684743.58918|3.49760 3.40978 6.72819 6.47199 6.23028) 6.00205 5.78637) 5.58238 5.38929 5.20637) 5.03295 4.86842 4.7122014.56376|4.42261 4.2883014.16042 4.038573.92238 3.811533.70570 7.65168] 7.32548 7.01969 6.73274 6.46321 6.20979 5.971301 5.74664 5.534825.334935.14612 4.967644.79877|4.63886|4.48732 4.343594.20716 4.07757|3.95437 8.56602 8.16224 7.78611 7.43533 7.10782 6.80169 6.51523 6.24689 5.995255.759025.537055.328255.131664.946374.77158 4.60654 4.450574.30302 4.16333 9.47130 8.98259 8.530201 8.11090 7.72173 7.36009 7.02358 6.71008 6.417666.144575.889235.650225.426245.216125.01877|4.833234.658604.494094.33893 9 10 11 12 13 14 15 10.36763 9.78685 9.25262 8.76048 8.30641 7.88687 7.49867 7.13896 6.805196.4950616.206525.937705.686945.452735.233715.028644.836414.65601 4.48650 11.25508 10.57534 9.95400 9.38507| 8.86325 8.38384 7.94269 7.53608 7.160736.813696.492366.194375.917655.660295.42062/5.19711 4.988394.79322 4.61050 12.13374 11.34837 10.63496 9.98565| 9.39357 8.85268] 8.35765 7.90378) 7.48690 7. 1033616.749876.423556.121815.8423615.583155.342335.118284.909514.71471 13.00370 12.10625 11.29607|10.563120 9.89864 9.29498) 8.74547| 8.24424) 7.786157.366696.981876.6281716.302496.00207|5.72448|5.467535.22930/5.008064.80228 13.86505 12.84926 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948| 8.0606917.60608 7.190876.810866.462386.142175.84737|5.57546 5.32419 5.09158 4.87586 16 17 18 19 20 14.71787|13.57771 12.56110 11.65230 10.8377710.105900 9.44665 8.85137| 8.312567.823717.379166.973996.6038816.265065.954235.668505.40529 5.162354.93770 15.5622514.29187|13.1661212.16567 11.27407 10.47726 9.76322 9.12164 8.543638.02155 7.54879|7.11963/6.72909|6.37286/6.047165.748705.474615.22233 4.98966 16.39827 14.99203 13.75351 12.65930 11.68959 10.82760 10.05909 9.37189 8.755638.20141 7.7016217.249676.839916.46742/6.127975.817855.533855.273165.03333 17.22601 15.6784614.32380 13.13394|12.08532 11.15812 10.335601 9.60360 8.95011 8.3649207.839297.365786.9379716.55037|6.19823/5.877465.58449 5.31624 5.07003 18.04555 16.35143 14.87747|13.5903312.46221 11.46992 10.59401 9.81815 9.128558.51356 7.9633317.469447.02475/6.623136.259335.928845.62777|5.352755.10086 25 30 35 40 45 50 60 22.02316|19.52346 17.41315 15.62208|14.0939412.78336 11.65358 10.67478 9.82258|9.077048.421747.8431417.32998 6.872936.464156.097095.766235.466915. 19515 25.8077122.3964619.60044 17.29203|15.3724513.76483 12.40904 11.25778 10.273659.426918.69379|8.0551817.49565 7.002666.56598 6.177205.829395.516815.23466 29.4085824.99862 21.48722 18.66461 16.37419 14.49825 12.94767|11.65457 10.56682|9.644168.85524 8. 1755017.58557 7.070056.616616.215345.858205.53862/5.25122 32.8346927.35548 23.11477|19.79277|17.15909 15.04630 13.33171 11.92461 10.757369.779058.95105 8.243787.63438 7.105046.641786.233505.871335.548155.25815 36.0945129.4901624.5187120.7200417.77407 15.4558313.60552 12.10840 10.8812019.86281 9.00791 8.2825217.66086/7.1232216.654296.2421415.87733|5.5523215.26106 39.19612 31.4236125.72976|21.4821818.2559315.76186 13.80075 12.23348|10.96168/9.91481 9.041658.30450 7.67524/7. 132666.660516.2462615.8800615.5541415.26228 144.95504 34.76089127.67556.22.62349118.92929.16.16143 14.03918112.37655 11.04799/9.9671619.073568.3240517.68728|7.1401116.6651516.2491515.88188/5.5552915.26300 5% Present Value of an Annuity Due 3% 6% 7% 4% 8% 1% 9% 10% 2% 11% 13% Periods 12% 14% 15% 17% 16% 18% 19% 1 1.00000 1.00000 1.000000 1.000000 1.00000 1.00000 1.00000 1.00000 1.00000 1.000000 1.00000/1.00000/1.00000 1.000001.00000/1.00000 1.00000/1.00000 1.00000 2 1.99010 1.98039 1.97087 1.96154 1.95238 1.94340 1.93458 1.92593 1.91743 1.90909 1.90090 1.892861.88496 1.877191.86957|1.86207|1.854701.84746 1.84034 3 2.97040 2.94156 2.91347) 2.88609| 2.85941 2.83339 2.80802 2.78326 2.75911 2.73554 2.712522.690052.668102.646662.625712.60523 2.585212.565642.54650 4 3.94099 3.88388 3.82861 3.77509 3.72325 3.67301 3.62432 3.57710 3.53129 3.48685 3.44371 3.401833.361153.321633.283233.24589|3.20958|3.17427 3.13992 5 4.90197 4.80773 4.71710 4.62990 4.54595 4.46511 4.38721 4.31213| 4.23972| 4.16987| 4.102454.037353.97447|3.91371 3.85498 3.798183.74324 3.690063.63859 6 7 8 5.85343 5.71346 5.57971 5.45182| 5.32948 5.21236 5.10020 4.99271 4.88965 4.79079 4.69590 4.60478 4.517234.43308 4.352164.27429 4.199354.127174.05763 6.79548] 6.60143 6.41719 6.24214 6.07569 5.91732 5.76654| 5.62288 5.48592 5.35526 5.23054 5.111414.99755 4.88867|4.78448 4.68474/4.5891814.49760 4.40978 7.72819 7.47199 7.23028 7.00205 6.78637 6.58238 6.38929 6.20637 6.03295 5.86842| 5.7122015.563765.422615.288305.160425.03857|4.92238|4.811534.70570 8.65168 8.32548 8.01969 7.732741 7.46321 7.20979 6.971301 6.74664 6.53482 6.33493 6.146125.96764/5.79877|5.638865.487325.34359 5.207165.07757|4.95437 9.56602 9.16224 8.78611 8.43533 8.10782 7.80169 7.51523 7.24689 6.99525 6.75902 6.537056.328256.131665.946375.771585.6065415.450575.303025.16333 9 10 11 12 13 14 15 10.471301 9.98259 9.53020 9.110901 8.72173 8.36009 8.02358) 7.71008 7.41766| 7.14457 6.889236.650226.426246.21612/6.018775.83323|5.65860 5.494095.33893 11.36763|10. 685 10.2 9.76048 9.30641 49867) 8.13896 .80519 7.49506 6.93770/6.686946.452736.23 6.028645.836415.656015.48650 12.25508 11.57534 10.95400 10.38507) 9.86325| 9.38384 8.94269 8.53608 8.16073 7.81369 7.49236 7.194376.917656.660296.42062/6.197115.988395.79322/5.61050 13.13374 12.34837 11.63496 10.98565 10.393571 9.85268 9.35765 8.90378 8.486901 8.10336 7.749877.42355 7.121816.8423616.583156.34233 6.11828|5.909515.71471 14.00370 13.10625/12.29607 11.56312 10.89864 10.294981 9.74547| 9.24424 8.78615 8.36669 7.98187 7.6281717.30249 7.0020716.724486.467536.22930/6.008065.80228 16 17 18 19 20 14.8650513.84926 12.93794|12.11839 11.3796610.71225 10.10791 9.55948 9.06069| 8.60608 8.190877.810867.46238 7. 142176.847376.575466.32419|6.091585.87586 15.71787 14.57771 13.56110 12.65230 11.83777|11.1059010.44665 9.85137) 9.31256) 8.82371 8.379167.97399 7.6038817.265066.954236.66850/6.405296.162355.93770 16.5622515.29187|14.1661213.16567 12.27407 11.4772610.76322 10.12164 9.54363 9.02155 8.54879 8.119637.729097.3728617.0471616.74870/6.474616.22233|5.98966 17.39827|15.9920314.7535113.65930 12.68959 11.82760 11.05909 10.37189 9.75563 9.20141 8.70162 8.24967 7.839917.46742 7.127976.817856.533856.273166.03333 18.2260116.67846|15.32380|14.13394 13.08532 12.15812 11.33560 10.60360 9.95011 9.36492 8.83929 8.36578/7.93797 7.55037 7. 198236.87746 6.584496.31624 6.07003 25 30 35 40 45 50 60 22.24339|19.91393|17.9355416.24696 14.79864|13.55036|12.46933 11.52876 10.70661 9.98474 9.348148.784328.282887.835147.4337717.072636.746496.450956.18223 26.0657922.84438|20.18845 17.98371 16.14107 14.59072 13.27767|12.15841 11.19828 10.36961 9.650119.021818.470097.983047.55088 7.165556.820396.509836.22924 29.7026725.4985922.13184|19.4112017. 19290|15.36814|13.85401 12.58693 11.51784 10.60857 9.82932 9.156568.57170 8.059857.6091017.209796.8540916.535576.24895 33.1630327.90259|23.80822.20.58448|18.0170415.94907 14.26493|12.87858 11.72552 10.75696 9.935679.233038.626848.09975 7.638057.230866.869466.546826.25720 36.45545 30.0799625.2542721.5488418.66277|16.38318|14.5579113.07707|11.86051 10.84909 9.998789.27642 8.65678 8.12047 7.6524417.240896.876476.551746.26066 39.58808|32.0520826.5016622.34147 19.16872 16.70757|14.76680 13.21216 11.94823 10.9063010.03624|9.301048.67302 8.131237.65959 7.245666.879676.55389|6.26211 145.4045935.45610128.50583123.5284319.875751 17.13111115.02192113.36668|12.04231110.96387110.0716519.3229418.68663/8.1397217.6649217.2490216.8818016.5552416.262971 Elena Fiore wants to open a new factory in New Jersey. The company can either purchase or lease the factory. There are three options available for Elena Fiore: (Click the icon to view the options.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) Requirement Interest is compounded annually. Which option should Elena Fiore choose given a 5% interest rate? (Click the icon to view the Present Value of an Annuity Due table.) First, calculate the present value of each option. (Ignore any depreciation expense for purposes of this problem. Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round any intermediary currency calculations and your final answer to the nearest cent, $X.XX.) Present value Option 1 350000 Option 2 Option 3 Elena Fiore should select because this option results in the V present value. More Info 1. Purchase a factory with a useful life of 10 years today for $350,000 in cash. This factory has no additional space for rent. 2. Lease a factory with annual lease payments of $70,000 for 10 years. Payments are made at the beginning of each year. 3. Purchase a factory with a useful life of 10 years today for $420,000. In addition, the company can rent some additional space for annual rent of $3,000. Assume Elena Fiore would receive the rental payments at the end of each year