I loved your work the last time you did a excel sheet for me. I will tip as well this time too. One excel sheet and work shown.

Consider the following scenario:

Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million. The lift will allow 300 additional skiers on the slopes, but there are only 40 days a year when the extra capacity will be needed. (Assume that Deer Valley Lodge will sell all 300 lift tickets on those 40 days.) Running the new lift will cost $500 a day for the entire 200 days the lodge is open. Assume that the lift tickets at Deer Valley cost $55 a day. The new lift has an economic life of 20 years.

1. Assumethatthebefore-taxrequiredrateofreturnforDeerValleyis14%.Computethebefore-taxNPVofthenewliftandadvisethemanagersofDeerValleyaboutwhetheraddingtheliftwillbeaprofitableinvestment.Showcalculationstosupportyouranswer.
3. Assumethattheafter-taxrequiredrateofreturnforDeerValleyis8%,theincometaxrateis40%,andtheMACRSrecoveryperiodis10years.Computetheafter-taxNPVofthenewliftandadvisethemanagersofDeerValleyaboutwhetheraddingtheliftwillbeaprofitableinvestment.Showcalculationstosupportyouranswer.
5. What subjective factors would affect the investment decision?

You can view a present value table

Appendix: Time Value of Money Tables American Management Association. All rights reserved. 209 American Management Association. All rights reserved. Present Value Table 1% 2% 1 0.990 0.980 2 0.980 0.961 3 0.971 0.942 4 0.961 0.924 5 0.951 0.906 6 0.942 0.888 7 0.933 0.871 8 0.923 0.853 9 0.914 0.837 10 0.905 0.820 11 0.896 0.804 12 0.887 0.788 13 0.879 0.773 14 0.870 0.758 15 0.861 0.743 16 0.853 0.728 17 0.844 0.714 18 0.836 0.700 19 0.828 0.686 20 0.820 0.673 21 0.811 0.660 22 0.803 0.647 23 0.795 0.634 24 0.788 0.622 25 0.780 0.610 26 0.772 0.598 27 0.764 0.586 28 0.757 0.574 29 0.749 0.583 30 0.742 0.552 31 0.735 0.541 32 0.727 0.531 33 0.720 0.520 34 0.713 0.510 35 0.706 0.500 36 0.699 0.490 37 0.692 0.481 38 0.685 0.471 39 0.678 0.462 40 0.672 0.453 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 0.522 0.507 0.492 0.478 0.464 0.450 0.437 0.424 0.412 0.400 0.388 0.377 0.366 0.355 0.345 0.335 0.325 0.316 0.307 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.439 0.422 0.406 0.390 0.375 0.361 0.347 0.333 0.321 0.308 0.296 0.285 0.274 0.264 0.253 0.244 0.234 0.225 0.217 0.206 5% 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.506 0.481 0.458 0.436 0.416 0.396 0.377 0.359 0.342 0.326 0.310 0.296 0.281 0.268 0.255 0.243 0.231 0.220 0.210 0.200 0.190 0.181 0.173 0.164 0.157 0.149 0.142 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.294 0.278 0.262 0.247 0.233 0.220 0.207 0.196 0.185 0.174 0.164 0.155 0.146 0.138 0.130 0.123 0.116 0.109 0.103 0.097 7% 0.935 0.873 0.816 0.763 0.713 0.666 0.623 0.582 0.544 0.508 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.242 0.226 0.211 0.197 0.184 0.172 0.161 0.150 0.141 0.131 0.123 0.115 0.107 0.100 0.094 0.088 0.082 0.076 0.071 0.067 8% 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.199 0.184 0.170 0.158 0.146 0.135 0.125 0.116 0.107 0.099 0.092 0.085 0.079 0.073 0.068 0.063 0.058 0.054 0.050 0.046 9% 0.917 0.842 0.772 0.708 0.650 0.596 0.547 0.502 0.460 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 0.212 0.194 0.178 0.164 0.150 0.138 0.126 0.116 0.106 0.098 0.090 0.082 0.075 0.069 0.063 0.058 0.053 0.049 0.045 0.041 0.038 0.035 0.032 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.135 0.123 0.112 0.102 0.092 0.084 0.076 0.069 0.063 0.057 0.052 0.047 0.043 0.039 0.036 0.032 0.029 0.027 0.024 0.022 11% 0.901 0.812 0.731 0.659 0.593 0.535 0.482 0.434 0.391 0.352 0.317 0.286 0.258 0.232 0.209 0.188 0.170 0.153 0.138 0.124 0.112 0.101 0.091 0.082 0.074 0.066 0.060 0.054 0.048 0.044 0.039 0.035 0.032 0.029 0.026 0.023 0.021 0.019 0.017 0.015 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.093 0.083 0.074 0.066 0.059 0.053 0.047 0.042 0.037 0.033 0.030 0.027 0.024 0.021 0.019 0.017 0.015 0.013 0.012 0.011 13% 0.885 0.783 0.693 0.613 0.543 0.480 0.425 0.376 0.333 0.295 0.261 0.231 0.204 0.181 0.160 0.141 0.125 0.111 0.098 0.087 0.077 0.068 0.060 0.053 0.047 0.042 0.037 0.033 0.029 0.026 0.023 0.020 0.018 0.016 0.014 0.012 0.011 0.010 0.009 0.006 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.064 0.056 0.049 0.043 0.038 0.033 0.029 0.026 0.022 0.020 0.017 0.015 0.013 0.012 0.010 0.009 0.008 0.007 0.006 0.005 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.294 0.247 0.215 0.187 0.163 0.141 0.123 0.107 0.093 0.081 0.070 0.061 0.053 0.046 0.040 0.035 0.030 0.026 0.023 0.020 0.017 0.015 0.013 0.011 0.010 0.009 0.008 0.007 0.006 0.005 0.004 0.004 16% 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.283 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 0.044 0.038 0.033 0.028 0.024 0.021 0.018 0.016 0.014 0.012 0.010 0.009 0.007 0.006 0.006 0.005 0.004 0.004 0.003 0.003 17% 0.855 0.731 0.624 0.534 0.456 0.390 0.333 0.285 0.243 0.206 0.178 0.152 0.130 0.111 0.095 0.081 0.069 0.059 0.051 0.043 0.037 0.032 0.027 0.023 0.020 0.017 0.014 0.012 0.011 0.009 0.008 0.007 0.006 0.005 0.004 0.004 0.003 0.003 0.002 0.002 18% 0.847 0.718 0.609 0.516 0.437 0.370 0.314 0.266 0.225 0.191 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 0.014 0.011 0.010 0.008 0.007 0.006 0.005 0.004 0.004 0.003 0.003 0.002 0.002 0.002 0.001 19% 0.840 0.706 0.593 0.499 0.419 0.352 0.296 0.249 0.209 0.176 0.148 0.124 0.104 0.088 0.074 0.062 0.052 0.044 0.037 0.031 0.026 0.022 0.018 0.015 0.013 0.011 0.009 0.008 0.006 0.005 0.005 0.004 0.003 0.003 0.002 0.002 0.002 0.001 0.001 0.001 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 0.136 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 0.006 0.005 0.004 0.004 0.003 0.002 0.002 0.002 0.001 0.001 0.001 0.001 0.001 American Management Association. All rights reserved. Present Value of an Annuity Table 1% 2% 3% 4% 1 0.990 0.980 0.971 0.962 2 1.970 1.942 1.913 1.885 3 2.941 2.884 2.829 2.775 4 3.902 3.808 3.717 3.630 5 4.853 4.713 4.580 4.452 6 5.795 5.601 5.417 5.242 7 6.728 6.472 6.230 6.002 8 7.652 7.325 7.020 6.733 9 8.566 8.162 7.786 7.435 10 9.471 8.963 8.530 8.111 11 10.368 9.787 9.253 8.760 12 11.255 10.575 9.954 9.385 13 12.134 11.348 10.635 9.986 14 13.004 12.106 11.296 10.563 15 13.865 12.849 11.938 11.118 16 14.718 13.578 12.561 11.652 17 15.582 14.292 13.166 12.166 18 16.396 14.992 13.754 12.659 19 17.226 15.678 14.324 13.134 20 18.046 16.351 14.877 13.590 21 18.857 17.011 15.415 14.029 22 19.660 17.658 15.937 14.451 23 20.456 18.292 16.444 14.857 24 21.243 18.914 16.936 15.247 25 22.023 19.523 17.413 15.622 26 22.795 20.121 17.877 15.963 27 23.560 20.707 18.327 16.330 28 24.316 21.281 18.764 16.663 29 25.066 21.844 19.188 16.984 30 25.806 22.396 19.800 17.292 31 26.542 22.938 20.000 17.588 32 27.270 23.468 20.389 17.874 33 27.990 23.989 20.766 18.148 34 28.703 24.499 21.132 18.411 35 29.409 24.999 21.487 18.665 36 30.108 25.489 21.832 18.908 37 30.800 25.969 22.167 19.143 38 31.485 26.441 22.492 19.368 39 32.163 26.903 22.808 19.584 40 32.835 27.355 23.115 19.793 5% 0.962 1.859 2.723 3.546 4.329 5.076 5.796 6.463 7.108 7.722 8.306 9.863 9.384 9.800 10.380 10.838 11.274 11.690 12.085 12.462 12.821 13.163 13.499 13.799 14.094 14.375 14.643 14.996 15.141 15.372 15.593 15.803 16.003 16.193 16.374 16.547 16.711 16.968 17.017 17.169 6% 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 7.887 8.384 8.853 9.295 9.712 10.106 10.477 10.828 11.158 11.470 11.764 12.042 12.303 12.550 12.783 13.003 13.211 13.406 13.591 13.765 13.929 14.084 14.230 14.368 14.498 14.621 14.737 14.846 14.949 15.046 7% 0.935 1.808 2.624 3.387 4.100 4.767 5.389 5.971 6.515 7.024 7.499 7.943 8.358 8.745 9.108 9.447 9.763 10.059 10.336 10.594 10.836 11.061 11.272 11.469 11.654 11.826 11.987 12.137 12.278 12.409 12.532 12.647 12.754 12.854 12.948 13.035 13.117 13.193 13.265 13.332 8% 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 10.017 10.201 10.371 10.529 10.675 10.810 10.935 11.051 11.158 11.258 11.350 11.435 11.514 11.587 11.655 11.717 11.775 11.829 11.879 11.925 9% 0.917 1.759 2.531 3.240 3.890 4.486 5.033 5.535 5.995 6.418 6.805 7.161 7.487 7.786 8.061 8.313 8.544 8.756 8.950 9.129 9.292 9.442 9.580 9.707 9.823 9.929 10.027 10.116 10.198 10.274 10.343 10.406 10.464 10.518 10.587 10.612 10.653 10.691 10.726 10.757 10% 0.909 1.736 2.487 3.170 3.791 4.355 4.968 5.335 6.759 6.145 6.496 6.914 7.103 7.387 7.606 7.824 8.022 8.201 8.366 8.514 8.649 8.772 8.883 8.965 9.077 9.161 9.237 9.307 9.370 9.427 9.479 9.526 9.569 9.609 9.644 9.677 9.706 9.733 9.757 9.779 11% 0.901 1.713 2.444 3.102 3.696 4.231 4.712 5.146 5.537 5.889 6.207 6.492 6.750 6.982 7.191 7.379 7.549 7.702 7.839 7.963 8.075 8.176 8.266 8.348 8.422 8.488 8.546 8.602 8.650 8.694 8.733 8.769 8.801 8.829 8.855 8.879 8.900 8.919 8.936 8.961 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 6.974 7.120 7.250 7.366 7.489 7.562 7.645 7.718 7.784 7.843 7.896 7.943 7.984 8.022 8.055 8.085 8.112 8.135 8.157 8.176 8.192 8.208 8.221 8.233 8.244 13% 0.885 1.668 2.361 2.974 3.517 3.998 4.423 4.799 5.132 5.426 5.687 5.918 6.122 6.302 6.462 6.604 6.729 6.840 6.938 7.025 7.102 7.170 7.230 7.283 7.330 7.372 7.409 7.441 7.470 7.496 7.518 7.538 7.556 7.572 7.588 7.598 7.609 7.618 7.627 7.634 14% 0.877 1.647 2.322 2.914 3.433 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 6.743 6.792 6.835 6.873 6.906 6.935 6.961 6.983 7.003 7.020 7.035 7.048 7.060 7.070 7.079 7.087 7.094 7.100 7.106 15% 0.870 1.626 2.283 2.855 3.352 3.784 4.160 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5.947 5.964 6.047 6.128 6.196 6.259 6.312 6.359 6.399 6.434 6.464 6.491 6.541 6.534 6.551 6.566 6.579 6.591 6.600 6.609 6.617 6.623 6.629 6.634 6.638 6.642 16% 0.862 1.605 2.246 2.798 3.274 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.668 5.749 5.818 5.877 5.929 5.973 6.011 6.044 6.073 6.097 6.118 6.136 6.152 6.166 6.177 6.187 6.196 6.203 6.210 6.215 6.220 6.224 6.228 6.231 6.233 17% 0.855 1.585 2.210 2.743 3.199 3.589 3.922 4.207 4.451 4.669 4.836 4.988 5.118 5.229 5.324 5.405 5.475 5.534 5.584 5.628 5.665 5.696 5.723 5.746 5.766 5.783 5.796 5.810 5.820 5.829 5.837 5.844 5.846 5.854 5.858 5.882 5.865 5.867 5.869 5.871 18% 0.847 1.566 2.174 2.690 3.127 3.498 3.812 4.078 4.303 4.494 4.656 4.793 4.910 5.008 5.092 5.162 5.222 5.273 5.316 5.363 5.384 5.410 5.432 5.451 5.467 5.480 5.492 5.502 5.510 5.517 5.523 5.528 5.532 5.536 5.539 5.541 5.543 5.545 5.547 5.548 19% 0.840 1.547 2.140 2.639 3.058 3.410 3.706 3.954 4.163 4.339 4.486 4.611 4.715 4.802 4.876 4.938 4.990 5.033 5.070 5.101 5.127 5.149 5.167 5.182 5.195 5.206 5.215 5.223 5.229 5.236 5.239 5.243 5.246 5.249 5.251 5.253 5.255 5.256 5.257 5.258 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.730 4.775 4.812 4.843 4.870 4.891 4.909 4.925 4.937 4.948 4.956 4.964 4.970 4.975 4.979 4.982 4.965 4.985 4.990 4.992 4.993 4.994 4.995 4.996 4.997 American Management Association. All rights reserved. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 1% 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.462 11.567 12.683 13.809 14.947 16.097 17.258 18.430 19.615 20.811 22.019 23.239 24.472 25.716 26.973 28.243 29.526 30.821 32.129 33.450 34.785 36.133 37.494 38.869 40.258 41.660 43.077 44.508 45.953 47.412 48.886 2% 1.000 2.020 3.060 4.122 5.204 6.308 7.434 8.583 9.755 10.950 12.169 13.412 14.680 15.974 17.293 18.639 20.012 21.412 22.841 24.297 25.783 27.299 28.845 30.422 32.030 33.671 35.344 37.051 38.792 40.568 42.379 44.227 46.112 48.034 49.994 51.994 54.034 56.115 58.237 60.402 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.159 11.464 12.808 14.192 15.618 17.086 18.599 20.157 21.762 23.414 25.117 26.870 28.676 30.537 32.453 34.426 36.459 38.553 40.710 42.931 45.219 47.575 50.003 52.503 55.078 57.730 60.462 63.276 66.174 69.159 72.234 75.401 4% 1.000 2.040 3.122 4.246 5.416 6.633 7.898 9.241 10.583 12.006 13.486 15.026 16.627 18.292 20.024 21.825 23.698 25.645 27.671 29.778 31.969 34.248 36.618 39.083 41.646 44.312 47.084 49.968 52.966 56.085 59.328 62.701 66.210 69.858 73.652 77.598 81.702 85.970 90.409 95.026 Future Value of an Annuity Table 5% 1.000 2.050 3.153 4.310 5.526 6.802 8.142 9.549 11.207 12.578 14.207 15.917 17.713 19.599 21.579 23.657 25.840 28.132 30.539 33.066 35.719 38.505 41.430 44.502 47.727 51.113 54.669 58.403 62.323 66.439 70.761 75.299 80.064 85.067 90.320 95.836 101.628 107.710 114.095 120.800 6% 1.000 2.060 3.184 4.375 5.637 6.975 8.394 9.897 11.491 13.181 14.972 16.870 18.882 21.015 23.276 25.673 28.213 30.906 33.760 36.786 39.993 43.392 46.996 50.816 54.865 59.156 63.706 68.528 73.640 79.058 84.802 90.890 97.343 104.184 111.435 119.121 127.268 135.904 145.058 154.762 7% 1.000 2.070 3.215 4.440 5.751 7.153 8.654 10.260 11.978 13.816 15.784 17.888 20.141 22.550 25.129 27.888 30.840 33.999 37.379 40.995 44.865 49.006 53.436 58.177 63.249 68.676 74.484 80.698 87.347 94.461 102.073 110.218 118.933 128.259 138.237 148.913 160.337 172.561 185.640 199.635 8% 1.000 2.080 3.246 4.506 5.867 7.336 8.923 10.637 12.488 14.487 16.645 18.977 21.495 24.215 27.152 30.324 33.750 37.450 41.446 45.762 50.423 55.457 60.893 66.765 73.106 79.954 87.351 95.339 103.966 113.283 123.346 134.214 145.951 158.627 172.317 187.102 203.070 220.316 238.941 259.057 9% 1.000 2.090 3.278 4.573 5.985 7.523 9.200 11.028 13.021 15.193 17.560 20.141 22.953 26.019 29.361 33.003 36.974 41.301 46.018 51.160 56.765 62.873 69.532 76.790 84.701 93.324 102.723 112.968 124.135 136.308 149.575 164.037 179.800 196.982 215.711 236.125 258.376 282.630 309.066 337.882 10% 1.000 2.100 3.310 4.641 6.105 7.716 9.487 11.436 13.579 15.937 18.531 21.384 24.523 27.975 31.772 35.950 40.545 45.599 51.159 57.275 64.002 71.403 79.543 88.497 98.347 109.182 121.100 134.210 148.631 164.494 181.943 201.138 222.252 245.477 271.024 299.127 330.039 364.043 401.448 442.593 11% 1.000 2.110 3.342 4.710 6.228 7.913 9.783 11.859 14.164 16.722 19.561 22.713 26.212 30.095 34.405 39.190 44.501 50.396 56.939 64.203 72.265 81.214 91.148 102.174 114.413 127.999 143.079 159.817 178.397 199.021 221.913 247.324 275.529 306.837 341.590 380.164 422.982 470.511 523.267 581.826 12% 13% 14% 1.000 1.000 1.000 2.120 2.130 2.140 3.374 3.407 3.440 4.779 4.850 4.921 6.353 6.480 6.610 8.115 8.323 8.536 10.089 10.405 10.730 12.300 12.757 13.233 14.776 15.416 16.085 17.549 18.420 19.337 20.655 21.814 23.045 24.133 25.650 27.271 28.029 29.985 32.089 32.393 34.883 37.581 37.280 40.417 43.842 42.753 46.672 50.980 48.884 53.739 59.118 55.750 61.725 68.394 63.440 70.749 78.969 72.052 80.947 91.025 81.699 92.470 104.768 92.503 105.491 120.436 104.603 120.205 138.297 118.155 136.831 158.659 133.334 155.620 181.871 150.334 176.850 208.333 169.374 200.841 238.499 190.699 227.950 272.889 214.583 258.583 312.094 241.333 293.199 356.787 271.293 332.315 407.737 304.848 376.516 465.820 342.429 426.463 532.035 384.521 482.903 607.520 431.663 546.681 693.573 484.463 618.749 791.673 543.599 700.187 903.507 609.831 792.211 1030.998 684.010 896.198 1176.338 767.091 1013.704 1342.025 15% 1.000 2.150 3.473 4.993 6.742 8.754 11.067 13.727 16.786 20.304 24.349 29.002 34.352 40.505 47.580 55.717 65.075 75.836 88.212 102.444 118.810 137.632 159.276 184.168 212.793 245.712 283.569 327.104 377.170 434.745 500.957 577.100 664.666 765.365 881.170 1014.346 1167.498 1343.622 1546.165 1779.090 16% 1.000 2.160 3.506 5.066 6.877 8.977 11.414 14.420 17.519 21.321 25.733 30.850 36.786 43.672 51.660 60.925 71.673 84.141 98.603 115.380 134.841 157.415 183.601 213.978 249.214 290.088 337.502 392.503 456.303 530.312 616.162 715.747 831.267 965.270 1120.713 1301.027 1510.191 1752.822 2034.273 2360.757 17% 1.000 2.170 3.539 5.141 7.014 9.207 11.772 14.773 18.285 22.393 27.200 32.824 39.404 47.103 56.110 66.649 78.979 93.406 110.285 130.033 153.139 180.172 211.801 248.808 292.105 342.763 402.032 471.378 552.512 647.439 758.504 888.449 1040.486 1218.368 1426.491 1669.994 1954.894 2288.225 2678.224 3134.522 18% 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 23.521 28.755 34.931 42.219 50.818 60.965 72.939 87.068 103.740 123.414 146.628 174.021 206.345 244.487 289.494 342.063 405.272 479.221 566.481 669.447 790.948 934.319 1103.496 1303.125 1538.688 1816.652 2144.649 2531.686 2988.389 3527.299 4163.213 19% 1.000 2.190 3.606 5.291 7.297 9.683 12.523 15.902 19.923 24.709 30.404 37.180 45.244 54.841 66.261 79.850 96.022 115.266 138.166 165.418 197.847 236.438 282.362 337.010 402.042 479.431 571.522 681.112 811.523 966.712 1151.387 1371.15 1632.670 1943.877 2314.214 2754.914 3279.348 3903.424 4646.075 5529.829 20% 1.000 2.200 3.640 5.368 7.442 9.930 12.916 16.499 20.799 25.959 32.150 39.581 48.497 59.196 72.035 87.442 105.931 128.117 154.740 186.688 225.026 271.031 326.237 392.484 471.981 567.377 681.853 819.223 984.068 1181.882 1419.258 1704.109 2045.931 2456.118 2948.341 3539.009 4247.811 5098.373 6119.048 7343.858 American Management Association. All rights reserved. Future Value Tabl 1% 2% 1 1.010 1.020 2 1.020 1.040 3 1.030 1.061 4 1.041 1.082 5 1.051 1.104 6 1.062 1.126 7 1.072 1.149 8 1.083 1.172 9 1.094 1.195 10 1.105 1.218 11 1.116 1.243 12 1.127 1.268 13 1.138 1.294 14 1.149 1.319 15 1.161 1.346 16 1.173 1.373 17 1.184 1.400 18 1.196 1.428 19 1.208 1.457 20 1.220 1.486 21 1.232 1.516 22 1.245 1.546 23 1.257 1.577 24 1.270 1.608 25 1.282 1.641 26 1.295 1.673 27 1.308 1.707 28 1.321 1.741 29 1.335 1.776 30 1.348 1.811 31 1.361 1.848 32 1.375 1.885 33 1.389 1.922 34 1.403 1.961 35 1.417 2.000 36 1.431 2.040 37 1.445 2.081 38 1.460 2.122 39 1.474 2.165 40 1.489 2.208 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 1.860 1.916 1.974 2.033 2.094 2.157 2.221 2.288 2.357 2.427 2.500 2.575 2.652 2.732 2.814 2.898 2.985 3.075 3.167 3.262 4% 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1.873 1.948 2.026 2.107 2.191 2.279 2.370 2.465 2.563 2.666 2.772 2.883 2.999 3.119 3.243 3.373 3.508 3.648 3.794 3.946 4.104 4.268 4.439 4.616 4.801 5% 1.050 1.103 1.158 1.216 1.276 1.340 1.407 1.477 1.551 1.629 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.407 2.527 2.653 2.786 2.925 3.072 3.225 3.386 3.556 3.733 3.920 4.116 4.322 4.538 4.765 5.003 5.253 5.516 5.792 6.081 6.385 6.705 7.040 6% 1.060 1.124 1.191 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.012 2.133 2.261 2.397 2.540 2.693 2.854 3.026 3.207 3.400 3.604 3.820 4.049 4.292 4.549 4.822 5.112 5.418 5.743 6.088 6.453 6.841 7.251 7.686 8.147 8.636 9.154 9.704 10.286 7% 1.070 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.252 2.410 2.579 2.759 2.952 3.159 3.380 3.617 3.870 4.141 4.430 4.741 5.072 5.427 5.807 6.214 6.649 7.114 7.612 8.145 8.715 9.325 9.978 10.677 11.424 12.224 13.079 13.995 14.947 8% 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.426 3.700 3.996 4.316 4.661 5.034 5.437 5.871 6.341 6.848 7.396 7.988 8.627 9.317 10.063 10.868 11.737 12.676 13.690 14.785 15.968 17.246 18.625 20.115 21.725 9% 1.090 1.188 1.295 1.412 1.539 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 6.109 6.659 7.258 7.911 8.623 9.399 10.245 11.167 12.172 13.268 14.462 15.763 17.182 18.728 20.414 22.251 24.254 26.437 28.816 31.409 10% 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 6.116 6.727 7.400 8.140 8.954 9.850 10.835 11.918 13.110 14.421 15.863 17.449 19.194 21.114 23.225 25.548 28.102 30.913 34.004 37.404 41.145 45.259 11% 1.110 1.232 1.368 1.518 1.685 1.870 2.076 2.305 2.558 2.839 3.152 3.498 3.883 4.310 4.785 5.311 5.895 6.544 7.263 8.062 8.949 9.934 11.026 12.239 13.585 15.080 16.739 18.580 20.624 22.892 25.410 28.206 31.308 34.752 38.575 42.818 47.528 52.756 58.559 65.001 12% 1.120 1.254 1.405 1.574 1.762 1.974 2.211 2.476 2.773 3.106 3.479 3.896 4.363 4.887 5.474 6.130 6.866 7.690 8.613 9.646 10.804 12.100 13.552 15.179 17.000 19.040 21.325 23.884 26.750 29.960 33.555 37.582 42.092 47.143 52.800 59.136 66.232 74.180 83.081 93.051 13% 1.130 1.277 1.443 1.630 1.842 2.082 2.353 2.658 3.004 3.395 3.836 4.335 4.898 5.535 6.254 7.067 7.986 9.024 10.197 11.523 13.021 14.714 16.627 18.788 21.231 23.991 27.109 30.633 34.616 39.116 44.201 49.947 56.440 63.777 72.069 81.437 92.024 103.987 117.506 132.782 14% 1.140 1.300 1.482 1.689 1.925 2.195 2.502 2.853 3.252 3.707 4.226 4.818 5.492 6.261 7.138 8.137 9.276 10.575 12.056 13.743 15.668 17.861 20.362 23.212 26.462 30.167 34.390 39.204 44.693 50.950 58.083 66.215 75.485 86.053 98.100 111.834 127.491 145.340 165.687 188.884 15% 1.150 1.323 1.521 1.749 2.011 2.313 2.660 3.059 3.518 4.046 4.652 5.350 6.153 7.076 8.137 9.358 10.761 12.375 14.232 16.367 18.822 21.645 24.891 28.625 32.919 37.857 43.535 50.066 57.575 66.212 76.144 87.565 100.700 115.805 133.176 153.152 176.125 202.543 232.925 267.864 16% 1.160 1.346 1.561 1.811 2.100 2.436 2.826 3.278 3.803 4.411 5.117 5.936 6.886 7.988 9.266 10.748 12.468 14.463 16.777 19.461 22.574 26.186 30.376 35.236 40.874 47.414 55.000 63.800 74.009 85.850 99.586 115.520 134.003 155.443 180.314 209.164 242.631 281.452 326.484 378.721 17% 1.170 1.369 1.602 1.874 2.192 2.565 3.001 3.511 4.108 4.807 5.624 6.580 7.699 9.007 10.539 12.330 14.426 16.879 19.748 23.106 27.034 31.629 37.006 43.297 50.658 59.270 69.345 81.134 94.927 111.065 129.946 152.036 177.883 208.123 243.503 284.899 333.332 389.998 456.298 533.869 18% 19% 20% 1.180 1.190 1.200 1.392 1.416 1.440 1.643 1.685 1.728 1.939 2.005 2.074 2.288 2.386 2.488 2.700 2.840 2.986 3.185 3.379 3.583 3.759 4.021 4.300 4.435 4.785 5.160 5.234 5.695 6.192 6.176 6.777 7.430 7.288 8.064 8.916 8.599 9.596 10.669 10.147 11.420 12.839 11.974 13.590 15.407 14.129 16.172 18.488 16.672 19.244 22.186 19.673 22.901 26.623 23.214 27.252 31.948 27.393 32.429 38.338 32.324 38.591 46.005 38.142 45.923 55.206 45.008 54.649 66.247 53.109 65.032 79.497 62.669 77.388 95.396 73.949 92.092 114.475 87.260 109.589 137.371 102.967 130.411 164.845 121.501 155.189 197.814 143.371 184.675 237.376 169.177 219.764 284.852 199.629 261.519 341.822 235.563 311.207 410.186 277.964 370.337 492.224 327.997 440.701 590.668 387.037 524.434 708.802 456.703 624.076 850.562 538.910 742.651 1020.675 635.914 883.754 1224.810 750.378 1051.668 1469.772