I want to know how to figure out the 15443

and a detailed explanation of this example question

If we use an interest rate of 5%, the present value of the $20,000 annually for ten years is obtained by finding the factor using the formula above or to make it easy obtain it from Table A-4 (5% interest for 10 periods) which is 7.7217 and multiplied by $20,000 is $154,433. Far less than $200,000! 46 5 T 24 VOGED ESO 1876 . 0.4115 0.4716 0.101 0.6217 0.1095 0.3101 0.7955 0.27 0.2350 0.1511 140 61015 03 0.0017 0716 0.9650 Dua SE 3151 CHO 1160 0.00 000S 30 35 36 40 SO 0.1419 0.5521 0.4120 0313 0.7059 0.3554 02534 0.639 0.4902 0.3450 6241 06717 0.4529 6300 62083 8.600 0.3755 0.2251 6.1607 0.2314 0.1813 0.1727 0.1430 6.08.12 0.1741 001 0.1271 0.0972 0.053 0.1314 0.0937 0.08.15 B.OSCA 9,0339 2015 6.6873 0.0437 0.0356 0910 60323 0.0234 0.09 66221 0.0154 0134 . 0.0054 O.DE 0.042 5203 0.0334 0.0214 0.0109 2013 0.0169 0.0107 0.0071 0.0035 0.0022 TELOR paynan straat Table A-t Present Value Interest Factors for a one-Dollar Annuity Discounted atk Pere Period 10% 4 134 1005 1000 4.9229 ws 22 1.7833 LOCS'S 0.9004 1.9416 28830 3.0 47135 2 3 4 s 35 0.9709 1 9135 2.286 3.7171 4.5797 5% 0.9524 18594 27232 3.5460 1.9794 2.9410 3.9020 43534 4% 09415 16161 2.7751 3.6299 L410 59 0.9634 18334 2.5730 2.4651 2024 05346 1.00 2013 23672 1002 1.7355 2486 2571 6.9114 17531 25313 3237 2.000 0.009 17125 2437 3.1024 2.95 2.4018 3,0373 3.6040 HIE LE 29 2.974 SEC 20921 3.700 LIST 67665 44859 6 7 1991 462 3.3054 2 CERES OCCO HER 5.1955 C202 7.6517 4.5660 9.6713 5.6014 64970 7 3255 3.1622 8.926 5.4112 6.2393 7.0197 7.7661 52421 6.0021 67327 1053 41109 5.0757 5.764 6.4633 7.1070 7.7217 49473 1.3624 2990 6.6017 13601 5.9713 65152 7.0236 63559 42305 468 4.7123 $.3349 51461 15320 6.1406 3.1992 9 10 41114 45630 4.366 5.3202 S.Sca 55340 3.92 6411 62409 6.700 $1311 1.426 COST 11 12 13 14 15 10. 11.25 12. 130 12.004 11865 5.7866 10 575 10348 12.100 12849 3.2526 0.9540 10 635 11.296 11.930 ISME 95865 8.3064 8.6613 33916 3.0 10.30 7 33 8527 9.216 9.7122 TE 7947 3577 8.7655 3.1073 1.130 7.5311 7903 3.240 8.5535 CA 2137 7.1234 73667 7.6091 2015 6.2024 57499 65619 5.9377 194 4235 6.6282 68109 TENS 7.792 ST 5.4301 SIN 1211 30 6.463 10.63 11.118 1999 Z 73712 6.603 16 17 9140 71196 1718 15 562 10300 17226 18.046 13:57 14.292 1492 15.670 11.657 12166 12.09 12 561 13 166 13.754 1434 148TT 10 19 20 10.30 11.214 11,600 12.065 12.462 10.100 10.477 10.26 11.15 11.40 1.6666 87612 10.05 10.336 10.594 6.05 9.1216 37 1.6036 3.8151 6.729 68391 ZEME ASON 31216 7596 6.2014 3640 1295 2.5136 13.134 7.7010 7.8303 7.9633 INCS 13.590 73630 14614 T0241 21 SUT 10.017 LOCOS 10.857 19 660 20.450 21.203 27.023 22 23 24 25 17011 17,558 16.292 16.914 19.523 15.45 15937 16444 16.934 11.413 12.821 12.13 13.480 13.799 14094 14.451 14 AST 15 247 15.622 11.164 12.042 12303 12.556 12.83 10.036 11.06 11 272 11.466 11654 40751 11757 8.2654 2.2922 34414 35602 06 6225 8.647 8.7715 8982 ET 10.371 90529 19.675 7.5630 7.54 7.7164 7.7843 7.3431 7011 716 722 7 2631 7339 LUYE ! OLDE 84217 LIESE 1495 30 35 16.374 10270 10 567 9713 ESSE SRS 75.000 28.400 30.100 32.835 3319 2396 24 999 25489 27 355 31.414 1175 11.650 11717 90 10.64 21.487 2012 23.115 25.730 1792 18.565 TE 900 19.793 2142 13.785 14493 1420 15.506 12.09 12.91 2015 13332 11001 27594 3052 81755 8.1924 6230 8.3045 40 SCOIL 17.150 18 25 4376 9511 9.8417 0752 10 7.597 7636 7.675 OS NESE 12233 39 o payment strea' Table A-1 Present Value Interest Factors for a One-Dollar Annuity Discounted at k Perce Period 1 4% 0.9615 1 8061 2 1% 0.9901 1.9704 29410 3.9020 4.8534 2% 0.9804 1.9416 2.8830 3.8077 4.7135 3% 0.9709 1.9135 28286 3.7171 4.5797 5% 0.9524 1.8594 2.7232 3.5460 4.3295 6% 0.94340.9346 1.8334 1.8080 2.6730 2.6243 3.4651 3.3672 4,2124 4.1002 8% 0.9259 1.7833 2.5771 3.3121 3.9927 9% 10% 11% 0.01740.9091 0.9009 1.7591 1.7355 1.7125 2.5313 2.4869 2.4437 3.2397 3.1699 3.1024 3.8897 3.7902 3.6959 12% 0.8929 1.6901 2.4018 3.0373 3.6046 13% 0.885 1.6681 2.3612 2.9745 3.5172 3 4 5 27751 3.6299 4.4518 6 7 8 9 5.7955 6.7282 7.6517 8.5660 9.4713 5.6014 6.4720 7.3255 8.1672 8.9826 5,4172 6.2303 7,0197 7.7861 8.5302 52421 6.0021 6.7327 74353 R.1109 5.0757 5.7864 6.4632 7.1078 7.7217 4.9173 5.5824 6.2098 6.8017 13601 4.7665 4.6229 5.3893 5.2064 5.9713 5.7466 6.5152 6.2469 7.0236 6.7101 4.4859 4.3553 5.0330 4.8684 5.5348 5.3349 5.99525.7590 6.4177 6.1446 4.2305 4.7122 5.1461 5.5370 5.8892 4.1114 4.5638 4.9676 5.3282 5.6502 3.997 4.422 4.7988 5.1317 5.4262 10 11 12 13 10.368 11,255 12.134 13.004 13.865 9.7868 10.575 11.348 12.106 12.849 9.2526 9.9540 10.635 11.296 11.938 8.7605 93851 9 9856 10.563 11.118 8.3064 8.8633 9.3936 9.8986 10.380 7.8869 8.3838 8.8527 9.2950 9.7122 7.4987 7.9427 B.3577 8.7455 9.1079 7.1390 7,5361 7.9038 8.2442 8.5595 6.8052 7,1607 7.4869 7.7862 8.0607 6.4951 6.8137 7.1034 7.3667 7.6061 62065 6.4924 6.7499 6.9819 7.1909 5.9377 6.1944 6.4235 6.6282 6.8109 5.6865 5.917 6.121 6.3025 6.4624 14 15 16 17 18 19 20 14.718 15.562 16.398 17.226 18.046 13.578 14.292 14,992 15.678 16.351 12.561 13.166 13.754 14.324 14.877 11.652 12.166 12.659 13.134 13.590 10.838 11.274 11.690 12.065 12.462 10.106 10.477 10.828 11.158 11.470 9.4466 9.7632 10.059 10.336 10.594 8.8514 9.1216 9.3719 9.6036 9.8181 8.3126 8.5436 8.7556 8.9501 9.1285 7.8237 7.3792 8.0216 7.5488 8.2014 7.7016 8,3649 7.8393 8.5136 7.9633 6.9740 7.1196 7.2497 7.3658 7.4694 6.6039 6.729 6.8399 6,938C 7.024 21 22 23 24 25 18.857 19.660 20.456 21.243 22.023 17.011 17,658 18,292 18.914 19.523 15.415 15,937 16.444 16.936 17.413 14.029 14.451 14 857 15 247 15.622 12.821 13.163 13.489 13.799 14.094 11.764 12.042 12.303 12.550 12.783 10.636 11,061 11,272 11.469 11.654 10.017 9.2922 8.6487 8.0751 10,201 9.4424 8.77158.1757 10,371 9 5802 8.8832 8.2664 10,529 9.7066 8.9847 8.3481 10.675 9.6226 9.0770 8.4217 7.5620 7.6446 7.7184 7.7843 7.8431 7.1010 7.169 7.229 7.282 7.3300 30 35 36 40 50 25.808 29.409 30.108 32.835 39 196 22,396 24.999 25 489 27.355 31.424 19.600 21.487 21.832 23.115 25.730 17.292 18.665 18.908 19.793 21.482 15.372 16.374 16.547 17.159 18.256 13.765 14.498 14,621 15.046 15.762 12,409 17.918 13.035 13.332 13.801 11.258 11.655 11.717 11.925 12 233 10.274 9.4269 10.567 9.6442 10.612 9.6765 10.757 9.7791 10 962 9.9148 8.6938 8.8552 8.8786 8.9511 9.0417 8.0552 8.1755 8.1924 8.2438 8.3045 7.495 7.585 7.5970 7.634- 7 675