Laverty Clinic plans to purchase a new centrifuge machine for its New York facility. The machine costs $174,000 and is expected to have a useful life of 9 years, with a terminal disposal value of $20,500. Savings in cash operating costs are expected to be $35,000 per year. However, additional working capital is needed to keep the machine running efficiently. The working capital must continually be replaced, so an investment of $14,000 needs to be maintained at all times, but this investment is fully recoverable (will be "cashed in") at the end of the useful life. Laverty Clinic's required rate of return is 10%. Ignore income taxes in your analysis. Assume all cash flows occur at year-end except for initial investment amounts. Laverty Clinic uses straight-line depreciation for its machines Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements Requirement 1. Calculate net present value. (Use factors to three decimal places, X.XXX, and use a minus sign or parentheses for a negative net present value. Enter the net present value of the investment rounded to the nearest whole dollar.) The net present value is . X i Requirements 1. Calculate net present value. 2. Calculate internal rate of return. 3. Calculate accrual accounting rate of return based on net initial investment. 4. Calculate accrual accounting rate of return based on average investment. 5. You have the authority to make the purchase decision. Why might you be reluctant to base your decision on the DCF methods? Print Done Present Value of $1 Periods 2% 4% 6% 8% Period 1 0.980 0.962 0.943 0.926 Period 2 0.961 0.925 0.890 0.857 Period 3 0.942 0.889 0.840 0.794 Period 4 0.924 0.855 0.792 0.735 Period 5 0.906 0.822 0.747 0.681 Period 6 0.888 0.790 0.705 0.630 Period 7 0.871 0.760 0.665 0.583 Period 8 0.853 0.731 0.627 0.540 Period 9 0.837 0.703 0.592 0.500 Period 10 0.820 0.676 0.558 0.463 Period 11 0.804 0.650 0.527 0.429 Period 12 0.788 0.625 0.497 0.397 Period 13 0.773 0.601 0.469 0.368 Period 14 0.758 0.577 0.442 0.340 Period 15 0.743 0.555 0.417 0.315 Period 16 0.728 0.534 0.394 0.292 Period 17 0.714 0.513 0.371 0.270 Period 18 0.700 0.494 0.350 0.250 Period 19 0.686 0.475 0.331 0.232 Period 20 0.673 0.456 0.312 0.215 Period 21 0.660 0.439 0.294 0.199 Period 22 0.647 0.422 0.278 0.184 Period 23 0.634 0.406 0.262 0.170 Period 24 0.622 0.390 0.247 0.158 Period 25 0.610 0.375 0.233 0.146 Period 26 0.598 0.361 0.220 0.135 Period 27 0.586 0.347 0.207 0.125 Period 28 0.574 0.333 0.196 0.116 Period 29 0.563 0.321 0.185 0.107 Period 30 0.552 0.308 0.174 0.099 Period 35 0.500 0.253 0.130 0.068 Period 40 0.453 0.208 0.097 0.046 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods 0.909 0.893 0.877 0.862 0.847 0.833 0.820 0.806 0.794 0.781 0.769 0.758 0.714 Period 1 0.826 0.797 0.769 0.743 0.718 0.694 0.672 0.650 0.630 0.610 0.592 0.574 0.510 Period 2 0.751 0.712 0.675 0.641 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.435 0.364 Period 3 0.683 0.636 0.592 0.552 0.516 0.482 0.451 0.423 0.397 0.373 0.350 0.329 0.260 Period 4 0.621 0.567 0.519 0.476 0.437 0.402 0.370 0.341 0.315 0.291 0.269 0.250 0.186 Period 5 0.564 0.507 0456 0.456 0.410 0.370 0.335 0.303 0.275 0.250 0.227 0.207 0.189 0.133 Period 6 6 0.13 Period 0.513 0.452 0.400 0.354 0.314 0.279 0.249 0.222 0.198 0.178 0.159 0.143 0.095 Period 7 0.467 0.404 0.351 0.305 0.266 0.233 0.204 0.179 0.157 0.139 0.123 0.108 0.068 Period 8 0.424 0.361 0.308 0.263 0.225 0.194 0.167 0.144 0.125 0.108 0.094 0.082 0.048 Period 9 0.386 0.322 0.270 0.227 0.191 0.162 0.137 0.116 0.099 0.085 0.073 0.062 0.035 Period 10 0.350 0.287 0.237 0.195 0.162 0.135 0.112 0.094 0.079 0.066 0.056 0.047 0.025 Period 11 0.319 0.257 0.208 0.168 0.137 0.112 0.092 0.076 0.062 0.052 0.043 0.036 0.018 Period 12 0.290 0.229 0.182 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.033 0.027 0.013 Period 13 0.263 0.205 0.160 0.125 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.021 0.009 Period 14 0.239 0239 0.183 0.140 0.108 0.084 0.065 0.051 0.040 0.031 0.025 0.020 0.016 0.006 Period 15 0.006 Period 13 0.218 0.163 0.123 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.012 0.005 Period 16 0.198 0.146 0.108 0.080 0.060 0.045 0.034 0.026 0.020 0.015 0.012 0.009 0.003 Period 17 0.180 0.130 0.095 0.069 0.051 0.038 0.028 0.021 0.016 0.012 0.009 0.007 0.002 Period 18 0.164 0.116 0.083 0.060 0.043 0.031 0.023 0.017 0.012 0.009 0.007 0.005 0.002 Period 19 0.149 0.104 0.073 0.051 0.037 0.026 0.019 0.014 0.010 0.007 0.005 0.004 0.001 Period 20 0.135 0.093 0.064 0.044 0.031 0.022 0.015 0.011 0.008 0.006 0.004 0.003 0.001 Period 21 0.123 0.083 0.056 0.038 0.026 0.018 0.013 0.009 0.006 0.004 0.003 0.002 0.001 Period 22 0.112 0.074 0.049 0.033 0.022 0.015 0.010 0.007 0.005 0.003 0.002 0.002 0.000 Period 23 0.102 0.066 0.043 0.028 0.019 0.013 0.008 0.006 0.004 0.003 0.002 0.001 0.000 Period 24 0.092 0.059 0.038 0.024 0.016 10 0.010 0.007 0.005 0.003 0.002 0.001 0.001 0.000 Period 25 0.084 0.053 0.033 0.021 0.014 0.009 0.006 0.004 0.002 0.002 0.001 0.001 0.000 Period 26 0.076 0.047 0.029 0.018 0.011 0.007 0.005 0.003 0.002 0.001 0.001 0.001 0.000 Period 27 0.069 0.042 0.026 0.016 0.010 0.006 0.004 0.002 0.002 0.001 0.001 0.000 0.000 Period 28 0.063 0.037 0.022 0.014 0.008 0.005 0.003 0.002 0.001 0.001 0.000 0.000 0.000 Period 29 0.057 0.033 0.020 0.012 0.007 0.004 0.003 0.002 0.001 0.001 0.000 0.000 0.000 Period 30 0.036 0.019 0.010 0.006 0.003 0.002 0.001 0.001 0.000 0.000 0.000 0.000 0.000 Period 35 0.022 0.011 0.005 0.003 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.000 0.000 Period 40 Print Done 24% 30% 22% 0.820 1.492 0.806 0.769 1.783 2.775 2.673 2.042 1.457 1.981 Period 3 3.170 2.914 30 6.145 Reference Present Value of Annuity of $1.00 in Arrears* Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.980 0.962 0.943 0.926 0.909 0.893 0.877 Period 2 1.942 0.862 0.847 0.833 1.886 1.833 1.736 1.690 1.647 Period 13 1.605 1.566 1.528 2.884 2.577 2.487 2.402 Period 4 3.808 2.322 2.246 2.174 2.106 3.630 3.465 3.312 3.037 2.798 2.690 Period 5 4 713 4 452 4212 4.454 2.690 3.993 2.589 3791 4.212 3.605 3433 Period 6 5601 3.274 3.433 4917 2.991 4623 4 355 3.242 3.214 3.127 4. 111 3.889 4.623 Period 7 6472 3498 3.009 5582 4868 3.685 3.326 0.002 3.502 3.206 4.564 4 288 4.000 Period 8 7325 4039 3812 4.564 6.210 5 747 3.605 1.200 5335 6.133 4.059 3.012 4968 5.335 4.639 4078 3.837 7.435 Period 9 8. 162 6802 4.344 6247 1.435 4.070 5.328 4946 5.759 0.24 Period 10 8.983 7360 1.940 Period 10 0.983 4.607 6710 4.305 0.111 1.500 5.650 OU 5216 4833 Period 11 9.787 4494 4 192 7.887 6.495 8.760 4.055 5938 4.494 1.192 5.453 6.495 Period 12 10 575 4656 5.938 9385 5.453 8.384 4.327 3.029 7.536 4.656 4.327 1.536 6 194 5660 0.014 Period 13 11 348 9986 5 197 4793 5.660 8.853 0.194 4.439 7 103 7.904 3.197 0.853 4.195 6.424 5.842 4.459 5342 9295 8.244 Period 14 12.106 10.563 7367 6.628 4.910 4.533 6.002 Period 15 12.849 11.118 5.468 6.628 9.712 8 559 4611 0.002 7 606 3.460 5.000 9.112 7.606 6.811 5092 0.142 8 851 4 675 5.575 Period 16 13.578 11.652 10.106 6.974 7.824 0.03 3.092 5668 6.974 Period 17 14.292 12. 166 10.477 4730 5.162 0.203 9.122 8022 9.122 3.000 7.120 8.022 6.373 5749 Period 18 14.992 12.659 10.828 5222 1.120 4775 9.372 3.222 3.149 Period 18 14.992 12.659 10.028 9.312 Period 19 15.678 13.134 11.158 6.467 8.201 1.250 5.818 4812 9.604 3.213 7.366 9.614 4.812 1.506 0.365 Period 20 16.351 13.590 11.470 6.550 5.877 5.817 5.316 9.818 7.469 8.514 4.843 6.623 1.469 Period 21 17.011 14.029 11.764 10.017 5.929 5.353 4.870 8.649 6.687 7.562 Period 22 17.658 14.451 5973 6.687 5.973 5.384 12.042 10.201 4.891 8.772 7.645 6.743 Period 23 18.292 14.857 12.303 10.371 6.011 5.410 4.909 8.883 7.718 6.792 6.044 Period 24 18.914 15.247 12.550 10.529 5.432 4.925 8.985 7.784 6.835 6.073 5.451 4.937 Period 25 19.523 15.622 12.783 10.675 9.077 7.843 6.873 6.097 5.467 Period 26 20.121 15.983 13.003 10.810 9.161 4.948 7.896 6.906 6.118 Period 27 20.707 16.330 13.211 10.935 9.237 5.480 21 4.956 7.943 6.935 6.136 5.492 Period 28 21.281 16.663 13.406 11.051 4.964 9.307 7.984 6.961 6.152 Period 29 21.844 16.984 13.591 11.158 9.370 5.502 2001 4.970 8.022 6.983 6.166 5.510 4.975 Period 30 22.396 17.292 13.765 11.258 9.427 8.055 7.003 6.177 5.517 Period 35 24.999 18.665 14.498 11.655 4.979 9.644 8.176 7.070 6.215 5.539 4.992 Period 40 27.355 19.793 15.046 11.925 9.779 8.244 7.105 6.233 5.548 4.997 * Payments (or receipts) at the end of each period. 7.139 2.494 2.864 2.864 3.167 3.416 3 619 3786 3.923 2:32 4.035 4 127 1.12 4203 4.203 4.265 4.205 4 315 4.357 4.357 4391 4 419 1.419 4.442 4.460 4.400 4.476 2.404 2.745 2.145 3020 2020 3.242 3421 3.42 3.566 3.682 3.004 3776 so 3.851 3.09 3.912 3.914 3.962 4001 1.00 4.033 4.059 4.080 4.097 4.110 4.110 4.121 26% 0.794 1.424 1.923 2.320 2.320 2.635 2885 2.003 3.083 3.241 3366 3465 3543 3.543 3 606 3.656 3 695 3.695 3.726 3.751 3.771 3786 3 799 3.799 3.808 3.816 3.822 3.827 3.831 3.834 3.837 3.839 3.840 3.841 3.842 3.845 3.846 28% 0.781 1.392 1.868 2.241 2532 2759 2.159 2937 3076 3076 3.184 3269 3.202 3.335 3.387 3427 3421 3.459 3.459 3.483 3.503 3.518 3.529 3.539 3.33% 3.546 3.551 1.361 1.816 2.166 2.436 2.436 2.643 2.002 2.925 3,019 3,092 3.147 3 190 3223 3.223 3.249 3.268 3.268 3.283 3.295 3.304 3.311 3.316 3.320 3.323 3.325 3.327 3.329 3.330 3.331 3.331 3.332 3.332 3.333 3.333 32% 0.758 1.331 1.766 2.096 2.096 2.345 2.534 2.534 2677 2.61 2.786 2.868 2.000 2.954 2978 2210 3.013 3.040 3.040 3061 3076 30rb 3.088 3097 3.104 3.109 3.113 3.116 3.118 3.120 3.121 3.122 WI 3.123 3.123 3.124 3.124 3.124 3.125 3.125 40% Periods 0.714 Period 1 1.224 Period 2 1.589 1.849 Period 4 2.035 Period 5 2.168 Period 6 2.263 Period 7 1 2.331 Period 8 Periodo 2.379 Period 9 2414 Period 10 2.438 Period 11 2456 Period 12 2469 Period 13 2.409 Period 13 2.478 Period 14 2.470 Period 14 2.484 Period 15 2489 Period 16 2492 Period 17 2494 Period 18 2.494 Period 18 2.496 Period 19 2.497 Period 20 2.497 Period 20 4.488 2.498 Period 21 4.130 3.556 4.499 4.507 4.514 4.520 4.524 4.528 4.531 4.534 4.541 4.544 4.137 4.143 4.147 4.151 4.154 4.157 4.159 4.160 4.164 4.166 3.559 3.562 3.564 3.566 3.567 3.568 3.569 3.569 3.571 3.571 2.498 Period 22 2.499 Period 23 2.499 Period 24 2.499 Period 25 2.500 Period 26 2.500 Period 27 2.500 Period 28 2.500 Period 29 2.500 Period 30 2.500 Period 35 2.500 Period 40 Print Dono 2295 257 114.475 Compound Amount of $1.00 (The Future Value of $1.00) Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Period 1 1.020 1.040 1.060 080 1.100 1.120 1.140 1.160 1.180 1.200 1.220 1.240 1.260 1.280 1.300 1.320 1.400 Period 2 1.040 1.082 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 1.488 1.538 1.588 1.638 1.690 1.742 Period 3 1.061 1.125 1.960 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 1.816 1.907 2.000 2.097 2.197 2.300 2.744 Period 4 1.082 1.170 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 2.215 2.364 2.520 2.684 2.856 3.036 3.842 Period 5 1.104 1.217 1.338 1.469 1.611 1.762 1.925 1.10 19 2.288 2.100 2.488 2.703 2.932 126 3.176 3.436 3.713 4.007 Period 6 1.126 1.265 5.378 1.419 1.587 1.772 1.974 2.195 2.436 2.700 2.986 300 3.297 3.635 4.002 4.398 4.827 5.290 Period 7 1.149 1.316 7.530 1.504 1.714 1.949 2.211 2.502 2.826 3.185 07 20 3.583 4.023 1.508 5.042 5.629 6.275 Period 8 1.172 1.369 6.983 10.541 1.594 1.851 1:34 0.219 2.144 2.476 2.853 3.759 3.278 4.300 4.908 5.590 6.353 7.206 8.157 9.217 14.758 Period 9 1.195 1.423 1.689 1.999 2.358 2.773 3.252 3.803 4.435 5.160 5.987 6.931 2. 8.005 9.223 10.604 Period 10 1.219 1.480 12.166 1.791 159 20.661 2.594 21 3.106 3.707 2.22 De 100 000 5.234 4.411 90 6.192 7.305 8.594 10.086 11.806 3234 13.786 16.060 1.898 Period 11 1.243 1.539 28.925 2.332 2.853 0.01 3.479 4.226 22 5.117 6.176 7.430 8.912 10.657 12.708 15.112 17.922 21.199 40.496 0212 Period 12 1.268 1.601 2.012 2.518 3.138 3.896 4.818 5.936 7.288 8.916 10.872 13.215 16.012 19.343 23.298 210 27.983 Period 13 1.294 1.665 2.133 56.694 2.720 3.452 4.363 5.492 6.886 8.599 10.699 13.264 16.386 20.175 24.759 30.288 36.937 79.371 Period 14 1.319 1.732 2.261 2.937 3.797 4.887 6.261 12 7.988 10.147 12.839 16.182 20.319 25.421 31.691 39.374 48.757 111.120 Period 15 1.346 1.801 2.397 3.172 4.177 20:22 5.474 7.138 9.266 04. 11.974 15.407 19.742 25.196 32.030 40.565 51.186 64.359 155.568 Period 16 1.373 1.873 2.540 3.426 4.595 6.130 8.137 10.748 14.129 18.488 To 24.086 31.243 40.358 51.923 66.542 84.954 Period 17 1.400 217.795 1.948 2.693 3.700 5.054 6.866 9.276 12.468 16.672 22.186 9.000 29.384 38.741 50.851 04.194 66.461 86.504 Period 18 1.428 2.026 304.913 2.854 8.996 5.560 7.690 10.575 14.463 112.139 19.673 600 26.623 35.849 48.039 64.072 85.071 112.455 148.024 426.879 3.026 Period 19 1.457 2.107 4.316 6.116 8.613 12.056 03. 16.777 23.214 31.948 43.736 59.568 80.731 108.890 146.192 195.391 597.630 Period 20 1.486 2.191 3.207 20:350 4.661 6.727 9.646 13.743 19.461 27.393 38.338 53.358 73.864 101.721 139.380 190.050 257.916 Period 21 1.516 2.279 836.683 3.400 5.034 7.400 10.804 15.668 22.574 32.324 2001 46.005 65.096 91.592 128.169 178.406 42 247.065 340.449 1171.356 Period 22 1.546 2.370 3.604 5.437 8.140 12.100 17.861 26.186 38.142 55.206 79.418 113.574 161.492 228.360 321.184 449.393 1639.898 Period 23 1.577 2.465 3.820 5.871 8.954 13.552 20.362 30.376 45.008 66.247 96.889 140.831 203.480 292.300 417.539 593.199 5.857 Period 24 1.608 2.563 4.049 6.341 9.850 15.179 23.212 35.236 53.109 79.497 118.205 174.631 256.385 374.144 542.801 5544 20 Period 25 1.641 2.666 783.023 ws 3214.200 6.848 10.835 17.000 26.462 95.396 40.874 62.669 144.210 216.542 323.045 4549 478.905 Period 26 1.673 2.772 1.396 11.918 19.040 30.167 47.414 73.949 175.936 Period 27 1.707 2.883 268.512 917 333 4822 612.998 917.333 6299.831 4.822 7.988 13.110 21.325 34.390 55.000 87.260 137.371 214.642 Period 28 1.741 2.999 332.955 512.867 784.638 1192.533 5.112 1800.927 14.421 23.884 8819.764 8.627 39.204 63.800 102.967 164.845 261.864 412.864 646.212 1004.336 1550.293 Period 29 1776 3.119 2377.224 12347.670 5.418 9.317 15.863 26.750 44.693 74.009 121.501 197.814 319.474 511.952 814.228 1285.550 2015.381 3137.935 17286.737 Period 30 1.811 3.243 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 389.758 634.820 1025.927 1645.505 2619.996 Period 35 2.000 3.946 4142.075 24201.432 7.686 14.785 28.102 52.800 98.100 180.314 327.997 590.668 1053.402 1861.054 3258.135 5653.911 Period 40 2.208 4.801 10.286 21.725 45.259 93.051 188.884 378.721 750.378 1469.772 2847.038 5455.913 10347.175 19426.689 36118.865 66520.767 700037.697 9727.860 16599.217 130161.112 4.292 705.641 1033.590 1364 339 4499.880 407.037 32% 1.000 1.000 1.000 1.000 1.000 2.160 1.000 1.000 1.000 12 2.100 2.120 3.990 Period 4 4.779 5.524 8.923 9.487 13.233 14.240 20.588 7.104 10 980 11.544 10 730 11.414 16.499 25 678 59 196 750 1491 576 1850.622 Compound Amount of Annuity of $1.00 in Arrears* (Future Value of Annuity) Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 40% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2.020 2.040 2.060 2.080 2.140 2.180 2.200 2.220 2.240 2.260 2.280 2.300 2.320 2.400 Period 3 3.060 3.122 3.184 3.246 3.310 3.374 3.440 3.506 3.572 3.640 3.708 3.778 3.848 3.918 4.062 4.122 4.246 4.375 4.360 4.506 4.641 4.921 5.066 5.215 5.368 5.684 5.848 6.016 6 187 Period 5 5 204 5416 5637 5867 6105 6.187 6.362 6353 Period 5 5.204 5.416 5.637 5.867 6.105 6.353 6.610 6.877 7.154 7 710 7.740 7.442 8048 9398 azz 8.700 8115 8.368 9M2 8.048 10.946 9.043 9.398 Period 6 6.308 6.633 6.975 7.336 7.716 10.12 8.115 9930 8.971 9.442 8.536 10.442 9.930 100g 12.136 13.406 12.756 13.406 Period 7 7.434 7.898 8.394 8.923 12 142 10.089 16.324 12.142 13 740 12.916 13.740 14 615 15 546 14.615 15.546 16.534 17.583 15227 23.853 Period 8 8.583 9.214 9.897 10.637 11.436 12.300 15.327 17.762 10.00 19.123 20790 22.163 Period 9 9.755 10.583 11.491 12.488 13.579 14.776 16.085 17.519 23.858 19.086 34.395 20.799 26 940 22.670 A 205 Period 10 10.950 12.006 13.181 14.487 15.937 17.549 19.337 26.940 24./12 29.369 32.015 34.895 49.153 25.959 28.657 31.643 34.945 38.593 42.619 47.062 Period 11 12.169 13.486 14.972 16.645 18.531 20.655 23.045 25.733 28.755 69.814 32.150 62123 35.962 40.238 45.031 50.398 56.405 98.739 Period 12 13.412 15.026 16.870 18.977 21.384 24.133 27.271 30.850 34.931 63.132 44.874 39.581 50.895 65.510 57.739 18. 197 74.327 139 235 84.320 139.235 Period 13 14.680 16.627 18.882 21.495 24.523 28.029 32.089 36.786 42.219 55.746 64.110 73.751 84.853 97.625 112.303 Period 14 15.974 18.292 21.015 24.215 27.975 32.393 37.581 43.672 195.929 119240 80 496 107 913 50.818 69.010 93.926 80.496 72035 109.612 127.913 275.300 72.035 Period 18 1829839-034 33.276 27 152 31.772 37.280 43.842 51.660 60.965 85.192 100.815 119.347 197 997 87 M2 167.286 141.303 197.997 386.420 Period 16 18.639 21.825 25.673 30.324 35.950 42.753 50.980 60.925 72.939 87.442 104.935 126.011 151.377 181.868 218.472 262.356 511098 105.931 129.020 157.253 191.735 233.791 285.014 347.309 750 784 158.405 Period 1972 841 27 671 33 760 41 446 51 159 63.140 78 989 1061 697 242.585 98 203 123 124 154 710 Period 19 22.841 27.671 33.760 41.446 51.159 63.440 78.969 98.603 123.414 154.740 459.449 M033 194.254 295 303 244.033 306.658 385.323 483 973 483.973 607.412 Period 20 24.297 29.778 36.786 45.762 57.275 72.052 91.025 115.380 146.628 186.688 237.989 Period 21 25.783 31.969 39.993 50.423 64.002 81.699 104.768 134.841 174.021 225.026 303.601 5000 205 494.213 387.389 630.165 802.863 2089.206 291.347 371.465 489.110 633.593 1060.779 820.215 2925.889 Period 22 27.299 34.248 43.392 55.457 71.403 92.503 120.436 157 415 206.345 271.031 469.056 811 999 356.443 617.278 1067.280 1401.229 4097.245 Period 23 28.845 36.618 46.996 60.893 79.543 104.603 138.297 183.601 244.487 326.237 435.861 1040 358 778.771 582.630 1040.358 1388.464 Period 24 30.422 39.083 50.816 66.765 88.497 118.155 158.659 213.978 289.494 392.484 5737.142 532.750 723.461 982.251 1332.659 1806.003 2443.821 125 32.030 41.646 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471.981 650.955 898.092 1238.636 1706.803 2348.803 3226.844 11247.199 Period 26 33.671 44.312 59.156 79.954 109.182 150.334 208.333 290.088 405.272 567.377 795.165 1114.634 1561.682 2185.708 3054.444 4260.434 15747.079 Period 27 35.344 47.084 63.706 87.351 121.100 169.374 238.499 337.502 479.221 681.853 971.102 1383.146 1968.719 2798.706 3971.778 5624.772 22046.910 Period 28 37.051 49.968 68.528 95.339 134.210 190.699 272.889 392.503 566.481 819.223 1185.744 1716.101 2481.586 3583.344 5164.311 7425.699 30866.674 Period 29 38.792 52.966 73.640 103.966 148.631 214.583 312.094 456.303 669.447 984.068 1447.608 2128.965 3127.798 4587.680 6714.604 9802.923 43214.343 Period 30 40.568 56.085 79.058 113.283 164.494 241.333 356.787 530.312 790.948 1181.882 1767.081 2640-916 3942.026 5873.231 8729.985 12940.859 60501.081 Period 35 49.994 73.652 111.435 172.317271.024 431.663 693.573 1120.713 1816.652 2948.341 4783.645 7750.225 12527 442 20188.966 32422.868 51869.427 325400.279 Period 40 60.402 95.026 154.762259.057442.593 767.091 1342.0252360.7574163.213 7343.858 12936.535 22728.803 39792.982 69377.460 120392.883 207874.272 1750091.741 * Payments (or receipts) at the end of each period. 195.994 300252 371.518 8032.999