Manchester Clinic, a nonprofit organization, estimates that it can save $30,000 a year in cash operating costs for the next 9 years if it buys a special-purpose eye-testing machine at a cost of $150,000. No terminal disposal value is expected. Manchester Clinic's required rate of return is 12%. Assume all cash flows occur at year-end except for initial investment amounts. Manchester Clinic uses straight-line depreciation. 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 the following for the special-purpose eye-testing machine: a. Net present value (NPV) (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 Requirements 1. Calculate the following for the special-purpose eye-testing machine: a. Net present value b. Payback period c. Internal rate of return d. Accrual accounting rate of return based on net initial investment e. Accrual accounting rate of return based on average investment 2. What other factors should Manchester Clinic consider in deciding whether to purchase the special-purpose eye-testing machine? Print Done Present Value of $1 Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods Period 1 0.980 0.962 0.943 0.926 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 Period 2 0.961 0.925 0.890 0.857 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 Period 3 0.942 0.889 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.435 Period 4 0.924 0.855 683 0.364 Period 3 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 0.451 0122 0.423 0.397 0.373 0.350 0.329 0.260 Period 4 Period 5 0.906 0.822 0.747 0.681 1476 0.621 0.567 0.519 0.476 0.437 400 0.402 0.370 244 246 0.341 ce 0.315 EL 0.291 140 Period 6 0.888 0.790 0.705 0.269 0.250 0.186 Period 5 0.630 0.564 0.507 0.456 0.410 202 27 0.335 0.370 ED 0.303 0.275 ACA 0.250 0.227 0.207 0.189 Period 7 0.871 0.760 0.133 0.665 Period 6 0.583 370 0.513 0.400 0.452 0.354 0.314 0.279 0.249 0.222 cs 0.198 0.178 OF 0.159 0.143 0.095 Period 8 0.853 0.731 Period 7 0.627 0.540 0.467 30 0.404 0.305 0.351 0.266 0.233 0.204 24 0.179 0.157 0.139 co 0.123 0.108 0.068 Period 9 0.837 0.703 Period 8 0.592 203 0.500 0.424 0.361 0.308 0.263 0.225 0.194 0.167 400 200 0.144 0.125 0.094 0.108 Period 10 0.820 0.676 0.082 0.558 0.048 Period 9 57 azo 0.463 0.386 0.322 1440 0.227 0.270 0.191 0.137 SED 0.162 0.116 0.099 0.085 0.073 0.062 Period 11 0.804 0.035 Period 10 0.650 0.527 os 0.429 0.350 0.237 0.287 0.195 0.162 0.135 0.112 0.094 0.079 0.066 207 0.056 0.047 0.025 Period 11 Period 12 0.788 0.625 0.497 200 0.397 0.319 0.257 0.208 0.168 0.137 0.112 0.092 0.076 0.062 00 0.052 0.043 0.036 0.018 Period 12 Period 13 0.773 0.601 0409 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 0.075 0.061 028 0.050 0.040 262 0.033 Period 14 0.758 0.577 0.027 0.013 Period 13 0.442 400 0.340 0.263 0.205 0.160 0.125 000 OF 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.021 0.009 Period 14 Period 15 0.743 0.555 0.417 0.315 0.239 0.183 0.140 0.108 0.065 0.051 0.084 340 0.040 0.031 0.025 0.020 Period 16 0.728 0.534 0.016 0.006 Period 15 021 0.394 0.292 0.218 0.163 0.093 222 0.123 45 0.054 0.042 0.032 0.071 32 400 0.025 Period 17 0.714 0.513 0.019 0.015 0.012 0.005 Period 16 noen 0.371 0.270 0.198 0.146 0.108 0.080 0.060 0.045 0.034 0.026 10 4 EN 0.020 0.015 0.012 Period 18 0.700 0.494 0.009 0.003 Period 17 aca 0.350 0.250 0.180 0.130 0.095 0.069 0.051 no 0.038 0.028 0.021 0.016 nen 0.012 0.009 0.007 0.002 Period 18 Period 19 0.686 0.475 0.331 0.232 0.164 0.116 0.083 0.060 0.043 0.031 002 0.012 0.023 0.017 0.009 14 0.007 0.005 0.002 Period 19 Period 20 0.673 0.456 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 0.019 0.014 0.010 0.007 000 0.005 nex Period 21 0.660 0.439 0.004 0.001 Period 20 0.294 0.199 0.135 0.093 0.064 0.044 400 0.031 0.022 0.015 0.011 004 0.008 0.006 003 0.004 Period 22 0.647 0.422 0.003 0.001 Period 21 0.278 0.184 0.123 0.083 0.056 0.038 0.026 0.018 0.013 0.009 0.006 002 0.004 0.003 10 0.002 0.001 Period 22 Period 23 0.634 0.406 0.262 0.170 0.112 0.074 0.049 0.033 0.015 0.010 000 0.022 0.005 0.007 0.003 100 0.002 0.002 Period 24 0.622 0.390 0.247 0.000 Period 23 0.158 sc 42 0.102 0.066 0.043 0.028 0.019 0.013 0.008 0.006 0.004 000 004 0.003 0.002 0.001 0.000 Period 24 Period 25 0.610 0.375 0.233 0.146 0.092 0.059 0.038 0.024 0.016 0.010 0.007 0.005 0.003 0.002 0.001 0.001 0.000 Period 25 Period 26 0.598 0.361 0.220 0.135 0.084 0.053 0.033 0.021 0.014 0.0090.006 0.004 0.002 0.002 0.001 0.001 0.000 Period 26 Period 27 0.586 0.347 0.207 0.125 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 Period 28 0.574 0.333 0.1960.116 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 Period 29 0.563 0.321 0.185 0.107 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 Period 30 0.552 0.308 0.174 0.099 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 Period 35 0.500 0.253 0.130 0.068 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 Period 40 0.453 0.208 0.097 0.046 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 Present Value of Annuity of $1.00 in Arrears* Periods 2% 4% 6% 8% 10% Period 1 0.980 0.962 0.943 0.926 0.909 Period 2 1.942 1.886 1.833 1.783 1.736 Period 3 2.884 2.775 2.673 2.577 2.487 Period 4 3.808 3.630 3.465 3.312 3.170 Period 5 4.713 4.452 4.212 3.993 3.791 Period 6 5.601 5.242 4.917 4.623 4.355 22609 12 Period 7 6.472 6.002 5.582 5.206 4.868 1901 Period 8 7.325 6.733 6.210 5.747 5.335 Period 9 8.162 7.435 6.802 6.247 5.759 W Period 10 8.983 8.111 7.360 6.710 6.145 204 0 Period 11 9.787 8.760 7.887 7.139 6.495 Period 12 10.575 9.385 8.384 7.536 6.814 Period 13 11.348 9.986 8.853 7.904 7.103 Period 14 12.106 10.563 9.295 8.244 7.367 Period 15 12.849 11.118 9.712 8.559 7.606 Period 16 13.578 11.652 10.106 8.851 7.824 Period 17 14.292 12.166 10.477 9.122 8.022 Period 18 14.992 12.659 10.828 9.372 8.201 Period 19 15.678 13.134 11.158 9.604 8.365 Period 20 16.351 13.590 11.470 9.818 8.514 Period 21 17.011 14.029 11.764 10.017 8.649 6270 Period 22 17.658 14.451 12.042 10.201 8.772 Period 23 18.292 14.857 12.303 10.371 8.883 Period 24 18.914 15.247 12.550 10.529 8.985 Period 25 19.523 15.622 12.783 10.675 9.077 Period 26 20.121 15.983 13.003 10.810 9.161 Period 27 20.707 16.330 13.211 10.955 9.237 Period 28 21.281 16.663 11.051 9.307 Period 29 21.844 16.984 13.591 11.158 9.370 Period 30 22.396 17.292 13.765 11.258 9.427 Period 35 24.999 18.665 14.498 11.655 9.644 Period 40 27.355 19.793 15.046 11.925 * Payments (or receipts) at the end of each period. 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 6.029 6.811 6.974 7.120 7.250 7.366 7.469 7.562 7.645 7.718 7.784 7.843 7.896 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 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 2.0723 6.073 6.097 6.118 6.136 6.152 6.166 6.177 6.215 6.233 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 5.353 5.384 5.410 5.432 5.451 5.467 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 10 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 22% 0.820 1.492 2.042 2.494 2.864 3.167 3.416 3.619 3.786 3.923 4.035 4.127 4.203 4.265 4.315 4.357 4.391 4.419 1118 4.442 4.460 4.476 4.488 4.499 4.507 4.514 4.520 4.524 4.528 4.531 4.534 4.541 4.544 24% 0.806 1.457 1.981 2.404 2.745 3.020 3.242 3.442 3.421 3.566 3.682 3.776 3.851 3.912 2005 3.962 4.001 1.033 more 1.059 1.080 1.097 4.110 4.121 4.130 4.137 4.143 17 4.147 4.151 26% 0.794 1.424 1.923 2.320 2.635 2.885 3.083 3.241 3.366 3.465 3.543 3.606 3.656 3.695 3.726 3.751 3.771 3.786 3.799 3.808 3.816 3.822 3.827 3.831 00 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 2.532 2.759 2.937 3.076 3.184 3.269 3.335 3.387 3.427 3.459 3.483 5.100 3.503 3.518 3.529 3.539 3.546 3.551 3.556 pro 3.559 3.562 3.564 3.566 3.567 3.568 3.569 3.569 3.571 3.571 30% 0.769 1.361 1.816 2.166 2.436 2.643 2.802 400- 2.925 3.019 3.092 *** 3.147 3.190 200 3.223 3.249 3.268 3.283 3.295 3.304 3.311 3.316 3.320 50 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 2.345 2.534 2.677 2.786 2.868 2.930 2.978 3.013 3.040 3.061 3.076 3.088 3.097 3.104 3.109 3.113 3.116 3.118 3.120 3.121 11 3.122 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 Period 3 1.849 Period 4 10 2.035 Period 5 2.168 Period 6 4.100 2.263 4.202 Period 7 2.331 22 Period 8 2.379 Period 9 2.414 Period 10 2.438 Period 11 2.456 Period 12 2.469 Period 13 2.478 Period 14 2.484 Period 15 2.489 Period 16 2.492 Period 17 2.494 Period 18 2.496 Period 19 2.497 Period 20 2.498 Period 21 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 4.948 5.480 7.943 5.492 4.154 13.406 5.502 4.157 6.983 5.510 4.956 4.964 4.970 4.975 4.979 4.992 4.997 7.984 8.022 8.055 8.176 8.244 4.159 7.003 5.517 7.070 5.539 4.160 4.164 4.166 9.779 7.105 5.548 1.060 1.220 1.166 1.405 1.907 2.000 2.097 2.215 Period 4 Period 6 1.126 1285 10.604 Compound Amount of $1.00 (The Future Value of $1.00) Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% Period 1 1.020 1.040 24% 26% 28% 30% 1.080 1.100 32% 40% 1.120 Periods 1.140 1.160 Period 2 1.040 1.082 1.180 1.200 1.124 1.210 1.240 1.260 1.280 1.254 1.300 1.346 1.320 1.300 1.392 Period 3 1.061 1.125 1.440 1.400 1.488 Period 1 1.191 1.538 1.260 1.331 1 482 1.588 1.638 1.561 1.690 1.643 1.742 1.482 1.728 1.960 Period 2 1.816 1.170 Period 4 1.082 1.262 1.264 1.360 1.464 1.574 1.464 1.689 2.197 2.300 2.074 1.574 1.811 1.939 2.744 Period 1338 1469 3 Period 5 1.104 1.217 2.364 1611 2014 1925 1.330 2.684 2.856 2.520 2100 1.402 1.6 3.842 1.762 3.036 2.288 1.925 2.000 2.703 2.932 2.100 1.419 3.176 3.436 2.400 1.587 3713 1 772 1974 1.200 2 195 4.007 3.450 Period 7 1 149 1316 5.378 Period 5 2.700 2.986 2.195 129 3297 2.436 1.504 3.635 1949 4002 2.100 1.714 4.398 4827 2211 2502 2826 114 5.290 3 185 7.530 4.590 2.21! 1.002 1.949 Period 8 1 172 1 369 3.583 Period 6 4023 4.508 5042 3.583 1041 1.594 1.851 Period 8 1.172 1.369 5,629 2.144 6275 1.594 1.020 4.500 3278 2.853 3.042 6.983 2.022 3.759 2.144 10 541 1.05! Period 7 Period 9 1 195 1423 2.476 4.300 6.903 5.590 0.22 7206 6.353 3.759 1.689 10.541 Period 1.999 2.358 4.900 3.252 8.157 3803 2.113 1.999 Period 8 6.200 5.160 5.987 Period 10 1 219 1 480 9.211 0.101 6.931 14.758 4.435 1 791 8,005 9223 2594 Period 10 1.219 1.480 12.166 3 106 1.19 2.159 3 707 Period 9 20.661 2.594 4 411 3.106 Period 11 1.243 1.539 6.192 5.234 12.166 7305 8594 1.898 10.086 2.332 2.853 11.806 4226 3479 1.305 13.786 0.594 16 060 5 117 6176 2.053 7 430 28.925 Period 10 Period 12 1.268 1.601 20.925 5.117 8.912 10.657 2012 12.708 2518 1.430 15.112 Period 10 3 138 Period 12 1.268 1.601 17.922 3.896 4 818 2012 21,199 2.510 7 288 40.496 5.936 11.922 Period 11 8.916 4.010 2 133 10.872 13.215 1.208 2720 Period 13 1.294 1.665 37.983 19.343 3.452 16.012 4.363 2.153 6.886 56 694 2.120 Period 12 8.599 Period 14 1.319 1.732 5.492 23.298 10.699 2937 16.386 20.175 13.264 3 797 24. 759 30 288 36.937 4 887 Period 13 2.20 79.371 7.988 Period 15 1 346 1 801 10 147 6.261 2.90 2397 12.839 3. 172 20.319 10.147 25 421 4 177 16.182 5 474 31.691 20.319 7 138 25.421 39.374 48.757 23 Period 14 111 120 114 Period 16 1 373 1 873 9.266 15.407 3.474 1.150 9.266 2 540 19.742 25 196 11.974 3,426 32030 4.595 Period 14 40.565 51 186 155 569 6.130 4340 8.137 Period 15 4.595 Period 17 1.400 1.948 6.130 64.359 18.488 10.148 24.086 31.243 40 358 14.129 3700 10.400 5054 155.568 6 866 51.923 66.542 2.693 9.276 84 954 3.700 Period 16 16.672 Period 18 1.428 2026 217.795 3.454 b.obb 29.384 12.400 2854 3996 38.741 4139 50.851 Period 18 1.428 2.02b 66.461 22.186 5.560 7,690 10 575 86.504 14 463 2.854 3.936 304 913 19 673 Period 17 Period 19 1.457 2 107 10.5/5 26.623 35.849 14.403 3.026 48 039 64.072 4316 148.02% 85.071 6.116 112.455 8.613 16.777 23.214 1.210 426.879 Period 18 31 948 12.056 Period 20 1.486 2 191 23.214 43 736 140.024 59 568 3207 80.731 108.890 31.948 4661 Periodo 120.019 Period 20 1.486 2.191 146.192 6.727 9.646 13.743 19.461 1.00" 27 393 100.090 38 338 597 630 146.192 53.358 195.391 Period 19 73 864 19.40! 3400 101.721 5.034 Period 21 1.516 2.279 7400 139 380 10 804 15 668 32 324 400 836 683 257.916 46.005 10.804 15.668 Period 22 1.546 2.370 Period 20 190.054 65,096 91.592 22.574 3.604 5437 178 406 128.169 8140 91.592 247,065 12.100 26.186 17.861 5.437 340.449 38 142 1171 356 Period 21 0.140 Period 23 1.577 2465 55.206 30.142 79.418 3.820 113 574 161 492 228.360 321.184 Period 23 1.5!! 2.465 5.871 449,393 8.954 13.552 20.362 Period 22 30.376 321.184 45.008 66.247 96.889 124 1.608 2.563 4.049 203.480 140.831 4.049 6.341 9.850 593.199 Period 23 292.300 417.539 79.497 35.236 53.109 Period 2295.857 25 1.641 2.666 4.292 6.848 118.205 10.835 17.000 26.462 174.631 542.801 40.874 256.385 62.669 95.396 783.023 Period 26 1.673 2772 Period 24 7.396 144.210 216.542 11.918 19.040 30.167 47.414 73.949 478.905 705.641 1033.590 175.936 Period 27 1.707 2.883 4499.880 268.512 4.822 7.988 407.037 612.998 13.110 21.325 34.390 55.000 87.260 917.333 1364 339 6299.831 Period 26 137.371 Period 28 1.741 2.999 214.642 5.112 332.955 8.627 512.867 784.638 1192.533 1800.927 14.421 23.884 39.204 63.800 102.967 164.845 8819.764 261.864 Period 27 412.864 Period 29 1.776 3.119 5.418 9.317 15.863 26.750 44.693 646.212 1004 336 1550.293 2377.224 12347.670 Period 28 74.009 121.501 197.814 Period 30 1.811 3.243 319.474 5.743 511.952 814.228 10.063 17.449 29.960 50.950 1285.550 2015.381 85.850 143.371 237.376 3137.935 17286.737 Period 29 Period 35 2.000 3.946 389.758 634.820 686 14.785 28.102 52.800 98.100 1025.927 1645.505 2619.996 180.314 327.997 590.668 4142.075 24201.432 Period 30 1053.402 1861.054 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 Period 40 3258.135 5653.911 9727.860 16599.217 130161.112 Period 35 161.492 111.330 1639.898 3214.200 Period 24 15.179 23.212 374.144 323.045 Period 25 4.549 114.475 2320 14.615 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% 32% 40% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 Periods 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.020 2.040 2.060 1.000 1.000 1.000 1.000 1.000 2.080 2.100 2.120 2.140 Period 1 2.160 2.180 2.200 Period 3 3,060 3.122 2.220 2.240 2.260 3.184 3.246 3.310 2.280 3.374 400 2.300 3.440 Period 2 3.506 444 3.572 3.640 3.708 3.778 3.918 3.848 Period 4 4.122 4.246 4.375 4.506 4.641 3.990 enou 4.062 4.360 4.779 Period 3 4.921 5.066 20 5.215 2324 5.368 5.524 Period 5 5.204 5.416 5.637 5.867 5.684 5.848 6.016 6.187 6.362 7.104 6.105 Period 4 6.353 6.610 6.877 7.154 7.442 7.740 Period 6 6.308 6.633 6.975 7.336 7.716 8.048 8.368 8.700 144 9.043 9.398 8.115 8,536 9.442 10.946 Period 5 8.977 42 0.000 9.930 10.442 Period 7 7.434 7.898 8.394 8.923 9.487 10.980 11.544 12.136 12.756 10.089 10.730 13.406 16.324 Period 12.142 11.414 13.740 12.916 Period 8 8.583 9.214 9.897 10.637 11.436 12.300 15.546 144 16.534 17.583 18.696 13.233 14.240 23.853 15.327 Period 16.499 19.123 10.030 Period 9 9.755 10.583 11.491 12.488 13.579 14.776 16.085 17.519 20.588 22.163 1496 23.858 25.678 34.395 Period 8 19.086 20.799 24.712 12.00 4.2 26.940 Period 10 10.950 12.006 13.181 14.487 15.937 17.549 19.337 21.321 3 29.369 4.0 32.015 no 34.895 49.153 Period 23.54 25.959 28.657 10 34.945 31.643 Period 11 12.169 13.486 14.972 16.645 18.531 20.655 23.045 25.733 28.755 38.593 42.619 47.062 69.814 Period 10 32.150 35.962 45.031 en 40.238 Period 12 13.412 15.026 16.870 18.977 21.384 24.133 27.271 30.850 1024 50.398 56.405 63.122 98.739 34.931 Period 11 39.581 o 44.874 50.895 57.739 Period 13 14.680 16.627 18.882 21.495 24.523 28.029 32.089 36.786 42.219 65.510 74.327 84.320 139.235 Period 12 48.497 55.746 73.751 64.110 Period 14 15.974 18.292 21.015 24.215 27.975 32.393 37.581 43.672 50.818 84.853 97.625 112.303 195.929 Period 13 59.196 69.010 93.926 Period 15 17.293 20.024 23.276 27.152 31.772 37.280 80.496 70.00 109.612 127.913 149.240 275.300 Period 14 43.842 51.660 60.965 72.035 85.192 100.815 119.347 14 Period 16 18.639 21.825 25.673 30.324 35.950 42.753 50.980 60.925 72.939 10.02 141.303 167.286 4 197.997 386.420 87.442 Period 15 104.935 151.377 Period 17 20.012 23.698 28.213 33.750 40.545 48.884 59.118 71.673 126.011 064 181.868 218.472 2 262.356 541.988 87.068 Period 16 105.931 129.020 2014 157.253 191.735 Period 18 21.412 25.645 30.906 37.450 45.599 55.750 68.394 84. 141 103.740 233.791 be 285.014 347.309 759.784 492 Period 128.117 158.405 195.994 Period 19 22.841 27.671 33.760 41.446 51.159 63.440 78.969 98.603 123.414 154.740 242.585 300.252 371.518 00:04 459.449 1064.697 Period 18 194.254 244.033 Period 20 24.297 29.778 36.786 45.762 57.275 72.052 91.025 115.380 146.628 186.688 306.658 385.323 483.973 607.472 1491.576 Period 19 237.989 303.601 Period 21 25.783 31.969 39.993 50.423 64.002 81.699 104.768 134.841 174.021 225.026 387.389 2. 494.213 630.165 802.863 2089.206 Period 20 291.347 Period 22 27.299 34.248 43.392 55.457 71.403 92.503 120.436 157.415 206.345 271.031 377.465 489.110 633.593 820.215 1060.779 2925.889 Period 21 Period 23 28.845 36.618 46.996 60.893 79.543 104.603 138.297 183.601 244.487 326.237 356.443 469.056 617.278 811.999 1067.280 1401.229 4097.245 Period 22 435.861 Period 24 30.422 39.083 50.816 66.765 88.497 118.155 158.659 213.978 289.494 392.484 1.90 582.630 778.771 1040.358 1388.464 1850.622 5737.142 Period 532.750 982.251 723.461 1332.659 06.14 Period 25 32.030 41.646 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471.981 1806.003 2443.821 8032.999 Period 24 650.955 898.092 Period 26 33.671 44.312 59.156 79.954 109.182 150.334 208.333 290.088 405.272 567.377 1238.636 1706.803 2348.803 3226.844 11247.199 Period 25 Period 27 35.344 47.084 63.706 87.351 121.100 169.374 238.499 337.502 479.221 681.853 795.165 1114.634 1561.682 2185.708 3054.444 4260.434 15747.079 Period 26 Period 28 37.051 49.968 68.528 95.339 134.210 190.699 272.889 392.503 566.481 1383.146 1968.719 2798.706 3971.778 5624.772 819.223 22046.910 Period 27 Period 29 38.792 52.966 73.640 103.966 148.631 214.583 312.094 456.303 669.447 984.068 2481.586 3.344 5164.311 7425.699 30866.674 Period 28 1447,608 2128.965 Period 30 40.568 56.085 79.058 113.283 164.494 241.333 356.787 530.312 790.948 1181.882 1767.081 3127.798 4587.680 6714.604 9802.923 43214.343 2640-916 Period 29 Period 35 49.994 73.652 111.435 172.317271.024 431.663 693.573 1120.713 1816.652 2948.341 4783.645 3942.026 8729.985 12940.859 60501,081 Period 30 Period 40 60.402 95.026 154.762259.057442.593 767.091 1342.02523607574163.213 7343.858 12936.535 22728.803 39792.982 69377.460 120392.883 207874.272 1750091.741 Period 40 7750.225 12527.442 20188.966 32422.868 51869.427 325400.279 Period 35 * Payments (or receipts) at the end of each period. 971.102 1185.744 1716.101 3583.3 5873.231