On January 1, 2021, Worcester Construction leased International Harvester equipment from Newton LeaseCorp. Newton LeaseCorp purchased the equipment from Wellesley Harvester at a cost of $1,008,054. Worcester's borrowing rate for similar transactions is 12%. The lease agreement specified four annual payments of $150,000 beginning January 1, 2021, the beginning of the lease, and on each December 31 thereafter through 2023. The useful life of the equipment is estimated to be six years. The present value of those four payments at a discount rate of 12% is $510,275. On January 1, 2023 (after two years and three payments), Worcester and Newton agreed to extend the lease term by two years. The market rate of interest at that time was 11%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required:

1. Prepare the appropriate entries for Worcester Construction on January 1, 2023, to adjust its lease liability for the lease modification. 2. Prepare all appropriate entries for Newton LeaseCorp on January 1, 2023, to record the lease modification. 3. Prepare all appropriate entries for Worcester Construction on December 31, 2023, related to the lease. 4. Prepare all appropriate entries for Newton LeaseCorp on December 31, 2023, related to the lease.

Help me with explanation please

No General Journal Debit Credit 1 Date January 01, 2023 Right-of-use asset Lease payable No General Journal Debit Credit Date January 01, 2023 Lease receivable No General Journal Debit Credit Date December 31, 202 Interest expense Lease payable Cash December 31, 202 Amortization expense Right-of-use asset General Journal Debit Credit No 1 Date December 31, 202 Cash Lease receivable TABLE 1 Future Value of $1 FV = $1(1 + i)" ni 1.0% 1 1.01000 1.5% 1.01500 2.0% 1.02000 2 3 1.02010 1.03030 1.03022 1.04568 2.5% 3.0% 1.02500 1.03000 1.05063 1.06090 1.07689 1.09273 1.10381 1.12551 1.13141 1.15927 1.04040 1.06121 3.5% 1.03500 1.07123 1.10872 1.14752 1.18769 4.0% 1.04000 1.08160 1.12486 1.16986 1.21665 4.5% 5.0% 5.5% 1.04500 1.05000 1.05500 1.09203 1.10250 1.11303 1.14117 1.15763 1.17424 1.19252 1.21551 1.23882 1.24618 1.27628 1.30696 6.0% 1.06000 1.12360 1.19102 1.26248 1.33823 7.0% 1.07000 1.14490 1.22504 1.31080 1.40255 8.0% 1.08000 1.16640 1.25971 1.36049 1.46933 20.0% 1.20000 1.44000 1.72800 0.0% 0.0% 1.09000 1.10000 1.18810 1.21000 1.29503133100 1.41158 1.46410 1.53862 1.61051 11.0% 1.11000 1.23210 1.36763 1.51807 1.68506 12.0% 1.12000 1.25440 1.40493 1.57352 1.76234 2.07360 4 5 1.04060 1.05101 1.06136 1.07728 1.08243 1.10408 2.48832 2.98598 3.58318 6 7 8 9 10 1.06152 1.07214 1.08286 1.09369 1.10462 1.09344 1.12616 1.10984 1.14869 1.12649 1.17166 1.14339 1.19509 1.16054 1.21899 1.15969 1.18869 1.21840 1.24886 1.28008 1.19405 1.22987 1.26677 1.30477 1.34392 1.22926 1.27228 131681 1.36290 1.41060 1.26532 1.30226 1.31593 1.36086 1.36857 1.42210 1.42331 1.48610 1.48024 1.55297 1.34010 1.37884 1.41852 1.40710 1.45468 1.50363 1.47746 1.53469 1.59385 1.55133 1.619091.68948 1.62889 1.70814 1.79085 1.50073 1.60578 1.71819 1.83846 1.96715 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 4.29982 5.15978 6.19174 7.43008 11 12 13 14 15 1.11567 1.17795 1.12683 1.19562 1.13809 1.21355 1.14947 1.23176 1.16097 1.25023 1.24337 1.26824 1.29361 1.31948 1.34587 1.31209 1.34489 1.37851 1.41297 1.44830 1.38423 1.45997 1.53945 1.42576 1.51107 1.60103 1.46853 1.56396 1.66507 1.51259 1.61869 1.73168 1.55797 1.67535 1.80094 1.62285 1.69588 1.77220 1.85194 1.93528 1.71034 1.802091.89830 1.79586 1.90121 2.01220 1.88565 2.00577 2.13293 1.97993 2.116092.26090 2.07893 2.23248 2.39656 2.10485 2.25219 2.40985 2.57853 2.75903 2.33164 2.51817 2.71962 2.93719 3.17217 2.58043 2.81266 3.06580 3.34173 3.64248 2.85312 3.13843 3.45227 3.79750 4.17725 3.15176 3.47855 3.49845 3.89598 3.88328 4.36349 4.31044 4.88711 4.784595.47357 8.91610 1 0.69932 12.83918 15.40702 3.970314.59497 5.310896.13039 18.48843 16 17 1.17258 1.18430 1.26899 1.28802 1.37279 1.40024 1.48451 1.60471 1.73399 1.52162 1.65285 1.79468 1.87298 2.02237 2.18287 2.35526 1.94790 2.11338 2.29202 2.48480 2.54035 2.69277 2.95216 3.15882 3.42594 3.70002 4.32763 5.05447 5.895096.86604 22.18611 18 19 1.19615 1.30734 1.20811 1.32695 1.42825 1.45681 1.55966 1.59865 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 2.85434 3.02560 3.37993 3.61653 3.99602 4.31570 4.71712 5.55992 5.141666.11591 6.54355 7.26334 7.68997 8.61276 26.62333 31.94800 20 1.22019 1.34686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 38.33760 21 25 30 40 1.23239 1.36706 1.28243 1.45095 1.34785 1.56308 1.48886 1.81402 1.51567 1.67958 1.64061 1.85394 1.81136 2.09757 2.20804 2.68506 1.86029 2.05943 2.27877 2.52024 2.09378 2.36324 2.66584 3.00543 2.42726 2.806793.24340 3.74532 3.26204 3.95926 4.80102 5.81636 2.78596 3.07823 3.39956 3.38635 3.813394.29187 4.32194 4.98395 5.74349 7.03999 8.51331 10.28572 4.14056 5.03383 6.10881 5.427436.84848 8.62308 7.61226 10.06266 13.26768 14.97446 21.72452 31.40942 7.40025 8.94917 10.80385 46.00512 10.83471 13.58546 17.00006 95.39622 17.44940 22.89230 29.95992 237.37631 45.25926 65.00087 93.05097 1469.77160 TABLE 2 Present Value of $1 PV = $1 (1 + i)" ni 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.86384 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 5 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 5.5% 0.94787 0.89845 0.85161 0.80722 0.76513 6.0% 7.0% 8.0% 0.0% 0.0% 11.0% 12.0% 20.0% 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.69444 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.48225 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.40188 6 7 8 9 10 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.33490 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.27908 0.92348 0.88771 0.853490.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.23257 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.61763 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.19381 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.16151 11 0.89632 12 0.88745 13 0.87866 14 0.86996 15 0.86135 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.13459 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.11216 0.49856 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 0.47257 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.07789 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.06491 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.05409 17 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 0.51337 0.47318 0.43630 0.40245 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.04507 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 0.38147 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.03756 19 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.03130 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.02608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 0.16370 0.13513 0.11174 0.09256 0.02174 24 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 0.34770 0.31007 0.27666 0.24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.01258 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 0.37512 0.33273 0.29530 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 0.33348 0.29157 0.25509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.14056 0.10733 0.08215 0.06304 0.04849 0.03738 0.00506 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.267000.23138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 31 0.73458 0.63031 0.54125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.04368 0.03338 0.00421 0.03935 0.02980 0.00351 0.01538 0.01075 0.00068 TABLE 3 Future Value of an ordinary Annuity of $1 FVA - (1 + i)" - 1 ni 1 2 3 4 5 1.0% 1.0000 2.0100 3.0301 4.0604 5.1010 1.5% 2.0% 1.0000 1.000 2.01502.0200 3.0452 3.0604 4.0909 4.1216 5.1523 5.2040 2.5% 1.0000 2.0250 3.0756 4.1525 5.2563 3.0% 1.0000 2.0300 3.0909 4.1836 5.3091 3.5% 4.0% 1.000 1.0000 2.0350 2.0400 3.1062 3.1216 4.21494.2465 5.3625 5.4163 4.5% 1.0000 2.0450 3.1370 4.2782 5.4707 5.0% 1.000 2.0500 3.1525 4.3101 5.5256 5.5% 6.0% 7.0% 1.0000 1.0000 1.0000 2.0550 2.0600 2.0700 3.16803.1836 3.2149 4.34234.37464.4399 5.5811 5.6371 5.7507 8.0% 1.000 2.0800 3.2464 4.5061 5.8666 0.0% 1.0000 2.0900 3.2781 4.5731 5.9847 10.0% 1.000 2.1000 3.3100 4.6410 6.1051 11.0% 1.000 2.1100 3.3421 4.7097 6.2278 12.0% 1.0000 2.1200 3.3744 4.7793 6.3528 20.0% 1.0000 2.2000 3.6400 5.3680 7.4416 6 7 8 9 10 6.1520 7.2135 8.2857 9.3685 10.4622 6.2296 7.3230 8.4328 9.5593 10.7027 6.3081 7.4343 8.5830 9.7546 10.9497 6.3877 7.5474 8.7361 9.9545 11.2034 6.4684 6.5502 7.6625 7.7794 8.8923 9.0517 10.1591 10.3685 11.4639 11.7314 6.6330 7.8983 9.2142 10.5828 12.0061 6.7169 8.0192 9.3800 10.8021 12.2882 6 .8019 6.9753 8.1420 8.26698.3938 9.5491 9.7216 9.8975 11.0266 11.256311.4913 12.577912.8754 13.1808 7.1533 7.33597.52337.7156 7.9129 8.65408.9228 9.2004 9.4872 9.7833 10.2598 10.6366 11.0285 11.435911.8594 11.9780 12.4876 13.0210 13.5795 14.1640 13.8164 14.4866 15.1929 15.9374 16.7220 8.1152 10.0890 12.2997 14.7757 17.5487 9.9299 12.9159 16.4991 20.7989 25.9587 11 12 13 14 15 11.5668 12.6825 13.8093 14.9474 16.0969 11.8633 13.0412 14.2368 15.4504 16.6821 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 14.2068 13.4121 13.7956 14.1920 14.6020 15.0258 15.4640 15.9171 14.6803 15.1404 15.6178 16.1130 16.6268 17.1599 17.7130 15.9739 16.5190 17.0863 17.6770 18.291918.9321 19.5986 17.2934 17.9319 18.5989 19.2957 20.0236 20.784121.5786 14.5835 16.3856 18.2868 20.2926 22.4087 14.9716 16.8699 18.8821 21.0151 23.2760 15.7836 16.6455 17.8885 18.9771 20.1406 21.4953 22.5505 24.2149 25.129027.1521 17.5603 18.5312 20.1407 21.3843 22.9534 24.5227 26.0192 27.9750 29.360931.7725 19.5614 22.7132 26.2116 30.0949 34.4054 20.6546 24.1331 28.0291 32.3926 37.2797 32.1504 39.5805 48.4966 59.1959 72.0351 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.8245 17 18.4304 19.2014 20.0121 20.8647 21.7616 22.7050 23.6975 18 19.6147 20.4894 21.4123 22.3863 23.4144 24.4997 25.6454 19 20.8109 21.7967 22.8406 23.9460 25.1169 26.3572 27.6712 20 22.0190 23.1237 24.2974 25.5447 26.8704 28.2797 29.7781 22.7193 24.7417 26.8551 29.0636 31.3714 23.6575 25.8404 28.1324 30.5390 33.0660 24.6411 25.6725 26.9964 28.2129 29.4812 30.9057 32.1027 33.7600 34.868336.7856 27.8881 30.8402 33.9990 37.3790 40.9955 30.3243 33.7502 37.4502 41.4463 45.7620 33.0034 36.9737 41.3013 46.0185 51.1601 35.9497 40.5447 45.5992 51.1591 57.2750 39.189942.7533 44.5008 48.8837 50.395955.7497 56.9395 63.4397 64.2028 72.0524 87.4421 105.9306 128.1167 154.7400 186.6880 21 23.2392 24.4705 25.7833 27.1833 28.6765 30.2695 31.9692 33.7831 35.7193 37.7861 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.084961.0071 66.4388 72.4355 40 48.8864 54.2679 60.4020 67.4026 75.4013 84.5503 95.0255 107.0303 120.7998 136.6056 39.9927 44.8652 50.422956.7645 79.0582 94.4608 113.2832 136.3075 154.7620 199.6351 259.0565 337.8824 64.0025 72.2651 81.6987 164.4940 199.0209241.3327 442.5926 581.8261 767.0914 225.0256 1181.8816 7343.8578 TABLE 4 Present Value of an Ordinary Annuity of $1 PVA (1+1) i ni 1 2 3 4 5 1.0% 1.5% 0.99010 0.98522 1.97040 1.95588 2.940992.91220 3.90197 3.85438 4.85343 4.78264 2.0% 2.5% 0.980390.97561 1.94156 1.92742 2.88388 2.85602 3.80773 3.76197 4.71346 4.64583 3.0% 0.97087 1.91347 2.82861 3.71710 4.57971 3.5% 4.0% 4.5% 0.96618 0.96154 0.95694 1.899691.886091.87267 2.80164 2.77509 2.74896 3.67308 3.62990 3.58753 4.51505 4.45182 4.38998 5.0% 0.95238 1.85941 2.72325 3.54595 4.32948 5.5% 0.94787 1.84632 2.69793 3.50515 4.27028 6.0% 0.94340 1.83339 2.67301 3.46511 4.21236 7.0% 0.93458 1.80802 2.62432 3.38721 4.10020 8.0% 0.92593 1.78326 2.57710 3.31213 3.99271 0.0% 0.0% 11.0% 12.0% 20.0% 0.91743 0.90909 0.90090 0.89286 0.83333 1.75911 1.73554 1.71252 1.69005 1.52778 2.53129 2.48685 2.44371 2.40183 2.10648 3.23972 3.16987 3.10245 3.03735 2.58873 3.88965 3.79079 3.69590 3.60478 2.99061 6 7 8 5.79548 5.69719 6.728196.59821 7.651687.48593 8.56602 8.36052 5.60143 6.47199 732548 8.16224 5.50813 5.41719 6.349396.23028 7.170147.01969 7.97087 7.78611 5.32855 5.24214 6.11454 6.00205 6.87396 6.73274 7.607697.43533 5.15787 5.075694.995534.91732 4.76654 5.89270 5.78637 5.68297 5.58238 5.38929 6.595896.46321 6.33457 6.20979 5.97130 7.26879 7.10782 6.952206.801696.51523 4.62288 5.20637 5.74664 6.24689 4.48592 4.35526 4.23054 4.11141 3.32551 5.03295 4.86842 4.71220 4.56376 3.60459 5.53482 5.33493 5.14612 4.96764 3.83716 5.99525 5.75902 5.53705 5.32825 4.03097 9 10 9.47130 9.22218 8.982598.75206 8.53020 8.31661 8.11090 7.91272 7.72173 7.53763 7.360097.02358 6.710086.41766 6.14457 5.88923 5.65022 4.19247 11 12 13 14 15 10.36763 11.25508 12.13374 13.00370 13.86505 10.07112 10.90751 11.73153 12.54338 13.34323 9.78685 9.51421 9.252629.00155 10.57534 10.25776 9.95400 9.66333 11.34837 10.98319 10.63496 10.30274 12.10625 11.69091 11.29607 10.92052 12.84926 12.38138 11.93794 11.51741 8.76048 9.38507 9.98565 10.56312 11.11839 8.52892 9.11858 9.68285 10.22283 10.73955 8.30641 8.86325 9.39357 9.89864 10.37966 8.09254 8.61852 9.11708 9.58965 10.03758 7.88687 7.49867 8.38384 7.94269 8.85268 8.35765 9.294988.74547 9.71225 9.10791 7.13896 7.53608 7.90378 8.24424 8.55948 6.80519 6.49506 6.20652 5.93770 4.32706 7.16073 6.81369 6.49236 6.19437 4.43922 7.48690 7.10336 6.74987 6.42355 4.53268 7.78615 7.36669 6.98187 6.62817 4.61057 8.06069 7.60608 7.19087 6.81086 4.67547 16 17 18 19 20 14.71787 15.56225 16.39827 17.22601 18.04555 14.13126 13.57771 13.05500 14.90765 14.29187 13.71220 15.67256 14.99203 14.35336 16.42617 15.67846 14.97889 17.16864 16.35143 15.58916 12.56110 13.16612 13.75351 14.32380 14.87747 12.09412 12.65132 13.18968 13.70984 14.21240 11.65230 12.16567 12.65930 13.13394 13.59033 11.23402 11.70719 12.15999 12.59329 13.00794 10.83777 11.27407 11.68959 12.08532 12.46221 10.46216 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 4.72956 10.86461 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 4.77463 11.24607 10.82760 10.059099.371898.75563 8.20141 7.70162 7.24967 4.81219 11.60765 11.15812 10.33560 9.60360 8.95011 8.36492 7.839297.36578 4.84350 11.95038 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 4.86958 21 18.85698 25 22.02316 30 25.80771 40 32.83469 17.90014 17.01121 16.18455 15.41502 20.71961 19.52346 18.42438 17.41315 24.01584 22.39646 20.93029 19.60044 29.91585 27.35548 25.10278 23.11477 14.69797 16.48151 18.39205 21.35507 14.02916 15.62208 17.29203 19.79277 13.40472 14.82821 16.28889 18.40158 12.82115 14.09394 15.37245 17.15909 12.27524 13.41393 14.53375 16.04612 11.76408 12.78336 13.76483 15.04630 10.83553 10.01680 9.29224 8.64869 8.07507 7.56200 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 12.40904 11.25778 10.27365 9.42691 8.693798.05518 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 4.89132 4.94759 4.97894 4.99660 TABLE 5 Future Value of an Annuity Due of $1 [(1 + i)" - 11 FVAD = - 1 x (1+i) 20.0% 1 ni 1 2 3 4 5 1.0% 1.0100 2.0301 3.0604 4.1010 5.1520 1.5% 2.0% 1.0150 1.0200 2.0452 2.0604 3.09093.1216 4.1523 4.2040 5.2296 5.3081 2.5% 1.0250 2.0756 3.1525 4.2563 5.3877 3.0% 3.5% 4.0% 4.5% 5.0% 1.0300 1.0350 1.0400 1.0450 1.0500 2.0909 2.1062 2.1216 2.1370 2.1525 3.1836 3.21493.2465 3.27823.3101 4.30914.3625 4.41634.47074.5256 5.4684 5.5502 5.6330 5.71695.8019 5.5% 1.0550 2.1680 3.3423 4.5811 5.8881 6.0% 1.0600 2.1836 3.3746 4.6371 5.9753 7.0% .0700 2.2149 3.4399 4.7507 6.1533 8.0% 0.0% 1.0800 1.0900 2.2464 2.2781 3.5061 3.5731 4.8666 4.9847 6.33596.5233 0.0% 1.1000 2.3100 3.6410 5.1051 6.7156 11.0% 12.0% 1.1100 1.1200 2.3421 2.3744 3.7097 3.7793 5.2278 5.3528 6.91297.1152 1.2000 2.6400 4.3680 6.4416 8.9299 6 7 8 9 10 6.2135 7.2857 8.3685 9.4622 10.5668 6.3230 7.4328 8.5593 9.7027 10.8633 6.4343 7.5830 8.7546 9.9497 11.1687 6.5474 6.6625 6.7794 7.7361 7.8923 8.0517 8.9545 9.1591 9.3685 10.2034 10.4639 10.7314 11.4835 11.807812.1420 6.89837.0192 8.2142 8.3800 9.5828 9.8021 11.0061 11.2882 12.4864 12.8412 7.1420 7.2669 8.5491 8.7216 10.0266 10.2563 11.577911.8754 13.2068 13.5835 7.3938 8.8975 10.4913 12.1808 13.9716 7.65407.9228 8.2004 9.2598 9.6366 10.0285 10.9780 11.4876 12.0210 12.8164 13.4866 14.1929 14.7836 15.645516.5603 8.4872 8.7833 10.4359 10.8594 12.5795 13.1640 14.9374 15.7220 17.531218.5614 9.0890 11.2997 13.7757 16.5487 19.6546 11.9159 15.4991 19.7989 24.9587 31.1504 38.5805 47.4966 11 12 13 14 15 11.6825 12.0412 12.4121 12.7956 12.8093 13.2368 13.6803 14.1404 13.9474 14.4504 14.9739 15.5190 15.0969 15.6821 16.2934 16.9319 16.2579 16.9324 17.6393 18.3802 13.1920 13.6020 14.0258 14.4640 14.9171 14.6178 15.1130 15.6268 16.1599 16.7130 16.0863 16.6770 17.291917.932118.5986 17.5989 18.2957 19.0236 19.7841 20.5786 19.1569 19.9710 20.8245 21.7193 22.6575 15.3856 17.2868 19.2926 21.4087 23.6411 15.869916.8885 17.8821 19.1406 20.0151 21.5505 22.2760 24.1290 24.6725 26.8881 17.9771 20.4953 23.2149 26.1521 29.3243 19.140720.3843 21.9534 23.5227 25.0192 26.9750 28.3609 30.7725 32.0034 34.9497 21.7132 25.2116 29.0949 33.4054 38.1899 23.1331 27.0291 31.3926 36.2797 41.7533 58.1959 71.0351 86.4421 16 17.4304 18.2014 19.0121 19.8647 20.7616 21.7050 22.6975 17 18.6147 19.4894 20.4123 21.3863 22.4144 23.4997 24.6454 18 19.8109 20.7967 21.8406 22.9460 24.1169 25.3572 26.6712 19 21.0190 22.1237 23.2974 24.5447 25.8704 27.2797 28.7781 20 22.2392 23.4705 24.7833 26.1833 27.6765 29.2695 30.9692 23.7417 25.8551 28.0636 30.3714 32.7831 24.8404 27.1324 29.5390 32.0660 34.7193 25.9964 28.4812 31.1027 33.8683 36.7861 27.2129 29.9057 32.7600 35.7856 38.9927 29.8402 32.9990 36.3790 39.9955 43.8652 32.7502 35.9737 36.4502 40.3013 40.4463 45.0185 44.7620 50.1601 49.422955.7645 39.5447 43.5008 44.5992 49.3959 50.1591 55.9395 56.275063.2028 63.0025 71.2651 47.8837 54.7497 62.4397 71.0524 80.6987 104.9306 127.1167 153.7400 185.6880 224.0256 21 23.4716 24.8376 26.2990 27.8629 29.5368 31.328933.2480 35.3034 37.5052 25 28.5256 30.5140 32.670935.0117 37.5530 40.3131 43.3117 46.5706 50.1135 30 35.1327 38.1018 41.3794 45.0003 49.0027 53.4295 58.3283 63.7524 69.7608 40 49.3752 55.0819 61.6100 69.0876 77.6633 87.5095 98.8265 111.8467 126.8398 39.8643 53.9660 76.4194 144.1189 42.3923 48.0057 54.4568 58.1564 67.6765 78.9544 83.8017 101.0730 122.3459 164.0477 213.6096 279.7810 61.8733 70.4027 80.2143 91.5026 270.0307 92.3240 108.1818 126.9988 149.3339 566.3773 148.5752 180.9434 220.9132 270.2926 1418.2579 368.2919 486.8518 645.8269859.1424 8812.6294 No General Journal Debit Credit 1 Date January 01, 2023 Right-of-use asset Lease payable No General Journal Debit Credit Date January 01, 2023 Lease receivable No General Journal Debit Credit Date December 31, 202 Interest expense Lease payable Cash December 31, 202 Amortization expense Right-of-use asset General Journal Debit Credit No 1 Date December 31, 202 Cash Lease receivable TABLE 1 Future Value of $1 FV = $1(1 + i)" ni 1.0% 1 1.01000 1.5% 1.01500 2.0% 1.02000 2 3 1.02010 1.03030 1.03022 1.04568 2.5% 3.0% 1.02500 1.03000 1.05063 1.06090 1.07689 1.09273 1.10381 1.12551 1.13141 1.15927 1.04040 1.06121 3.5% 1.03500 1.07123 1.10872 1.14752 1.18769 4.0% 1.04000 1.08160 1.12486 1.16986 1.21665 4.5% 5.0% 5.5% 1.04500 1.05000 1.05500 1.09203 1.10250 1.11303 1.14117 1.15763 1.17424 1.19252 1.21551 1.23882 1.24618 1.27628 1.30696 6.0% 1.06000 1.12360 1.19102 1.26248 1.33823 7.0% 1.07000 1.14490 1.22504 1.31080 1.40255 8.0% 1.08000 1.16640 1.25971 1.36049 1.46933 20.0% 1.20000 1.44000 1.72800 0.0% 0.0% 1.09000 1.10000 1.18810 1.21000 1.29503133100 1.41158 1.46410 1.53862 1.61051 11.0% 1.11000 1.23210 1.36763 1.51807 1.68506 12.0% 1.12000 1.25440 1.40493 1.57352 1.76234 2.07360 4 5 1.04060 1.05101 1.06136 1.07728 1.08243 1.10408 2.48832 2.98598 3.58318 6 7 8 9 10 1.06152 1.07214 1.08286 1.09369 1.10462 1.09344 1.12616 1.10984 1.14869 1.12649 1.17166 1.14339 1.19509 1.16054 1.21899 1.15969 1.18869 1.21840 1.24886 1.28008 1.19405 1.22987 1.26677 1.30477 1.34392 1.22926 1.27228 131681 1.36290 1.41060 1.26532 1.30226 1.31593 1.36086 1.36857 1.42210 1.42331 1.48610 1.48024 1.55297 1.34010 1.37884 1.41852 1.40710 1.45468 1.50363 1.47746 1.53469 1.59385 1.55133 1.619091.68948 1.62889 1.70814 1.79085 1.50073 1.60578 1.71819 1.83846 1.96715 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 4.29982 5.15978 6.19174 7.43008 11 12 13 14 15 1.11567 1.17795 1.12683 1.19562 1.13809 1.21355 1.14947 1.23176 1.16097 1.25023 1.24337 1.26824 1.29361 1.31948 1.34587 1.31209 1.34489 1.37851 1.41297 1.44830 1.38423 1.45997 1.53945 1.42576 1.51107 1.60103 1.46853 1.56396 1.66507 1.51259 1.61869 1.73168 1.55797 1.67535 1.80094 1.62285 1.69588 1.77220 1.85194 1.93528 1.71034 1.802091.89830 1.79586 1.90121 2.01220 1.88565 2.00577 2.13293 1.97993 2.116092.26090 2.07893 2.23248 2.39656 2.10485 2.25219 2.40985 2.57853 2.75903 2.33164 2.51817 2.71962 2.93719 3.17217 2.58043 2.81266 3.06580 3.34173 3.64248 2.85312 3.13843 3.45227 3.79750 4.17725 3.15176 3.47855 3.49845 3.89598 3.88328 4.36349 4.31044 4.88711 4.784595.47357 8.91610 1 0.69932 12.83918 15.40702 3.970314.59497 5.310896.13039 18.48843 16 17 1.17258 1.18430 1.26899 1.28802 1.37279 1.40024 1.48451 1.60471 1.73399 1.52162 1.65285 1.79468 1.87298 2.02237 2.18287 2.35526 1.94790 2.11338 2.29202 2.48480 2.54035 2.69277 2.95216 3.15882 3.42594 3.70002 4.32763 5.05447 5.895096.86604 22.18611 18 19 1.19615 1.30734 1.20811 1.32695 1.42825 1.45681 1.55966 1.59865 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 2.85434 3.02560 3.37993 3.61653 3.99602 4.31570 4.71712 5.55992 5.141666.11591 6.54355 7.26334 7.68997 8.61276 26.62333 31.94800 20 1.22019 1.34686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 38.33760 21 25 30 40 1.23239 1.36706 1.28243 1.45095 1.34785 1.56308 1.48886 1.81402 1.51567 1.67958 1.64061 1.85394 1.81136 2.09757 2.20804 2.68506 1.86029 2.05943 2.27877 2.52024 2.09378 2.36324 2.66584 3.00543 2.42726 2.806793.24340 3.74532 3.26204 3.95926 4.80102 5.81636 2.78596 3.07823 3.39956 3.38635 3.813394.29187 4.32194 4.98395 5.74349 7.03999 8.51331 10.28572 4.14056 5.03383 6.10881 5.427436.84848 8.62308 7.61226 10.06266 13.26768 14.97446 21.72452 31.40942 7.40025 8.94917 10.80385 46.00512 10.83471 13.58546 17.00006 95.39622 17.44940 22.89230 29.95992 237.37631 45.25926 65.00087 93.05097 1469.77160 TABLE 2 Present Value of $1 PV = $1 (1 + i)" ni 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.86384 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 5 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 5.5% 0.94787 0.89845 0.85161 0.80722 0.76513 6.0% 7.0% 8.0% 0.0% 0.0% 11.0% 12.0% 20.0% 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.69444 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.48225 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.40188 6 7 8 9 10 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.33490 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.27908 0.92348 0.88771 0.853490.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.23257 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.61763 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.19381 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.16151 11 0.89632 12 0.88745 13 0.87866 14 0.86996 15 0.86135 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.13459 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.11216 0.49856 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 0.47257 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.07789 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.06491 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.05409 17 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 0.51337 0.47318 0.43630 0.40245 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.04507 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 0.38147 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.03756 19 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.03130 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.02608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 0.16370 0.13513 0.11174 0.09256 0.02174 24 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 0.34770 0.31007 0.27666 0.24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.01258 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 0.37512 0.33273 0.29530 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 0.33348 0.29157 0.25509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.14056 0.10733 0.08215 0.06304 0.04849 0.03738 0.00506 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.267000.23138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 31 0.73458 0.63031 0.54125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.04368 0.03338 0.00421 0.03935 0.02980 0.00351 0.01538 0.01075 0.00068 TABLE 3 Future Value of an ordinary Annuity of $1 FVA - (1 + i)" - 1 ni 1 2 3 4 5 1.0% 1.0000 2.0100 3.0301 4.0604 5.1010 1.5% 2.0% 1.0000 1.000 2.01502.0200 3.0452 3.0604 4.0909 4.1216 5.1523 5.2040 2.5% 1.0000 2.0250 3.0756 4.1525 5.2563 3.0% 1.0000 2.0300 3.0909 4.1836 5.3091 3.5% 4.0% 1.000 1.0000 2.0350 2.0400 3.1062 3.1216 4.21494.2465 5.3625 5.4163 4.5% 1.0000 2.0450 3.1370 4.2782 5.4707 5.0% 1.000 2.0500 3.1525 4.3101 5.5256 5.5% 6.0% 7.0% 1.0000 1.0000 1.0000 2.0550 2.0600 2.0700 3.16803.1836 3.2149 4.34234.37464.4399 5.5811 5.6371 5.7507 8.0% 1.000 2.0800 3.2464 4.5061 5.8666 0.0% 1.0000 2.0900 3.2781 4.5731 5.9847 10.0% 1.000 2.1000 3.3100 4.6410 6.1051 11.0% 1.000 2.1100 3.3421 4.7097 6.2278 12.0% 1.0000 2.1200 3.3744 4.7793 6.3528 20.0% 1.0000 2.2000 3.6400 5.3680 7.4416 6 7 8 9 10 6.1520 7.2135 8.2857 9.3685 10.4622 6.2296 7.3230 8.4328 9.5593 10.7027 6.3081 7.4343 8.5830 9.7546 10.9497 6.3877 7.5474 8.7361 9.9545 11.2034 6.4684 6.5502 7.6625 7.7794 8.8923 9.0517 10.1591 10.3685 11.4639 11.7314 6.6330 7.8983 9.2142 10.5828 12.0061 6.7169 8.0192 9.3800 10.8021 12.2882 6 .8019 6.9753 8.1420 8.26698.3938 9.5491 9.7216 9.8975 11.0266 11.256311.4913 12.577912.8754 13.1808 7.1533 7.33597.52337.7156 7.9129 8.65408.9228 9.2004 9.4872 9.7833 10.2598 10.6366 11.0285 11.435911.8594 11.9780 12.4876 13.0210 13.5795 14.1640 13.8164 14.4866 15.1929 15.9374 16.7220 8.1152 10.0890 12.2997 14.7757 17.5487 9.9299 12.9159 16.4991 20.7989 25.9587 11 12 13 14 15 11.5668 12.6825 13.8093 14.9474 16.0969 11.8633 13.0412 14.2368 15.4504 16.6821 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 14.2068 13.4121 13.7956 14.1920 14.6020 15.0258 15.4640 15.9171 14.6803 15.1404 15.6178 16.1130 16.6268 17.1599 17.7130 15.9739 16.5190 17.0863 17.6770 18.291918.9321 19.5986 17.2934 17.9319 18.5989 19.2957 20.0236 20.784121.5786 14.5835 16.3856 18.2868 20.2926 22.4087 14.9716 16.8699 18.8821 21.0151 23.2760 15.7836 16.6455 17.8885 18.9771 20.1406 21.4953 22.5505 24.2149 25.129027.1521 17.5603 18.5312 20.1407 21.3843 22.9534 24.5227 26.0192 27.9750 29.360931.7725 19.5614 22.7132 26.2116 30.0949 34.4054 20.6546 24.1331 28.0291 32.3926 37.2797 32.1504 39.5805 48.4966 59.1959 72.0351 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.8245 17 18.4304 19.2014 20.0121 20.8647 21.7616 22.7050 23.6975 18 19.6147 20.4894 21.4123 22.3863 23.4144 24.4997 25.6454 19 20.8109 21.7967 22.8406 23.9460 25.1169 26.3572 27.6712 20 22.0190 23.1237 24.2974 25.5447 26.8704 28.2797 29.7781 22.7193 24.7417 26.8551 29.0636 31.3714 23.6575 25.8404 28.1324 30.5390 33.0660 24.6411 25.6725 26.9964 28.2129 29.4812 30.9057 32.1027 33.7600 34.868336.7856 27.8881 30.8402 33.9990 37.3790 40.9955 30.3243 33.7502 37.4502 41.4463 45.7620 33.0034 36.9737 41.3013 46.0185 51.1601 35.9497 40.5447 45.5992 51.1591 57.2750 39.189942.7533 44.5008 48.8837 50.395955.7497 56.9395 63.4397 64.2028 72.0524 87.4421 105.9306 128.1167 154.7400 186.6880 21 23.2392 24.4705 25.7833 27.1833 28.6765 30.2695 31.9692 33.7831 35.7193 37.7861 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.084961.0071 66.4388 72.4355 40 48.8864 54.2679 60.4020 67.4026 75.4013 84.5503 95.0255 107.0303 120.7998 136.6056 39.9927 44.8652 50.422956.7645 79.0582 94.4608 113.2832 136.3075 154.7620 199.6351 259.0565 337.8824 64.0025 72.2651 81.6987 164.4940 199.0209241.3327 442.5926 581.8261 767.0914 225.0256 1181.8816 7343.8578 TABLE 4 Present Value of an Ordinary Annuity of $1 PVA (1+1) i ni 1 2 3 4 5 1.0% 1.5% 0.99010 0.98522 1.97040 1.95588 2.940992.91220 3.90197 3.85438 4.85343 4.78264 2.0% 2.5% 0.980390.97561 1.94156 1.92742 2.88388 2.85602 3.80773 3.76197 4.71346 4.64583 3.0% 0.97087 1.91347 2.82861 3.71710 4.57971 3.5% 4.0% 4.5% 0.96618 0.96154 0.95694 1.899691.886091.87267 2.80164 2.77509 2.74896 3.67308 3.62990 3.58753 4.51505 4.45182 4.38998 5.0% 0.95238 1.85941 2.72325 3.54595 4.32948 5.5% 0.94787 1.84632 2.69793 3.50515 4.27028 6.0% 0.94340 1.83339 2.67301 3.46511 4.21236 7.0% 0.93458 1.80802 2.62432 3.38721 4.10020 8.0% 0.92593 1.78326 2.57710 3.31213 3.99271 0.0% 0.0% 11.0% 12.0% 20.0% 0.91743 0.90909 0.90090 0.89286 0.83333 1.75911 1.73554 1.71252 1.69005 1.52778 2.53129 2.48685 2.44371 2.40183 2.10648 3.23972 3.16987 3.10245 3.03735 2.58873 3.88965 3.79079 3.69590 3.60478 2.99061 6 7 8 5.79548 5.69719 6.728196.59821 7.651687.48593 8.56602 8.36052 5.60143 6.47199 732548 8.16224 5.50813 5.41719 6.349396.23028 7.170147.01969 7.97087 7.78611 5.32855 5.24214 6.11454 6.00205 6.87396 6.73274 7.607697.43533 5.15787 5.075694.995534.91732 4.76654 5.89270 5.78637 5.68297 5.58238 5.38929 6.595896.46321 6.33457 6.20979 5.97130 7.26879 7.10782 6.952206.801696.51523 4.62288 5.20637 5.74664 6.24689 4.48592 4.35526 4.23054 4.11141 3.32551 5.03295 4.86842 4.71220 4.56376 3.60459 5.53482 5.33493 5.14612 4.96764 3.83716 5.99525 5.75902 5.53705 5.32825 4.03097 9 10 9.47130 9.22218 8.982598.75206 8.53020 8.31661 8.11090 7.91272 7.72173 7.53763 7.360097.02358 6.710086.41766 6.14457 5.88923 5.65022 4.19247 11 12 13 14 15 10.36763 11.25508 12.13374 13.00370 13.86505 10.07112 10.90751 11.73153 12.54338 13.34323 9.78685 9.51421 9.252629.00155 10.57534 10.25776 9.95400 9.66333 11.34837 10.98319 10.63496 10.30274 12.10625 11.69091 11.29607 10.92052 12.84926 12.38138 11.93794 11.51741 8.76048 9.38507 9.98565 10.56312 11.11839 8.52892 9.11858 9.68285 10.22283 10.73955 8.30641 8.86325 9.39357 9.89864 10.37966 8.09254 8.61852 9.11708 9.58965 10.03758 7.88687 7.49867 8.38384 7.94269 8.85268 8.35765 9.294988.74547 9.71225 9.10791 7.13896 7.53608 7.90378 8.24424 8.55948 6.80519 6.49506 6.20652 5.93770 4.32706 7.16073 6.81369 6.49236 6.19437 4.43922 7.48690 7.10336 6.74987 6.42355 4.53268 7.78615 7.36669 6.98187 6.62817 4.61057 8.06069 7.60608 7.19087 6.81086 4.67547 16 17 18 19 20 14.71787 15.56225 16.39827 17.22601 18.04555 14.13126 13.57771 13.05500 14.90765 14.29187 13.71220 15.67256 14.99203 14.35336 16.42617 15.67846 14.97889 17.16864 16.35143 15.58916 12.56110 13.16612 13.75351 14.32380 14.87747 12.09412 12.65132 13.18968 13.70984 14.21240 11.65230 12.16567 12.65930 13.13394 13.59033 11.23402 11.70719 12.15999 12.59329 13.00794 10.83777 11.27407 11.68959 12.08532 12.46221 10.46216 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 4.72956 10.86461 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 4.77463 11.24607 10.82760 10.059099.371898.75563 8.20141 7.70162 7.24967 4.81219 11.60765 11.15812 10.33560 9.60360 8.95011 8.36492 7.839297.36578 4.84350 11.95038 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 4.86958 21 18.85698 25 22.02316 30 25.80771 40 32.83469 17.90014 17.01121 16.18455 15.41502 20.71961 19.52346 18.42438 17.41315 24.01584 22.39646 20.93029 19.60044 29.91585 27.35548 25.10278 23.11477 14.69797 16.48151 18.39205 21.35507 14.02916 15.62208 17.29203 19.79277 13.40472 14.82821 16.28889 18.40158 12.82115 14.09394 15.37245 17.15909 12.27524 13.41393 14.53375 16.04612 11.76408 12.78336 13.76483 15.04630 10.83553 10.01680 9.29224 8.64869 8.07507 7.56200 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 12.40904 11.25778 10.27365 9.42691 8.693798.05518 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 4.89132 4.94759 4.97894 4.99660 TABLE 5 Future Value of an Annuity Due of $1 [(1 + i)" - 11 FVAD = - 1 x (1+i) 20.0% 1 ni 1 2 3 4 5 1.0% 1.0100 2.0301 3.0604 4.1010 5.1520 1.5% 2.0% 1.0150 1.0200 2.0452 2.0604 3.09093.1216 4.1523 4.2040 5.2296 5.3081 2.5% 1.0250 2.0756 3.1525 4.2563 5.3877 3.0% 3.5% 4.0% 4.5% 5.0% 1.0300 1.0350 1.0400 1.0450 1.0500 2.0909 2.1062 2.1216 2.1370 2.1525 3.1836 3.21493.2465 3.27823.3101 4.30914.3625 4.41634.47074.5256 5.4684 5.5502 5.6330 5.71695.8019 5.5% 1.0550 2.1680 3.3423 4.5811 5.8881 6.0% 1.0600 2.1836 3.3746 4.6371 5.9753 7.0% .0700 2.2149 3.4399 4.7507 6.1533 8.0% 0.0% 1.0800 1.0900 2.2464 2.2781 3.5061 3.5731 4.8666 4.9847 6.33596.5233 0.0% 1.1000 2.3100 3.6410 5.1051 6.7156 11.0% 12.0% 1.1100 1.1200 2.3421 2.3744 3.7097 3.7793 5.2278 5.3528 6.91297.1152 1.2000 2.6400 4.3680 6.4416 8.9299 6 7 8 9 10 6.2135 7.2857 8.3685 9.4622 10.5668 6.3230 7.4328 8.5593 9.7027 10.8633 6.4343 7.5830 8.7546 9.9497 11.1687 6.5474 6.6625 6.7794 7.7361 7.8923 8.0517 8.9545 9.1591 9.3685 10.2034 10.4639 10.7314 11.4835 11.807812.1420 6.89837.0192 8.2142 8.3800 9.5828 9.8021 11.0061 11.2882 12.4864 12.8412 7.1420 7.2669 8.5491 8.7216 10.0266 10.2563 11.577911.8754 13.2068 13.5835 7.3938 8.8975 10.4913 12.1808 13.9716 7.65407.9228 8.2004 9.2598 9.6366 10.0285 10.9780 11.4876 12.0210 12.8164 13.4866 14.1929 14.7836 15.645516.5603 8.4872 8.7833 10.4359 10.8594 12.5795 13.1640 14.9374 15.7220 17.531218.5614 9.0890 11.2997 13.7757 16.5487 19.6546 11.9159 15.4991 19.7989 24.9587 31.1504 38.5805 47.4966 11 12 13 14 15 11.6825 12.0412 12.4121 12.7956 12.8093 13.2368 13.6803 14.1404 13.9474 14.4504 14.9739 15.5190 15.0969 15.6821 16.2934 16.9319 16.2579 16.9324 17.6393 18.3802 13.1920 13.6020 14.0258 14.4640 14.9171 14.6178 15.1130 15.6268 16.1599 16.7130 16.0863 16.6770 17.291917.932118.5986 17.5989 18.2957 19.0236 19.7841 20.5786 19.1569 19.9710 20.8245 21.7193 22.6575 15.3856 17.2868 19.2926 21.4087 23.6411 15.869916.8885 17.8821 19.1406 20.0151 21.5505 22.2760 24.1290 24.6725 26.8881 17.9771 20.4953 23.2149 26.1521 29.3243 19.140720.3843 21.9534 23.5227 25.0192 26.9750 28.3609 30.7725 32.0034 34.9497 21.7132 25.2116 29.0949 33.4054 38.1899 23.1331 27.0291 31.3926 36.2797 41.7533 58.1959 71.0351 86.4421 16 17.4304 18.2014 19.0121 19.8647 20.7616 21.7050 22.6975 17 18.6147 19.4894 20.4123 21.3863 22.4144 23.4997 24.6454 18 19.8109 20.7967 21.8406 22.9460 24.1169 25.3572 26.6712 19 21.0190 22.1237 23.2974 24.5447 25.8704 27.2797 28.7781 20 22.2392 23.4705 24.7833 26.1833 27.6765 29.2695 30.9692 23.7417 25.8551 28.0636 30.3714 32.7831 24.8404 27.1324 29.5390 32.0660 34.7193 25.9964 28.4812 31.1027 33.8683 36.7861 27.2129 29.9057 32.7600 35.7856 38.9927 29.8402 32.9990 36.3790 39.9955 43.8652 32.7502 35.9737 36.4502 40.3013 40.4463 45.0185 44.7620 50.1601 49.422955.7645 39.5447 43.5008 44.5992 49.3959 50.1591 55.9395 56.275063.2028 63.0025 71.2651 47.8837 54.7497 62.4397 71.0524 80.6987 104.9306 127.1167 153.7400 185.6880 224.0256 21 23.4716 24.8376 26.2990 27.8629 29.5368 31.328933.2480 35.3034 37.5052 25 28.5256 30.5140 32.670935.0117 37.5530 40.3131 43.3117 46.5706 50.1135 30 35.1327 38.1018 41.3794 45.0003 49.0027 53.4295 58.3283 63.7524 69.7608 40 49.3752 55.0819 61.6100 69.0876 77.6633 87.5095 98.8265 111.8467 126.8398 39.8643 53.9660 76.4194 144.1189 42.3923 48.0057 54.4568 58.1564 67.6765 78.9544 83.8017 101.0730 122.3459 164.0477 213.6096 279.7810 61.8733 70.4027 80.2143 91.5026 270.0307 92.3240 108.1818 126.9988 149.3339 566.3773 148.5752 180.9434 220.9132 270.2926 1418.2579 368.2919 486.8518 645.8269859.1424 8812.6294