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TABLE 1 Future value interest factor of $1 per period at i% for n periods, FVF(in) Period 2 1.020 1.040 1.061 1.082 103 1124 1.145 1.166 1.188 4 1.041 1.082 1.126 1.170 1.216 1.262 1311 1360 1.412 51.051 1.104 1.159 1217 1.276 1.338 1.403 1.469 1539 1.062 1126 1.194 1.265 1.340 | 1419 1501 1587 1677 8 1.083 1.172 1267 1.369 1.477 1.594 1.718 1.851 1.993 2144 2.305 2.476 2.658 2.853 10 1.105 1.219 1.344 1.480 16291.791 1.967 2.159 2.367 111.116 1243 1,384 1.539 1.710 1.898 2.105 2332 2580 2853 12 1.127 1268 1.426 1.601 1796 2.012 2252 2.518 2.813 3.1383.49 3.896 4.335 4.818 13 1.138 1294 1.469 1.665 1.886 2.133 2410 2720 3.066 3.452 3.883 4.3634.898 5.4 14 1.149 1.319 1.513 1.732 1.980 2.261 2579 2.937 3.342 151.161 1.346 1.558 1.801 2.0792.397 2.759 3.172 3.642 16 1.173 1.373 1.605 1.873 2.183 2.540 2952 3.426 3.970 11.184 1.400 1.653 1.948 2.292 12.693 3.159 3.700 4.328 5.054 5.895 6.866 7.986 9.276 18 1196 1428 1.702 2.026 2.407 | 2.854 3380 3996 4717 5560 6.544 7.690 9.024 10.575 19 1.208 1.457 1.754 2.107.527 3.026 3.617 4.316 5.142 6.1167.263 8.613 10.197 12.056 20 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 6.727 8.062 9.646 1.523 13.743 1.282 1.641 2.094 2.666 3.386 | 4.292 5427 6.848 8.623 10835 13.585 17.000 21.231 26.462 301 1.348 1.811 2.427 3.243 4.322 | 5.743 7.612 10.063 13.268 17.449 22.892 29.960 39.116 50.950 35 1.417 2.000 2.814 3.946 5.516 7.686 10.677 14.785 20.414 28.102 38.575 52.800 72.069 98.100 133.176 180.314 243.503 327.997440.701 590.668 40 1.489 2.208 3.262 4.801 7.040 10.286 14.974 21.725 31.409 45.259 65.001 93.051 132.782 188.884 267.864 378.721 533.869 750.378 1,051.668 1,469.772 50 1.645 2.692 4.384 7.10711.467 18.420 29.457 46.902 74.358 117.391 184.565 289.002 450.736 700.233 1,083.657 1,670.704 2,566 215 3,927.357 5,988.914 9,100.438 85.850111.065 143.371 184.675 237.376 TABLE 2 Present value interest factor of $1 per period at 1% for n periods, PVF(in) Period 9% 10%) 11% 12% 13% 14% 15%) 16% 17% 18% 19% 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 2 0.980 0.961 0.943 0.925 0.9070.890 0.873 0857 0.842 0826 0.812 0.797 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0.694 3 0.971 0942 0.915 0.889 0.8640.840 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.961 0.924 0.888 0855 0.8230.792 0.763 0.735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0.534 0.516 0.499 0.482 50.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0.419 0.402 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.410 0.390 0.370 0.352 0.335 70.933 0.871 0.813 0.760 0.7110.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0.296 0.279 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 0.233 90.914 0.837 0.766 0.703 0.645 0.592 0544 0.500 0.460 0424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0.208 0.191 0.176 0.162 110.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.3500.317 0.287 0.261 0.237 0.215 0.195 0.178 0.162 0.148 0.135 12 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0.112 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 14 0.870 0.758 0.661 0.577 0.5050.442 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.088 0.078 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0.183 0.160 0.140 0.123 0.108 0.095 0.084 0.074 0.065 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.188 0.163 0.141 0.123 0.107 0.093 0.081 0.071 0.062 0.054 7 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0.1980.170 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.153 0.130 0.111 0.095 0.081 0.069 0.059 0.051 0.044 0.038 19 0.828 0.686 0.570 0.475 0.396 0.330.277 0.232 0.194 0.164 0.138 0.116 0.098 0.083 0.070 0.060 0.051 0.043 0.037 0.031 0 0.820 0.673 0.554 0.456 0.3770.312 0.258 0.215 0.178 0.149 0.124 0.104 0.087 0.073 0.061 0.051 0.043 0.037 0.031 0.026 25 0.780 0.610 0.478 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 30 0.742 0.552 0,412 0,308 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.033 0.026 0.020 0.015 0.012 0.009 0.007 0.005 0.004 35 0.706 0.500 0.355 0.253 0.181 0.130 0.094 0.068 0.049 0.0360.026 0.019 0.014 0.010 0.008 0.006 0.004 0.003 0.002 0.002 401 0.672 0.453 0.307 0.208 0.142 0.097 0.067 0.046 0.032 0.022 | 0.015 0.011 0.008 0.005 0.004 | 0.003 0.002 0.001 0.001 0.001 50 0.608 0.372 0.228 0.14 0.087 0.054 0.034 0.021 0.013 0.009 0.005 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 TABLE 3 Future value interest factor of an ordinary annuity of $1 per period at i% for n periods. FVIFA(in) 1% 11% 1t)% 11% 12% 13% 14% 15% 161% 17% 111% 15% 1.000 1.000 1.000 .000 .000 1.000 1.000 1.000 1.000 1.0001.000 1.000 .000 1.000 1.0001.000 .000 1.000 1.000 .000 2 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2110 2.120 2.130 2.140 2.150 2.160 2.170 2.180 2.190 2.200 313.030 3.000 3.091 3.122 3.153 3.184 3.215 3.248 3.278 3.310 3.342 3.374 3.407 3.440 3.473 3.508 3.539 3.572 3.600 3.840 4 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4.506 4.573 4.641 4.710 4850 4.921 4.993 5.086 5.141 5.215 5.29 5.368 5 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.1056.228 .353 6.480 6.610 6.742 .877 7.014 7.154 7.297 7.442 6 6.152 6.308 0488 0.633 6.802 | 6.975 7.153 7.336 7.523 7.718 7.913 8.115 8.323 8.536 8.754 8.077 9.207 g.442 g633 9.930 7.214 7.434 7.882 7.898 8.142 8.394 8.654 8.923 9.200 g.487 9.783 10.089 10.405 10.730 11.087 11.414 11.772 12.142 12.523 12.918 88.286 8.583 8.892 9.214 9.549 9.897 10.280 10.637 11.028 11.436 11.859 12.300 757 13.233 13.727 14.240 14.773 15.327 15.902 16.499 g 9.369 9.755 10.159 10.583 11.027 11.491 11.978 12.488 13.021 13.579 14.184 14.778 15.418 10.085 18.788 17.519 18.285 19.086 19.923 20.799 10 10.462 10.950 11.464 12.006 12.578 113.181 13.818 14.487 15.193 15.937 18.722 17.549 18.420 19.337 20.304 21.321 22.393 23.521 24.709 25.959 1111.567 12.169 12.808 13.486 14.207 14.972 15.784 16.645 17.580 18.53119.561 20.855 21.814 23.045 24.349 25.733 27.200 28.755 30.404 32.150 12 12.683 13.412 14.192 15.026 15.917 16.870 17.888 18.977 20.141 21.384 22.713 24.133 25.650 27.271 29.002 30.850 32.824 34.931 37.180 39.581 13 13.809 14.880 15.618 16.627 17.713 18.882 20.141 21.495 22.953 24.523 28.212 28.029 29.985 32.089 34.352 36.788 39.404 42.219 45.244 48.497 1 14.947 15.974 17.086 18.292 19.599|21.015 22.550 24.215 20.019 27.975 30.095 32.393 34.883 37.581 40.505 43.672 47.103 50.818 54.841 59.198 15 16.097 17.293 18.599 20.024 21.579 23.276 25.129 27.152 29.361 31.772 34.405 37.280 40.417 43.842 47.580 51.660 56.110 60.965 66.261 72.035 16 17.258 18.639 20.157 21.825 23.657 25.673 27.888 30.324 33.003 35.950 39.190 42.753 46.672 50.980 55.717 60.925 66.849 72.939 79.850 87.442 17 18.430 20.012 21.762 23.698 25.840 28.213 30.840 33.750 36.974 40.545 44.50148.884 53.739 59.118 65.075 71.673 78.979 87.068 96.022 105.93 18 19.615 21.412 23.414 25.645 28.132 30.906 33.999 37.450 41.301 45.599 50.396 55.750 61.725 68.394 75.83 84.141 93.406 103.74 115.27 128.12 1 20.811 22.841 25.117 27.671 30.539|33.780 37.379 41.448 46.018 51.159 56.939 63.440 70.749 78.989 88.212|98.603 110.28 123.41 138.17 154.74 20 22.019 24.297 26.870 29.778 33.066 36.786 40.995 45.762 51.160 57.275 64.203 72.052 80.947 91.025 102.44 115.38 130.03 146.63 165.42 186.69 1 30 34.785 40.568 47.575 56.085 88.439 79.058 94.461 113.28 136.31 184.49 199.02 241.33 293.20 356.79 434.75 530.31 647.44 790.95 966.71 1,181.9 35 41.660 49.994 60.462 73.852 90.320 111.43 138.24 172.32 215.71 271.02 341.59 431.6 546.68 693.57 881.17 1,120.7 1,426.5 1,816.7 2,314.2 2,948.3 40 48.886 60.402 75.401 95.028 120.80 154.76 199.64 259.06 337.88 442.5958183 767.09 1,013.7 1,342.0 1,779.1 2,360.8 3,134.5 4,163.2 5,529.8 7,343.9 50 64.463 84.579 112.80 152.67 209.35 290.34 406.53 573.77 815.08 1,163.9 1,868.8 2.400.0 3,459.5 4,994.5 7,217.7 10,436 15,090 21,813 31,515 45,497 1 TABLE 4 Present value interest factor of an (ordinary) annuity of $1 per period at 1% for n periods. PVFA(in Period 7% 896 10961 11% 12% 13% 14% 15% 18% 17% 18% 19% 10.990 0.980 0.971 0.962 0.9520.943 0.935 0.928 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.882 0.855 0.847 0.840 0.833 547.528 2 1.970 942 1.913 1.88 18591.833 1.808 1.783 1.75 1.736 1.713 1.690 1.668 1.647 1.626 1.605 1.585 1.566 1.547 1.528 3 2.941 2.884 2.829 2.775 2.7232.673 2.624 2.577 2.531 2.487 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 4 3.902 3.808 3.717 3.630 3.5463.465 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 5.795 5.601 5.417 5.242 5.076| 4.917 4.787 4.623 4.486 4.355| 4.231 4.111 3.998 3.889 3.784| 3.635 3.589 3.498 3.410 3.328 8 7.652 7.325 7.020 6.733 6.4636.210 5.971 5.747 5.535 5.335 5.146 4.98 4.799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 8.588 8.162 7.786 7.435 7.108| 6.802 6.515 6.247 5.995 5.759|5.537 5.328 5.132 4.948 4.772 4.607 4.451 4.303 4.163 4.031 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 .710 6.418 6.145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4.339 4.192 1110.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 8.495 6.207 5.938 5.687 5.453 5.234 5.02 4.836 4.656 4.486 4.327 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4.988 4.793 4.611 4.439 13 12.134 11.348 10.635 9.98 9.394 8.853 8.358 7.904 7.487 7.103 6.750 6.424 6.122 5.842 5.583 5.342 5.118 4.910 4.715 4.533 14 13.004 12.106 11.29 10.563 9.89 9.295 8.745 8.244 7.786 7.367 6.982 6.628 6.302 6.002 5.7245.488 5.229 5.008 4.802 4.611 15 13.865 12.84 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 7.191 6.811 6.462 6.142 5.847 5.575 5.324 5.092 4.876 4.675 16 14.718 13.578 12.561 11.652 10.838 10.108 9.447 8.851 8.313 7.824 7.379 6.974 6.604 6.265 5.954 5.668 5.405 5.162 4.938 4.730 15.582 14.292 13.188 12.186 11.274 10.477 e.783 9.122 .544 8.022 7.549 7.120 6.729 8.373 6.047 5.749 5.475 5.222 4-990 4.775 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 7.250 6.840 6.467 6.128 5.818 5.534 5.273 5.033 4.812 19 17.226 15.678 14.324 13.134 12.08511.158 10.336 9.604 8.950 8.365 7.839 7.366 6.938 6.550 6.198 5.877 5.584 5.316 5.070 4.843 20 18.046 16.351 14.877 13.590 12.46211.470 10.594 9.818 9.129 8.514 7.963 7.469 7.025 6.623 6.2595.929 5.628 5.353 5.101 4.870 25 22.023 19.523 17.413 15.622 14.094 12.783 11.854 10.675 9.823 9.077 8.422 7.843 7.330 6.873 8.464 6.097 5.766 5.467 5.195 4.948 30 25.808 22.396 19.600 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7.496 7.003 6.56 6.177 5.829 5.517 5.235 4.979 35 29.409 24.999 21.487 18.665 16.374 14.498 12.948 11.655 10.567 9.644 8.855 8.176 7.586 7.070 6.617 6.215 5.858 5.539 5.251 4.992 40 32.835 27.355 23.115 19.793 7.15915.046 13.332 11.925 10.757 9.7798.951 8.244 7.634 7.105 6.642 6.233 5.871 5.548 5.258 4.997 50 39.196 31.424 25.730 21.482 18.25615.762 13.801 12.233 10.962 9.9159.042 8.304 7.675 7.133 6.661 6.246 5.880 5.554 5.262 4.998 1 Big E Co.buys a heavy duty forklift for its warehouse operations. This equipment costs $80,000 The dealer offers Big E the opportunity to pay off the financing loan in 5 annual payments or 60 monthly payments, at Big E's option. The interest rate is 12%. which option is better? Annual payment if paid in 5 installments: Monthly payment if paid in 60 installments Annual total of 12 monthly payments: Extra amount by paying annually (A - B)