Present Value of a Single Sum

What is the present value on January 1, 2016, of $40,000 to be received on January 1, 2019, and discounted 8% compounded annually?

(Click here to access the time value of money tables to use with this problem.)--attached

Round your answer to two decimal places.

M-44 Time Value of Money Module 1 Future Value of 1: fn,i 5 (1 i ) n n 1 2 3 4 5 6 1.5% 1.015000 1.030225 1.045678 1.061364 1.077284 1.093443 4.0% 1.040000 1.081600 1.124864 1.169859 1.216653 1.265319 4.5% 1.045000 1.092025 1.141166 1.192519 1.246182 1.302260 5.0% 1.050000 1.102500 1.157625 1.215506 1.276282 1.340096 5.5% 1.055000 1.113025 1.174241 1.238825 1.306960 1.378843 6.0% 1.060000 1.123600 1.191016 1.262477 1.338226 1.418519 7.0% 1.070000 1.144900 1.225043 1.310796 1.402552 1.500730 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1.109845 1.126493 1.143390 1.160541 1.177949 1.195618 1.213552 1.231756 1.250232 1.268986 1.288020 1.307341 1.326951 1.346855 1.367058 1.387564 1.408377 1.429503 1.450945 1.472710 1.494800 1.517222 1.539981 1.563080 1.315932 1.368569 1.423312 1.480244 1.539454 1.601032 1.665074 1.731676 1.800944 1.872981 1.947900 2.025817 2.106849 2.191123 2.278768 2.369919 2.464716 2.563304 2.665836 2.772470 2.883369 2.998703 3.118651 3.243398 1.360862 1.422101 1.486095 1.552969 1.622853 1.695881 1.772196 1.851945 1.935282 2.022370 2.113377 2.208479 2.307860 2.411714 2.520241 2.633652 2.752166 2.876014 3.005434 3.140679 3.282013 3.429700 3.584036 3.745318 1.407100 1.477455 1.551328 1.628895 1.710339 1.795856 1.885649 1.979932 2.078928 2.182875 2.292021 2.406619 2.526950 2.653298 2.785963 2.925261 3.071524 3.225100 3.386355 3.555673 3.733456 3.920159 4.116136 4.321942 1.454679 1.534687 1.619094 1.708144 1.802092 1.901207 2.005774 2.116091 2.232476 2.355263 2.484802 2.621466 2.765647 2.917757 3.078234 3.247537 3.426152 3.614590 3.813392 4.023129 4.244401 4.477843 4.724124 4.983951 1.503630 1.593848 1.689479 1.790848 1.898299 2.012196 2.132928 2.260904 2.396558 2.540352 2.692773 2.854339 3.025600 3.207135 3.399564 3.603537 3.819750 4.048935 4.291871 4.549383 4.822346 5.111687 5.418388 5.743491 1.605781 1.718186 1.838459 1.967151 2.104852 2.252192 2.409845 2.578534 2.759032 2.952164 3.158815 3.379932 3.616528 3.869684 4.140562 4.430402 4.740530 5.072367 5.427433 5.807353 6.213868 6.648838 7.114257 7.612255 (continued) Compound Interest Tables Table 1 (concluded) n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 8.0% 1.080000 1.166400 1.259712 1.360489 1.469328 1.586874 1.713824 1.850930 1.999005 2.158925 2.331639 2.518170 2.719624 2.937194 3.172169 3.425943 3.700018 3.996019 4.315701 4.660957 5.033834 9.0% 1.090000 1.188100 1.295029 1.411582 1.538624 1.677100 1.828039 1.992563 2.171893 2.367364 2.580426 2.812665 3.065805 3.341727 3.642482 3.970306 4.327633 4.717120 5.141661 5.604411 6.108808 10.0% 1.100000 1.210000 1.331000 1.464100 1.610510 1.771561 1.948717 2.143589 2.357948 2.593742 2.853117 3.138428 3.452271 3.797498 4.177248 4.594973 5.054470 5.559917 6.115909 6.727500 7.400250 12.0% 1.120000 1.254400 1.404928 1.573519 1.762342 1.973823 2.210681 2.475963 2.773079 3.105848 3.478550 3.895976 4.363493 4.887112 5.473566 6.130394 6.866041 7.689966 8.612762 9.646293 10.803848 14.0% 1.140000 1.299600 1.481544 1.688960 1.925415 2.194973 2.502269 2.852586 3.251949 3.707221 4.226232 4.817905 5.492411 6.261349 7.137938 8.137249 9.276464 10.575169 12.055693 13.743490 15.667578 16.0% 1.160000 1.345600 1.560896 1.810639 2.100342 2.436396 2.826220 3.278415 3.802961 4.411435 5.117265 5.936027 6.885791 7.987518 9.265521 10.748004 12.467685 14.462514 16.776517 19.460759 22.574481 18.0% 1.180000 1.392400 1.643032 1.938778 2.287758 2.699554 3.185474 3.758859 4.435454 5.233836 6.175926 7.287593 8.599359 10.147244 11.973748 14.129023 16.672247 19.673251 23.214436 27.393035 32.323781 22 5.436540 23 5.871464 24 6.341181 25 6.848475 26 7.396353 27 7.988061 28 8.627106 29 9.317275 30 10.062657 6.658600 7.257874 7.911083 8.623081 9.399158 10.245082 11.167140 12.172182 13.267678 8.140275 8.954302 9.849733 10.834706 11.918177 13.109994 14.420994 15.863093 17.449402 12.100310 13.552347 15.178629 17.000064 19.040072 21.324881 23.883866 26.749930 29.959922 17.861039 20.361585 23.212207 26.461916 30.166584 34.389906 39.204493 44.693122 50.950159 26.186398 38.142061 30.376222 45.007632 35.236417 53.109006 40.874244 62.668627 47.414123 73.948980 55.000382 87.259797 63.800444102.966560 74.008515121.500541 85.849877143.370638 M-45 M-46 Time Value of Money Module 2 n Future Value of an Ordinary Annuity of 1: FO ,n,i 5 (1 i ) 2 1 i n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 1.5% 1.000000 2.015000 3.045225 4.090903 5.152267 6.229551 7.322994 8.432839 9.559332 10.702722 11.863262 13.041211 14.236830 15.450382 16.682138 17.932370 19.201655 20.489376 21.796716 23.123667 24.470522 4.0% 1.000000 2.040000 3.121600 4.246464 5.416323 6.632975 7.898294 9.214226 10.582795 12.006107 13.486351 15.025805 16.626838 18.291911 20.023588 21.824531 23.697512 25.645413 27.671229 29.778079 31.969202 4.5% 1.000000 2.045000 3.137025 4.278191 5.470710 6.716892 8.019152 9.380014 10.802114 12.288209 13.841179 15.464032 17.159913 18.932109 20.784054 22.719337 24.741707 26.855084 29.063562 31.371423 33.783137 5.0% 1.000000 2.050000 3.152500 4.310125 5.525631 6.801913 8.142011 9.549109 11.026564 12.577893 14.206787 15.917127 17.712983 19.598632 21.578564 23.657492 25.840366 28.132385 30.539004 33.065954 35.719252 5.5% 1.000000 2.055000 3.168025 4.342266 5.581091 6.888051 8.266894 9.721573 11.256260 12.875354 14.583498 16.385591 18.286798 20.292572 22.408663 24.641140 26.996403 29.481205 32.102671 34.868318 37.786076 6.0% 1.000000 2.060000 3.183600 4.374616 5.637093 6.975319 8.393838 9.897468 11.491316 13.180795 14.971643 16.869941 18.882138 21.015066 23.275970 25.672528 28.212880 30.905653 33.759992 36.785591 39.992727 7.0% 1.000000 2.070000 3.214900 4.439943 5.750739 7.153291 8.654021 10.259803 11.977989 13.816448 15.783599 17.888451 20.140643 22.550488 25.129022 27.888054 30.840217 33.999033 37.378965 40.995492 44.865177 22 23 24 25 26 27 28 29 30 25.837580 27.225144 28.633521 30.063024 31.513969 32.986678 34.481479 35.998701 37.538681 34.247970 36.617889 39.082604 41.645908 44.311745 47.084214 49.967583 52.966286 56.084938 36.303378 38.937030 41.689196 44.565210 47.570645 50.711324 53.993333 57.423033 61.007070 38.505214 41.430475 44.501999 47.727099 51.113454 54.669126 58.402583 62.322712 66.438848 40.864310 44.111847 47.537998 51.152588 54.965981 58.989109 63.233510 67.711354 72.435478 43.392290 46.995828 50.815577 54.864512 59.156383 63.705766 68.528112 73.639798 79.058186 49.005739 53.436141 58.176671 63.249038 68.676470 74.483823 80.697691 87.346529 94.460786 (continued) M-47 Compound Interest Tables Table 2 (concluded) n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 8.0% 1.000000 2.080000 3.246400 4.506112 5.866601 7.335929 8.922803 10.636628 12.487558 14.486562 16.645487 18.977126 21.495297 24.214920 27.152114 9.0% 1.000000 2.090000 3.278100 4.573129 5.984711 7.523335 9.200735 11.028474 13.021036 15.192930 17.560293 20.140720 22.953385 26.019189 29.360916 10.0% 1.000000 2.100000 3.310000 4.641000 6.105100 7.715610 9.487171 11.435888 13.579477 15.937425 18.531167 21.384284 24.522712 27.974983 31.772482 12.0% 1.000000 2.120000 3.374400 4.779328 6.352847 8.115189 10.089012 12.299693 14.775656 17.548735 20.654583 24.133133 28.029109 32.392602 37.279715 14.0% 1.000000 2.140000 3.439600 4.921144 6.610104 8.535519 10.730491 13.232760 16.085347 19.337295 23.044516 27.270749 32.088654 37.581065 43.842414 16.0% 1.000000 2.160000 3.505600 5.066496 6.877135 8.977477 11.413873 14.240093 17.518508 21.321469 25.732904 30.850169 36.786196 43.671987 51.659505 18.0% 1.000000 2.180000 3.572400 5.215432 7.154210 9.441968 12.141522 15.326996 19.085855 23.521309 28.755144 34.931070 42.218663 50.818022 60.965266 16 17 18 19 20 21 22 23 24 25 26 27 30.324283 33.003399 35.949730 42.753280 33.750226 36.973705 40.544703 48.883674 37.450244 41.301338 45.599173 55.749715 41.446263 46.018458 51.159090 63.439681 45.761964 51.160120 57.274999 72.052442 50.422921 56.764530 64.002499 81.698736 55.456755 62.873338 71.402749 92.502584 60.893296 69.531939 79.543024 104.602894 66.764759 76.789813 88.497327 118.155241 73.105940 84.700896 98.347059 133.333870 79.954415 93.323977 109.181765 150.333934 87.350768 102.723135 121.099942 169.374007 50.980352 59.117601 68.394066 78.969235 91.024928 104.768418 120.435996 138.297035 158.658620 181.870827 208.332743 238.499327 60.925026 71.673030 84.140715 98.603230 115.379747 134.840506 157.414987 183.601385 213.977607 249.214024 290.088267 337.502390 72.939014 87.068036 103.740283 123.413534 146.627970 174.021005 206.344785 244.486847 289.494479 342.603486 405.272113 479.221093 28 95.338830 112.968217 134.209936 190.698887 272.889233 392.502773 566.480890 29 103.965936 124.135356 148.630930 214.582754 312.093725 456.303216 669.447450 30 113.283211 136.307539 164.494023 241.332684 356.786847 530.311731 790.947991 M-48 Time Value of Money Module 3 Present Value of 1: pn,i 5 1 n (1 i ) n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 1.5% 0.985222 0.970662 0.956317 0.942184 0.928260 0.914542 0.901027 0.887711 0.874592 0.861667 0.848933 0.836387 0.824027 0.811849 0.799852 0.788031 0.776385 0.764912 0.753607 0.742470 0.731498 4.0% 0.961538 0.924556 0.888996 0.854804 0.821927 0.790315 0.759918 0.730690 0.702587 0.675564 0.649581 0.624597 0.600574 0.577475 0.555265 0.533908 0.513373 0.493628 0.474642 0.456387 0.438834 4.5% 0.956938 0.915730 0.876297 0.838561 0.802451 0.767896 0.734828 0.703185 0.672904 0.643928 0.616199 0.589664 0.564272 0.539973 0.516720 0.494469 0.473176 0.452800 0.433302 0.414643 0.396787 5.0% 0.952381 0.907029 0.863838 0.822702 0.783526 0.746215 0.710681 0.676839 0.644609 0.613913 0.584679 0.556837 0.530321 0.505068 0.481017 0.458112 0.436297 0.415521 0.395734 0.376889 0.358942 5.5% 0.947867 0.898452 0.851614 0.807217 0.765134 0.725246 0.687437 0.651599 0.617629 0.585431 0.554911 0.525982 0.498561 0.472569 0.447933 0.424581 0.402447 0.381466 0.361579 0.342729 0.324862 6.0% 0.943396 0.889996 0.839619 0.792094 0.747258 0.704961 0.665057 0.627412 0.591898 0.558395 0.526788 0.496969 0.468839 0.442301 0.417265 0.393646 0.371364 0.350344 0.330513 0.311805 0.294155 7.0% 0.934579 0.873439 0.816298 0.762895 0.712986 0.666342 0.622750 0.582012 0.543934 0.508349 0.475093 0.444012 0.414964 0.387817 0.362446 0.338735 0.316574 0.295864 0.276508 0.258419 0.241513 22 23 24 25 26 27 28 29 30 0.720688 0.710037 0.699544 0.689206 0.679021 0.668986 0.659099 0.649359 0.639762 0.421955 0.405726 0.390121 0.375117 0.360689 0.346817 0.333477 0.320651 0.308319 0.379701 0.363350 0.347703 0.332731 0.318402 0.304691 0.291571 0.279015 0.267000 0.341850 0.325571 0.310068 0.295303 0.281241 0.267848 0.255094 0.242946 0.231377 0.307926 0.291873 0.276657 0.262234 0.248563 0.235605 0.223322 0.211679 0.200944 0.277505 0.261797 0.246979 0.232999 0.219810 0.207368 0.195630 0.184557 0.174110 0.225713 0.210947 0.197147 0.184249 0.172195 0.160930 0.150402 0.140563 0.131367 (continued) Compound Interest Tables Table 3 (concluded) n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 8.0% 0.925926 0.857339 0.793832 0.735030 0.680583 0.630170 0.583490 0.540269 0.500249 0.463193 0.428883 0.397114 0.367698 0.340461 0.315242 9.0% 0.917431 0.841680 0.772183 0.708425 0.649931 0.596267 0.547034 0.501866 0.460428 0.422411 0.387533 0.355535 0.326179 0.299246 0.274538 10.0% 0.909091 0.826446 0.751315 0.683013 0.620921 0.564474 0.513158 0.466507 0.424098 0.385543 0.350494 0.318631 0.289664 0.263331 0.239392 12.0% 0.892857 0.797194 0.711780 0.635518 0.567427 0.506631 0.452349 0.403883 0.360610 0.321973 0.287476 0.256675 0.229174 0.204620 0.182696 14.0% 0.877193 0.769468 0.674972 0.592080 0.519369 0.455587 0.399637 0.350559 0.307508 0.269744 0.236617 0.207559 0.182069 0.159710 0.140096 16.0% 0.862069 0.743163 0.640658 0.552291 0.476113 0.410442 0.353830 0.305025 0.262953 0.226684 0.195417 0.168463 0.145227 0.125195 0.107927 18.0% 0.847458 0.718184 0.608631 0.515789 0.437109 0.370432 0.313925 0.266038 0.225456 0.191064 0.161919 0.137220 0.116288 0.098549 0.083516 16 17 18 19 20 21 22 23 24 25 26 27 0.291890 0.270269 0.250249 0.231712 0.214548 0.198656 0.183941 0.170315 0.157699 0.146018 0.135202 0.125187 0.251870 0.231073 0.211994 0.194490 0.178431 0.163698 0.150182 0.137781 0.126405 0.115968 0.106393 0.097608 0.217629 0.197845 0.179859 0.163508 0.148644 0.135131 0.122846 0.111678 0.101526 0.092296 0.083905 0.076278 0.163122 0.145644 0.130040 0.116107 0.103667 0.092560 0.082643 0.073788 0.065882 0.058823 0.052521 0.046894 0.122892 0.107800 0.094561 0.082948 0.072762 0.063826 0.055988 0.049112 0.043081 0.037790 0.033149 0.029078 0.093041 0.080207 0.069144 0.059607 0.051385 0.044298 0.038188 0.032920 0.028380 0.024465 0.021091 0.018182 0.070776 0.059980 0.050830 0.043077 0.036506 0.030937 0.026218 0.022218 0.018829 0.015957 0.013523 0.011460 28 29 30 0.115914 0.089548 0.069343 0.041869 0.025507 0.015674 0.009712 0.107328 0.082155 0.063039 0.037383 0.022375 0.013512 0.008230 0.099377 0.075371 0.057309 0.033378 0.019627 0.011648 0.006975 M-49 M-50 Time Value of Money Module 4 12 Present Value of an Ordinary Annuity of 1: pO ,n,i 5 1 n (1 i ) i n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 1.5% 0.985222 1.955883 2.912200 3.854385 4.782645 5.697187 6.598214 7.485925 8.360517 9.222185 10.071118 10.907505 11.731532 12.543382 13.343233 14.131264 14.907649 15.672561 16.426168 17.168639 17.900137 4.0% 0.961538 1.886095 2.775091 3.629895 4.451822 5.242137 6.002055 6.732745 7.435332 8.110896 8.760477 9.385074 9.985648 10.563123 11.118387 11.652296 12.165669 12.659297 13.133939 13.590326 14.029160 4.5% 0.956938 1.872668 2.748964 3.587526 4.389977 5.157872 5.892701 6.595886 7.268790 7.912718 8.528917 9.118581 9.682852 10.222825 10.739546 11.234015 11.707191 12.159992 12.593294 13.007936 13.404724 5.0% 0.952381 1.859410 2.723248 3.545951 4.329477 5.075692 5.786373 6.463213 7.107822 7.721735 8.306414 8.863252 9.393573 9.898641 10.379658 10.837770 11.274066 11.689587 12.085321 12.462210 12.821153 5.5% 0.947867 1.846320 2.697933 3.505150 4.270284 4.995530 5.682967 6.334566 6.952195 7.537626 8.092536 8.618518 9.117079 9.589648 10.037581 10.462162 10.864609 11.246074 11.607654 11.950382 12.275244 6.0% 0.943396 1.833393 2.673012 3.465106 4.212364 4.917324 5.582381 6.209794 6.801692 7.360087 7.886875 8.383844 8.852683 9.294984 9.712249 10.105895 10.477260 10.827603 11.158116 11.469921 11.764077 7.0% 0.934579 1.808018 2.624316 3.387211 4.100197 4.766540 5.389289 5.971299 6.515232 7.023582 7.498674 7.942686 8.357651 8.745468 9.107914 9.446649 9.763223 10.059087 10.335595 10.594014 10.835527 22 23 24 25 26 27 28 29 30 18.620824 19.330861 20.030405 20.719611 21.398632 22.067617 22.726717 23.376076 24.015838 14.451115 14.856842 15.246963 15.622080 15.982769 16.329586 16.663063 16.983715 17.292033 13.784425 14.147775 14.495478 14.828209 15.146611 15.451303 15.742874 16.021889 16.288889 13.163003 13.488574 13.798642 14.093945 14.375185 14.643034 14.898127 15.141074 15.372451 12.583170 12.875042 13.151699 13.413933 13.662495 13.898100 14.121422 14.333101 14.533745 12.041582 12.303379 12.550358 12.783356 13.003166 13.210534 13.406164 13.590721 13.764831 11.061240 11.272187 11.469334 11.653583 11.825779 11.986709 12.137111 12.277674 12.409041 (continued) Compound Interest Tables Table 4 (concluded) n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 8.0% 0.925926 1.783265 2.577097 3.312127 3.992710 4.622880 5.206370 5.746639 6.246888 6.710081 7.138964 7.536078 7.903776 8.244237 8.559479 9.0% 0.917431 1.759111 2.531295 3.239720 3.889651 4.485919 5.032953 5.534819 5.995247 6.417658 6.805191 7.160725 7.486904 7.786150 8.060688 10.0% 0.909091 1.735537 2.486852 3.169865 3.790787 4.355261 4.868419 5.334926 5.759024 6.144567 6.495061 6.813692 7.103356 7.366687 7.606080 12.0% 0.892857 1.690051 2.401831 3.037349 3.604776 4.111407 4.563757 4.967640 5.328250 5.650223 5.937699 6.194374 6.423548 6.628168 6.810864 14.0% 0.877193 1.646661 2.321632 2.913712 3.433081 3.888668 4.288305 4.638864 4.946372 5.216116 5.452733 5.660292 5.842362 6.002072 6.142168 16.0% 0.862069 1.605232 2.245890 2.798181 3.274294 3.684736 4.038565 4.343591 4.606544 4.833227 5.028644 5.197107 5.342334 5.467529 5.575456 18.0% 0.847458 1.565642 2.174273 2.690062 3.127171 3.497603 3.811528 4.077566 4.303022 4.494086 4.656005 4.793225 4.909513 5.008062 5.091578 16 17 18 19 20 21 22 23 24 25 26 27 8.851369 9.121638 9.371887 9.603599 9.818147 10.016803 10.201044 10.371059 10.528758 10.674776 10.809978 10.935165 8.312558 8.543631 8.755625 8.950115 9.128546 9.292244 9.442425 9.580207 9.706612 9.822580 9.928972 10.026580 7.823709 8.021553 8.201712 8.364920 8.513564 8.648694 8.771540 8.883218 8.984744 9.077040 9.160945 9.237223 6.973986 7.119630 7.249670 7.365777 7.469444 7.562006 7.644646 7.718434 7.784316 7.843139 7.895660 7.942554 6.265060 6.372859 6.467420 6.550369 6.623131 6.686957 6.742944 6.792056 6.835137 6.872927 6.906077 6.935155 5.668497 5.748704 5.817848 5.877455 5.928841 5.973139 6.011326 6.044247 6.072627 6.097092 6.118183 6.136364 5.162354 5.222334 5.273164 5.316241 5.352746 5.383683 5.409901 5.432120 5.450949 5.466906 5.480429 5.491889 28 11.051078 10.116128 9.306567 7.984423 6.960662 6.152038 5.501601 29 11.158406 10.198283 9.369606 8.021806 6.983037 6.165550 5.509831 30 11.257783 10.273654 9.426914 8.055184 7.002664 6.177198 5.516806 M-51 M-52 Time Value of Money Module 5 12 Present Value of Annuity Due: pD ,n,i 5 1 (1 i ) i n21 1 n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 1.5% 1.000000 1.985222 2.955883 3.912200 4.854385 5.782645 6.697187 7.598214 8.485925 9.360517 10.222185 11.071118 11.907505 12.731532 13.543382 14.343233 15.131264 15.907649 16.672561 17.426168 18.168639 4.0% 1.000000 1.961538 2.886095 3.775091 4.629895 5.451822 6.242137 7.002055 7.732745 8.435332 9.110896 9.760477 10.385074 10.985648 11.563123 12.118387 12.652296 13.165669 13.659297 14.133939 14.590326 4.5% 1.000000 1.956938 2.872668 3.748964 4.587526 5.389977 6.157872 6.892701 7.595886 8.268790 8.912718 9.528917 10.118581 10.682852 11.222825 11.739546 12.234015 12.707191 13.159992 13.593294 14.007936 5.0% 1.000000 1.952381 2.859410 3.723248 4.545951 5.329477 6.075692 6.786373 7.463213 8.107822 8.721735 9.306414 9.863252 10.393573 10.898641 11.379658 11.837770 12.274066 12.689587 13.085321 13.462210 5.5% 1.000000 1.947867 2.846320 3.697933 4.505150 5.270284 5.995530 6.682967 7.334566 7.952195 8.537626 9.092536 9.618518 10.117079 10.589648 11.037581 11.462162 11.864609 12.246074 12.607654 12.950382 6.0% 1.000000 1.943396 2.833393 3.673012 4.465106 5.212364 5.917324 6.582381 7.209794 7.801692 8.360087 8.886875 9.383844 9.852683 10.294984 10.712249 11.105895 11.477260 11.827603 12.158116 12.469921 7.0% 1.000000 1.934579 2.808018 3.624316 4.387211 5.100197 5.766540 6.389289 6.971299 7.515232 8.023582 8.498674 8.942686 9.357651 9.745468 10.107914 10.446649 10.763223 11.059087 11.335595 11.594014 22 23 24 25 26 27 28 29 30 18.900137 19.620824 20.330861 21.030405 21.719611 22.398632 23.067617 23.726717 24.376076 15.029160 15.451115 15.856842 16.246963 16.622080 16.982769 17.329586 17.663063 17.983715 14.404724 14.784425 15.147775 15.495478 15.828209 16.146611 16.451303 16.742874 17.021889 13.821153 14.163003 14.488574 14.798642 15.093945 15.375185 15.643034 15.898127 16.141074 13.275244 13.583170 13.875042 14.151699 14.413933 14.662495 14.898100 15.121422 15.333101 12.764077 13.041582 13.303379 13.550358 13.783356 14.003166 14.210534 14.406164 14.590721 11.835527 12.061240 12.272187 12.469334 12.653583 12.825779 12.986709 13.137111 13.277674 (continued) Compound Interest Tables Table 5 (concluded) n 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 8.0% 1.000000 1.925926 2.783265 3.577097 4.312127 4.992710 5.622880 6.206370 6.746639 7.246888 7.710081 8.138964 8.536078 8.903776 9.244237 9.0% 1.000000 1.917431 2.759111 3.531295 4.239720 4.889651 5.485919 6.032953 6.534819 6.995247 7.417658 7.805191 8.160725 8.486904 8.786150 10.0% 1.000000 1.909091 2.735537 3.486852 4.169865 4.790787 5.355261 5.868419 6.334926 6.759024 7.144567 7.495061 7.813692 8.103356 8.366687 12.0% 1.000000 1.892857 2.690051 3.401831 4.037349 4.604776 5.111407 5.563757 5.967640 6.328250 6.650223 6.937699 7.194374 7.423548 7.628168 14.0% 1.000000 1.877193 2.646661 3.321632 3.913712 4.433081 4.888668 5.288305 5.638864 5.946372 6.216116 6.452733 6.660292 6.842362 7.002072 16.0% 1.000000 1.862069 2.605232 3.245890 3.798181 4.274294 4.684736 5.038565 5.343591 5.606544 5.833227 6.028644 6.197107 6.342334 6.467529 18.0% 1.000000 1.847458 2.565642 3.174273 3.690062 4.127171 4.497603 4.811528 5.077566 5.303022 5.494086 5.656005 5.793225 5.909513 6.008062 16 17 18 19 20 21 22 23 24 25 26 27 9.559479 9.851369 10.121638 10.371887 10.603599 10.818147 11.016803 11.201044 11.371059 11.528758 11.674776 11.809978 9.060688 9.312558 9.543631 9.755625 9.950115 10.128546 10.292244 10.442425 10.580207 10.706612 10.822580 10.928972 8.606080 8.823709 9.021553 9.201712 9.364920 9.513564 9.648694 9.771540 9.883218 9.984744 10.077040 10.160945 7.810864 7.973986 8.119630 8.249670 8.365777 8.469444 8.562006 8.644646 8.718434 8.784316 8.843139 8.895660 7.142168 7.265060 7.372859 7.467420 7.550369 7.623131 7.686957 7.742944 7.792056 7.835137 7.872927 7.906077 6.575456 6.668497 6.748704 6.817848 6.877455 6.928841 6.973139 7.011326 7.044247 7.072627 7.097092 7.118183 6.091578 6.162354 6.222334 6.273164 6.316241 6.352746 6.383683 6.409901 6.432120 6.450949 6.466906 6.480429 28 11.935165 11.026580 10.237223 8.942554 7.935155 7.136364 6.491889 29 12.051078 11.116128 10.306567 8.984423 7.960662 7.152038 6.501601 30 12.158406 11.198283 10.369606 9.021806 7.983037 7.165550 6.509831 M-53