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Question 1 (25 marks) Letterman is currently 35 years old and would like to retire at age 60 (i.e. 25 years later). He wants to

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Question 1 (25 marks) Letterman is currently 35 years old and would like to retire at age 60 (i.e. 25 years later). He wants to have enough saving when reaching 60 to support his post retirement life for 22 years (assuming the average life expectancy of males in HK to be 82 years). He would like to seek for your assistance in formulating his retirement plan. Required: 1. Based on the budget constructed, Letterman estimated that he would spend $350,000 every year during his post retirement life. Assuming he could earn a 8% return per annum during his post retirement period, calculate how much retirement saving Carlson needs to have when he reaches 60 years old. (5 marks) 2. At the moment Letterman has a saving of $700,000. Assuming he could earn a 5% return per annum for the next 25 years: (a) Would Letterman have enough retirement saving at age 60? (3 marks) (b) If not, how much is the shortfall amount? (3 marks) 3. Letterman would like to make use of his current saving of 700,000 plus contributing a fixed amount of annual saving over the next 25 years to achieve the retirement saving as calculated in Part (1) above. Calculate the annual saving Letterman needs to contribute during the next 25 years, assuming both the initial saving of $700,000 and the annuity could eam a 5% return per annum (8 marks) 4. Independent of Parts 1-3 above, suppose Letterman revises his plan and wishes to have $850,000 in savings and investment when he retires at age 60. Assuming that he can earn an average of 10% on his portfolio, what is the maximum annual withdrawal he can make over a 22-year period of retirement? (6 marks) For future value and present value factors (including a lump sum or an annuity), please use Appendices A - D and round the factors to three decimal places, for example, future value factor (i = 10%, n= 8) = 2.144. For dollar amount computations, you can either keep the original decimal places or round it to the nearest whole dollar. 616 Append APPENDIX A Table of Future Value Factors Instructions To use this table in the future value factor that corresponds to both a given time perioder and an interest rate. For example, if you want the future value factor for years and 10%, move across from year and down from 10% to the point at which the row and column intersect:1.772 Otherllustrations Tor 3 years and 15% the proper future value factor is.52 for 30 years and 89 T003 SE NE NE ME ONCE 010 OS DE TE DOCE LOCE EPPE LIFE L HET LIL f 23 O SO WINE PE CHE 2 SPIL LOTE CATE e ISTE CINE PES tite 11 CHEL CEE 13 6. ZEIT POT FT ES SEE COC OG PL CISE DE 1 PLE CULT OCI INTEREST RATE Period 3 7 10 1 UN 10 1 TOD w 1 Tone 101 20 1.000 LOG L100 10 > 1.13 1 1170 1 1. 1010 110 300 10 100 134 LT 11 1354 13 3 34 1. 1001 16 1000 175 1.131 1.25 14 LE 1.000 TO 1049 1170 1.21 120 100 1411 TE 14 3 1.164 1.00 100 2014 2.1 . 1 1.430 1400 15 1.011 1.100 2.1 DED 171 2.300 16 3205 1.72 2456 3.700 102 20 1.230 2016 131 1.54 1.500 11 2.00 2711 2050 2.000 2000 3.001 1122 21 3.33 3:50 275 1.30 1.30 1:47 15 1,718 18 2104 2,305 200 2058 2.553 3069 3219 2011 1.004 1.115 1306 4.500 5.00 143 2.173 3:30 250 23 3604 2353 3.5IB 20 4.45 47 10 1.100 1219 13 $100 7.45 1.004 1.430 1.791 2.100 2.36 2.594 2.000 2100 3:59 2.0 4.046 441 47 . 2.192 127 1.110 1354 1.595 1.750 L 3.105 2560 2.853 2162 2470 3M 4220 4.06 0.117 3634 13 1.650 1.25 180 1792 1 17 2012 2250 25 2013 3.15 343 2004 4 5.350 5994 7.256 8.064 LED 1.130 12 20:30 18 2.100 2:40 2.720 3000 3.0 4.300 4 54 $150 tud 7.000 56 . 10.00 1.1 2928 1.732 1.900 2261 2:20 2007 1.797 1.215 7070 DO 16 11430 12.00 22.737 2017 16 1161 13 100 2.072390 2.750 2.542 2177 4700 254 7.134 8.137 3.200 1000 UN 13.50 15.401 16 34 ST 1373 1.605 373 2.183 2.540 2.952 3.435 3.500 3.500 31 7007 BO 9.358 10.7 12300 119 112 TAS 35529 17 1.134 1.400 16 TB 2290 2.1 2.700 5054 EBBE 7. 9.276701 12,468 14425 18.572 22.186 600 15.04 2.190 1.333 1.902 2.020 2.401 2.354 3.30 3.30 4712 5.850 6.500 7.00 3.104 1057512315 14.453 10.05 TRAT 23.01 263 95511 113495 19 145 1200 1.754 2.107 2.527 2006 4310 6118 7.300 18 10.12.094 316.777 197423214 27 31.540 145.792 20 120 14 100 2.11 3201 2020 4661 3.604 L727 100 11.03 13.766 15.472.106 2703 24 38.30 10730 190.00 21 1232 Sie 2279 3.400 141 5.2004 4.100 7.400 3.948 10.804 13.021 16.0 18.002 3574 27.04 39.34 46.00 10240 243 22 M 1316 2.370 3.00 4450 8.140 12.100 1414 18 21 AS 26319 45.33 55.24 135.55 21,194 1.257 572 78 2.485 2012 2,830 47 1871 7.250 3.554 110573582 16.627 20 M2 2491 303 32.006 45.000 54543 6630 10409 417.530 1220 1.00 203 3.135 4043 5002 6.341 3859 229 179 18.788 23:212 21.09530.23.207.10 65.000 2017 54201 25 1.12 1.641 2004 2.866 3:30 4290 54427 04 363 13 BS 17 DOO 21.231 26.10232 DID 1483.89 7730 95.3 264.000 70.61 20 1.200 1873 2197 3550 0.399 17.018 15.080 18.040 30.107378549414 229 2399 114.45 330872 1.300 1.700 2.221 2.62 2.739 4392 6.214 1024512673911325 27.10934000 345 109 102371 413.500 190.500 29 1.300 29 2.000 2.900 5112 6.840 8627 11.1094418.50 13.884 30 633 99,204 50.006 0.00 61.134 100.00 130411 164345 316.108 107 29 1.305 1,270 2357 2113 4.11 5418 7:11 2.317 12172 15.0 20.624 2.750 S452.575 74000 9407 1501 15109 19714 645.23 2018.38 30 1011 124 4322 5.143 7,612 1.3 1.200 17.43 2292 29-100 30,150 $0.00 65.212 0.01011106 114 802.14 2.996 35 1417 2.000 2014 3.546 5.510 7.686 10.077 14.785 20414 20102 3157 BO 72.0 100 133.178 180314 23.0127.00 0.01 500 245.190.7270 40 1.4 2.200 2.702 CROI 7.040 10.280 149N 21.725 31,400 45.250 5.001 00051 32.782 1.100 22001 P.721 30.00 750.38 1061.668 1400 772 7523.164 3.11 More: Altato e rounded to in order to rewith valued in that COVE 4.316 tes LUPT DIC DE 1 8 SES SEE 1.60 2015 098 GO TE CODE SIGL LOVE 200 COLE SCIE LRT SECCZ APPENDIX B Table of Future Value Annuity Factors Instructions: To use this table, find the future value of annuity factor that corresponds to both a given time period your and an interest rato. For example, if you want the future value of annuity factor for 6 years and 10%, move across from year and down from 10% to the point at which the row and column intersect: 7.716. Other illustrations for 3 years and 15%, the proper future value of annuity factor is 3.473, for 30 years and 6%, it is 79.058 NE We NG WIE WE 0001 0001 001 2170 2.100 3.500 ONE LOVE OSE CS OCS SIES 2 D CPP O DE CI 13. SOY 32.180 OEM SETZE SIZ2099 COL 2 BY9090 INTEREST RATE Period 25 45 3% 71 101 124 13 545 15 10 10 204 1.000 1.000 1.000 1.000 1000 1.000 1.000 1.000 1.000 1.000 1.000 1000 1.000 1.000 1.000 1000 1.000 1.000 1.000 1. DOO 2 2.010 2.00 2.000 2040 2050 2.050 2.00 1.000 1.000 2.100 2.119 2.120 2.10 2.140 2150 2.100 2200 2.300 2.300 3 3.000 3.000 3.00 3.1223153 2104 1215 3.943.27 3.10 3.32 3.374 3400 3.573 200G 2500 20 4 LOGO 4112 11 42 4310 44,400 450 4.573 464 4710 4770 4521 5141 5251 5.766 6.167 5 61 5301 5309 1.416 5.600.637 1.75 3.607 95 105 2013 LEN CRIO 6.741 8 BTT 7014 7.154 7-397 742 8.307 0.043 15 LOLITO 215.721822 2013 8:115 2.500 754 2372 200 60 9.500 11200 12.50 7 1217.484 70 71430 8.654 321 5.200 9.407 na 100 10-495 10.730 11.07 1414 11.772 12.143 12.633 12.316 15.01 12.50 3.286 8.583 2214 0.540.07 10.200 0.5 11.028 11.08 12.300 12757 13.722 1440 14.733 15.127 18.45 13.343 2335 3 BE795 10.108 109 1107 1140 11.08 12:48 13.025 3.579 14.164 1470 1543 14.00 16.756 17519 IS 18 102 20790 25.800 2015 10 10.462 10.50 11.454 12.000 12.578 13.181 13.10 14.457 16.193 15.07 16722 17.549 13.420 19.301 2034 21331 32 33 23.621 24.700 420 11 11567 12.00 12.00 13.40 14.307 14.072 45.754 16.645 17.5000 561 20.056 2124 23045 24 25.133 27.700 20755 30.604 22.150 42.50 12 123 1412 1419 15.08.17 1. 20.10. 2134 22 213 26.659 27271 20.002 05032024 3403 3935 74.322 3.0 14.000 15.5 16.627 17.713 12 20.141 2145 22:53 24.823 26212 21.09 20.03.2009 34352 30 30 43.21945.14 46.433 10 1447 15941706 15.292.50 21015 2755024215 25.013 273.75 30.05 3300 37.861 50.318 5441 38943 127.31 1S 16.00 172000 20.024 25579 2127 26.123 27.152 20.3031772 00 37.300 45417 0.542 47600 51.6096110 22.005 109 107180 10 17.250 15.30.152 21.325 23687 25.673 27030334 33.00 350 150 9.750 4687280.00 65TIT 0.825656 72.33 73 462 1109 218.412 17 180 20.012 25.762 23.000 250013 30.000 3.7903597445 44501 48.0 53.799 60118 65 073 11.070 71 37.00 105.001 173630 25.01 18 I 21 412 23 1 4 5 65 118 k l 1 ra 3P 459 4 40 41 40 39 58 257 CHA L P4 75.838 14,141 33400 100.74 115.17 210.04 271.53 18 20.011 22:41 2112 27.671 30.533 33.760 37.379 41.446 8.018 1.5 58.393 440 79.79 78300 13212 9 100 123.41 10.17 154.740 27. 4831 20 22.010 220726.20 20.770 23.06 30786 40 105.79 51.160 57.22 300 72.003 0.947 1.925 1924 19:00 130.000 14.000 168.418. 30.105 21 23.30 2.780 2081 357129.990 6.365 0423 56.76 64.002 72.255 1.00 32.470104.708 118 810 134841 153130 174001 102.847 225.07 429.01 190-215 27 34472 27.290 30537 3424 383 49.00 65.433 2573 21403 31.914 82.500 105.401 120,436 137 602 167415 10:17 306 30 2438 271.001 101 t6020 23 26.728.845 324538 41 430 5.00 59.000 6.9309 592 79.540 148 104.00 120.306193-29 158.278 12001 21101 44.487 292.300 26.733 G. 1388.4 24 2097230.42 0.116 1177 66.765 7790437 102114114155 136 831 58.00 10.10 213.99 200 20:04 3370100434 43.003 TODOS 20:30 22.000 28.459 41.646 47.727 54.885 149 13.106 843018347 114413 139.334 156.00 181.871 2120 240.714 292.105 342.603 400002471321 1.054.71 23.30 20 22.526 13 30 113 6.156.76 7.34 134 100.102 127899354.334 176.49 203.300 945.713 280.00 342.70305272 473 567.377 31.4 3.064 44 22 30.821 05.3440.710 47004 54.600 62.706 74484 07351102.723 21.100 143071634 200.145 278.499 989.56 39.502 02.002 79.221 51.522 1853 1.0563 371.370 12.129 37.057 1 40.963.28 0.05.200112.00 134310 159817 1.69 222.950 272.000 27.104 3.60471378968,487 881112 12.06.26.154311 23 1450 38.7 45.29 52.00 62.313 73.64022307103.006114.35 10.0 17.307 21.580 25 RB 312.04 377.870 50.00 583512 68.407 111.300.00 1460 30 34.756 40.568 47.875 0.00 66.44461113.28030.30 14.44 109.001 241.300 200199 306.700 434,745 530312 47.409 0542 46.71211012227114 8.729.99 35 1.43.394 60462 7362 0.220.130.237172.317216.11771.024 341580 431.663 546.681 090.522 1.1701,1207131,428.8 1.376.682.314216245341.781 12.02.08 40 18.000 6.402.015.006 130.000164.762190535807307.2000 501828787.091.012.7041.342.095 1.778.000 2.30 7573,1345224 163.2135579.809 730,5 30,008.058 130.300.383 No. As factors onded to the V1000 nro agree with a tednih test 000 SH DIE BE 904 2 0.137 APPENDIX C Table of Present Value Factors Instructions: To use this table, find the present value factor that corresponds to both a given time period (vear and an interest rate. For example, if you want the present value factor for 25 years and 2%, move across from your 25 and down from 7% to the point at which the row and column Intersect.184. Other illustrations for 3 years and 15%, the proper present value factor is 658, for 30 years and 8%.itis.099 INTEREST RATE Perlend 2 49 25 9% 105 TI 12% 13% 50 135 12 30% 11 25% 30% 1 0.00 0.00 09 0.002 D. 030 0.90 6.820 17 0.000000100 Q.10 0.87700200002 0.005 08 08468330100700 2 0.00 0961 0.30 0.005 0.007 0.873 0042 0.125 0.812 0.193 0.70 0.700 710014 0.71 0.706004 0.600.500 3 2.631 0000150.000 0 0.00 Ono 0.794 0.772 0.75 2.731 0.712 DES 0.675 000 0.541 0.64 0.60 0.80 0.870 09120453 4 0.61 0.00 0.00 0.055 0.72 2.703 0735 0704 0.250 000 0.000 0.613 0.32 0.872 0582 0.534 0.516 6.4040204100350 5 0.051 0.19 0.003 0.822 2.764 0.247 0.70 0.61 0.650 D.21 0.000 0.157 0543 0510 0.49) 0.46 0.450 0.437 0.412 0.402 03 02 0 0.042 0.001 0.710 0.745 0.705 0.668 000 0.500 0.564 0.335 0.007 0.480 0458 042 0410 0.300 030 0.3520.335 0.202 0303 7 0.003 007 0.313 0.700 0.711 0.65 0.623 0.500 0.547 0.13 0.462 0.467 0435 0.40003110314 0:30 0314 0.29 0.219 02100 150 8 0:00 BUMS 0.750 0.731 0.677 0.827 0.582 0340 0.13 04670434 0.404 0.376 0.351 0327 0.305 D.2 0.266 0.24 0.233 188 0.123 0.014 0.897 028 0.709 05 0.592 0.5440.500 0.400 0.434 0.391 0.361 0.73 0.306 0.264 0.265 0.345 0.299 0.134 0.134 0.094 10 GU 0.820 0.744 0.07 0.014 D. 0.4 0.432 316 0362 0.322 0.215 0.270 0242 0227 0.200 0191 0.176.162 0 1070023 11 0.850 0.804 0.722 0.650 0905 0.527 0.0 0.420 0.303 0317 0.267 0.21 0.237 0216 0.195 2.18 010 0.14 0.135 0.000 0.066 12 GB 0.750 0.701 0825 02557 0.497 0.444 0297 0356 0313 0.200 0.25 0.31 0.200 0.167 0.168 0.124 0.112 DOO 000 13 0.23 0.41 0.00 D30 DALS 0.41 0.368 0.326 0230 0.250 0.22 0.204 0.182 0.153 0.145 130 0.116 0.104 0.003 0.066 0.000 14 0.330 0.758 O.ES 0.57) 0.506 0.42 36 03.60 0.299 0.263 0 0.206 181 0.160 0.141 0.125 0111 DODO 0.00 009 D.D.co 15 QAT 0.55 0.481 0417 0.33 0.315 0275 0.23 0.200 0.183 0.180 0.1400123 0.100 2.00 0.054 0.074 006 0.005 0.000 16 0.0 0.45 0.31 0.33 0.2 0.2 0.218 0.18 0.163 0.141 0.123 0107 DOO 0001 D1071 0062 0054 D.CO D.IS 17 G 0.714 0.06 0513 0.371 0.317 0.270 0.23 0.739 0170 0.160.125 0.108 0.00 0.000 Q0 0.000 0.052 0.045 0.3 0.012 0.30 0.700 D587 0.4 0.416 0.200.250 0.212 0.100.153 0.100.111 00060081 DES 0053 LA1 ODLE 0.008 0.0180.000 0.8.26 0.66 0.50 0495 03 0.277 0.232 0.1 0.14 0.150 0.116 0.00 0.083 0.020 D.DO 0.051 DS 0.007 0.001 0.014 0.007 20 0.000 0.873 0.554 0.450 0.377 0312 0.250 0.216 0.17 0.14 0.124 0.14 0.007 0.003 2.08 DOS! 0 DUBOT 0:00 0.626 0012 0.005 21 0.01 0.660 0.69 0.400 0.350 0.294 0.242.1700.164 0.13% 0,112 0.000 0.007 0.044 2.053 0.0 0.07 Dubot 0.02 0.002 0.000 0.004 0.00 0.00 0.2 0.222 0.342 0.278 0.226.184 2.550 0.13 0.101 0.03 DOER 0.056 0048 DOO 0.032 Deds 0.022 0.018 0.000.000 23 0.286 0.834 0.07 0.406 0326 0.262 0.21 0.70 0.138 0.11 0.01 0.024 000 0.045 000 0.030 0022 0.002 0.02 0.015DC00.000 24 0.622 0.432 0.30 0.310 0.247 0.1970 158 0.100.102 0.002 0.008 0.053 00 0.005 000 0.023 0.019 0.015 0.00 0.006 0.002 0100 0.6100421 0295 0.14 0.14 0.110 0.002 0.034 0.060 DAT 0.038 0030 0.004 0.020 0.018 0.013 0010 0.00 0.001 24 0.722 Q.598 0.454 0.362 0.281 0220 0.172 0.135 0.108 0064 0.0080053 0.042 0.00 0.026 0.021 0014 0.005 0.003 0.001 27 0.254 0.50 0.450 (34) 0.268 0.207 0 101 0.125 0.0000076 0.000 0.047 0.037 0.000 0.003 0.018 0.014 0.011 0.000 D.COM 0.002 0.001 26 0.787 0.574 0.437 0330 0.255 0.195 0.150 0.116 0.00 0.00 0.054 0.042 0.033 0.006 0.020 0.018 0.012 0.00 0 000 0.008 0.002 0.001 29 0.740 0.56 0.4240321 0.243 0.185 0.341 0.107 0082 0.063 004 0097 0029 0.022 0.017 0.014 0.011 DOC 0.006 0.005 0.002 30 0.742 0.562 0412 0300 0231 0174 0.131 0.000 0.075 0.057 0.044 0.033 0.000 0020 2015 0.012 0.009 0.007 0.005 0.004 0.001 35 0.706 0.500 0.356 0.253 0.181 G.130 0.094 0.068 0.04 0.0000280019 0.014 0.010 0.008 0.006 2003 0.002 0.002 49 0,572 0.45 0.37 0.200 0.142 0097 0.067 0.0450.002 0.022 0.0160.11 0.000 0.005 0.0040.000 0.002 0.001 0.001 0.001 *Present volue actor is ze to three decimal places No Alators are rounded to the nearest V1000 in order to agree wives used in the next 0.100 0.350 0.017 0011 0.004 . NE MOL W 290 w CHE 000 BONE I Ditt BES BOLE OCHE CODE ERE E 2.000 . CAPS NOS E 350 3336 S. BCS CHE 25 CORTE . 7135 7020 8.400 UNES org SIS DOC OSB us CCCP 4.122 352 ICE GOVE SOCO FICU BO S OLE APPENDIX D Table of Prosent Value Annuity Factors Instructions: To use this table, find the present value of annuity factor that corresponds to both a given time period year) and an interest rate. For exam ple, if you want the present value of annuity factor for 30 years and 7%, move across from year 30 and down from 7% to the point at which the row and column intersect: 12.409. Other illustrations for 3 years and 15%, the proper present value of annuity factor is 2.283: for 30 years and B%, it is 11258 INTEREST RATE Period 11 25 25 es TIN 121 139 149 15519 17% 30% 25 1 DO 0.371 952 0.930 0324 0917 9.00 0.01 08535 0.83 0.070 0.00 0.855 07 OMO 33 0.000000 2 1.570 143 1.313 1.250 1933 1.800 1.700 1.39 1.736 1.713 1.630 10 1.800 15 1. 1541 15380 > 2.941 2884 2.829 2.775 2723 2.673 2.024 2.577 2.501 24 2.444 2,400 201 232 23 2243110 2.174 2.140 2.104 105 4 3.002 1546 3.405 3383 32403170 3.102 2,934 2.914 2.368 2.750 2.800 2.639 2.500 230 2166 4713 4580 440 4.329 4.312 4.100 3.900 3.000 3.800 3.6053517 3.433 3.312 1.214 3.1 3.127 2018 2:01 2. 5.795 5.801 520 4917 767 4523 4.480 4356 4.231 3.00 3 3.14 3400 2410 2981 2.643 7 120 5 8.730 5.200 5.000 45644423 4.00 4160 2000 2892 3812 3106 3.605 111 7. 6.733 5.710 5.971 3535 5.305 5.140 45 4.633 4487 & JOT 4.000 3954 310 33297895 9 1.566 7.706 1.405 7.100 8.515 3.995 5.750 5837 53 510 19 4.772 4.607 4451 4163 4031 3.4693019 10 341 111 7.722 1,360 7.00 6710 6.418 8.145 6.650 6.426 5210 50104833 165 404 3.002 11 10 2760 306 7.87 2.13 3.805 6.455 6.207 5.538 9.687 5.453 5.234.028 4358 46 LAM 4.327 3.556 21 12 11.250 10.575 8.954 0.06 7.00 7.30 7.461 8.402 6.194 5.660 5.01 5.197 4611 -4430 3.725 3.100 13 12134 1134 10.05 1.560 2.314 8.853 8.350 7.504 747 7.100 6.750 86 0.122 5.843 53 5342 5.111 40104715 45 14 13.004 12.100 0.000 8.244 7.788 7.387 6.628 6302 6.000 5724 $4585220 5.00 4.802 4615 3824 3.49 15 1. 1111 10350 9712 100 7606 7.195 5.811 40 614 5.847 575 5374 5.000 6378 3850 3268 M 1471 11.578 12.500 1162 TOM 10.108 9.47 8.851 B313 7824 7:37 6.376.004 6.265 SM SER 5.405 3.16940 3283 37 15 14250 12.15 13.166 11.14 164 122 18.022 7.543 7.120 6.723 6313 6.047 5.749 522 4900 4775 2010 2.286 163 1993 13.754 12659 11.50 10026 100 9.312 3.756 8205 7.102 8800 8.467 6.128 5818 5273 5.000 4812 3.10 3304 1.226 15678 1434 12.124 12.005 11 10.30 8.950 8.355 7800 7.368 8.00 5550 5.877 5384 530 5.070 3.942 3311 20 12.04 12351 14 13.500 7462 11.470 . 2018 0.129 2514 2.13 7.480 7025 8.673 6.250 5925 5.628 535 5101 4370334 3316 21 BEST 17011 15.415 1403 12.825 1154 10.000 10.017 9.292 B.840 8.075 7.562 7.192 6.682 6312 5.99 5.665 5.384 127 22 10.000 17656 153 14:451 13.163 12.042 11.001 10201 9.441 B.72 7.645 2.170 6.350 6.011 500 5.410 5.140 4500 3.390 332 23 20.456 18.11 16.444 14052 13.00 12.300 11.272 9.580 B.880 B.266 7.718 7.230 6.792 6.399 6.044 5723 5.432 5.167 2370 24 21.243 18 DS4 18.938 55.10 13.799 17.550 11.488 10.50 9.707 3.905 B-348 7.784 7.283 5.035 6.4346.073 5.746 5.451 182 4.303 3001 3:27 25 22.023 19.523 11413 15.02 14.04 12.780 11.854 3.823 9.072 8.422 7.843 7330 6.823 6.464 6.087 5.766 5.467 5.195 40 2985 3.329 26 22795 20131 17.877 15 1437 13.000 11025 10810 9.929 9.101 8.430 7.BG 7.372 6.906 6.491 6.118 5.783 5.480 5.200 4.556 3.0 3.300 27 23.560 20.707 18.322 16.00 14.843 13.211 1187 10.05 10.0223.232 8.568 7.543 7,409 6.335 6.514 8.136 5.790 5452 5215 4.964 3.960 3331 2015 21.21 18 264 16.663 13.406 12.137 11.051 10.110 307 B.B02 7.584 2.441 6.961 6.534 6.152 5502 5223 49703992 29 25.066 21 79.150 16.99 15.141 13.501 12.278 11100 10.100 2.320 800 0.002 7420 6.900 6.561 6.168 5.900 5510 5.229 4995 3.994 3:32 30 773 19.000 17292 1532 132512409 8.055 7A 7.000 6.586 &1775829 5.517 3.235 4929 3.9953392 35 28.400 21.487 18.666 15314 54450 12.94 11865 10562 0.844 BASS 5176 7.586 7.070 5215 5.858 5.599 5.251 4.982 3.000 3.300 32.895 22.356 23.115 18.00 17.159 1506 13:32 11925 10.757 9.773 3.951 8.244 7634 7.105 0.842 6.239 58 5.548 5.258 4.990 3.333 Now All factor rounded to the nearest 1/1000 in tore with valuessed in the text WELL SEE SRES 290 TE GERE 0988 199 SC E OCE CBBC CHE 5.475 5.834 et 7150 DE Post 6.100 CH ORC WELT CN9 10371 SECC 10.675 BE OLES LOSE ROSSE PLEOL WELL LPG ORE 2199 3.00 OP

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