Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones. Physicians' Leasing purchased a lithotripter from Rand for $2,120,000 and leased it to Mid-South Urologists Group, Inc., on January 1, 2021. (EV 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.) Lease Description: Quarterly lease payments Lease term No residual value; no purchase option Economic life of lithotripter Implicit interest rate and lessee's incremental borrowing rate Fair value of asset $127,110-beginning of each period 5 years (20 quarters) 5 years 8% $2,120,000 Required: 1. How should this lease be classified by Mid-South Urologists Group and by Physicians' Leasing? 2. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2021. Adjusting entries are recorded at the end of each fiscal year (December 31). 3. Assume Mid-South Urologists Group leased the lithotripter directly from the manufacturer, Rand Medical, which produced the machine at a cost of $1.8 million. Prepare appropriate entries for Rand Medical from the beginning of the lease through the second lease payment on April 1, 2021. Required 1 Required 2 Lessee Required 2 Lessor Required 3 Check a Prepare appropriate entries for Mid-South Urologists Group from the beginning of the lease through the second rental paym 1, 2021. Adjusting entries are recorded at the end of each fiscal year (December 31). (If no entry is required for a transact select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in the millions of doll your answers to nearest whole dollars.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 January 01, 2021 Right-of-use asset 2 Lease payable January 01, 2021 Lease payable Cash 3 April 01, 2021 Lease payable Interest expense Required 1 Required 2 Lessee Required 2 Lessor Required 3 Check my work Prepare appropriate entries for Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 202 Adjusting entries are recorded at the end of each fiscal year (December 31). (If no entry is required for a transaction/event, select "N journal entry required" in the first account field. Enter your answers in whole dollars and not in the millions of dollars. Round your answers to nearest whole dollars.) View transaction list View journal entry worksheet No 1 7 2 Date January 01, 2021 Lease receivable Equipment January 01, 2021 Cash General Journal Debit Credit Lease receivable 3 April 01, 2021 Cash Interest revenue Lease receivable Show less Journal entry worksheet < Record lease. 2 3 Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 2 3 Record cash received. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 Record cash received. Note: Enter debits before credits. Date April 01, 2021 General Journal Debit Credit View general journal Record entry Clear entry > TABLE 6 Present Value of an Annuity Due of $1 PVAD- (+) (1+1) 10% 1.5% 2.0% 2.5% 3.0% 3.3% 4.096 1 100000 1.00000 2 1.00000 199010 1.98522 198039 197561 197087 1.00000 1.00000 1.00000 4 4.3% 5.0% 6.0% 7.0% 3.0% 9.0% 1.00000 100000 1.00000 100000 1.00000 1.00000 1.00000 196618 1.96154 195694 1.95238 194787 194340 193458 1.92393 1.91743 3 297040 2.95588 294156 292742 291347 2.89969 2.88009 287267 285941 234632 283339 280802 1.78336 2.75911 3.94099 3.91220 3.88388 385602 382861 3.80164 3.77509 3.7487 3.72325 109793 1.67301 3.63432 357710 351129 490197 485438 480773 476197 4.71710 467308 462990 458753 4.54595 4.50515 4.46511 438721 431213 4.21972 5.5% 1.00000 10.0% 11.0% 12.0% 20.0% 100000 100000 100000 100000 190909 190090 189286 11333 273554 271252 209005 252778 348685 344371 3401) 3.10648 410957 410245 403735 3.58873 6585343 5.78264 5.71346 5.64583 5.57971 5.51505 545182 538995 5.32945 5.27028 5.21236 510020 499271 4.58965 7 679548 669719 6.60143 650813 641719 632855 6.24214 615787 607569 7.72819 759821 7.47199 7.34939 723028 7.11454 7.00205 689270 6.78637 9865168 48593 32548 17014 01969 787396 7.73274 759589 7.46321 10 9.56602 936052 9.16224 97067 876611 60769 843533 526879 10782 599553 591732 576654 562288 548592 6.68297 638238 6.38929 620617 601295 7.33457 1.20979 6.97130 674664 6.33482 7.95220 780109 731523 724489 699523 4.79079 4.49590 4.6047 1.99061 535526 523054 511141 4.32551 5.86842 571220 5.56376 460459 633493 14612 5.90704 4337161 73902 633705 632825 503097 11 1047130 10.12218 12 11.36763 11.07112 998259 9.75206 9.53020 931641 10 78665 10.51421 1025362 1000135 9.76048 952892 13 12:25508 11.90751 11.57534 11 25776 1095400 10.66333 10.38507 10.11858 14 13.33374 12.73153 1234837 11.95318 11.63496 11.30274 10.98565 10 68285 15 14.00370 13.54338 13 10625 12 69091 12.29607 11.92052 11.56312 11.22283 9.11090 591272 72173 853763 836009 02358 7.7100 930641 9092547 14967 1389 986325 9.61832 938384 94269 833606 10.39357 1011708 9.85368 935765 8.9037 10 89564 10.58965 10.29498 974547 924424 7.41766 780519 1607) 48000 878615 7.14457 638923 665022 539247 749506 7.20613 693770 1.32706 73139 140236 2.19437 3.43922 10336 734967 742355 553268 36669 7.98187 762817 561057 9.06049 8.60608 19087 7.81054 547547 16 14.56505 1434323 13.54924 13.38138 12.93794 11.51741 1211839 11.73955 11.37966 1103758 10.71225 10.10791 17 15.71787 1513126 14.57771 14.05500 13.56110 13.09412 12.65230 12.23402 113777 1146216 11.10590 10.44665 985137 931256 82371 37916 197199 572956 18 1656225 1590765 15.29187 14.71220 14 16612 1165132 1316567 12.70719 1227407 11 36461 1147726 10.76322 10.12164 954363 902155 854879 1194) 5.77463 19 17.39827 16.67256 1599203 15.35336 14.75351 1418948 13.65930 1315999 12.68959 12.24607 1182760 11.05909 10.37109 9.75543 20 18 22601 1742017 16 67546 1597889 15.32330 14 70984 14.13394 13.59329 13.08532 1260765 12.15812 11.33560 10.60360 995011 14.00794 13.44221 1295038 12.46992 11.59401 10.81815 10.12855 15 49548 14.79064 14.35170 1355036 12.46933 11.52876 10.70661 9.20141 70162 1.2067 581219 9.36492 83929 8.36578 584150 951356 33 14044 534958 935474 934814 78412 593710 21 19.04555 18.16364 17.35143 16.58916 15.87747 15.21240 14.59033 25 2224339 21 03041 1991393 1858499 17.93554 17.05837 16 34096 30 26.06579 2437608 22.84438 21.45355 20:18845 19.03377 1798371 17.02189 16.14107 15.33310 14.39072 13.27767 12:15841 11.19628 10.38961 965011 902181 597472 40 33 16303 3036458 27 90259 2573034 21.80822 22.10250 2058448 19.22966 15 01704 1692866 15.94907 14.26433 1287838 11.72552 10.75096 995587 23303 599582 TABLE 5 Future Value of an Annuity Due of $11 FVAD- (1+1) 1.0% 1.5% 2.0% 25% 10100 10150 10200 10250 10300 2 20301 2.0452 20004 20756 20909 130604 30909 3.1216 31525 31836 44.1010 41523 42040 42563 43091 4.3625 Q 3.0% 32149 32465 3.5% 4.0% 45% 10450 10350 10400 21062 2.1216 21370 32782 44707 5.3% 7.0% 8.0% 5 5:1520 32296 53001 53877 5.4684 53502 5.0330 57109 58019 5.0% 6.0% 9.0% 10.0% 10500 10550 1.0600 10700 1.0800 1.0900 11000 11100 11200 2.1525 2.1600 2.1836 22149 2.2464 22781 23100 23421 2.3744 3.3101 13423 3.3746 3.4399 35061 35711 35410 37097 3.7793 4.3256 4.5811 46371 47507 45666 49847 5.1051 5.2278 53528 5.9753 6.1333 63359 65233 67156 69129 71153 11.0% 12.0% 20.09 120001 2.6400 43680 64416 19299 662135 1 7.2857 3685 994622 63230 6.4343 6.5474 6.6625 6.7794 689837.0192 7.4328 7.3430 7.7361 7.8923 80517 8539 8.7546 89545 9.1991 9.3485 8.2143 9:3828 8.3800 9.8021 9 7027 99497 10.2034 104639 10 7314 10 105068 108033 11.1687 114835 11.8078 12.1420 124564 110061 11.2882 12.5412 7.1420 7.2649 7.3938 7.6540 79228 8.2004 8.4872 8.7833 90590 15491 87216 1975 9.2598 9.6306 10.0285 10.4359 10.8594 112997 10 0266 10.256) 104913 10.9780 114876 12.0210 12.5795 13.1640 13.7757 115779 118754 12.1808 128164 13.4566 14.1929 14.9374 15.7220 165487 13.2068 13.5835 13.9716 147836 156455 16.5601 17.5312 18.5614 19.6546 119159 114991 19.7909 24.9587 31.1504 11 11.4825 120412 12.4121 12.7954 13.1920 13.6020 14.0258 12 12809) 132148 13.6803 14.1404 14.6178 151130 15.6268 13 13.9474 144504 14.9739 15.5190 14 0663 166770 17.2919 14 15 0909 15 6821 18.2934 169319 17.5969 18.2957 190236 15 16.2579 169324 17.6393 18.3802 19 1169 199710 20.8245 36 174304 18.2014 19.0121 19.3647 20.7616 11.7050 22.4975 17 186147 19 484 20.4123 21.3863 22.4144 234997 246454 18 19 109 207967 21.5406 22 9460 243169 25.3572 266713 19 21.0190 22.1237 23.2974 24.5447 258704 272797 28.7781 20 22.2392 234705 24.7813 26.1833 276765 29.2695 30 9093 127 1167 153.7400- 13.7417 34.5404 25.9964 27.2129 29.3402 32.7502 55.9737 39.5447 41.5008 47.3837 104.9306 25 8351 271324 284812 299057 32.9990 364502 40.3013 445992 49.3959 34.7497 280636 29.5390 31.1027 32.7000 36.3790 404463 450185 50.1591 55.9395 62.4397 35.7858 39.9955 44.7620 50 1601 56.2750 61.3028 710534 38.9927 41.8653 494229 30.3714 12.0660 33563 32.7831 347193 36.7861 35.3034 465706 37.5053 39.3643 42.3923 48.0057 544568 557645 61.0025 712051 80057 2240256 70.4027 80.2143 91.5036 270.0307 108 1818 126.9988 149.3339 566.377) 180.9434 2209132 270.2928 1418.2579 21 254716 24.8376 26.2990 27.3629 29.5368 31.3289 33.24501 25 285256 303140 32.6709 350117 37.5530 403131 433117 501135 53.9660 58.1564 67.6765 78.9544 923240 30 351327 381018 413794 450000 490027 534295 583283 63.7534 0960 764194 445.3752 55 0819 616100 090876 776633 7.5095 98265 1113467 1268195 1441189 1640477 2116096 279.7810 362919 4061518 645051424 126294 838017 101.0730 122.3459 1485752 14.4640 14.9171 153854 15.099 16 1599 167130 17.2868 17 8821 17.9321 18.5986 19.2926 20.0151 19 7841 205786 21.4087 22.2760 21.7193 226575 23.6411 34.6725 26.881 29.3243 32.0034 16.5555 17.9771 19.1407 20.3843 21.7132 23.1331 19.1406 20.4953 219534 233327 252116 270291 215505 23.214 25.0192 26.9750 29.0949 31.3926 24.1290 261521 28.3609 30 7725 314054 362797 34.5497 38.1899. 41.7533 38.5805 47.4966 58 1959 710151 B4423 Media/Connect Production/bne/accounting/spiceland_int_10e/table_4.png TABLE 4 Present Value of an Ordinary Annuity of $1 PVA- 1 P * * 1.0% 15% I 2 3 294099 4390197 0.99010 098522 197040 195588 291220 288388 285602 385438 380773 376197 5 485343 4.78264 471346 46458) 2.0% 25% 098019 0.97561 194156 192742 3.0% 3.5% 097087 0.96618 191347 119969 4.0% 5.0% 5.396 60% 4.5% 3.0% 9.0% 10.0% 11.0% 12.0% 20.0% 096154 095694 0.95218 094787 094340 093458 0.92593 091743 090909 090090 089286 033333 185609 187267 185941 184632 183339 1002 178326 175911 173554 171252 169005 132778 282861 280104 2.77509 274596 272325 269793 267301 2.62432 3.57710 2.53129 2.48685 244371 240183 210048 371710 3.67308 162990 158753 354595 3.30515 346511 338721 331213 323972 310967 3.10245 303735 2.58873 457971 451505 445182 438998 4.32945 427028 421236 410020 399271 3.88965 3.79079 169590 3.60478 299061 7.0% 6 7 9 10 5.79545 5.49719 5.60143 5.50813 5.41719 532855 5.24214 515787 5.07549 4.99553 491732 4.76654 442285 445592 435536 4.23054 411141 3.32551 672819 6.59821 647199 634939 623028 6.11454 600205 5.89270 5.78637 5.68297 3.58238 5.38929 7.65168 520637 303295 486842 471220 4.56176 160459 7.48593 732548 7.17014 7.01969 687396 6.73274 639589 646321 6.33457 620979 597130 5.74664 8.56602 836052 816224 797087 5.53482 533493 5.14612 496764 383716 7.78611 7.60769 7.43533 7.26879 7.10782 695220 6.80169 6.51523 6.24689 947130 922218 5.99525 $75902 553705 5.32825 4.03097 898259 75206 53020 831661 11090 791272 7.72173 7.53763 7.36009 7.02358 671008 641766 614457 588923 5.65022 4.19247 11 10.36763 9.25262 10.07112 9.78685 9.51421 9.00155 8.76045 8.52892 130641 5.09254 7.58487 7.49567 7.13996 12 11 25508 10 90751 10.57534 10.25776 9.95400 966333 9.38507 9.11858 886325 861852 8.38384 794269 733608 13 12.13374 11.73153 11.34837 10.98319 1063496 10.30274 9.98565 968285 885268 8.35765 7.90378 14 13.00170 12.54338 12.10625 11.69091 11.29607 1092052 10.56312 1022283 929498 8.74547 824424 15 1386505 13.34323 12.84926 12.38138 11.93794 1151741 1111839 10.73955 10.37966 10 03758 9.71225 9.10791 8.55948 9.39357 9.11708 9.89864 9.58965 16 14.71787 14.13126 13.57771 13.05500 12.56110 11.09412 11.45230 11.23402 10.53777 10.46216 10.10590 9.44665 17 1556225 14.90765 14.29187 1371220 13:16612 12.65132 12 16567 11.70719 11.27407 10 86461 10.47726 976322 18 16.39827 15.67256 14.99203 1435336 13.75351 13.18968 12.65930 12.15999 11.64959 11.24607 10.82760 10 05909 19 17.22601 16.42617 15.67546 14.97889 14.32380 13.70954 13.13394 12.59329 12.08532 11.60765 1115812 10.33560 20 1804555 17 16864 1635143 15.58916 1487747 14.21240 13.59033 1300794 12 46221 11.95038 11.46992 10.59401 6.30519 6.49506 620652 5.93770 4.32706 716073 681309 649236 619437 443922 745090 7.10536 624987 642355 453268 7.78615 736609 698187 662817 4.61057 806069 76060 719087 651086 467547 8.85137 9.12164 9.37189 9.60360 981815 8.31254 782371 737914 697399 472954 854363 02155 754879 711963 477463 8.75563 20141 770162 724967 431219 95011 36492 783929 7.36578 4.84350 9.12855 851356 7.96333 740944 436958 40 3283469 2991585 2735548 25.10278 21 1885698 17.90014 17.01121 16.18455 15.41502 14.69797 14.02916 15.40472 12.82115 1227524 11.76405 10.33553 10.01680 9.29224 564560 07507 7.54200 489132 25 22.02316 20.71961 19.52346 1842435 17.41315 1648151 15.62208 14.82821 14 09394 13.41393 12.78336 11.65358 1067478 982258 907704 842174 784314 494759 30 25.80771 2401584 22.39646 20 93029 19 00044 18.39205 17.29203 16.28889 15.37245 1453375 13.76483 12.40904 11.25778 10.27365 942091 09379 05518 497894 23.11477 21.35507 19.79277 18.40158 17.15909 1604612 15.04630 13.33171 1192401 10.75736 9.77905 895105 824178 499660 TABLE 3 Future Value of an Ordinary Annuity of $1 FVA= (1+)-1 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1 10000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 20100 20150 2.0200 2.0250 2.0300 2.0350 2.0400 2.0450 3 3.0301 3.0452 3.0604 3.0756 3.0909 3.1062 3.1216 4 406041 4.0909 4.12164.1525 4.1836 4.2149 5 51010 51523 5.2040 5.2563 5.3091 5.3625 4.2465 5.4163 3.1370 4.2782 54707 2.0500 2.0550 2.0600 2.0700 2.0800 2.0900 21000 3.1525 3.1680 3.1836 32149 3.2464 3.2781 3.3100 33421 43101 43423 4.3746 4.4399 45061 45731 4.6410 4.7097 5.3256 5.5811 5.6371 5.7507 5.8666 5.9847 6.1051 21100 2.1200 2.2000 33744 3.6400 4.7793 5.3680 6.2278 6.3528 7.4416 6 6.1520 6.2296 6.3081 63877 6.4654 6.5502 6.6330 7 7:2135 73230 7.4343 7.5474 76625 7.7794 7.8983 6.7169 6.5019 6.8881 8.0192 8.1420 8.2669 $ 9 2857 14328 85830 7361 88923 9.0517 9.3685 95593 97546 99545 10.1591 10.3685 10.5828 10 10 4622 10.7027 10.9497 11.2034 114639 11.7314 12.0061 92142 9.7216 10.8021 12.2882 6.9753 7.3533 7.3359 7.5233 7.7156 3938 5.6540 89228 9.2004 94872 9.3800 9.5491 98975 10.2598 10.6366 11.0285 114359 11.8594 11.0266 11.2563 11.4913 11.9780 7.9129 9.7833 8.1152 9.9299 10 0890 12.9159 12.2997 16.4991 124576 13.0210 13.5795 14.1640 147757 12.5779 12.87541 13.1808 13 8164 14.4866 15.1929 15.9374 16.7220 175487 20.7989 25.9587 11 11.5668 118633 12.1657 12.4835 12.8075 13.1420 13.4564 12 12.6825 130412 13 4121 137956 14 1920 14 6020 15.0258 13 13.8093 14.2368 14 6803 15.1404 15.6178 16.1130 16.6268 14 14 9474 154504 15.9739 16.5190 17 086) 17.6770 18.2919 15 16 0969 16 6821 17.2934 17.9319 18.5989 19.2957 20.0236 13.5412 14.2068 14.5835 14.9716 15.4640 17.1599 18.9321 20.7841 159171 16.3856 16 8099 17.7130 18.2868 18.8821 19 5986 202926 21.0151 21.5786 22.4087 23.2760 15.7836 16.6455 17.5603 18.5312 19.5614 20.6546 17.3885 18.9771 20.1407 21.384) 22.7132 24.1331 395805 201406 21.4953 22.9534 245227 26 2116 28.0291 43.4966 225505 24.2149 26 0192 27.9750 30.0949 32.3926 59.1959 25.1290 27.1521 29.3609 31.7725 34.4054 37.2797 72.0351 32.1504 7.4421 36.9737 40.5447 44.5008 48.8837 105.9306 16 17.2579 17.9324 15.6393 19.3802 20.1569 209710 21.3245 22.7193 23.6575 24.6411 25.6725 27.8851 30.3243 33.0034 35.9497 39.1599 42.7533 17 184304 19.2014 20 0121 20.5647 21.7616 22.7050 23.0975 24.7417 253404 26.9964 28.2129 30.8402 33.7502 18 19 6147 20.4894 21 4123 22.3863 23.4144 244997 25.6454 268551 28.1324 294812 309057 13.9990 374502 41.3013 45.5992 503959 55.7497 1281167 19 20.8109 21.7967 22.8406 239400 23.1169 26.3572 27.6712 305390 32.1027 33.7600 37.3790 41.4463 4601RS 51 1591 569395 63.4397 20 22.0190 231237 24.2974 25.5447 263704 282797 29.7781 31.3714 330600 34.5683 36.78567 409955 45.7620 51.1601 57.2750 64.3028 720534 290636 21 21.2392 24.4765 25.7833 27.3833 284745 30.2495 31.9491 35.71931 37.7861 39.9927 44.5652 50.4329 56.7645 30 34.7649 37.3387 40.5481 439027 475754 51 6227 56.0849 66 4188 724155 94 4608 113.2832 1363075 40 488864 54.2679 60 4020 67 4026 75 4013 $4.5509 950255 107 0303 120.7998 138 6056 154.7620 199.6551 259.0565 337 8824 33.7831 610071 79.0582 64.0025 164 4940 442.5926 154.7400 186 6880 72.2451 81.4957 225.0254 199 0209 581 8201 241.3327 1181.3816 7670914 73438178 TABLE 2 Present Value of $1 PV- $1 (1+1)" 10.0% 11.0% 12.0% 20.0% 096154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 091743 090909 0.90090 0.89286 0.83333 n 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 2 098030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 091573 0.90703 089845 0.89000 087344 0.85734 0.84168 0.82645 081162 0.79719 0.69444 3 097059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.56384 0.85161 083962 081630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 4 096098 0.94218 0.92385 0.90595 088849 0.87144 0.85480 083856 082270 0.80722 0.79209 0.76290 073503 0.70843 068301 065873 0.63552 0.48225 5 0.95147 0.92826 090573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 0.76513 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.40188 6 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 7 093272 0.90103 087056 0.84127 081309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 045235 0.27908 8 092348 088771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 058201 0.54027 0.50187 0.46651 0.43393 0.40388 0.23257 9 091434 0.87459 083676 080073 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 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 058543 0.55839 0.50835 0.46319 042241 0.38554 0.35218 0.32197 0.16151 11 0.89632 0.54893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28745 0.13459 12 088745 083639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.11216 13 0.87866 082403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 046884 0.41496 0.36770 0.32618 028966 0.25751 0.22917 0.09346 14 0.86996 0.81185 0.75788 0.70773 066112 061778 0.57748 0.53997 0.50507 0.47257 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.07789 15 086135 0.79985 0.74301 0.69047 0.64186 0.59689 055526 0.51672 0.48102 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 006491 16 0.85282 0.78803 0.72545 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 084438 0.77639 0.71416 0.65720 0.60502 055720 051337 0.47318 0.43630 0.40245 0.37136 0.31657 027027 0.23107 0.19754 0.16963 0.14564 0.04507 18 083602 0.76491 070016 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 068643 062553 0.57029 0.52016 0.47464 0.43330 039573 036158 0.33051 0.27651 0.23171 0.19449 0.16351 013768 0.11611 0.03130 20 081954 0.74247 0.67297 061027 0.55368 0.50257 045639 0.41464 0.37689 0.34273 0.31180 025842 0.21455 0.17843 0.14864 0.12403 010367 002608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43583 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 0.09954 0.62172 0.55288 0.4919) 0.43796 0.39012 0.34770 0.31007 0.27666 0.24698 0.19715 0.15770 0.12640 010153 0.08170 0.06588 0.01258 25 077977 068921 0.60953 0.53939 0.47761 042315 037512 033273 0.29530 0.26223 023300 018425 0.14602 0.11597 0.09230 007361 0.05882 0.01048 28 075684 065910 057437 0.50088 0.43708 0.38165 033348 0.29157 0.25509 0.22332 019563 015040 011591 0.08955 0.06934 0.05382 0.04187 0.00607 29 074934 064936 056311 048866 042435 036875 032065 027902 024295 021168 018456 0.14056 0.10733 008215 0.06304 0.04849 0.03738 0.00506 30 0.74192 0.61976 0.55207 0.47674 0.41199 0.35628 0.30832 0.26700 0.23135 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.004211 31 073458 0 63031 0.54125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 019018 0.16425 012277 0.09202 0.00915 005210 0.03935 002980 0.00351 40 067165 0.55126 045289 037243 0.30656 0.25257 0.20829 017193 0.14205 011746 0.09722 0.06678 0.04603 0.03184 002209 001538 0.01075 0.00068 TABLE 1 Future Value of $11 FV $1(1+ 2.0% 2.5% 3.0% 3.5% 4.0% 10% 1.3% 45% 5.0% 5.3% 1101000 1.01500 1.02000 102500 103000 103500 104000 104500 1.05000 1.05500 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 108160 109203 1.10250 111303 31.03030 1.04568 106121 1.07689 109273 1.10872 1.12486 114117 115763 117424 4 104060 1.06136 108243 110381 1.12551 1.14752 1.16986 119252 121551 123882 5 1.05101 1.07728 1.10408 1.13141 1.15927 118769 121665 124618 1.27628 1.30696 6.0% 7.096 1.06000 1.07000 100000 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 109000 1.10000 1.11000 1.12000 1.12360 1.14490 1.16640 1.18810 121000 1.23210 1.25440 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 140493 126248 131000 13049 141158 146410 151807 137352 1.33823 1.40255 146933 1.53862 161051 1.68506 1.76234 1.20000 144000 1.72800 2.07360 248832 1.41852 1.50073 150363 1.60578 171382 182804 158687 1.67710 1.77156 1.87041 1.97383 194872 207616 121068 185093 1.99256 2.14359 2.30454 2.47596 1.99900 2.17189 2.35795 2.55804 2.77308 2.15892236736 2.39374 283942 310585 2.98598 338318 429982 515978 19174 6 106152 1.09144 1.12616 115909 119405 122926 126532 130226 134010 1.37884 7107214 110984 114809 118809 1.22987 127228 131593 136086 140710 1-45468 108286 1.12649 117166 121840 1.26677 1.31681 136857 1.42210 147746 153469 159385 1.71819 9109309 114339 1.19509 124836 1.30477 136290 142331 148610 155133 161909 1.68948 183846 10 110462 116054 121899 1.28008 134392 141060 148024 1.55297 1.62889 1.70814 1.79085 1.96715 11111567 117795 1.24337 131209 138423 145997 151945 142285 1.71034 180209 12 112683 1.19562 126824 1.34489 142576 151107 160103 109588 1.79566 1.90121 13 113809 121355 129361 137851 14613 156396 166507 1.77220 188565 200577 14 114947 123176 13194 141297 1.51259 161869 1.73168 185194 197993 211609 15 1.16097 1.25023 134587 1.44830 1.55797 1.67535 180094 1.93528 2.07893 223248 189830 2.10485 2.33164 2.5804) 2.85312 315176 147855 201220 225219 251817 281266 313843 3.49845 213293 2.40985 2.71962 306580 345227 220090 257853 2.93719 3.34173 179750 431044 488711 3.17217 364248 417725 4.78459 547357 2.39656 2.75903 743008 91610 436349 1069912 12.89918 15.40702 16 117238 126899 1.37279 148451 160471 1.73399 187298 202237 218287 235526 254035 295216 342394 397031 4.59497 531089 413019 17 118430 128802 1.40024 152162 165285 1.7948 194790 211338 229202 2484801 269277 3.15882 3.70002 4.32763 5.05447 589509 656004 18 119615 130734 1.42825 155966 1.70243 185749 2.02582 220848 2.40662 262147 285434 337993 199602 471712 $55992 19 120811 132695 145661 159865 175351 192250 2.10685 2.30786 2.52695 2.76565 3.02500 361613 4.31570 5.14166 611591 720334 61276 20 122019 134686 148395 163862 180611 198979 2.19112 241171 265330 291776 3.20714 3.86968 500441 672750 808231 964629 2218011 6.54355 7.68997 466096 26.63333 31.94800 38.33700 46.00512 9339622 21 123239 136706 151567 1.67958 186029 205943 2.27877 2.52024 2.78596 3.07823 3.39956 414056 501383 610881 7.40025 894917 1080383 25 138243 145095 164061 185394 209378 236324 2.06584 300543 336635 3.81339. 429187 542743 6.84848 62308 10.83471 13.58546 17.00006 30 134783 156308 181136 209757 242726 280679 324340 374332 432194 498395 574349 761226 10 06266 13.26768 1744940 22.89230 2995992 23737631 40 146 181402 220804 268506 326204 395926 480102 581636 703999 8.51331 10.28572 1491446 21 72452 3140942 45.25926 65 00087 91.05097 140977140