TABLE 1-2: Present value of an ordinary annuity of n payments of 1: (P/A, i, n) 1 (1 + i)" i P/A= n 2% 3% 5% 7% 2.5% 10% 12% 14% 15% 5.60143 5.50813 6.47199 6.34939 7.32548 7.17014 8.16224 7.97087 8.98259 8.75206 8.53020 5.53482 5.33493 5.14612 4.96764 4.63886 4.48732 6% 8% 9% 11% 0.98039 0.97561 0,97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.87719 0.86957 1.94156 1.92742 1.91347 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.64666 1.62571 2.88388 2.85602 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.53129 2.48685 2.44371 2,40183 2.32163 2.28323 3.80773 3.76197 3.71710 3,62990 3.54595 3.46511 3.38721 3.31213 3.23972 3,16987 3.10245 3.03735 2.91371 2.85498 4.71346 4.64583 4.57971 4,45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.43308 3.35216 5.41719 5.24214 5,07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.88867 3.78448 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.28830 4.16042 7.01969 6.73274 6.46321 6.20979 5.97130 5.74664 7.78611 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.94637 4.77158 8,11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5,65022 5.21612 5.01877 11 9.78685 9,51421 9.25262 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.45273 5.23371 12 10.57534 10.25776 9.95400 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.66029 542062 13 11.34837 10.98318 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.84236 5.58315 14 12.10625 11.69091 11.29607 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 6.00207 5.72448 15 12.84926 12.38138 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 6.14217 584737 13.57771 13.05500 12.56110 11.65230 10.83777 10.10590 9.44665 14.29187 13,71220 13,16612 12.16567 11.27407 10.47726 9.76322 14.99203 14.35336 13.75351 12.65930 11.68959 10.82760 10.05909. 19 15.67846 14.97889 14.32380 13.13394 12.08532 11.15812 10.33560 20 16.35143 15.58916 14.87747 13,59033 12.46221 11.46992 10.59401 981815 9.12855 8,51356 7.96333 7,46944 6.62313 6.25933 16 17 18 8.85137 9.12164 9.37189 9.60360 8.31256 7.82371 7.37916 6.97399 6.26506 5.95423 8.54363 8,02155 7.54879 7,11963 6.37286 6.04716 8.75563 8.20141 7.70162 7.24967 6.46742 6.12797 8.95011 8,36492 7.83929 7.36578 6.55037 6.19823 1 2 3 4 5 1- 6 7 8 9 10 21 17.01121 16.18455 15.41502 14.02916 12.82115 11.76408 10.83553 10.01680 9.29224 8.64869 8.07507 7.56200 6.68696 6.31246 22 17.65805 16.76541 15.93692 14.45112 13,16300 12.04158 11.06124 10.20074 9.44243 8.77154 8.17574 7.64465 6.74294 6.35866 23 18.29220 17.33211 16.44361 14.85684 13.48857 12.30338 11.27219 10.37106 9.58021 8.88322 8.26643 7.71843 6.79206 6.39884 24 18.91393 17.88499 16.93554 15.24696 13.79864 12.55036 11.46933 10.52876 9.70661 8.98474 8.34814 7.78432 6.83514 6.43377 25 19.52346 18.42438 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 9.82258 9.07704 842174 7.84314 6.87293 6.46415 26 20.12104 18.95061 17.87684 15.98277 14.37519 13.00317 11.82578 10.80998 9.92897 9,16095 8.48806 7.89566 6.90608 6.49056 27 20.70690 19.46401 18.32703 16.32959 14.64303 13.21053 11.98671 10.93516 10.02658 9.23722 8.54780 7.94255 6.93515 6.51353 28 21.28127 19.96489 18.76411 16.66306 14.89813 13.40616 12.13711 11.05108 10.11613 9,30657 8.60162 7.98442 6.96066 6.53351 29 21.84438 20.45355 19.18845 16.98371 15.14107 13.59072 12.27767 11.15841 10.19828 9.36961 8.65011 8.02181 6.98304 6.55088 30 22.39646 20.93029 19.60044 17.29203 15.37245 13.76483 12.40904 11.25778 10.27365 9.42691 8.69379 8.05518 7.00266 6.56598 31 22.93770 21.39541 20.00043 17.58849 15.59281 13.92909 12.53181 11.34980 10.34280 9.47901 8.73315 8.08499 7.01988 6.57911 32 2346833 21.84918 20.38877 17.87355 15.80268 14.08404 12.64656 11.43500 10.40624 9.52638 8.76860 8.11159 7.03498 6.59053 33 23.98856 22.29188 20.76579 18.14765 16.00255 14.23023 12.75379 11.51389 10.46444 9.56943 8.80054 8.13535 7.04823 6.60046 34 24.49859 22.72379 21.13184 18.41120 16.19290 14.36814 1285401 11.58693 10.51784 9.60857 8.82932 8.15656 7.05985 6.60910 35 24.99862 23.14516 21.48722 18.66461 16.37419 14.49825 1294767 11.65457 10.56682 9.64416 8.85524 8,17550 7.07005 6.61661 36 25.48884 23.55625 21,83225 18.90828 16.54685 14.62099 13.03521 11.71719 10.61176 9,67651 887859 8.19241 7.07899 6.62314 37 25.96945 23.95732 22.16724 19.14258 16.71129 14.73678 1311702 11.77518 10.65299 9,70592 8.89963 8.20751 7.08683 6.62881 38 26.44064 24.34860 22.49246 19.36786 16.86789 14.84602 13.19347 11.82887 10.69082 9.73265 8.91859 8.22099 7.09371 6.63375 39 26.90259 24.73034 22.80822 19.58448 17.01704 14.94907 1326493 11.87858 10.72552 9.75696 8.93567 8.23303 7.09975 6.63805 40 27.35548 25.10278 23.11477 19.79277 17.15909 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 7.10504 6.64178 45 29.49016 26.83302 24.51871 20.72004 17.77407 15.45583 13.60552 1210840 10.88120 9.85281 9.00791 8.28252 7.12322 6.65429 50 31.42361 28.36231 25.72976 21.48218 18,25593 15.76186 1380075 12.23348 10.96168 9,91481 9.04165 8,30450 7.13266 6.66051