this might help for this question

this table may help as well

2. A business is generating $2,000 per month for the next 5 years at a nominal interest rate of 12% compounded monthly. How much cash should one pay for it? . wirst Factors for Discrete Compounding 603 TABLE A 16 12% INTEREST FACTORS FOR DISCRETE COMPOUNDING Uniform gradient- Capital recovery factor To find A Given P A/P.I. 1.1200 5917 0.4164 0 3292 02774 factor To find A Given G AG,1, 00000 06717 0 9246 1 3589 1.7740 0 2432 2 1720 2.5515 2.9132 3 2574 35847 2013 0.1872 0.1770 1684 0.1614 01557 0.1509 38953 41897 0.1468 Single Payment Equal Payment Series Compound. Present Compound, Sinking Present amount worth amount fund worth factor factor factor factor factor To find F To find PT To find F To find 4 To find P Given P Given F Given A Given F Given A FPN P!F., FALR AFI, PIA 1.120 08929 1000 10000 08929 1 254 1972 2120 04717 1.8901 1.405 0.7110 3374 02954 2018 1.574 06355 4779 0 2002 30374 1.782 05674 5353 0.1574 3 6048 1.974 508 3115 01232 4 1114 2211 04524 10009 2476 0.4039 12 300 O 0813 49676 2.773 14770 00672 53283 3.106 03220 17.549 O 0570 55502 3479 02875 20655 00484 59377 02567 0414 $1904 4 384 02252 28 029 00357 64236 4837 02046 00399 56282 5474 0.1822 37 280 00268 8 8109 6130 0.1631 42 753 00234 69740 6. 0.1457 4884 7690 0.1300 55 750 00179 72497 8613 0.1161 63 440 00158 7368 9 646 0.1037 72 052 O 0139 7.4695 10 804 00926 81 699 00123 75620 12 100 00827 92.500 00108 75447 13 552 0.0738 104 503 00016 7 7134 15 179 0.0659 118 155 occas 77843 17 000 0.0688 133 334 00075 19.040 O 05.25 150 334 00067 78957 21 325 00459 169 374 0.0059 79426 23.884 0.0419 190.609 0.0053 79846 26 750 00374 214 583 80P10 29.960 00334 241 333 0 0042 8.0552 00298 271 293 O 0037 80950 37582 00266 304 34 O 0013 81115 42 092 00238 342 429 0 0029 1354 47.143 0212 384 521 0.0026 8.1566 52 800 00109 431 666 00023 8.1755 93051 00103 767.091 00013 2438 163 00061 1358 230 0.0007 8 2825 289 002 00035 2400 018 00004 3045 6205 4.7317 4.9003 52147 54353 5.6427 5.8375 60202 0.1913 63514 65010 6.6407 78431 6.7708 0.1434 0.1405 0 1379 0.1958 0.1339 01323 0.1300 0.1296 0.1285 0.1275 0.1267 0.1259 0.1253 01247 0.1242 01237 0.1233 0 122 0.1226 01223 6.8921 76049 7.1098 7.2071 7.2974 00042 7 3811 7.4586 75303 75965 76577 0 1213 0 1207 01204 70188 80572 8 1597 618 TABLE B.1 EFFECTIVE INTEREST RATES CORRESPONDING TO NOMINAL RATE Semi- annually Compounding Frequency Continu- Quarterly Monthly Weekly Daily ously (1+4)*(1 + 1)") (1 +57)|(1 +363) *(1+) (1 + a) 010025 020100 030225 .040400 050625 .010038 .020151 030339 040604 050945 010046 020184 .030416 040741 051161 010049 020197 .030444 040793 051244 .010050 .020200 030451 .040805 .010050 .020201 030455 .040811 .051271 82 051261 060900 .071225 081600 092025 102500 061364 071859 082432 .093083 103813 061678 072290 082999 .093807 ,104713 .061797 .072455 .083217 094085 .105060 061799 072469 083246 .094132 105126 061837 .072508 .083287 094174 105171 113025 .123600 .134225 .144900 13 .114521 .125509 .136476 .147523 158650 .115718 126825 138032 .149341 160755 .116144 .127336 .138644 .150057 .161582 116231 127447 .138775 .150217 .161773 .116278 127497 138828 150274 161834 .155625 .17 .18 .19 .186400 .177225 .188100 .199025 210000 .169859 181148 192517 203971 215506 .172270 .183891 195618 207451 219390 .173221 184974 196843 208828 220931 173446 .185235 .197142 .209169 .221316 .173511 .185305 197217 209250 221403 -21 .23 .24 .25 221025 232100 243225 .254400 .265625 227124 230825 250609 262477 274429 231439 243596 255863 268242 .280731 233153 245494 257957 270542 283250 233584 245976 258492 271133 283901 233678 246077 258600 271249 284025 276900 288225 .299600 .311025 322500 286466 298588 310798 323089 335469 293333 306050 -318880 331826 -344889 296090 309049 322135 336350 348693 296796 309821 322976 336264 349684 296930 309964 .323130 336428 349859 334025 .345600 357225 .368900 .380625 347936 360489 .373130 385859 398678 358068 371366 384784 .398321 .411979 362168 375775 .389515 403389 417399 .363238 376928 390756 .404722 .418827 363425 377128 .390968 .404948 .419068