To calculate the present value, you may use the =PV() formula in Excel or the provided table: TABLE 4 Present Value of an Annulty (n) Periods 2% 214% 3% 4% 5% 6% (u) 7% 8% 9% 10% 12% 15% Periods 10 11 -2345 678RO 2015 .98039 .97561 .97087 .96154 .95238 .94340 1.94156 1.92742 1.91347 1.88609 1.85941 1.83339 .93458 1.80802 2.88388 2.85602 2.82861 2.77509 2.72325 2.67301 2.62432 3.80773 3.76197 3.71710 3.62990 3.54595 3.46511 3.38721 4.71346 4.64583 4.57971 4.45182 4.32948 4.21236 4.10020 .92593 1.78326 2.57710 3.31213 3.99271 .91743 90909 1.75911 1.73554 89286 .86957 1.69005 1.62571 2.53130 2.48685 2.40183 2.28323 3.23972 3.16986 3.03735 2.85498 3.88965 3.79079 3.60478 3.35216 1 2 3 4 5.60143 5.50813 5.41719 5.24214 5.07569 4.91732 4.76654 4.62288 6.47199 6.34939 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 7.32548 7.17014 7.01969 6.73274 6.46321 6.20979 5.97130 5.74664 9 8.16224 7.97087 7.78611 7.43533 7.10782 6.80169 6.51523 8.98259 8.75206 8.53020 8.11090 7.72173 7.36009 7.02358 6.24689 6.71008 4.48592 4.35526 4.1x141 5.03295 4.86842 4.56376 4.16042 5.53482 5.33493 4.96764 4.48732 5.99525 5.75902 5.32825 4.77158 6.41766 6.14457 5.65022 5.01877 3.78448 10 9.78685 9.51421 9.25262 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 5.93770 5.23371 11 10.57534 10.25776 9.95400 9.38507 8.86325 8.38384 7.94269 7.53608 13 11.34837 10.98318 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 14 12.10625 11.69091 11.29607 10.56312 9.89864 9.29498 8.74547 8.24424 16 13.57771 17 14.29187 18 12.84926 12.38138 13.05500 13.71220 14.99203 14.35336 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948 19 15.67846 14.97889 20 16.35143 15.58916 12.56110 11.65230 10.83777 13.16612 12.16567 11.27407 13.75351 12.65930 11.68959 14.32380 13.13394 12.08532 14.87747 13.59033 12.46221 10.10590 9.44665 8.85137 10.47726 9.76322 9.12164 10.82760 10.05909 9.37189 11.15812 11.46992 21 17.01121 16.18455 15.41502 14.02916 12.82115 11.76408 22 17.65805 16.76541 15.93692 14.45112 13.16300 23 18.29220 17.33211 16.44361 14.85684 24 18.91393 17.88499 16.93554 15.24696 25 19.52346 18.42438 15.62208 22.39648 20.93029 19.60044 17.29203 23.46833 21.84918 20.38877 17.87355 24.49859 22.72379 21.13184 18.41120 25.48884 23.55625 21.83225 18.90828 27.35548 25.10278 23.11477 19.79277 17.41315 9.60360 9.81815 10.83553 10.01680 12.04158 11.06124 10.20074 13.48857 12.30338 11.27219 10.37106 13.79864 12.55036 11.46933 10.52876 14.09394 12.78336 11.65358 10.67478 15.37245 13.76483 12.40904 1.25778 15.80268 14.08404 12.64656 11.43500 16.19290 14.36814 12.85401 11.58693 16.54685 14.62099 13.03521 11.71719 17.15909 15.04628 13.33171 11.92461 10.33560 10.59401 7.16073 6.81369 7.48690 7.10336 6.42355 5.58315 7.78615 7.36669 6.62817 5.72448 8.06069 7.60608 6.81086 5.84737 8.31256 7.82371 6.97399 5.95424 8.54363 8.02155 7.11963 6.04716 8.75563 8.20141 7.24967 6.12797 8.95012 8.36492 7.36578 6.19823 9.12855 8.51356 7.46944 6.25933 9.29224 8.64869 7.56200 6.31246 9.44243 8.77154 7.64465 6.35866 9.58021 8.88322 7.71843 6.39884 9.70661 8.93474 7.78432 643377 9.82258 9.07704 7.84314 6.46415 10.27365 9.42691 8.05518 6.56598 10.40624 9.52638 8.11159 6.59053 10.51784 9.60857 8.15656 6.60910 10.61176 9.67651 8.19241 6.62314 10.75736 9.77905 8.24378 6.64179 6.19437 5.42062 14 20 21 22 23 24 30 32 36 40 SEKS EN 19 5 34