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US Cola is considering the purchase of a special-purpose bottling machine for $24,000. It is expected to have a useful life of 4 years

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US Cola is considering the purchase of a special-purpose bottling machine for $24,000. It is expected to have a useful life of 4 years with no terminal disposal value. The plant manager estimates the following savings in cash operating costs: (Click the icon to view the savings in cash operating costs.) US Cola uses a required rate of return of 18% in its capital budgeting decisions. Ignore income taxes in your analysis. Assume all cash flows occur at year-end except for initial investment amounts. Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements. Requirements Calculate the following for the special purpose bottling machine: 1. Net present value Payback period Discounted payback period 2. 3. 4. Internal rate of return (using the interpolation method) 5. Accrual accounting rate of return based on net initial investment (Assume straight-line depreciation. Use the average annual savings in cash operating costs when computing the numerator of the accrual accounting rate of return.) Print Done - X o the nearest whole Data table Year Year 1 $ Amount 11,000 Year 2 9,000 Year 3 7,000 4,000 Year 4 $ 31,000 Total Print Done ent value.) Present Value of $1 Periods 2% 4% 6% Period 1 0.980 0.962 0.943 8% 0.926 Period 2 0.961 0.925 0.890 0.857 0.826 Period 3 0.942 0.889 0.840 Period 4 0.924 0.855 Period 5 0.906 0.822 0.794 0.792 0.735 0.747 0.681 0.751 10% 12% 0.909 0.893 0.797 0.712 0.683 0.636 0.621 0.567 Period 6 0.888 0.790 0.705 0.630 0.564 0.507 0.456 Period 7 0.871 0.760 0.665 0.583 0.513 0.452 0.400 Period 8 0.853 0.731 0.627 0.540 0.467 0.404 0.351 Period 9 0.837 0.703 0.592 0.500 0.424 0.361 0.308 Period 10 0.820 0.676 0.558 0.463 0.386 0.322 0.270 Period 11 0.804 0.650 0.527 0.429 0.350 0.287 0.237 Period 12 0.788 0.625 0.497 0.397 0.319 0.257 0.208 Period 13 0.773 0.601 Period 14 0.758 0.577 Period 15 0.743 0.555 0.469 0.368 0.442 0.417 0.315 0.290 0.229 0.182 0.340 0.263 0.205 0.160 0.239 0.183 Period 16 0.728 0.534 0.394 0.292 Period 17 0.714 0.513 0.371 0.270 Period 18 0.700 0.494 0.350 0.250 Period 19 0.686 0.475 0.331 0.232 0.164 Period 20 0.673 0.456 0.312 0.215 0.149 Period 21 0.660 0.439 0.294 0.199 0.135 Period 22 0.647 0.422 0.278 0.184 0.123 0.083 0.093 0.064 0.044 0.056 0.031 0.038 0.026 Period 23 0.634 0.406 0.262 0.170 0.112 0.074 0.049 0.033 0.022 Period 24 0.622 0.390 0.247 0.066 0.019 Period 25 0.610 0.375 0.233 Period 26 0.598 0.361 0.220 Period 27 0.586 0.347 Period 28 0.574 0.333 Period 29 0.563 0.321 Period 30 0.552 0.308 Period 35 0.500 Period 40 0.453 0.253 0.208 14% 16% 18% 0.877 0.862 0.847 0.769 0.743 0.718 0.694 0.672 0.650 0.675 0.641 0.609 0.579 0.551 0.524 0.592 0.552 0.516 0.482 0.451 0.423 0.519 0.476 0.437 0.402 0.370 0.341 0.410 0.370 0.335 0.303 0.275 0.354 0.314 0.279 0.249 0.222 0.305 0.266 0.233 0.204 0.179 0.157 0.139 0.263 0.225 0.194 0.167 0.144 0.125 0.108 0.094 0.227 0.191 0.162 0.137 0.116 0.099 0.085 0.073 0.062 0.195 0.162 0.135 0.112 0.094 0.079 0.066 0.056 0.047 0.168 0.137 0.112 0.092 0.076 0.062 0.052 0.043 0.036 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.033 0.027 0.125 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.021 0.140 0.108 0.084 0.065 0.051 0.040 0.031 0.025 0.020 0.016 0.218 0.163 0.123 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.198 0.146 0.108 0.080 0.060 0.045 0.034 0.026 0.020 0.015 0.012 0.009 0.180 0.130 0.095 0.069 0.051 0.038 0.028 0.021 0.016 0.012 0.009 0.007 0.116 0.083 0.060 0.043 0.031 0.023 0.017 0.012 0.009 0.007 0.005 0.104 0.073 0.051 0.037 0.014 0.010 0.007 0.005 0.004 0.015 0.011 0.008 0.006 0.013 0.009 0.006 0.004 0.010 0.007 0.005 0.003 0.002 0.158 0.102 0.043 0.028 0.013 0.008 0.006 0.004 0.003 0.002 0.146 0.092 0.059 0.038 0.024 0.016 0.010 0.007 0.005 0.003 0.002 0.001 0.135 0.084 0.053 0.033 0.021 0.014 0.009 0.006 0.004 0.002 0.002 0.001 0.207 0.125 0.076 0.047 0.029 0.018 0.011 0.007 0.005 0.003 0.002 0.001 0.001 0.001 0.196 0.116 0.069 0.042 0.026 0.016 0.010 0.006 0.004 0.002 0.002 0.001 0.001 0.000 0.185 0.107 0.063 0.037 0.022 0.014 0.008 0.005 0.003 0.002 0.001 0.001 0.000 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 0.003 0.002 0.001 0.001 0.000 0.000 0.130 0.068 0.036 0.019 0.010 0.006 0.003 0.002 0.001 0.001 0.000 0.000 0.000 0.000 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.000 20% 0.833 22% 24% 26% 0.820 0.806 0.794 28% 30% 32% 0.781 0.769 0.758 0.630 0.610 0.592 0.574 0.500 0.477 0.455 0.397 0.373 0.350 0.315 0.291 40% Periods 0.714 Period 1 0.510 Period 2 0.435 0.364 Period 3 0.329 0.260 Period 4 0.269 0.250 0.186 Period 5 0.250 0.227 0.207 0.189 0.133 Period 6 0.198 0.178 0.159 0.143 0.095 Period 7 0.123 0.108 0.068 Period 8 0.082 0.048 Period 9 0.035 Period 10 0.025 Period 11 0.018 Period 12 0.013 Period 13 0.009 Period 14 0.006 Period 15 0.012 0.005 Period 16 0.003 Period 17 0.002 Period 18 0.002 Period 19 0.026 0.019 0.001 Period 20 0.022 0.004 0.003 0.001 Period 21 0.018 0.003 0.002 0.001 Period 22 0.015 0.002 0.000 Period 23 0.001 0.000 Period 24 0.001 0.000 Period 25 0.001 0.000 Period 26 0.000 Period 27 0.000 Period 28 0.000 0.000 Period 29 0.000 Period 30 0.000 Period 35 0.000 Period 40 Present Value of Annuity of $1.00 in Arrears* Periods Period 1 0.980 Period 2 1.942 Period 3 2.884 Period 4 3.808 Period 5 4.713 Period 6 5.601 2% 4.917 Period 7 6.472 5.582 4% 6% 8% 0.962 0.943 0.926 0.909 0.893 1.886 1.833 1.783 1.736 1.690 2.775 2.673 2.577 2.487 2.402 3.630 3.465 3.312 3.170 3.037 4.452 4.212 3.993 3.791 3.605 5.242 4.623 4.355 4.111 6.002 10% 12% 5.206 4.868 4.564 Period 8 7.325 6.733 6.210 5.747 5.335 4.968 4.639 Period 9 8.162 7.435 6.802 6.247 5.759 5.328 Period 10 8.983 8.111 7.360 Period 11 9.787 8.760 7.887 Period 12 10.575 9.385 8.384 7.536 Period 13 11.348 9.986 8.853 7.904 Period 14 12.106 10.563 9.295 8.244 Period 15 12.849 11.118 9.712 8.559 Period 16 13.578 11.652 10.106 8.851 Period 17 14.292 12.166 10.477 9.122 10.828 9.372 6.710 6.145 5.650 7.139 6.495 5.938 6.814 6.194 7.103 6.424 7.367 6.628 7.606 6.811 7.824 6.974 8.022 7.120 8.201 7.250 13.134 11.158 9.604 8.365 7.366 11.470 9.818 8.514 7.469 11.764 10.017 8.649 7.562 6.687 8.772 7.645 8.883 7.718 8.985 7.784 7.070 8.244 7.105 6.233 14% 16% 18% 20% 22% 24% 0.877 0.862 0.847 0.833 0.820 0.806 0.794 0.781 0.769 1.647 1.605 1.566 1.528 1.492 1.457 1.424 1.392 1.361 2.322 2.246 2.174 2.106 2.042 1.981 1.923 1.868 1.816 2.914 2.798 2.690 2.589 2.494 2.404 2.320 2.241 2.166 3.433 3.274 3.127 2.991 2.864 2.745 2.635 2.532 2.436 3.889 3.685 3.498 3.326 3.167 3.020 2.885 2.759 2.643 4.288 4.039 3.812 3.605 3.416 3.242 3.083 2.937 2.802 4.344 4.078 3.837 3.619 3.421 3.241 3.076 2.925 2.786 4.946 4.607 4.303 4.031 3.786 3.566 3.366 3.184 3.019 2.868 5.216 4.833 4.494 4.192 3.923 3.682 3.465 3.269 3.092 2.930 5.453 5.029 4.656 4.327 4.035 3.776 3.543 3.335 3.147 2.978 5.660 5.197 4.793 4.439 4.127 3.851 3.606 3.387 3.190 3.013 5.842 5.342 4.910 4.533 4.203 3.912 3.656 3.427 3.223 3.040 6.002 5.468 5.008 4.611 4.265 3.962 3.695 3.459 3.249 6.142 5.575 5.092 4.675 4.315 4.001 3.726 3.483 3.268 6.265 5.668 5.162 4.730 4.357 4.033 3.751 3.503 3.283 6.373 5.749 5.222 4.775 4.391 4.059 3.771 3.518 3.295 Period 18 14.992 12.659 6.467 5.818 5.273 4.812 4.419 4.080 3.786 3.529 Period 19 15.678 6.550 5.877 5.316 4.843 4.442 4.097 3.799 3.539 3.311 Period 20 16.351 13.590 6.623 5.929 5.353 4.870 4.460 4.110 3.808 3.546 3.316 Period 21 17.011 14.029 5.973 5.384 4.891 4.476 4.121 3.816 3.551 3.320 Period 22 17.658 14.451 12.042 10.201 6.743 6.011 5.410 4.909 4.488 4.130 3.822 3.556 3.323 Period 23 18.292 14.857 12.303 10.371 6.792 6.044 5.432 4.925 4.499 4.137 3.827 3.559 3.325 Period 24 18.914 15.247 12.550 10.529 6.835 6.073 5.451 4.937 4.507 4.143 3.831 3.562 3.327 3.121 Period 25 19.523 15.622 12.783 10.675 9.077 7.843 6.873 6.097 5.467 4.948 4.514 4.147 3.834 3.564 3.329 3.122 Period 26 20.121 15.983 13.003 10.810 9.161 7.896 6.906 6.118 5.480 4.956 4.520 4.151 3.837 3.566 3.330 3.123 Period 27 20.707 16.330 13.211 10.935 9.237 7.943 6.935 6.136 5.492 4.964 4.524 4.154 3.839 3.567 3.331 3.123 Period 28 21.281 16.663 13.406 11.051 9.307 7.984 6.961 6.152 5.502 4.970 4.528 4.157 3.840 3.568 3.331 3.124 Period 29 21.844 16.984 13.591 11.158 9.370 8.022 6.983 6.166 5.510 4.975 4.531 4.159 3.841 3.569 3.332 3.124 Period 30 22.396 17.292 13.765 11.258 9.427 8.055 7.003 5.517 4.979 4.534 4.160 3.842 3.569 3.332 3.124 Period 35 24.999 18.665 14.498 11.655 9.644 8.176 4.992 4.541 4.164 3.845 3.571 3.333 3.125 Period 40 27.355 19.793 15.046 11.925 9.779 4.997 4.544 4.166 3.846 3.571 3.333 3.125 Payments (or receipts) at the end of each period. 26% 28% 30% 32% 40% Periods 0.758 0.714 Period 1 1.331 1.224 Period 2 1.766 1.589 Period 3 2.096 1.849 Period 4 2.345 2.035 Period 5 2.534 2.168 Period 6 2.677 2.263 Period 7 2.331 Period 8 2.379 Period 9 2.414 Period 10 2.438 Period 11 2.456 Period 12 2.469 Period 13 3.061 2.478 Period 14 3.076 2.484 Period 15 3.088 2.489 Period 16 3.097 2.492 Period 17 3.304 3.104 2.494 Period 18 3.109 2.496 Period 19 3.113 3.116 2.497 Period 20 3.118 3.120 2.498 Period 21 2.498 2.499 Period 23 Period 22 2.499 2.499 Period 24 Period 25 2.500 Period 26 2.500 Period 27 6.177 6.215 5.539 5.548 2.500 Period 28 2.500 Period 29 2.500 Period 30 2.500 Period 35 2.500 Period 40 Reference Compound Amount of $1.00 (The Future Value of $1.00) Periods 2% 4% 6% 8% 10% Period 1 1.020 1.040 1.060 1.080 Period 2 1.040 1.082 1.124 1.166 12% 1.100 1.120 1.210 1.254 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods 1.140 1.160 1.180 1.200 1.220 1.240 1.260 1.280 1.300 1.320 1.400 Period 1 1.300 1.346 1.392 1.440 1.488 1.538 1.588 1.638 1.690 1.742 1.960 Period 2 Period 15 1.346 Period 3 1.061 Period 4 1.082 1.170 Period 5 1.104 1.217 Period 6 1.126 1.265 Period 7 1.149 1.316 Period 8 1.172 1.369 Period 9 1.195 1.423 Period 10 1.219 1.480 Period 11 1.243 1.539 Period 12 1.268 1.601 Period 13 1.294 1.665 Period 14 1.319 1.732 1.801 1.125 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 1.816 1.907 2.000 2.097 2.197 2.300 2.744 Period 3 1.262 1.360 1.464 1.469 1.574 1.689 1.811 1.939 2.074 2.215 2.364 2.520 2.684 2.856 3.036 3.842 Period 4 1.611 1.762 1.925 2.100 2.288 2.488 2.703 1.772 1.974 2.195 2.436 2.700 2.986 3.297 2.211 2.502 2.826 3.185 3.583 4.023 2.476 2.853 3.278 3.759 4.300 4.908 3.252 3.803 4.435 5.160 5.987 3.106 3.707 4.411 5.234 6.192 7.305 3.479 3.896 4.226 5.117 6.176 7.430 8.912 4.818 5.936 7.288 8.916 5.492 6.886 8.599 10.699 12.839 2.397 15.407 Period 16 1.373 1.873 2.540 18.488 Period 17 1.400 1.948 Period 18 1.428 2.026 Period 19 1.457 2.107 Period 20 1.486 2.191 Period 21 1.516 2.279 Period 22 1.546 2.370 Period 23 1.577 2.465 Period 24 1.608 2.563 Period 25 1.641 2.666 Period 26 1.673 2.772 Period 27 1.707 2.883 Period 28 1.741 2.999 Period 29 1.776 3.119 Period 30 1.811 3.243 Period 35 2.000 3.946 22.186 26.623 35.849 31.948 43.736 38.338 53.358 46.005 65.096 55.206 66.247 Period 40 2.208 4.801 1.338 1.419 1.587 1.504 1.714 1.949 1.594 1.851 2.144 1.689 1.999 2.358 2.773 1.791 2.159 2.594 1.898 2.332 2.853 2.012 2.518 3.138 2.133 2.720 3.452 4.363 2.261 2.937 3.797 4.887 6.261 7.988 10.147 3.172 4.177 5.474 7.138 9.266 11.974 3.426 4.595 6.130 8.137 10.748 14.129 2.693 3.700 5.054 6.866 9.276 12.468 16.672 2.854 3.996 5.560 7.690 10.575 14.463 19.673 3.026 4.316 6.116 8.613 12.056 16.777 23.214 3.207 4.661 6.727 9.646 13.743 19.461 27.393 3.400 5.034 7.400 10.804 15.668 22.574 32.324 3.604 5.437 8.140 12.100 17.861 26.186 38.142 79.418 3.820 5.871 8.954 13.552 20.362 30.376 45.008 96.889 140.831 4.049 6.341 9.850 15.179 23.212 35.236 53.109 79.497 118.205 174.631 4.292 6.848 10.835 17.000 26.462 40.874 62.669 95.396 144.210 216.542 4.549 7.396 11.918 19.040 30.167 47.414 73.949 114.475 175.936 268.512 4.822 7.988 13.110 21.325 34.390 55.000 87.260 137.371 214.642 332.955 5.112 8.627 14.421 23.884 39.204 63.800 102.967 164.845 261.864 412.864 5.418 9.317 15.863 26.750 44.693 74.009 121.501 197.814 319.474 511.952 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 389.758 634.820 7.686 14.785 28.102 52.800 98.100 180.314 327.997 590.668 1053.402 1861.054 3258.135 5653.911 9727.860 16599.217 130161.112 Period 35 10.286 21.725 45.259 93.051 188.884 378.721 750.378 1469.772 2847.038 5455.913 10347.175 19426.689 36118.865 66520.767 700037.697 Period 40 2.932 3.176 3.436 3.713 4.007 5.378 Period 5 3.635 4.002 4.398 4.827 5.290 7.530 Period 6 4.508 5.042 5.629 6.275 6.983 10.541 Period 7 5.590 6.353 7.206 8.157 9.217 14.758 Period 8 6.931 8.005 9.223 10.604 12.166 20.661 Period 9 8.594 10.086 11.806 13.786 16.060 28.925 Period 10 10.657 12.708 15.112 17.922 21.199 40.496 Period 11 10.872 13.215 16.012 19.343 23.298 27.983 56.694 Period 12 13.264 16.182 20.319 16.386 20.175 24.759 30.288 36.937 79.371 Period 13 25.421 31.691 39.374 48.757 111.120 Period 14 19.742 25.196 32.030 40.565 51.186 64.359 155.568 Period 15 24.086 31.243 40.358 51.923 66.542 84.954 217.795 Period 16 29.384 38.741 50.851 66.461 86.504 112.139 304.913 Period 17 48.039 64.072 85.071 112.455 148.024 426.879 Period 18 59.568 80.731 108.890 146.192 195.391 597.630 Period 19 73.864 101.721 91.592 128.169 113.574 161.492 203.480 256.385 139.380 190.050 257.916 178.406 247.065 340.449 228.360 321.184 449.393 292.300 417.539 593.199 374.144 542.801 783.023 836.683 Period 20 1171.356 Period 21 1639.898 Period 22 2295.857 Period 23 3214.200 Period 24 323.045 478.905 705.641 1033.590 407.037 612.998 917.333 512.867 784.638 1192.533 646.212 1004.336 1550.293 2377.224 814.228 1285.550 2015.381 3137.935 1025.927 1645.505 2619.996 4142.075 4499.880 Period 25 1364.339 6299.831 Period 26 1800.927 8819.764 Period 27 12347.670 Period 28 17286.737 Period 29 24201.432 Period 30 Reference Compound Amount of Annuity of $1.00 in Arrears* (Future Value of Annuity) Periods 2% 4% 6% 8% 10% 12% 1.000 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 1 2.200 2.220 2.240 2.260 2.280 2.300 2.320 2.400 Period 2 3.640 3.708 3.778 3.848 3.918 3.990 4.062 4.360 Period 3 5.215 5.368 5.524 5.684 5.848 6.016 6.187 6.362 7.104 Period 4 7.154 7.442 7.740 8.048 8.368 8.700 9.043 9.398 10.946 Period 5 9.930 10.442 10.980 11.544 12.136 12.756 13.406 16.324 Period 6 13.740 14.615 15.546 16.534 17.583 18.696 23.853 Period 7 16.499 17.762 19.123 20.588 22.163 23.858 25.678 34.395 Period 8 20.799 22.670 24.712 26.940 29.369 32.015 34.895 49.153 Period 9 25.959 28.657 31.643 34.945 38.593 42.619 47.062 69.814 Period 10 32.150 35.962 40.238 45.031 50.398 56.405 63.122 98.739 Period 11 39.581 44.874 50.895 57.739 65.510 74.327 84.320 139.235 Period 12 48.497 55.746 64.110 73.751 84.853 97.625 112.303 195.929 Period 13 59.196 69.010 80.496 93.926 109.612 127.913 149.240 275.300 Period 14 85.192 100.815 119.347 141.303 167.286 197.997 386.420 Period 15 104.935 126.011 151.377 181.868 218.472 262.356 541.988 Period 16 129.020 157.253 191.735 233.791 285.014 347.309 759.784 Period 17 158.405 195.994 242.585 300.252 371.518 459.449 1064.697 Period 18 194.254 244.033 306.658 385.323 483.973 607.472 1491.576 Period 19 237.989 291.347 630.165 802.863 2089.206 Period 20 820.215 1060.779 2925.889 Period 21 1067.280 1401.229 4097.245 Period 22 1388.464 1850.622 5737.142 Period 23 2443.821 8032.999 Period 24 11247.199 Period 25 15747.079 Period 26 22046.910 Period 27 30866.674 Period 28 Period 29 Period 30 Period 35 14% 16% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.020 2.040 2.060 2.080 2.100 2.120 2.140 2.160 2.180 Period 3 3.060 3.122 3.184 3.246 3.310 3.374 3.440 3.506 3.572 Period 4 4.122 4.246 4.375 4.506 4.641 4.779 4.921 5.066 Period 5 5.204 5.416 5.637 5.867 6.105 6.353 6.610 6.877 Period 6 6.308 6.633 6.975 7.336 7.716 8.115 8.536 8.977 9.442 Period 7 7.434 7.898 8.394 8.923 9.487 10.089 10.730 11.414 12.142 12.916 Period 8 8.583 9.214 9.897 10.637 11.436 12.300 13.233 14.240 15.327 Period 9 9.755 10.583 11.491 12.488 13.579 14.776 16.085 17.519 19.086 Period 10 10.950 12.006 13.181 14.487 15.937 17.549 19.337 21.321 23.521 Period 11 12.169 13.486 14.972 16.645 18.531 20.655 23.045 25.733 28.755 Period 12 13.412 15.026 16.870 18.977 21.384 24.133 27.271 30.850 34.931 Period 13 14.680 16.627 18.882 21.495 24.523 28.029 32.089 36.786 42.219 Period 14 15.974 18.292 21.015 24.215 27.975 32.393 37.581 43.672 50.818 Period 15 17.293 20.024 23.276 27.152 31.772 37.280 43.842 51.660 60.965 72.035 Period 16 18.639 21.825 25.673 30.324 35.950 42.753 50.980 60.925 72.939 87.442 Period 17 20.012 23.698 28.213 33.750 40.545 48.884 59.118 71.673 87.068 105.931 Period 18 21.412 25.645 30.906 37.450 45.599 55.750 68.394 84.141 103.740 128.117 Period 19 22.841 27.671 33.760 41.446 51.159 63.440 78.969 98.603 123.414 154.740 Period 20 24.297 29.778 36.786 45.762 57.275 72.052 91.025 115.380 146.628 186.688 303.601 387.389 494.213 Period 21 25.783 31.969 39.993 50.423 64.002 81.699 104.768 134.841 174.021 225.026 377.465 489.110 633.593 Period 22 27.299 34.248 43.392 55.457 71.403 92.503 120.436 157.415 206.345 271.031 356.443 469.056 617.278 811.999 Period 23 28.845 36.618 46.996 60.893 79.543 104.603 138.297 183.601 244.487 326.237 435.861 582.630 778.771 1040.358 Period 24 30.422 39.083 50.816 66.765 88.497 118.155 158.659 213.978 289.494 392.484 532.750 723.461 982.251 1332.659 1806.003 Period 25 32.030 41.646 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471.981 650.955 898.092 1238.636 1706.803 2348.803 3226.844 Period 26 33.671 44.312 59.156 79.954 109.182 150.334 208.333 290.088 405.272 567.377 795.165 1114.634 1561.682 2185.708 3054.444 4260.434 Period 27 35.344 47.084 63.706 87.351 121.100 169.374 238.499 337.502 479.221 681.853 971.102 1383.146 1968.719 2798.706 3971.778 5624.772 Period 28 37.051 49.968 68.528 95.339 134.210 190.699 272.889 392.503 566.481 819.223 1185.744 1716.101 2481.586 3583.344 5164.311 7425.699 Period 29 38.792 52.966 73.640 103.966 148.631 214.583 312.094 456.303 669.447 984.068 1447.608 2128.965 3127.798 4587.680 6714.604 9802.923 43214.343 Period 30 40.568 56.085 79.058 113.283 164.494 241.333 356.787 530.312 790.948 1181.882 1767.081 2640.916 3942.026 5873.231 8729.985 12940.859 60501.081 Period 35 49.994 73.652 111.435 172.317271.024 431.663 693.573 1120.7131816.652 2948.341 4783.645 7750.225 12527.442 20188.966 32422.868 51869.427 325400.279 Period 40 60.402 95.026 154.762259.057 442.593 767.091 1342.0252360.7574163.213 7343.858 12936.535 22728.803 39792.982 69377.460 120392.883 207874.272 1750091.741 Period 40 Payments (or receipts) at the end of each period.

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