Use the NPV method to determine whether Smith Products should invest in the following projects. Project A costs $275,000 and offers seven annual net cash inflows of $62,000. Smith Products requires an annual return of 16% on projects like A. Project costs $390.000 and offers nine annual net cash inflows of $89,000. Smith Products demands an annual return of 14% on investments of this nature. Click the icon to view the present value annuity table) (Click the icon to view the present value table.). (Click the icon to view the future value annuity table.) (Click the icon to view the future value table.) Requirement What is the NPV of each project? What is the maximum acceptable price to pay for each project Calculate the NPV of each project (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.) The NPV of Projects ke A so Present Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.9090.893 0.877 0.862 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 Period 3 2.941 2.884 2.829 2.775 2.723 26732577 2.487 2 402 2322 2.246 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2914 2.798 Period 5 4.853 4713 4.580 4.452 4.3294212 3.993 3.791 3.605 3.433 3.274 Period 6 5.795 5.601 5.417 5242 5.076 49174.623 4.355 4.111 3.889 3.685 Period 7 6.728 6 472 6.230 6.0025.786 5.5825.206 4.86845644 288 4.039 Period 8 7.65273257.020 6.7336.463 6.210 5.747 5.335 4.968 4.639 4,344 Period 9 8.566 8.1627.786 7.435 7 108 6.802 6.247 5.759 5.328 4.946 4.607 Period 10 9.471 8.983 8.530 8.1117.722 7.360 6.710 6.145 5.650 5.216 4.833 Period 11 10.368 9.787 9.2538.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 Period 12 11 255 10.575 9.9549.385 8.863 8.384 7.536 6.814 6.194 5.660 5.197 Period 1312. 134 11.348 10.635 9.9869.394 8.853 7.904 7.103 6.424 5.842 5.342 Period 14 13.004 12 106 111.296 10.563 9.899 9.2958.244 1 73676.6286002 5.468 18% 0.847 1.566 2.174 2.690 3.127 3.498 3.812 4.078 4.303 4.494 20% 0.833 1.528 2.106 2.589 2 991 blue 3.326 3.605 3.837 4.031 4.192 4.656 4.793 4.910 5.008 4.327 4.439 4.533 4.611 2.589 2.991 3.326 3.605 3.837 4.031 4.192 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 Period 5 4.853 4.713 4.580 4.452 4.3294212 3.993 3.791 3.605 3.433 3.274 3.127 Period 6 5.795 5.601 5.417 5.2425.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 Period 7 6.728 6.472 6.230 6.002 5.786 5.5825.206 4.868 4.564 4.288 4.039 3.812 Period 8 7.652 7.325 7.0206.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 Period 9 8.566 8.1627.786 7.435 7.108 6.8026.247 5.759 5.328 4.946 4.607 4.303 Period 10 9.471 8.983 8.530 8.111 7.7227.360 6.710 6.145 5.6505.216 4.833 4.494 Period 11 10.368 9.787 9.2538.760 8.306 7.887 7.139 6.495 5.938 5.453 5.0294.656 Period 12 11.255 10.575 9.954 9.385 8.8638.384 7.536 6.814 6.194 5.660 5.197 4.793 Period 13 12.134 11.348 10.635 9.986 9.3948.853 7.904 7.103 6.424 5.842 5.342 4.910 Period 14 13.004 12.106 11.296 10.563 9.899 9.2958.244 7.3676.628 6.002 5.468 5.008 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 6.142 5.575 5.092 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.4696.623 5.929 5.353 Period 25 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 7.843 6.873 6.097 5.467 Period 30 25,808 22 396 19.600 17.292 15.372 13.765 11.258 9.4278.055 7.003 6.177 5,517 Period 40 32.835 27 355 23.115 19.793 17.159 15.046 11.925 9.779 8,244 7.105 6.233 5.548 4.327 4.439 4.533 4.611 4.675 4.870 4.948 4.979 4.997 Lid Reference - X pn He the 5 S natur on on Periods Period 1 Period 2 Period 3 Period 4 Period 5 14% 1.000 2.140 3,440 4.921 6.610 16% 1.000 2 160 3.506 5,066 6.877 of Period 6 Period 7 Period 8 Period 9 Period 10 Future Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 1.000 1.000 1.000 1.000 1.000 1000 1000 1.000 1.000 2.010 2.020 2.030 2040 2.050 2060 2080 2100 2 120 3030 3.060 3.091 3.122 3.153 3.184 3246 3.310 3.374 4060 4.122 4,184 4.246 4310 4375 4 506 4.641 4.779 5.101 5.204 5,309 5,416 5.526 5,637 5867 6.105 6.353 6.152 6,308 6.468 6,633 6.802 6.975 7.336 7.716 8.115 7214 7434 7,662 7.898 8.142 8.394 8.923 9.487 10.089 8 286 8,583 8.892 9214 9.549 9.897 10.637 11.436 12.300 9.369 9.755 10.159 10.583 11.027 11.4911248813.579 14.776 10.462 10.950 11.464 12.006 12 578 13.1811448715.937 17.549 11.567 12. 169 12808 13.48614207 14.97216645 18.531 20.655 12.683 13.412 14.192 15.026 1591716,870 18 977 21 384 24.133 13 809 14.680 15.618 16.62717 71318.882 21.495 24.523 28 029 14 94715.97417086 18.292 | 19599 21.015 24215 | 27.975 32.393 8.536 10.730 13 233 16.085 19.337 8.977 11.414 14.240 17519 21.321 25.733 30.850 36.786 43.672 18% 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 23,521 28.755 34.931 42.219 50.818 ed 20% 1.000 2.200 3.640 5.368 7.442 9.930 12.916 16,499 20.799 25.959 32.150 39.581 48.497 59 196 Period 11 Period 12 Period 13 Period 14 23.045 27 271 32 089 37581 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 4,060 4.122 4.184 4.246 4310 4 375 4.506 4.641 4.779 4921 5.066 5.215 5.368 5.101 5.204 5.309 5.416 5.526 5.637 5.867 6.105 6.353 6.610 6.877 7.154 7.442 6.152 6.308 6.468 6.633 6.802 6.975 7.336 7.716 8.115 8,536 8.977 9.442 9.930 7.214 7.434 7.662 7898 8.142 8.394 8.923 9.487 10.089 10.730 11.414 12.142 12.916 8.286 8.583 8.892 9.214 9.549 9.897 10.637 11.436 12.300 13.233 14.240 15.327 16.499 9.369 9.755 10.159 10.583 11.027 11.491 12.488 13.579 14.776 16.085 17.519 19.086 20.799 10.462 10.950 11.464 12.006 12.578 13.181 14 487 15.93717 549 19.337 21.321 23.521 25.959 11.567 12.169 12.808 13,486 14.207 14.972 16.645 18.531 20655 23.045 25.733 28.755 32.150 12 683 13.412 14.192 15.026 15.917 16.870 18,977 21.384 24.133 27 271 30.850 34.931 39.581 13.809 14.680 15.618 16.627 17.713 18.882 21.495 24.523 28.029 32.089 36.786 42.219 48.497 14.94715.974 17086 18.292 19.599 21.015 24.215 27.975 32 393 37.581 43.672 50.818 59.196 16.09717 293 18,599 20.024 | 21.579 23.276 27 152 31.772 37.280 43.842 51.660 60.965 72.035 22.019 24.297 26,870 29.778 33.066 36.786 45.762 57 27572052 91.025 115.380 146.628 186.688 28 243 32 03036.459 41.646 47.727 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471,981 34.785 40.568 47.575 56.085 66.43979.058 113.283 164.494 241.333 356.787 530.312 790.948 1,181.882 48.886 60.402 75.401 95.026 120.800 154.762 259.057 442.593 767.091 1,342 025 2.360.757 4,163.2137.343.858 Period 20 Period 25 Period 30 Period 40 0 Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.9090.893 0.877 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.8570.826 0.797 0.769 0.743 0.7180.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.456 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.7600.7110.665 0.583 0.513 0.452 0.400 0.3540.3140.279 Period 8 0.923 0.853 0.789 0731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0233 Period 9 0.914 0.837 0.766 0.703 0.6450.5920.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 Period 110.896 0.8040.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.4690.368 0.290 0.229 0.182 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0442 0.340 0263 0 205 0.160 0.125 0.099 0.078 Period 0.99 Period 8 0.923 0.853 0.789 0.731 0.677 0.6270.540 0.467 0.404 0.3510.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.6450.5920.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 Period 110.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Period 12 0.8870.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.168 0.1370.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.229 0.1820.145 0.116 0.093 Period 140.870 0.758 0.661 0.577 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 Period 20 0.820 0.673 0.554 0.456 0.377 0.3120.215 0.149 0.104 0.073 0.051 0.037 0.026 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.0590.038 0.024 0.016 0.010 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 0.099 0.057 0.033 0.020 0.0120.007 0.004 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 Future Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1,093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 8% 1.080 1.166 1.260 1.360 1.469 10% 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 16% 1.160 1.346 1.561 1.811 2.100 18% 1.180 1.392 1.643 1.939 2 288 2.700 3.185 3.759 4.435 5.234 20% 1.200 1.440 1.728 2 074 2.488 P. 1.062 1.072 1.083 1094 1.105 1.126 1.149 1.172 1.195 1219 1.194 1.230 1.267 1.305 1.344 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 1265 1.316 1.369 1.423 1480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.587 1.714 1.851 1.999 2.159 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 2.436 2.826 3.278 3.803 4.411 2.986 3.583 4.300 5.160 6.192 1.116 1.127 1.138 1 149 1.243 1.268 1.294 1.319 1.384 1.426 1.469 1.513 1.539 1.601 1.665 1.732 1.710 1.796 1.886 1.980 1.898 2012 2.133 2.261 2332 2518 2.720 2.937 2.853 3.138 3.452 3.797 3.479 3.896 4.363 4.887 4.226 4.818 5.492 6.261 5.117 5.936 6.886 7 988 6.176 7.288 8.599 10 147 7.430 8.916 10.699 12 839 1.094 1.105 1.195 1.219 1.305 1 344 1.423 1.480 1.551 1.629 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 20 Period 25 Period 30 Period 40 1 116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1 346 1,384 1.426 1.469 1.513 1.558 1.806 2094 2.427 3.262 1.539 1601 1.665 1732 1.801 2.191 2.666 3.243 4801 1.710 1.796 1.886 1.980 2.079 2.653 3.386 4.322 7.040 1.689 1.999 2358 2.773 3.252 3.805 4.453 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 1.898 2.332 2.853 3.479 4.226 5.117 6.176 7.430 2012 2.518 3.138 3.896 4.818 5.936 7 288 8.916 2.133 2.720 3.452 4.363 5.492 6.886 8.599 10.699 2.261 2.937 3.797 4.887 6.261 7.988 10.147 12.839 2.397 3.172 4.177 5,474 7.138 9.266 11.974 15.407 3.2074661 6.727 9.646 13.743 19.461 27.393 38.338 4.292 6 848 10.83517.000 26.462 40.874 62.669 95.396 5.743 10.063 17 449 29.960 50.950 85.850 143.371 237 376 10.286 21.725 45.25993.051 188.884 378.721 750 378 1.469772 1.220 1282 1.348 1.489 1.486 1 641 1.811 2.208 Use the NPV method to determine whether Smith Products should invest in the following projects. Project A costs $275,000 and offers seven annual net cash inflows of $62,000. Smith Products requires an annual return of 16% on projects like A. Project costs $390.000 and offers nine annual net cash inflows of $89,000. Smith Products demands an annual return of 14% on investments of this nature. Click the icon to view the present value annuity table) (Click the icon to view the present value table.). (Click the icon to view the future value annuity table.) (Click the icon to view the future value table.) Requirement What is the NPV of each project? What is the maximum acceptable price to pay for each project Calculate the NPV of each project (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.) The NPV of Projects ke A so Present Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.9090.893 0.877 0.862 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 Period 3 2.941 2.884 2.829 2.775 2.723 26732577 2.487 2 402 2322 2.246 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2914 2.798 Period 5 4.853 4713 4.580 4.452 4.3294212 3.993 3.791 3.605 3.433 3.274 Period 6 5.795 5.601 5.417 5242 5.076 49174.623 4.355 4.111 3.889 3.685 Period 7 6.728 6 472 6.230 6.0025.786 5.5825.206 4.86845644 288 4.039 Period 8 7.65273257.020 6.7336.463 6.210 5.747 5.335 4.968 4.639 4,344 Period 9 8.566 8.1627.786 7.435 7 108 6.802 6.247 5.759 5.328 4.946 4.607 Period 10 9.471 8.983 8.530 8.1117.722 7.360 6.710 6.145 5.650 5.216 4.833 Period 11 10.368 9.787 9.2538.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 Period 12 11 255 10.575 9.9549.385 8.863 8.384 7.536 6.814 6.194 5.660 5.197 Period 1312. 134 11.348 10.635 9.9869.394 8.853 7.904 7.103 6.424 5.842 5.342 Period 14 13.004 12 106 111.296 10.563 9.899 9.2958.244 1 73676.6286002 5.468 18% 0.847 1.566 2.174 2.690 3.127 3.498 3.812 4.078 4.303 4.494 20% 0.833 1.528 2.106 2.589 2 991 blue 3.326 3.605 3.837 4.031 4.192 4.656 4.793 4.910 5.008 4.327 4.439 4.533 4.611 2.589 2.991 3.326 3.605 3.837 4.031 4.192 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 Period 5 4.853 4.713 4.580 4.452 4.3294212 3.993 3.791 3.605 3.433 3.274 3.127 Period 6 5.795 5.601 5.417 5.2425.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 Period 7 6.728 6.472 6.230 6.002 5.786 5.5825.206 4.868 4.564 4.288 4.039 3.812 Period 8 7.652 7.325 7.0206.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 Period 9 8.566 8.1627.786 7.435 7.108 6.8026.247 5.759 5.328 4.946 4.607 4.303 Period 10 9.471 8.983 8.530 8.111 7.7227.360 6.710 6.145 5.6505.216 4.833 4.494 Period 11 10.368 9.787 9.2538.760 8.306 7.887 7.139 6.495 5.938 5.453 5.0294.656 Period 12 11.255 10.575 9.954 9.385 8.8638.384 7.536 6.814 6.194 5.660 5.197 4.793 Period 13 12.134 11.348 10.635 9.986 9.3948.853 7.904 7.103 6.424 5.842 5.342 4.910 Period 14 13.004 12.106 11.296 10.563 9.899 9.2958.244 7.3676.628 6.002 5.468 5.008 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 6.142 5.575 5.092 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.4696.623 5.929 5.353 Period 25 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 7.843 6.873 6.097 5.467 Period 30 25,808 22 396 19.600 17.292 15.372 13.765 11.258 9.4278.055 7.003 6.177 5,517 Period 40 32.835 27 355 23.115 19.793 17.159 15.046 11.925 9.779 8,244 7.105 6.233 5.548 4.327 4.439 4.533 4.611 4.675 4.870 4.948 4.979 4.997 Lid Reference - X pn He the 5 S natur on on Periods Period 1 Period 2 Period 3 Period 4 Period 5 14% 1.000 2.140 3,440 4.921 6.610 16% 1.000 2 160 3.506 5,066 6.877 of Period 6 Period 7 Period 8 Period 9 Period 10 Future Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 1.000 1.000 1.000 1.000 1.000 1000 1000 1.000 1.000 2.010 2.020 2.030 2040 2.050 2060 2080 2100 2 120 3030 3.060 3.091 3.122 3.153 3.184 3246 3.310 3.374 4060 4.122 4,184 4.246 4310 4375 4 506 4.641 4.779 5.101 5.204 5,309 5,416 5.526 5,637 5867 6.105 6.353 6.152 6,308 6.468 6,633 6.802 6.975 7.336 7.716 8.115 7214 7434 7,662 7.898 8.142 8.394 8.923 9.487 10.089 8 286 8,583 8.892 9214 9.549 9.897 10.637 11.436 12.300 9.369 9.755 10.159 10.583 11.027 11.4911248813.579 14.776 10.462 10.950 11.464 12.006 12 578 13.1811448715.937 17.549 11.567 12. 169 12808 13.48614207 14.97216645 18.531 20.655 12.683 13.412 14.192 15.026 1591716,870 18 977 21 384 24.133 13 809 14.680 15.618 16.62717 71318.882 21.495 24.523 28 029 14 94715.97417086 18.292 | 19599 21.015 24215 | 27.975 32.393 8.536 10.730 13 233 16.085 19.337 8.977 11.414 14.240 17519 21.321 25.733 30.850 36.786 43.672 18% 1.000 2.180 3.572 5.215 7.154 9.442 12.142 15.327 19.086 23,521 28.755 34.931 42.219 50.818 ed 20% 1.000 2.200 3.640 5.368 7.442 9.930 12.916 16,499 20.799 25.959 32.150 39.581 48.497 59 196 Period 11 Period 12 Period 13 Period 14 23.045 27 271 32 089 37581 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 4,060 4.122 4.184 4.246 4310 4 375 4.506 4.641 4.779 4921 5.066 5.215 5.368 5.101 5.204 5.309 5.416 5.526 5.637 5.867 6.105 6.353 6.610 6.877 7.154 7.442 6.152 6.308 6.468 6.633 6.802 6.975 7.336 7.716 8.115 8,536 8.977 9.442 9.930 7.214 7.434 7.662 7898 8.142 8.394 8.923 9.487 10.089 10.730 11.414 12.142 12.916 8.286 8.583 8.892 9.214 9.549 9.897 10.637 11.436 12.300 13.233 14.240 15.327 16.499 9.369 9.755 10.159 10.583 11.027 11.491 12.488 13.579 14.776 16.085 17.519 19.086 20.799 10.462 10.950 11.464 12.006 12.578 13.181 14 487 15.93717 549 19.337 21.321 23.521 25.959 11.567 12.169 12.808 13,486 14.207 14.972 16.645 18.531 20655 23.045 25.733 28.755 32.150 12 683 13.412 14.192 15.026 15.917 16.870 18,977 21.384 24.133 27 271 30.850 34.931 39.581 13.809 14.680 15.618 16.627 17.713 18.882 21.495 24.523 28.029 32.089 36.786 42.219 48.497 14.94715.974 17086 18.292 19.599 21.015 24.215 27.975 32 393 37.581 43.672 50.818 59.196 16.09717 293 18,599 20.024 | 21.579 23.276 27 152 31.772 37.280 43.842 51.660 60.965 72.035 22.019 24.297 26,870 29.778 33.066 36.786 45.762 57 27572052 91.025 115.380 146.628 186.688 28 243 32 03036.459 41.646 47.727 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471,981 34.785 40.568 47.575 56.085 66.43979.058 113.283 164.494 241.333 356.787 530.312 790.948 1,181.882 48.886 60.402 75.401 95.026 120.800 154.762 259.057 442.593 767.091 1,342 025 2.360.757 4,163.2137.343.858 Period 20 Period 25 Period 30 Period 40 0 Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.9090.893 0.877 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.8570.826 0.797 0.769 0.743 0.7180.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.456 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.7600.7110.665 0.583 0.513 0.452 0.400 0.3540.3140.279 Period 8 0.923 0.853 0.789 0731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0233 Period 9 0.914 0.837 0.766 0.703 0.6450.5920.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 Period 110.896 0.8040.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.4690.368 0.290 0.229 0.182 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0442 0.340 0263 0 205 0.160 0.125 0.099 0.078 Period 0.99 Period 8 0.923 0.853 0.789 0.731 0.677 0.6270.540 0.467 0.404 0.3510.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.6450.5920.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 Period 110.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Period 12 0.8870.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.168 0.1370.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.229 0.1820.145 0.116 0.093 Period 140.870 0.758 0.661 0.577 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 Period 20 0.820 0.673 0.554 0.456 0.377 0.3120.215 0.149 0.104 0.073 0.051 0.037 0.026 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.0590.038 0.024 0.016 0.010 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 0.099 0.057 0.033 0.020 0.0120.007 0.004 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 Future Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1,093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 8% 1.080 1.166 1.260 1.360 1.469 10% 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 16% 1.160 1.346 1.561 1.811 2.100 18% 1.180 1.392 1.643 1.939 2 288 2.700 3.185 3.759 4.435 5.234 20% 1.200 1.440 1.728 2 074 2.488 P. 1.062 1.072 1.083 1094 1.105 1.126 1.149 1.172 1.195 1219 1.194 1.230 1.267 1.305 1.344 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 1265 1.316 1.369 1.423 1480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.587 1.714 1.851 1.999 2.159 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 2.436 2.826 3.278 3.803 4.411 2.986 3.583 4.300 5.160 6.192 1.116 1.127 1.138 1 149 1.243 1.268 1.294 1.319 1.384 1.426 1.469 1.513 1.539 1.601 1.665 1.732 1.710 1.796 1.886 1.980 1.898 2012 2.133 2.261 2332 2518 2.720 2.937 2.853 3.138 3.452 3.797 3.479 3.896 4.363 4.887 4.226 4.818 5.492 6.261 5.117 5.936 6.886 7 988 6.176 7.288 8.599 10 147 7.430 8.916 10.699 12 839 1.094 1.105 1.195 1.219 1.305 1 344 1.423 1.480 1.551 1.629 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 20 Period 25 Period 30 Period 40 1 116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1 346 1,384 1.426 1.469 1.513 1.558 1.806 2094 2.427 3.262 1.539 1601 1.665 1732 1.801 2.191 2.666 3.243 4801 1.710 1.796 1.886 1.980 2.079 2.653 3.386 4.322 7.040 1.689 1.999 2358 2.773 3.252 3.805 4.453 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 1.898 2.332 2.853 3.479 4.226 5.117 6.176 7.430 2012 2.518 3.138 3.896 4.818 5.936 7 288 8.916 2.133 2.720 3.452 4.363 5.492 6.886 8.599 10.699 2.261 2.937 3.797 4.887 6.261 7.988 10.147 12.839 2.397 3.172 4.177 5,474 7.138 9.266 11.974 15.407 3.2074661 6.727 9.646 13.743 19.461 27.393 38.338 4.292 6 848 10.83517.000 26.462 40.874 62.669 95.396 5.743 10.063 17 449 29.960 50.950 85.850 143.371 237 376 10.286 21.725 45.25993.051 188.884 378.721 750 378 1.469772 1.220 1282 1.348 1.489 1.486 1 641 1.811 2.208