Year

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
40
50

Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30

1%
1.010
1.020
1.030
1.041
1.051
1.062
1.072
1.083
1.094
1.105
1.116
1.127
1.138
1.149
1.161
1.173
1.184
1.196
1.208
1.220
1.282
1.348
1.489
1.645

1%
1.000
2.010
3.030
4.060
5.101
6.152
7.214
8.286
9.369
10.462
11.567
12.683
13.809
14.947
16.097
17.258
18.430
19.615
20.811
22.019
28.243
34.785

2%
1.020
1.040
1.061
1.082
1.104
1.126
1.149
1.172
1.195
1.219
1.243
1.268
1.294
1.319
1.346
1.373
1.400
1.428
1.457
1.486
1.641
1.811
2.208
2.692

2%
1.000
2.020
3.060
4.122
5.204
6.308
7.434
8.583
9.755
10.950
12.169
13.412
14.680
15.974
17.293
18.639
20.012
21.412
22.841
24.297
32.030
40.568

3%
1.030
1.061
1.093
1.126
1.159
1.194
1.230
1.267
1.305
1.344
1.384
1.426
1.469
1.513
1.558
1.605
1.653
1.702
1.754
1.806
2.094
2.427
3.262
4.384

3%
1.000
2.030
3.091
4.184
5.309
6.468
7.662
8.892
10.159
11.464
12.808
14.192
15.618
17.086
18.599
20.157
21.762
23.414
25.117
26.870
36.459
47.575

4%
1.040
1.082
1.125
1.170
1.217
1.265
1.316
1.369
1.423
1.480
1.539
1.601
1.665
1.732
1.801
1.873
1.948
2.026
2.107
2.191
2.666
3.243
4.801
7.107

4%
1.000
2.040
3.122
4.246
5.416
6.633
7.898
9.214
10.583
12.006
13.486
15.026
16.627
18.292
20.024
21.825
23.698
25.645
27.671
29.778
41.646
56.085

5%
1.050
1.103
1.158
1.216
1.276
1.340
1.407
1.477
1.551
1.629
1.710
1.796
1.886
1.980
2.079
2.183
2.292
2.407
2.527
2.653
3.386
4.322
7.040
11.467

5%
1.000
2.050
3.153
4.310
5.526
6.802
8.142
9.549
11.027
12.578
14.207
15.917
17.713
19.599
21.579
23.657
25.840
28.132
30.539
33.066
47.727
66.439

6%
1.060
1.124
1.191
1.262
1.338
1.419
1.504
1.594
1.689
1.791
1.898
2.012
2.133
2.261
2.397
2.540
2.693
2.854
3.026
3.207
4.292
5.743
10.286
18.420

6%
1.000
2.060
3.184
4.375
5.637
6.975
8.394
9.897
11.491
13.181
14.972
16.870
18.882
21.015
23.276
25.673
28.213
30.906
33.760
36.786
54.865
79.058

7%
1.070
1.145
1.225
1.311
1.403
1.501
1.606
1.718
1.838
1.967
2.105
2.252
2.410
2.579
2.759
2.952
3.159
3.380
3.617
3.870
5.427
7.612
14.974
29.457

8%
1.080
1.166
1.260
1.360
1.469
1.587
1.714
1.851
1.999
2.159
2.332
2.518
2.720
2.937
3.172
3.426
3.700
3.996
4.316
4.661
6.848
10.063
21.725
46.902

7%
8%
1.000
1.000
2.070
2.080
3.215
3.246
4.440
4.506
5.751
5.867
7.153
7.336
8.654
8.923
10.260 10.637
11.978 12.488
13.816 14.487
15.784 16.645
17.888 18.977
20.141 21.495
22.550 24.215
25.129 27.152
27.888 30.324
30.840 33.750
33.999 37.450
37.379 41.446
40.995 45.762
63.249 73.106
94.461 113.283

9%
1.090
1.188
1.295
1.412
1.539
1.677
1.828
1.993
2.172
2.367
2.580
2.813
3.066
3.342
3.642
3.970
4.328
4.717
5.142
5.604
8.623
13.268
31.409
74.358

10%
1.100
1.210
1.331
1.464
1.611
1.772
1.949
2.144
2.358
2.594
2.853
3.138
3.452
3.797
4.177
4.595
5.054
5.560
6.116
6.727
10.835
17.449
45.259
117.391

Table B: Compound Value of a

Interest Rate
9%
10%
1.000
1.000
2.090
2.100
3.278
3.310
4.573
4.641
5.985
6.105
7.523
7.716
9.200
9.487
11.028
11.436
13.021
13.579
15.193
15.937
17.560
18.531
20.141
21.384
22.953
24.523
26.019
27.975
29.361
31.772
33.003
35.950
36.974
40.545
41.301
45.599
46.018
51.159
51.160
57.275
84.701
98.347
136.308 164.494

40
50

48.886
64.463

60.402 75.401 95.026 120.800 154.762 199.635 259.057 337.882 442.593

84.579 112.797 152.667 209.348 290.336 406.529 573.770 815.084 1163.909

11%
1.110
1.232
1.368
1.518
1.685
1.870
2.076
2.305
2.558
2.839
3.152
3.498
3.883
4.310
4.785
5.311
5.895
6.544
7.263
8.062
13.585
22.892
65.001
184.565

12%
1.120
1.254
1.405
1.574
1.762
1.974
2.211
2.476
2.773
3.106
3.479
3.896
4.363
4.887
5.474
6.130
6.866
7.690
8.613
9.646
17.000
29.960
93.051
289.002

Table A: Compound Value Factor of a Lump Sum of Re 1

Interest
13%
14%
15%
16%
17%
18%
1.130
1.140
1.150
1.160
1.170
1.180
1.277
1.300
1.323
1.346
1.369
1.392
1.443
1.482
1.521
1.561
1.602
1.643
1.630
1.689
1.749
1.811
1.874
1.939
1.842
1.925
2.011
2.100
2.192
2.288
2.082
2.195
2.313
2.436
2.565
2.700
2.353
2.502
2.660
2.826
3.001
3.185
2.658
2.853
3.059
3.278
3.511
3.759
3.004
3.252
3.518
3.803
4.108
4.435
3.395
3.707
4.046
4.411
4.807
5.234
3.836
4.226
4.652
5.117
5.624
6.176
4.335
4.818
5.350
5.936
6.580
7.288
4.898
5.492
6.153
6.886
7.699
8.599
5.535
6.261
7.076
7.988
9.007
10.147
6.254
7.138
8.137
9.266
10.539
11.974
7.067
8.137
9.358
10.748
12.330
14.129
7.986
9.276
10.761
12.468
14.426
16.672
9.024
10.575
12.375
14.463
16.879
19.673
10.197
12.056
14.232
16.777
19.748
23.214
11.523
13.743
16.367
19.461
23.106
27.393
21.231
26.462
32.919
40.874
50.658
62.669
39.116
50.950
66.212
85.850
111.065
143.371
132.782 188.884 267.864
378.721
533.869
750.378
450.736 700.233 1083.657 1670.704 2566.215 3927.357

able B: Compound Value of an Annuity of Re 1

Interest Rate
11%
12%
13%
14%
1.000
1.000
1.000
1.000
2.110
2.120
2.130
2.140
3.342
3.374
3.407
3.440
4.710
4.779
4.850
4.921
6.228
6.353
6.480
6.610
7.913
8.115
8.323
8.536
9.783
10.089
10.405
10.730
11.859
12.300
12.757
13.233
14.164
14.776
15.416
16.085
16.722
17.549
18.420
19.337
19.561
20.655
21.814
23.045
22.713
24.133
25.650
27.271
26.212
28.029
29.985
32.089
30.095
32.393
34.883
37.581
34.405
37.280
40.417
43.842
39.190
42.753
46.672
50.980
44.501
48.884
53.739
59.118
50.396
55.750
61.725
68.394
56.939
63.440
70.749
78.969
64.203
72.052
80.947
91.025
114.413 133.334 155.620 181.871
199.021 241.333 293.199 356.787

15%
1.000
2.150
3.473
4.993
6.742
8.754
11.067
13.727
16.786
20.304
24.349
29.002
34.352
40.505
47.580
55.717
65.075
75.836
88.212
102.444
212.793
434.745

16%
1.000
2.160
3.506
5.066
6.877
8.977
11.414
14.240
17.519
21.321
25.733
30.850
36.786
43.672
51.660
60.925
71.673
84.141
98.603
115.380
249.214
530.312

17%
1.000
2.170
3.539
5.141
7.014
9.207
11.772
14.773
18.285
22.393
27.200
32.824
39.404
47.103
56.110
66.649
78.979
93.406
110.285
130.033
292.105
647.439

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
60.965
72.939
87.068
103.740
123.414
146.628
342.603
790.948

19%
1.190
1.416
1.685
2.005
2.386
2.840
3.379
4.021
4.785
5.695
6.777
8.064
9.596
11.420
13.590
16.172
19.244
22.901
27.252
32.429
77.388
184.675
1051.668
5988.914

19%
1.000
2.190
3.606
5.291
7.297
9.683
12.523
15.902
19.923
24.709
30.404
37.180
45.244
54.841
66.261
79.850
96.022
115.266
138.166
165.418
402.042
966.712

581.826 767.091 1013.704 1342.025 1779.090 2360.757 3134.522 4163.213 5529.829

1668.771 2400.018 3459.507 4994.521 7217.716 10435.649 15089.502 21813.094 31515.336

20%
21%
22%
1.200
1.210
1.220
1.440
1.464
1.488
1.728
1.772
1.816
2.074
2.144
2.215
2.488
2.594
2.703
2.986
3.138
3.297
3.583
3.797
4.023
4.300
4.595
4.908
5.160
5.560
5.987
6.192
6.727
7.305
7.430
8.140
8.912
8.916
9.850
10.872
10.699
11.918
13.264
12.839
14.421
16.182
15.407
17.449
19.742
18.488
21.114
24.086
22.186
25.548
29.384
26.623
30.913
35.849
31.948
37.404
43.736
38.338
45.259
53.358
95.396
117.391
144.210
237.376
304.482
389.758
1469.772 2048.400 2847.038
9100.438 13780.612 20796.561

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
72.035
87.442
105.931
128.117
154.740
186.688
471.981
1181.882

21%
1.000
2.210
3.674
5.446
7.589
10.183
13.321
17.119
21.714
27.274
34.001
42.142
51.991
63.909
78.330
95.780
116.894
142.441
173.354
210.758
554.242
1445.151

22%
1.000
2.220
3.708
5.524
7.740
10.442
13.740
17.762
22.670
28.657
35.962
44.874
55.746
69.010
85.192
104.935
129.020
158.405
194.254
237.989
650.955
1767.081

23%
1.230
1.513
1.861
2.289
2.815
3.463
4.259
5.239
6.444
7.926
9.749
11.991
14.749
18.141
22.314
27.446
33.759
41.523
51.074
62.821
176.859
497.913
3946.430
31279.195

24%
1.240
1.538
1.907
2.364
2.932
3.635
4.508
5.590
6.931
8.594
10.657
13.215
16.386
20.319
25.196
31.243
38.741
48.039
59.568
73.864
216.542
634.820
5455.913
46890.435

25%
1.250
1.563
1.953
2.441
3.052
3.815
4.768
5.960
7.451
9.313
11.642
14.552
18.190
22.737
28.422
35.527
44.409
55.511
69.389
86.736
264.698
807.794
7523.164
70064.923

23%
1.000
2.230
3.743
5.604
7.893
10.708
14.171
18.430
23.669
30.113
38.039
47.788
59.779
74.528
92.669
114.983
142.430
176.188
217.712
268.785
764.605
2160.491

24%
1.000
2.240
3.778
5.684
8.048
10.980
14.615
19.123
24.712
31.643
40.238
50.895
64.110
80.496
100.815
126.011
157.253
195.994
244.033
303.601
898.092
2640.916

25%
1.000
2.250
3.813
5.766
8.207
11.259
15.073
19.842
25.802
33.253
42.566
54.208
68.760
86.949
109.687
138.109
173.636
218.045
273.556
342.945
1054.791
3227.174

30%
40%
1.300
1.400
1.690
1.960
2.197
2.744
2.856
3.842
3.713
5.378
4.827
7.530
6.275
10.541
8.157
14.758
10.604
20.661
13.786
28.925
17.922
40.496
23.298
56.694
30.288
79.371
39.374
111.120
51.186
155.568
66.542
217.795
86.504
304.913
112.455
426.879
146.192
597.630
190.050
836.683
705.641
4499.880
2619.996
24201.432
36118.865
700037.697
497929.223 20248916.240

30%
1.000
2.300
3.990
6.187
9.043
12.756
17.583
23.858
32.015
42.619
56.405
74.327
97.625
127.913
167.286
218.472
285.014
371.518
483.973
630.165
2348.803
8729.985

40%
1.000
2.400
4.360
7.104
10.946
16.324
23.853
34.395
49.153
69.814
98.739
139.235
195.929
275.300
386.420
541.988
759.784
1064.697
1491.576
2089.206
11247.199
60501.081

7343.858 9749.525 12936.535 17154.046 22728.803 30088.655 120392.883 1750091.741

45497.191 65617.202 94525.279 135992.154 195372.644 280255.693 1659760.743 50622288.099

Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
40
50

Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

1%
0.990
0.980
0.971
0.961
0.951
0.942
0.933
0.923
0.914
0.905
0.896
0.887
0.879
0.870
0.861
0.853
0.844
0.836
0.828
0.820
0.780
0.742
0.672
0.608

1%
0.9901
1.9704
2.9410
3.9020
4.8534
5.7955
6.7282
7.6517
8.5660
9.4713
10.3676
11.2551
12.1337
13.0037
13.8651
14.7179
15.5623
16.3983
17.2260

2%
0.980
0.961
0.942
0.924
0.906
0.888
0.871
0.853
0.837
0.820
0.804
0.788
0.773
0.758
0.743
0.728
0.714
0.700
0.686
0.673
0.610
0.552
0.453
0.372

2%
0.9804
1.9416
2.8839
3.8077
4.7135
5.6014
6.4720
7.3255
8.1622
8.9826
9.7868
10.5753
11.3484
12.1062
12.8493
13.5777
14.2919
14.9920
15.6785

3%
0.971
0.943
0.915
0.888
0.863
0.837
0.813
0.789
0.766
0.744
0.722
0.701
0.681
0.661
0.642
0.623
0.605
0.587
0.570
0.554
0.478
0.412
0.307
0.228

3%
0.9709
1.9135
2.8286
3.7171
4.5797
5.4172
6.2303
7.0197
7.7861
8.5302
9.2526
9.9540
###
###
###
###
###
###
###

4%
0.962
0.925
0.889
0.855
0.822
0.790
0.760
0.731
0.703
0.676
0.650
0.625
0.601
0.577
0.555
0.534
0.513
0.494
0.475
0.456
0.375
0.308
0.208
0.141

4%
0.9615
1.8861
2.7751
3.6299
4.4518
5.2421
6.0021
6.7327
7.4353
8.1109
8.7605
9.3851
9.9856
###
###
###
###
###
###

5%
0.952
0.907
0.864
0.823
0.784
0.746
0.711
0.677
0.645
0.614
0.585
0.557
0.530
0.505
0.481
0.458
0.436
0.416
0.396
0.377
0.295
0.231
0.142
0.087

5%
0.9524
1.8594
2.7232
3.5460
4.3295
5.0757
5.7864
6.4632
7.1078
7.7217
8.3064
8.8633
9.3936
9.8986
10.3797
10.8378
11.2741
11.6896
12.0853

Table C: Present Value Factor of a Lump Sum of Re 1

Interest Rate
6%
7%
8%
9%
10%
0.943
0.935
0.926
0.917
0.909
0.890
0.873
0.857
0.842
0.826
0.840
0.816
0.794
0.772
0.751
0.792
0.763
0.735
0.708
0.683
0.747
0.713
0.681
0.650
0.621
0.705
0.666
0.630
0.596
0.564
0.665
0.623
0.583
0.547
0.513
0.627
0.582
0.540
0.502
0.467
0.592
0.544
0.500
0.460
0.424
0.558
0.508
0.463
0.422
0.386
0.429
0.388
0.350
0.527
0.475
0.397
0.356
0.319
0.497
0.444
0.368
0.326
0.290
0.469
0.415
0.340
0.299
0.263
0.442
0.388
0.315
0.275
0.239
0.417
0.362
0.292
0.252
0.218
0.394
0.339
0.270
0.231
0.198
0.371
0.317
0.250
0.212
0.180
0.350
0.296
0.232
0.194
0.164
0.331
0.277
0.215
0.178
0.149
0.312
0.258
0.146
0.116
0.092
0.233
0.184
0.099
0.075
0.057
0.174
0.131
0.046
0.032
0.022
0.097
0.067
0.021
0.013
0.009
0.054
0.034

6%
0.9434
1.8334
2.6730
3.4651
4.2124
4.9173
5.5824
6.2098
6.8017
7.3601
7.8869
8.3838
8.8527
9.2950
9.7122
10.1059
10.4773
10.8276
11.1581

7%
0.9346
1.8080
2.6243
3.3872
4.1002
4.7665
5.3893
5.9713
6.5152
7.0236
7.4987
7.9427
8.3577
8.7455
9.1079
9.4466
9.7632
10.0591
10.3356

8%
0.9259
1.7833
2.5771
3.3121
3.9927
4.6229
5.2064
5.7466
6.2469
6.7101
7.1390
7.5361
7.9038
8.2442
8.5595
8.8514
9.1216
9.3719
9.6036

Table D: Present Value Factor of an

Interest Rate
9%
10%
0.9174 0.9091
1.7591 1.7355
2.5313 2.4869
3.2397 3.1699
3.8897 3.7908
4.4859 4.3553
5.0330 4.8684
5.5348 5.3349
5.9952 5.7590
6.4177 6.1446
6.8052 6.4951
7.1607 6.8137
7.4869 7.1034
7.7862 7.3667
8.0607 7.6061
8.3126 7.8237
8.5436 8.0216
8.7556 8.2014
8.9501 8.3649

20
25
30
40
50

18.0456
22.0232
25.8077
32.8347
39.1961

16.3514
19.5235
22.3965
27.3555
31.4236

###
###
###
###
###

###
###
###
###
###

12.4622
14.0939
15.3725
17.1591
18.2559

11.4699
12.7834
13.7648
15.0463
15.7619

10.5940
11.6536
12.4090
13.3317
13.8007

9.8181
10.6748
11.2578
11.9246
12.2335

9.1285
9.8226
10.2737
10.7574
10.9617

8.5136
9.0770
9.4269
9.7791
9.9148

tor of a Lump Sum of Re 1

t Rate
11%
12%
0.901
0.893
0.812
0.797
0.731
0.712
0.659
0.636
0.593
0.567
0.535
0.507
0.482
0.452
0.434
0.404
0.391
0.361
0.352
0.322
0.317
0.287
0.286
0.257
0.258
0.229
0.232
0.205
0.209
0.183
0.188
0.163
0.170
0.146
0.153
0.130
0.138
0.116
0.124
0.104
0.074
0.059
0.044
0.033
0.015
0.011
0.005
0.003

13%
0.885
0.783
0.693
0.613
0.543
0.480
0.425
0.376
0.333
0.295
0.261
0.231
0.204
0.181
0.160
0.141
0.125
0.111
0.098
0.087
0.047
0.026
0.008
0.002

14%
0.877
0.769
0.675
0.592
0.519
0.456
0.400
0.351
0.308
0.270
0.237
0.208
0.182
0.160
0.140
0.123
0.108
0.095
0.083
0.073
0.038
0.020
0.005
0.001

le D: Present Value Factor of an Annuity of Re 1

Interest Rate
11%
12%
13%
14%
0.9009
0.8929
0.8850
0.8772
1.7125
1.6901
1.6681
1.6467
2.4437
2.4018
2.3612
2.3216
3.1024
3.0373
2.9745
2.9137
3.6959
3.6048
3.5172
3.4331
4.2305
4.1114
3.9975
3.8887
4.7122
4.5638
4.4226
4.2883
5.1461
4.9676
4.7988
4.6389
5.5370
5.3282
5.1317
4.9464
5.8892
5.6502
5.4262
5.2161
6.2065
5.9377
5.6869
5.4527
6.4924
6.1944
5.9176
5.6603
6.7499
6.4235
6.1218
5.8424
6.9819
6.6282
6.3025
6.0021
7.1909
6.8109
6.4624
6.1422
7.3792
6.9740
6.6039
6.2651
7.5488
7.1196
6.7291
6.3729
7.7016
7.2497
6.8399
6.4674
7.8393
7.3658
6.9380
6.5504

15%
0.870
0.756
0.658
0.572
0.497
0.432
0.376
0.327
0.284
0.247
0.215
0.187
0.163
0.141
0.123
0.107
0.093
0.081
0.070
0.061
0.030
0.015
0.004
0.001

15%
0.8696
1.6257
2.2832
2.8550
3.3522
3.7845
4.1604
4.4873
4.7716
5.0188
5.2337
5.4206
5.5831
5.7245
5.8474
5.9542
6.0472
6.1280
6.1982

16%
0.862
0.743
0.641
0.552
0.476
0.410
0.354
0.305
0.263
0.227
0.195
0.168
0.145
0.125
0.108
0.093
0.080
0.069
0.060
0.051
0.024
0.012
0.003
0.001

16%
0.8621
1.6052
2.2459
2.7982
3.2743
3.6847
4.0386
4.3436
4.6065
4.8332
5.0286
5.1971
5.3423
5.4675
5.5755
5.6685
5.7487
5.8178
5.8775

17%
0.855
0.731
0.624
0.534
0.456
0.390
0.333
0.285
0.243
0.208
0.178
0.152
0.130
0.111
0.095
0.081
0.069
0.059
0.051
0.043
0.020
0.009
0.002
0.000

17%
0.8547
1.5852
2.2096
2.7432
3.1993
3.5892
3.9224
4.2072
4.4506
4.6586
4.8364
4.9884
5.1183
5.2293
5.3242
5.4053
5.4746
5.5339
5.5845

18%
0.847
0.718
0.609
0.516
0.437
0.370
0.314
0.266
0.225
0.191
0.162
0.137
0.116
0.099
0.084
0.071
0.060
0.051
0.043
0.037
0.016
0.007
0.001
0.000

18%
0.8475
1.5656
2.1743
2.6901
3.1272
3.4976
3.8115
4.0776
4.3030
4.4941
4.6560
4.7932
4.9095
5.0081
5.0916
5.1624
5.2223
5.2732
5.3162

19%
0.840
0.706
0.593
0.499
0.419
0.352
0.296
0.249
0.209
0.176
0.148
0.124
0.104
0.088
0.074
0.062
0.052
0.044
0.037
0.031
0.013
0.005
0.001
0.000

19%
0.8403
1.5465
2.1399
2.6386
3.0576
3.4098
3.7057
3.9544
4.1633
4.3389
4.4865
4.6105
4.7147
4.8023
4.8759
4.9377
4.9897
5.0333
5.0700

7.9633
8.4217
8.6938
8.9511
9.0417

7.4694
7.8431
8.0552
8.2438
8.3045

7.0248
7.3300
7.4957
7.6344
7.6752

6.6231
6.8729
7.0027
7.1050
7.1327

6.2593
6.4641
6.5660
6.6418
6.6605

5.9288
6.0971
6.1772
6.2335
6.2463

5.6278
5.7662
5.8294
5.8713
5.8801

5.3527
5.4669
5.5168
5.5482
5.5541

5.1009
5.1951
5.2347
5.2582
5.2623

20%
0.833
0.694
0.579
0.482
0.402
0.335
0.279
0.233
0.194
0.162
0.135
0.112
0.093
0.078
0.065
0.054
0.045
0.038
0.031
0.026
0.010
0.004
0.001
0.000

20%
0.8333
1.5278
2.1065
2.5887
2.9906
3.3255
3.6046
3.8372
4.0310
4.1925
4.3271
4.4392
4.5327
4.6106
4.6755
4.7296
4.7746
4.8122
4.8435

21%
0.826
0.683
0.564
0.467
0.386
0.319
0.263
0.218
0.180
0.149
0.123
0.102
0.084
0.069
0.057
0.047
0.039
0.032
0.027
0.022
0.009
0.003
0.000
0.000

21%
0.8264
1.5095
2.0739
2.5404
2.9260
3.2446
3.5079
3.7256
3.9054
4.0541
4.1769
4.2784
4.3624
4.4317
4.4890
4.5364
4.5755
4.6079
4.6346

22%
0.820
0.672
0.551
0.451
0.370
0.303
0.249
0.204
0.167
0.137
0.112
0.092
0.075
0.062
0.051
0.042
0.034
0.028
0.023
0.019
0.007
0.003
0.000
0.000

22%
0.8197
1.4915
2.0422
2.4936
2.8636
3.1669
3.4155
3.6193
3.7863
3.9232
4.0354
4.1274
4.2028
4.2646
4.3152
4.3567
4.3908
4.4187
4.4415

23%
0.813
0.661
0.537
0.437
0.355
0.289
0.235
0.191
0.155
0.126
0.103
0.083
0.068
0.055
0.045
0.036
0.030
0.024
0.020
0.016
0.006
0.002
0.000
0.000

23%
0.8130
1.4740
2.0114
2.4483
2.8035
3.0923
3.3270
3.5179
3.6731
3.7993
3.9018
3.9852
4.0530
4.1082
4.1530
4.1894
4.2190
4.2431
4.2627

24%
0.806
0.650
0.524
0.423
0.341
0.275
0.222
0.179
0.144
0.116
0.094
0.076
0.061
0.049
0.040
0.032
0.026
0.021
0.017
0.014
0.005
0.002
0.000
0.000

24%
0.8065
1.4568
1.9813
2.4043
2.7454
3.0205
3.2423
3.4212
3.5655
3.6819
3.7757
3.8514
3.9124
3.9616
4.0013
4.0333
4.0591
4.0799
4.0967

25%
0.800
0.640
0.512
0.410
0.328
0.262
0.210
0.168
0.134
0.107
0.086
0.069
0.055
0.044
0.035
0.028
0.023
0.018
0.014
0.012
0.004
0.001
0.000
0.000

25%
0.8000
1.4400
1.9520
2.3616
2.6893
2.9514
3.1611
3.3289
3.4631
3.5705
3.6564
3.7251
3.7801
3.8241
3.8593
3.8874
3.9099
3.9279
3.9424

30%
0.769
0.592
0.455
0.350
0.269
0.207
0.159
0.123
0.094
0.073
0.056
0.043
0.033
0.025
0.020
0.015
0.012
0.009
0.007
0.005
0.001
0.000
0.000
0.000

40%
0.714
0.510
0.364
0.260
0.186
0.133
0.095
0.068
0.048
0.035
0.025
0.018
0.013
0.009
0.006
0.005
0.003
0.002
0.002
0.001
0.000
0.000
0.000
0.000

30%
0.7692
1.3609
1.8161
2.1662
2.4356
2.6427
2.8021
2.9247
3.0190
3.0915
3.1473
3.1903
3.2233
3.2487
3.2682
3.2832
3.2948
3.3037
3.3105

40%
0.7143
1.2245
1.5889
1.8492
2.0352
2.1680
2.2628
2.3306
2.3790
2.4136
2.4383
2.4559
2.4685
2.4775
2.4839
2.4885
2.4918
2.4941
2.4958

4.8696
4.9476
4.9789
4.9966
4.9995

4.6567
4.7213
4.7463
4.7596
4.7616

4.4603
4.5139
4.5338
4.5439
4.5452

4.2786
4.3232
4.3391
4.3467
4.3477

4.1103
4.1474
4.1601
4.1659
4.1666

3.9539
3.9849
3.9950
3.9995
3.9999

3.3158
3.3286
3.3321
3.3332
3.3333

2.4970
2.4994
2.4999
2.5000
2.5000

Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25
30
40
50

1%
1.0101
1.0202
1.0305
1.0408
1.0513
1.0618
1.0725
1.0833
1.0942
1.1052
1.1163
1.1275
1.1388
1.1503
1.1618
1.1735
1.1853
1.1972
1.2092
1.2214
1.2840
1.3499
1.4918
1.6487

2%
1.0202
1.0408
1.0618
1.0833
1.1052
1.1275
1.1503
1.1735
1.1972
1.2214
1.2461
1.2712
1.2969
1.3231
1.3499
1.3771
1.4049
1.4333
1.4623
1.4918
1.6487
1.8221
2.2255
2.7183

3%
1.0305
1.0618
1.0942
1.1275
1.1618
1.1972
1.2337
1.2712
1.3100
1.3499
1.3910
1.4333
1.4770
1.5220
1.5683
1.6161
1.6653
1.7160
1.7683
1.8221
2.1170
2.4596
3.3201
4.4817

Table E: Continuous Compounding alue of Re 1 given Time Period and Interest Rate
Interest
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
21%
22%
1.0408 1.0513 1.0618 1.0725 1.0833 1.0942
1.1052
1.1163
1.1275
1.1388
1.1503
1.1618
1.1735
1.1853
1.1972
1.2092
1.2214
1.2337
1.2461
1.0833 1.1052 1.1275 1.1503 1.1735 1.1972
1.2214
1.2461
1.2712
1.2969
1.3231
1.3499
1.3771
1.4049
1.4333
1.4623
1.4918
1.5220
1.5527
1.1275 1.1618 1.1972 1.2337 1.2712 1.3100
1.3499
1.3910
1.4333
1.4770
1.5220
1.5683
1.6161
1.6653
1.7160
1.7683
1.8221
1.8776
1.9348
1.1735 1.2214 1.2712 1.3231 1.3771 1.4333
1.4918
1.5527
1.6161
1.6820
1.7507
1.8221
1.8965
1.9739
2.0544
2.1383
2.2255
2.3164
2.4109
1.2214 1.2840 1.3499 1.4191 1.4918 1.5683
1.6487
1.7333
1.8221
1.9155
2.0138
2.1170
2.2255
2.3396
2.4596
2.5857
2.7183
2.8577
3.0042
1.2712 1.3499 1.4333 1.5220 1.6161 1.7160
1.8221
1.9348
2.0544
2.1815
2.3164
2.4596
2.6117
2.7732
2.9447
3.1268
3.3201
3.5254
3.7434
1.3231 1.4191 1.5220 1.6323 1.7507 1.8776
2.0138
2.1598
2.3164
2.4843
2.6645
2.8577
3.0649
3.2871
3.5254
3.7810
4.0552
4.3492
4.6646
1.3771 1.4918 1.6161 1.7507 1.8965 2.0544
2.2255
2.4109
2.6117
2.8292
3.0649
3.3201
3.5966
3.8962
4.2207
4.5722
4.9530
5.3656
5.8124
1.4333 1.5683 1.7160 1.8776 2.0544 2.2479
2.4596
2.6912
2.9447
3.2220
3.5254
3.8574
4.2207
4.6182
5.0531
5.5290
6.0496
6.6194
7.2427
1.4918 1.6487 1.8221 2.0138 2.2255 2.4596
2.7183
3.0042
3.3201
3.6693
4.0552
4.4817
4.9530
5.4739
6.0496
6.6859
7.3891
8.1662
9.0250
1.5527 1.7333 1.9348 2.1598 2.4109 2.6912
3.0042
3.3535
3.7434
4.1787
4.6646
5.2070
5.8124
6.4883
7.2427
8.0849
9.0250
10.0744
11.2459
1.6161 1.8221 2.0544 2.3164 2.6117 2.9447
3.3201
3.7434
4.2207
4.7588
5.3656
6.0496
6.8210
7.6906
8.6711
9.7767
11.0232
12.4286
14.0132
1.6820 1.9155 2.1815 2.4843 2.8292 3.2220
3.6693
4.1787
4.7588
5.4195
6.1719
7.0287
8.0045
9.1157
10.3812
11.8224
13.4637
15.3329
17.4615
1.7507 2.0138 2.3164 2.6645 3.0649 3.5254
4.0552
4.6646
5.3656
6.1719
7.0993
8.1662
9.3933
10.8049
12.4286
14.2963
16.4446
18.9158
21.7584
1.8221 2.1170 2.4596 2.8577 3.3201 3.8574
4.4817
5.2070
6.0496
7.0287
8.1662
9.4877
11.0232
12.8071
14.8797
17.2878
20.0855
23.3361
27.1126
1.8965 2.2255 2.6117 3.0649 3.5966 4.2207
4.9530
5.8124
6.8210
8.0045
9.3933
11.0232
12.9358
15.1803
17.8143
20.9052
24.5325
28.7892
33.7844
1.9739 2.3396 2.7732 3.2871 3.8962 4.6182
5.4739
6.4883
7.6906
9.1157
10.8049
12.8071
15.1803
17.9933
21.3276
25.2797
29.9641
35.5166
42.0980
2.0544 2.4596 2.9447 3.5254 4.2207 5.0531
6.0496
7.2427
8.6711 10.3812
12.4286
14.8797
17.8143
21.3276
25.5337
30.5694
36.5982
43.8160
52.4573
2.1383 2.5857 3.1268 3.7810 4.5722 5.5290
6.6859
8.0849
9.7767 11.8224
14.2963
17.2878
20.9052
25.2797
30.5694
36.9661
44.7012
54.0549
65.3659
2.2255 2.7183 3.3201 4.0552 4.9530 6.0496
7.3891
9.0250 11.0232 13.4637
16.4446
20.0855
24.5325
29.9641
36.5982
44.7012
54.5982
66.6863
81.4509
2.7183 3.4903 4.4817 5.7546 7.3891 9.4877 12.1825 15.6426 20.0855 25.7903
33.1155
42.5211
54.5982
70.1054
90.0171
115.5843
148.4132
190.5663
244.6919
3.3201 4.4817 6.0496 8.1662 11.0232 14.8797 20.0855 27.1126 36.5982 49.4024
66.6863
90.0171 121.5104 164.0219 221.4064
298.8674
403.4288
544.5719
735.0952
4.9530 7.3891 11.0232 16.4446 24.5325 36.5982 54.5982 81.4509 121.5104 181.2722 270.4264 403.4288 601.8450 897.8473 1339.4308 1998.1959 2980.9580 4447.0667 6634.2440
7.3891 12.1825 20.0855 33.1155 54.5982 90.0171 148.4132 244.6919 403.4288 665.1416 1096.6332 1808.0424 2980.9580 4914.7688 8103.0839 13359.7268 22026.4658 36315.5027 59874.1417

23%
1.2586
1.5841
1.9937
2.5093
3.1582
3.9749
5.0028
6.2965
7.9248
9.9742
12.5535
15.7998
19.8857
25.0281
31.5004
39.6464
49.8990
62.8028
79.0436
99.4843
314.1907
992.2747
9897.1291
98715.7710

24%
25%
30%
40%
1.2712
1.2840
1.3499
1.4918
1.6161
1.6487
1.8221
2.2255
2.0544
2.1170
2.4596
3.3201
2.6117
2.7183
3.3201
4.9530
3.3201
3.4903
4.4817
7.3891
4.2207
4.4817
6.0496
11.0232
5.3656
5.7546
8.1662
16.4446
6.8210
7.3891
11.0232
24.5325
8.6711
9.4877
14.8797
36.5982
11.0232
12.1825
20.0855
54.5982
14.0132
15.6426
27.1126
81.4509
17.8143
20.0855
36.5982
121.5104
22.6464
25.7903
49.4024
181.2722
28.7892
33.1155
66.6863
270.4264
36.5982
42.5211
90.0171
403.4288
46.5255
54.5982
121.5104
601.8450
59.1455
70.1054
164.0219
897.8473
75.1886
90.0171
221.4064
1339.4308
95.5835
115.5843
298.8674
1998.1959
121.5104
148.4132
403.4288
2980.9580
403.4288
518.0128
1808.0424
22026.4658
1339.4308
1808.0424
8103.0839
162754.7914
14764.7816 22026.4658 162754.7914
8886110.5205
162754.7914 268337.2865 3269017.3725 485165195.4098