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5

5
5
5
5
5
5
5
5
5

1
1
1
1
1
1
1
1
1
1

0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045
0.045

1.045
1.092025
1.141166
1.192519
1.246182
1.30226
1.360862
1.422101
1.486095
1.552969

4.784689
4.57865
4.381483
4.192807
4.012255
3.839479
3.674142
3.515926
3.364522
3.219638

100
1.014869
98.53487

100
1.036243
96.50244

1
0.045

1.192519

3.364522

100
1.048809
95.34626

100

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

4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
100

1.05
1.1025
1.157625
1.215506
1.276282
1.340096
1.4071
1.477455
1.551328
1.628895
1.710339
1.795856
1.885649
1.979932
2.078928
2.182875
2.292018
2.406619
2.52695
2.653298
2.653298

4.285714
4.081633
3.887269
3.702161
3.525868
3.357969
3.198066
3.045777
2.90074
2.76261
2.631057
2.505768
2.386446
2.272806
2.164577
2.061502
1.963335
1.869843
1.780803
1.696003
37.68895
56.07995
93.76889

9.017225
1
2
3
4
5
6
7
8
9
10
11

5
5
5
5
5
5
5
5
5
5
5

1.046013
1.094142
1.144486
1.197147
1.252231
1.309849
1.370118
1.433161
1.499104
1.568082
1.640233

4.780
4.570
4.369
4.177
3.993
3.817
3.649
3.489
3.335
3.189
3.048

12
13
14
15
16
17
18
19
20
20

5
5
5
5
5
5
5
5
5
100

1.715705
1.794648
1.877225
1.9636
2.053951
2.148458
2.247314
2.350718
2.458881
2.458881

2.914
2.786
2.664
2.546
2.434
2.327
2.225
2.127
2.033
40.66891
64.4728
105.1417

Discounting days

100
1.1025
95.2381

100
1.05

100

0.5

Calculation on page 7
1
2
3
4
5
6
7
8
9
10
10

4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
100

1.05
1.1025
1.157625
1.215506
1.276282
1.340096
1.4071
1.477455
1.551328
1.628895
1.628895

4.285714
4.081633
3.887269
3.702161
3.525868
3.357969
3.198066
3.045777
2.90074
2.76261
61.39133
34.74781
96.13913

100.6393

1.024695
98.2139
2.25
95.9639

1.628895 61.39131

1.073854332
1
0.073854332
7.521%

34.74

0.092025

0.04601

0.1025
0.092025

0.05125
0.0460125

5
5
4.3686
4.5697
1.144531 1.094164
1.046026 1.046023

5
4.78
1.046025105

4.60125

0.1025 0.05125
0.1025 0.05125
0.092025 0.046012

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

4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
100

1.05
1.1025
1.157625
1.215506
1.276282
1.340096
1.4071
1.477455
1.551328
1.628895
1.710339
1.795856
1.885649
1.979932
2.078928
2.182875
2.292018
2.406619
2.52695
2.653298
2.653298

4.285714
4.081633
3.887269
3.702161
3.525868
3.357969
3.198066
3.045777
2.90074
2.76261
2.631057
2.505768
2.386446
2.272806
2.164577
2.061502
1.963335
1.869843
1.780803
1.696003
37.68895
56.07995
93.76889

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

4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5

1.04
1.0816
1.124864
1.169859
1.216653
1.265319
1.315932
1.368569
1.423312
1.480244
1.539454
1.601032
1.665074
1.731676
1.800944
1.872981

4.326923
4.160503
4.000484
3.846619
3.698672
3.556415
3.41963
3.288106
3.16164
3.040039
2.923114
2.810687
2.702583
2.598638
2.49869
2.402587

17
18
19
20
20

4.5
4.5
4.5
4.5
100

1.9479
2.025817
2.106849
2.191123
2.191123

2.31018
2.221327
2.135891
2.053741
45.63869
61.15647
106.7952

1079.85
1038.9
-0.03792

1134.2
1064.18
-0.06174

1079.85
1123.01
0.039969

1134.2
1210.71
0.067457