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TABLE 2 -- Present Value of a Series of $1 Payments

 

Years

3%

3.5%

4%

4.5%

1

0.970874

0.966184

0.961538

0.956938

2

1.913470

1.899694

1.886095

1.872668

3

2.828611

2.801637

2.775091

2.748964

4

3.717098

3.673079

3.629895

3.587526

5

4.579707

4.515052

4.451822

4.389977

6

5.417191

5.328553

5.242137

5.157872

7

6.230283

6.114544

6.002055

5.892701

8

7.019692

6.873956

6.732745

6.595886

9

7.786109

7.607687

7.435332

7.268790

10

8.530203

8.316605

8.110896

7.912718

11

9.252624

9.001551

8.760477

8.528917

12

9.954004

9.663334

9.385074

9.118581

13

10.634955

10.302738

9.985648

9.682852

14

11.296073

10.920520

10.563123

10.222825

15

11.937935

11.517411

11.118387

10.739546

16

12.561102

12.094117

11.652296

11.234015

17

13.166118

12.651321

12.165669

11.707191

18

13.753513

13.189682

12.659297

12.159992

19

14.323799

13.709837

13.133939

12.593294

20

14.877475

14.212403

13.590326

13.007936

21

15.415024

14.697974

14.029160

13.404724

22

15.936917

15.167125

14.451115

13.784425

23

16.443608

15.620410

14.856842

14.147775

24

16.935542

16.058368

15.246963

14.495478

25

17.413148

16.481515

15.622080

14.828209

 

Years

5%

5.5%

6%

6.5%

1

0.952381

0.947867

0.943396

0.938967

2

1.859410

1.846320

1.833393

1.820626

3

2.723248

2.697933

2.673012

2.648476

4

3.545951

3.505150

3.465106

3.425799

5

4.329477

4.270284

4.212364

4.155679

6

5.075692

4.995530

4.917324

4.841014

7

5.786373

5.682967

5.582381

5.484520

8

6.463213

6.334566

6.209794

6.088751

9

7.107822

6.952195

6.801692

6.656104

10

7.721735

7.537626

7.360087

7.188830

11

8.306414

8.092536

7.886875

7.689042

12

8.863252

8.618518

8.383844

8.158725

13

9.393573

9.117079

8.852683

8.599742

14

9.898641

9.589648

9.294984

9.013842

15

10.379658

10.037581

9.712249

9.402669

16

10.837770

10.462162

10.105895

9.767764

17

11.274066

10.864609

10.477260

10.110577

18

11.689587

11.246074

10.827603

10.432466

19

12.085321

11.607654

11.158116

10.734710

20

12.462210

11.950382

11.469921

11.018507

21

12.821153

12.275244

11.764077

11.284983

22

13.163003

12.583170

12.041582

11.535196

23

13.488574

12.875042

12.303379

11.770137

24

13.798642

13.151699

12.550358

11.990739

25

14.093945

13.413933

12.783356

12.197877

 

Years

7%

7.5%

8%

8.5%

1

0.934579

0.930233

0.925926

0.921659

2

1.808018

1.795565

1.783265

1.771114

3

2.624316

2.600526

2.577097

2.554022

4

3.387211

3.349326

3.312127

3.275597

5

4.100197

4.045885

3.992710

3.940642

6

4.766540

4.693846

4.622880

4.553587

7

5.389289

5.296601

5.206370

5.118514

8

5.971299

5.857304

5.746639

5.639183

9

6.515232

6.378887

6.246888

6.119063

10

7.023582

6.864081

6.710081

6.561348

11

7.498674

7.315424

7.138964

6.968984

12

7.942686

7.735278

7.536078

7.344686

13

8.357651

8.125840

7.903776

7.690955

14

8.745468

8.489154

8.244237

8.010097

15

9.107914

8.827120

8.559479

8.304237

16

9.446649

9.141507

8.851369

8.575333

17

9.763223

9.433960

9.121638

8.825192

18

10.059087

9.706009

9.371887

9.055476

19

10.335595

9.959078

9.603599

9.267720

20

10.594014

10.194491

9.818147

9.463337

21

10.835527

10.413480

10.016803

9.643628

22

11.061240

10.617191

10.200744

9.809796

23

11.272187

10.806689

10.371059

9.962945

24

11.469334

10.982967

10.528758

10.104097

25

11.653583

11.146946

10.674776

10.234191

 

 

Years

9%

9.5%

10%

10.5%

1

0.917431

0.913242

0.909091

0.904977

2

1.759111

1.747253

1.735537

1.723961

3

2.531295

2.508907

2.486852

2.465123

4

3.239720

3.204481

3.169865

3.135858

5

3.889651

3.839709

3.790787

3.742858

6

4.485919

4.419825

4.355261

4.292179

7

5.032953

4.949612

4.868419

4.789303

8

5.534819

5.433436

5.334926

5.239188

9

5.995247

5.875284

5.759024

5.646324

10

6.417658

6.278798

6.144567

6.014773

11

6.805191

6.647304

6.495061

6.348211

12

7.160725

6.983839

6.813692

6.649964

13

7.486904

7.291178

7.103356

6.923045

14

7.786150

7.571852

7.366687

7.170176

15

8.060688

7.828175

7.606080

7.393825

16

8.312558

8.062260

7.823709

7.596221

17

8.543631

8.276037

8.021553

7.779386

18

8.755625

8.471266

8.201412

7.945146

19

8.950115

8.649558

8.364920

8.095154

20

9.128546

8.812382

8.513564

8.230909

21

9.292244

8.961080

8.648694

8.353764

22

9.442425

9.096876

8.771540

8.464945

23

9.580207

9.220892

8.883218

8.565561

24

9.706612

9.334148

8.984744

8.656616

25

9.822580

9.437578

9.077040

8.739019

 

Years

11%

11.5%

12%

12.5%

1

0.900901

0.896861

0.892857

0.888889

2

1.712523

1.701221

1.690051

1.679012

3

2.443715

2.422619

2.401831

2.381344

4

3.102446

3.069614

3.037349

3.005639

5

3.695897

3.649878

3.604776

3.560568

6

4.230538

4.170294

4.111407

4.053839

7

4.712196

4.637035

4.563757

4.492301

8

5.146123

5.055637

4.967640

4.882045

9

5.537048

5.431064

5.328250

5.228485

10

5.889232

5.767771

5.650223

5.536431

11

6.206515

6.069750

5.937699

5.810161

12

6.492356

6.340583

6.194374

6.053476

13

6.749870

6.583482

6.423548

6.269757

14

6.981865

6.801329

6.628168

6.462006

15

7.190870

6.996708

6.810864

6.632894

16

7.379162

7.171935

6.973986

6.784795

17

7.548794

7.329090

7.119630

6.919818

18

7.701617

7.470036

7.249670

7.039838

19

7.839294

7.596445

7.365777

7.146523

20

7.963328

7.709816

7.469444

7.241353

21

8.075070

7.811494

7.562003

7.325647

22

8.175739

7.902685

7.644646

7.400575

23

8.266432

7.984471

7.718434

7.467178

24

8.348137

8.057822

7.784316

7.526381

25

8.421745

8.123607

7.843139

7.579005

 

Years

13%

13.5%

14%

14.5%

1

0.884956

0.881057

0.877193

0.873362

2

1.668102

1.657319

1.646661

1.636124

3

2.361153

2.341250

2.321632

2.302292

4

2.974471

2.943833

2.913712

2.884098

5

3.517231

3.474743

3.433081

3.392225

6

3.997550

3.942505

3.888668

3.836005

7

4.422610

4.354630

4.288305

4.223585

8

4.798770

4.717735

4.638864

4.562083

9

5.131655

5.037652

4.946372

4.857714

10

5.426243

5.319517

5.216116

5.115908

11

5.686941

5.567857

5.452733

5.341404

12

5.917647

5.786658

5.660292

5.538344

13

6.121812

5.979434

5.842362

5.710344

14

6.302488

6.149281

6.002072

5.860563

15

6.462379

6.298926

6.142168

5.991758

16

6.603875

6.430772

6.265060

6.106339

17

6.729093

6.546936

6.372859

6.206409

18

6.839905

6.649283

6.467420

6.293807

19

6.937969

6.739456

6.550369

6.370137

20

7.024752

6.818904

6.623131

6.436801

21

7.101550

6.888902

6.686957

6.495023

22

7.169513

6.950575

6.742944

6.545871

23

7.229658

7.004912

6.792056

6.590281

24

7.282883

7.052786

6.835137

6.629066

25

7.329985

7.094965

6.872927

6.662940

 

Years

15%

 

 

 

1

0.869565

 

 

 

2

1.625709

 

 

 

3

2.283225

 

 

 

4

2.854978

 

 

 

5

3.352155

 

 

 

6

3.784483

 

 

 

7

4.160420

 

 

 

8

4.487322

 

 

 

9

4.771584

 

 

 

10

5.018769

 

 

 

11

5.233712

 

 

 

12

5.420619

 

 

 

13

5.583147

 

 

 

14

5.724476

 

 

 

15

5.847370

 

 

 

16

5.954235

 

 

 

17

6.047161

 

 

 

18

6.127966

 

 

 

19

6.198231

 

 

 

20

6.259331

 

 

 

21

6.312462

 

 

 

22

6.358663

 

 

 

23

6.398837

 

 

 

24

6.433771

 

 

 

25

6.464149