ENGINEERING ECONOMICS

General Notes
Terms and Abbreviations
i
n
P
F
A

Interest rate for a given compounding period usually 1 year (APR)

Number of compounding periods
Present principal sum (amount you have or will need right now). This can be the amount invested
or amount borrowed at the present time.
Future principal sum (amount you will have or will need in the future)
Single payment, in a series of n equal payments, made at the end of each annual interest period
(regular payments or withdrawals made at the end of each interest period). Only use this for
regular series of payments or withdrawals (it HAS to happen at the end of each interest periods)

Factor Formulae: Mathematical formulae that can be used to directly calculate P, F, or A given an
interest rate for each interest period, i, over a specified number of interest periods, n. Note that these
formulae can be very complex. Example: To determine F given P, i, n use F = P(1+i)n.
Factor Notation: The factor notation and factor tables can be used to simplify analyses. In order to use
the factor tables the interest rate for each period, number of periods, and at least one other factor must
be known.
(F/P, i, n) This is the factor to use when finding F given P, i, n
To find F multiply P by (F/P, i, n): F = P* (F/P, i, n)
To use the tables: Summarize all salient information, find the table with the appropriate interest rate for
the interest period, identify the appropriate factor category (F/P, P/F, A/P, A/F, etc), find the number of
interest periods, n, and use the associated factor.
Cash Flow Diagram
The cash flow diagram represents the cash received (increase in cash) over a period as an upward arrow
or the amount paid (decrease in cash) as a downward arrow in the diagram. It is ALWAYS necessary to
identify the viewpoint (lender or borrower) when creating a cash flow diagram. The lender earns the
interest that is paid by the borrower for the privilege of receiving the cash.
F

Cash
Received

0
1
Cash Paid
P

n-1

n
Point of View:
Investor/Lender
1

Single Payment Compound Amount Factor (F/P, i, n)

This factor helps you answer the question: If an amount, P, is invested (or borrowed) now at a fixed
interest rate, i per yr (compounding period), how much principle and interest will accrue after n years
(compounding periods) More simply, if we invest a certain amount of money now how much will it be
worth later?
Factor Formula: (1 + i)n
Factor Notation: (F/P, i, n)
Cash Flow Diagram:

Assumptions:
You invest a fixed amount
You have a pre-established, fixed interest rate, i, per compounding period (usually a year)
You have a pre-established period of investment (usually measured in years)
You do not withdraw from the principal at any time during the duration of the investment
You invest $1,000 in an account that has an annual interest rate of 12 percent compounded annually,
what will the balance of the principal + interest be at the end of year 4?

Single Payment Present Worth Factor (P/F, i, n)

This factor helps you answer the question: How much must be invested now at a fixed interest rate, i,
in order to earn a future amount, F, in a given number of years, n? More simply, How much do you
need to invest now to have a certain amount of money later?
Factor Formula: 1/(1 + i)n

Multiply the principal by this factor to determine the future value

Factor Notation: (P/F, i, n)

Multiply the principal by this factor to determine the future value

Cash Flow Diagram:

Assumptions:
You invest a fixed amount
You have a pre-established, fixed interest rate, i, per compounding period (usually a year)
You have a pre-established period of investment (usually measured in years)
You do not withdraw from the principal at any time during the duration of the investment
How much must you invest now at an APR of 3% for to have $1,000,000 in ten years? The interest in the
account is compounded annually.

Equal-Payment-Series Compound-Amount Factor (F/A, i, n)

This factor helps you answer the question: What is the single future value that would accumulate from
a series of equal payments occurring at the end of succeeding annual interest periods?
Factor Formula: [(1+i)n-1]/i

Multiply the regular investment, A, by this factor to determine the

future value

Factor Notation: (F/A, i, n)

Multiply the regular investment, A, by this factor to determine the

future value

Cash Flow Diagram:

Assumptions:
You make the same investment AT THE END of each interest period (including the last interest
period and not including time 0)
The interest rate is constant through the investment period
You do not make any additional investments during the period
You open an account at an interest rate of 5% APR (compounded monthly) and deposit $100 per month
at the end of the month. What will the balance be after 10 years?

Equal-Payment-Series Sinking-Fund Factor (A/F, i, n)

This factor helps you answer the question: What is the required investment, A, to accumulate F in n
interest periods at an interest rate, i?
Factor Formula: i /[(1+i)n-1]

Multiply final future value, F, by this factor to determine the required

regular investment, A

Factor Notation: (A/F, i, n)

Multiply final future value, F, by this factor to determine the required

regular investment, A

Cash Flow Diagram:

Assumptions:
You make the same investment AT THE END of each interest period (including the last interest
period and not including time 0)
The interest rate is constant through the investment period
You do not make any additional investments during the period
You wish to have $120,000 in an account with an interest rate of 10% APR compounded yearly. If you
plan to invest for 12 years, what payment would be required at the end of each year?

Equal-Payment-Series Capital Recovery Factor (A/P, i, n)

This factor helps you answer the question: What is the regular withdrawal that can be made from an
initial investment, P, at the end of each interest period to end up with a zero balance after n interest
periods?
Factor Formula: P(1+i)n*[i /[(1+i)n-1]] Multiply initial investment, P, by this factor to determine the
required regular investment, A
Factor Notation: (A/P, i, n)

Multiply initial investment, P, by this factor to determine the required

regular investment, A

Cash Flow Diagram:

Assumptions:
You make the same investment AT THE END of each interest period (including the last interest
period and not including time 0)
The interest rate is constant through the investment period
You do not make any additional investments during the period
A fund has been established for the development of your company. The initial investment is $100,000
and the account has an interest rate of 7.25% APR compounded monthly. You can exhaust the account
after 10 years. How much can you withdraw at the end of each year if you make regular equal
withdrawals each year?

Equal-Payment-Series Present Worth Factor (P/A, i, n)

This factor helps you answer the question: How much can be borrowed today if you can afford to pay a
series of regular payments, A, for a given number of interest periods, n? Or If you plan to make regular
withdrawals, A, for n interest periods, what principal is required today?
Factor Formula:

(1 + i)n - 1
i(1 + i)n

Factor Notation: (P/A, i, n)

Multiply initial investment, P, by this factor to determine the

required regular investment, A
Multiply initial investment, P, by this factor to determine the
required regular investment, A

Cash Flow Diagram:

Assumptions:
You make the same investment/withdrawal AT THE END of each interest period (including the
last interest period and not including time 0)
The interest rate is constant through the investment period
You do not make any additional investments during the period
What is the present value of a series of $600 payments made at the end of each interest period for 10
years in an account that has an 8% APR compounded yearly?

Multi-Factor Problems

1. Jimmy makes an initial investment of $20,000 in an account that earns 6% APR

compounded yearly. After four years Jimmy begins making regular year end deposits of
$2,000 into this account. In year 8 Jimmy withdraws $12,000 to pay for a boat. What will
the balance be in Jimmys account after 10 years?

2. Patrick opens an account with $1,000 with an interest rate of 6%APR compounded
yearly. For seven years he makes regular year end payments of $2,000. In the beginning
of year four he deposits $2,500. In the beginning of year 6 he withdraws $400. What will
the balance be in Patricks account after seven years?

newn42040_appB.qxd 1/5/04 10:52 AM Page 563

COMPOUND INTEREST TABLES

1%

Compound Interest Factors

Single Payment

563
1%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
36
40
48
50
52
60
70
72
80
84
90
96
100
104
120
240
360
480

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
1.232
1.245
1.257
1.270
1.282
1.295
1.308
1.321
1.335
1.348
1.431
1.489
1.612
1.645
1.678
1.817
2.007
2.047
2.217
2.307
2.449
2.599
2.705
2.815
3.300
10.893
35.950
118.648

.9901
.9803
.9706
.9610
.9515
.9420
.9327
.9235
.9143
.9053
.8963
.8874
.8787
.8700
.8613
.8528
.8444
.8360
.8277
.8195
.8114
.8034
.7954
.7876
.7798
.7720
.7644
.7568
.7493
.7419
.6989
.6717
.6203
.6080
.5961
.5504
.4983
.4885
.4511
.4335
.4084
.3847
.3697
.3553
.3030
.0918
.0278
.00843

1.0000
.4975
.3300
.2463
.1960
.1625
.1386
.1207
.1067
.0956
.0865
.0788
.0724
.0669
.0621
.0579
.0543
.0510
.0481
.0454
.0430
.0409
.0389
.0371
.0354
.0339
.0324
.0311
.0299
.0287
.0232
.0205
.0163
.0155
.0148
.0122
.00993
.00955
.00822
.00765
.00690
.00625
.00587
.00551
.00435
.00101
.00029
.00008

1.0100
.5075
.3400
.2563
.2060
.1725
.1486
.1307
.1167
.1056
.0965
.0888
.0824
.0769
.0721
.0679
.0643
.0610
.0581
.0554
.0530
.0509
.0489
.0471
.0454
.0439
.0424
.0411
.0399
.0387
.0332
.0305
.0263
.0255
.0248
.0222
.0199
.0196
.0182
.0177
.0169
.0163
.0159
.0155
.0143
.0110
.0103
.0101

1.000
2.010
3.030
4.060
5.101
6.152
7.214
8.286
9.369
10.462
11.567
12.682
13.809
14.947
16.097
17.258
18.430
19.615
20.811
22.019
23.239
24.472
25.716
26.973
28.243
29.526
30.821
32.129
33.450
34.785
43.077
48.886
61.223
64.463
67.769
81.670
100.676
104.710
121.671
130.672
144.863
159.927
170.481
181.464
230.039
989.254
3 495.0
11 764.8

0.990
1.970
2.941
3.902
4.853
5.795
6.728
7.652
8.566
9.471
10.368
11.255
12.134
13.004
13.865
14.718
15.562
16.398
17.226
18.046
18.857
19.660
20.456
21.243
22.023
22.795
23.560
24.316
25.066
25.808
30.107
32.835
37.974
39.196
40.394
44.955
50.168
51.150
54.888
56.648
59.161
61.528
63.029
64.471
69.701
90.819
97.218
99.157

0
0.498
0.993
1.488
1.980
2.471
2.960
3.448
3.934
4.418
4.900
5.381
5.861
6.338
6.814
7.289
7.761
8.232
8.702
9.169
9.635
10.100
10.563
11.024
11.483
11.941
12.397
12.852
13.304
13.756
16.428
18.178
21.598
22.436
23.269
26.533
30.470
31.239
34.249
35.717
37.872
39.973
41.343
42.688
47.835
75.739
89.699
95.920

0
0.980
2.921
5.804
9.610
14.320
19.917
26.381
33.695
41.843
50.806
60.568
71.112
82.422
94.481
107.273
120.783
134.995
149.895
165.465
181.694
198.565
216.065
234.179
252.892
272.195
292.069
312.504
333.486
355.001
494.620
596.854
820.144
879.417
939.916
1 192.80
1 528.64
1 597.86
1 879.87
2 023.31
2 240.56
2 459.42
2 605.77
2 752.17
3 334.11
6 878.59
8 720.43
9 511.15

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
36
40
48
50
52
60
70
72
80
84
90
96
100
104
120
240
360
480

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COMPOUND INTEREST TABLES

2%

Compound Interest Factors

Single Payment

567
2%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
36
40
48
50
52
60
70
72
80
84
90
96
100
104
120
240
360
480

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
1.516
1.546
1.577
1.608
1.641
1.673
1.707
1.741
1.776
1.811
2.040
2.208
2.587
2.692
2.800
3.281
4.000
4.161
4.875
5.277
5.943
6.693
7.245
7.842
10.765
115.887
1 247.5
13 429.8

.9804
.9612
.9423
.9238
.9057
.8880
.8706
.8535
.8368
.8203
.8043
.7885
.7730
.7579
.7430
.7284
.7142
.7002
.6864
.6730
.6598
.6468
.6342
.6217
.6095
.5976
.5859
.5744
.5631
.5521
.4902
.4529
.3865
.3715
.3571
.3048
.2500
.2403
.2051
.1895
.1683
.1494
.1380
.1275
.0929
.00863
.00080
.00007

1.0000
.4951
.3268
.2426
.1922
.1585
.1345
.1165
.1025
.0913
.0822
.0746
.0681
.0626
.0578
.0537
.0500
.0467
.0438
.0412
.0388
.0366
.0347
.0329
.0312
.0297
.0283
.0270
.0258
.0247
.0192
.0166
.0126
.0118
.0111
.00877
.00667
.00633
.00516
.00468
.00405
.00351
.00320
.00292
.00205
.00017
.00002

1.0200
.5151
.3468
.2626
.2122
.1785
.1545
.1365
.1225
.1113
.1022
.0946
.0881
.0826
.0778
.0737
.0700
.0667
.0638
.0612
.0588
.0566
.0547
.0529
.0512
.0497
.0483
.0470
.0458
.0447
.0392
.0366
.0326
.0318
.0311
.0288
.0267
.0263
.0252
.0247
.0240
.0235
.0232
.0229
.0220
.0202
.0200
.0200

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
22.840
24.297
25.783
27.299
28.845
30.422
32.030
33.671
35.344
37.051
38.792
40.568
51.994
60.402
79.353
84.579
90.016
114.051
149.977
158.056
193.771
213.865
247.155
284.645
312.230
342.090
488.255
5 744.4
62 326.8
671 442.0

0.980
1.942
2.884
3.808
4.713
5.601
6.472
7.325
8.162
8.983
9.787
10.575
11.348
12.106
12.849
13.578
14.292
14.992
15.678
16.351
17.011
17.658
18.292
18.914
19.523
20.121
20.707
21.281
21.844
22.396
25.489
27.355
30.673
31.424
32.145
34.761
37.499
37.984
39.744
40.525
41.587
42.529
43.098
43.624
45.355
49.569
49.960
49.996

0
0.495
0.987
1.475
1.960
2.442
2.921
3.396
3.868
4.337
4.802
5.264
5.723
6.178
6.631
7.080
7.526
7.968
8.407
8.843
9.276
9.705
10.132
10.555
10.974
11.391
11.804
12.214
12.621
13.025
15.381
16.888
19.755
20.442
21.116
23.696
26.663
27.223
29.357
30.361
31.793
33.137
33.986
34.799
37.711
47.911
49.711
49.964

0
0.961
2.846
5.617
9.240
13.679
18.903
24.877
31.571
38.954
46.996
55.669
64.946
74.798
85.200
96.127
107.553
119.456
131.812
144.598
157.793
171.377
185.328
199.628
214.256
229.196
244.428
259.936
275.703
291.713
392.036
461.989
605.961
642.355
678.779
823.692
999.829
1 034.050
1 166.781
1 230.413
1 322.164
1 409.291
1 464.747
1 518.082
1 710.411
2 374.878
2 483.567
2 498.027

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
36
40
48
50
52
60
70
72
80
84
90
96
100
104
120
240
360
480

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COMPOUND INTEREST TABLES

3%

Compound Interest Factors

Single Payment

569
3%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
1.860
1.916
1.974
2.033
2.094
2.157
2.221
2.288
2.357
2.427
2.500
2.575
2.652
2.732
2.814
3.262
3.782
4.384
5.082
5.892
6.830
7.918
9.179
10.641
12.336
14.300
16.578
19.219

.9709
.9426
.9151
.8885
.8626
.8375
.8131
.7894
.7664
.7441
.7224
.7014
.6810
.6611
.6419
.6232
.6050
.5874
.5703
.5537
.5375
.5219
.5067
.4919
.4776
.4637
.4502
.4371
.4243
.4120
.4000
.3883
.3770
.3660
.3554
.3066
.2644
.2281
.1968
.1697
.1464
.1263
.1089
.0940
.0811
.0699
.0603
.0520

1.0000
.4926
.3235
.2390
.1884
.1546
.1305
.1125
.0984
.0872
.0781
.0705
.0640
.0585
.0538
.0496
.0460
.0427
.0398
.0372
.0349
.0327
.0308
.0290
.0274
.0259
.0246
.0233
.0221
.0210
.0200
.0190
.0182
.0173
.0165
.0133
.0108
.00887
.00735
.00613
.00515
.00434
.00367
.00311
.00265
.00226
.00193
.00165

1.0300
.5226
.3535
.2690
.2184
.1846
.1605
.1425
.1284
.1172
.1081
.1005
.0940
.0885
.0838
.0796
.0760
.0727
.0698
.0672
.0649
.0627
.0608
.0590
.0574
.0559
.0546
.0533
.0521
.0510
.0500
.0490
.0482
.0473
.0465
.0433
.0408
.0389
.0373
.0361
.0351
.0343
.0337
.0331
.0326
.0323
.0319
.0316

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
28.676
30.537
32.453
34.426
36.459
38.553
40.710
42.931
45.219
47.575
50.003
52.503
55.078
57.730
60.462
75.401
92.720
112.797
136.072
163.053
194.333
230.594
272.631
321.363
377.857
443.349
519.272
607.287

0.971
1.913
2.829
3.717
4.580
5.417
6.230
7.020
7.786
8.530
9.253
9.954
10.635
11.296
11.938
12.561
13.166
13.754
14.324
14.877
15.415
15.937
16.444
16.936
17.413
17.877
18.327
18.764
19.188
19.600
20.000
20.389
20.766
21.132
21.487
23.115
24.519
25.730
26.774
27.676
28.453
29.123
29.702
30.201
30.631
31.002
31.323
31.599

0
0.493
0.980
1.463
1.941
2.414
2.882
3.345
3.803
4.256
4.705
5.148
5.587
6.021
6.450
6.874
7.294
7.708
8.118
8.523
8.923
9.319
9.709
10.095
10.477
10.853
11.226
11.593
11.956
12.314
12.668
13.017
13.362
13.702
14.037
15.650
17.156
18.558
19.860
21.067
22.184
23.215
24.163
25.035
25.835
26.567
27.235
27.844

0
0.943
2.773
5.438
8.889
13.076
17.955
23.481
29.612
36.309
43.533
51.248
59.419
68.014
77.000
86.348
96.028
106.014
116.279
126.799
137.549
148.509
159.656
170.971
182.433
194.026
205.731
217.532
229.413
241.361
253.361
265.399
277.464
289.544
301.627
361.750
420.632
477.480
531.741
583.052
631.201
676.087
717.698
756.086
791.353
823.630
853.074
879.854

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

newn42040_appB.qxd 1/5/04 10:52 AM Page 571

COMPOUND INTEREST TABLES

4%

Compound Interest Factors

Single Payment

571
4%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
2.279
2.370
2.465
2.563
2.666
2.772
2.883
2.999
3.119
3.243
3.373
3.508
3.648
3.794
3.946
4.801
5.841
7.107
8.646
10.520
12.799
15.572
18.945
23.050
28.044
34.119
41.511
50.505

.9615
.9246
.8890
.8548
.8219
.7903
.7599
.7307
.7026
.6756
.6496
.6246
.6006
.5775
.5553
.5339
.5134
.4936
.4746
.4564
.4388
.4220
.4057
.3901
.3751
.3607
.3468
.3335
.3207
.3083
.2965
.2851
.2741
.2636
.2534
.2083
.1712
.1407
.1157
.0951
.0781
.0642
.0528
.0434
.0357
.0293
.0241
.0198

1.0000
.4902
.3203
.2355
.1846
.1508
.1266
.1085
.0945
.0833
.0741
.0666
.0601
.0547
.0499
.0458
.0422
.0390
.0361
.0336
.0313
.0292
.0273
.0256
.0240
.0226
.0212
.0200
.0189
.0178
.0169
.0159
.0151
.0143
.0136
.0105
.00826
.00655
.00523
.00420
.00339
.00275
.00223
.00181
.00148
.00121
.00099
.00081

1.0400
.5302
.3603
.2755
.2246
.1908
.1666
.1485
.1345
.1233
.1141
.1066
.1001
.0947
.0899
.0858
.0822
.0790
.0761
.0736
.0713
.0692
.0673
.0656
.0640
.0626
.0612
.0600
.0589
.0578
.0569
.0559
.0551
.0543
.0536
.0505
.0483
.0466
.0452
.0442
.0434
.0427
.0422
.0418
.0415
.0412
.0410
.0408

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
23.697
25.645
27.671
29.778
31.969
34.248
36.618
39.083
41.646
44.312
47.084
49.968
52.966
56.085
59.328
62.701
66.209
69.858
73.652
95.025
121.029
152.667
191.159
237.990
294.968
364.290
448.630
551.244
676.089
827.981
1 012.8
1 237.6

0.962
1.886
2.775
3.630
4.452
5.242
6.002
6.733
7.435
8.111
8.760
9.385
9.986
10.563
11.118
11.652
12.166
12.659
13.134
13.590
14.029
14.451
14.857
15.247
15.622
15.983
16.330
16.663
16.984
17.292
17.588
17.874
18.148
18.411
18.665
19.793
20.720
21.482
22.109
22.623
23.047
23.395
23.680
23.915
24.109
24.267
24.398
24.505

0
0.490
0.974
1.451
1.922
2.386
2.843
3.294
3.739
4.177
4.609
5.034
5.453
5.866
6.272
6.672
7.066
7.453
7.834
8.209
8.578
8.941
9.297
9.648
9.993
10.331
10.664
10.991
11.312
11.627
11.937
12.241
12.540
12.832
13.120
14.476
15.705
16.812
17.807
18.697
19.491
20.196
20.821
21.372
21.857
22.283
22.655
22.980

0
0.925
2.702
5.267
8.555
12.506
17.066
22.180
27.801
33.881
40.377
47.248
54.454
61.962
69.735
77.744
85.958
94.350
102.893
111.564
120.341
129.202
138.128
147.101
156.104
165.121
174.138
183.142
192.120
201.062
209.955
218.792
227.563
236.260
244.876
286.530
325.402
361.163
393.689
422.996
449.201
472.479
493.041
511.116
526.938
540.737
552.730
563.125

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

newn42040_appB.qxd 1/5/04 10:52 AM Page 573

COMPOUND INTEREST TABLES

5%

Compound Interest Factors

Single Payment

Compound
Amount
Factor
Find F
Given P
F/P

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.050
1.102
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
2.786
2.925
3.072
3.225
3.386
3.556
3.733
3.920
4.116
4.322
4.538
4.765
5.003
5.253
5.516
7.040
8.985
11.467
14.636
18.679
23.840
30.426
38.832
49.561
63.254
80.730
103.034
131.500

573
5%

Uniform Payment Series

Arithmetic Gradient

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

.9524
.9070
.8638
.8227
.7835
.7462
.7107
.6768
.6446
.6139
.5847
.5568
.5303
.5051
.4810
.4581
.4363
.4155
.3957
.3769
.3589
.3419
.3256
.3101
.2953
.2812
.2678
.2551
.2429
.2314
.2204
.2099
.1999
.1904
.1813
.1420
.1113
.0872
.0683
.0535
.0419
.0329
.0258
.0202
.0158
.0124
.00971
.00760

1.0000
.4878
.3172
.2320
.1810
.1470
.1228
.1047
.0907
.0795
.0704
.0628
.0565
.0510
.0463
.0423
.0387
.0355
.0327
.0302
.0280
.0260
.0241
.0225
.0210
.0196
.0183
.0171
.0160
.0151
.0141
.0133
.0125
.0118
.0111
.00828
.00626
.00478
.00367
.00283
.00219
.00170
.00132
.00103
.00080
.00063
.00049
.00038

1.0500
.5378
.3672
.2820
.2310
.1970
.1728
.1547
.1407
.1295
.1204
.1128
.1065
.1010
.0963
.0923
.0887
.0855
.0827
.0802
.0780
.0760
.0741
.0725
.0710
.0696
.0683
.0671
.0660
.0651
.0641
.0633
.0625
.0618
.0611
.0583
.0563
.0548
.0537
.0528
.0522
.0517
.0513
.0510
.0508
.0506
.0505
.0504

1.000
2.050
3.152
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
35.719
38.505
41.430
44.502
47.727
51.113
54.669
58.402
62.323
66.439
70.761
75.299
80.063
85.067
90.320
120.799
159.699
209.347
272.711
353.582
456.795
588.525
756.649
971.222
1 245.1
1 594.6
2 040.7
2 610.0

0.952
1.859
2.723
3.546
4.329
5.076
5.786
6.463
7.108
7.722
8.306
8.863
9.394
9.899
10.380
10.838
11.274
11.690
12.085
12.462
12.821
13.163
13.489
13.799
14.094
14.375
14.643
14.898
15.141
15.372
15.593
15.803
16.003
16.193
16.374
17.159
17.774
18.256
18.633
18.929
19.161
19.343
19.485
19.596
19.684
19.752
19.806
19.848

0
0.488
0.967
1.439
1.902
2.358
2.805
3.244
3.676
4.099
4.514
4.922
5.321
5.713
6.097
6.474
6.842
7.203
7.557
7.903
8.242
8.573
8.897
9.214
9.524
9.827
10.122
10.411
10.694
10.969
11.238
11.501
11.757
12.006
12.250
13.377
14.364
15.223
15.966
16.606
17.154
17.621
18.018
18.353
18.635
18.871
19.069
19.234

0
0.907
2.635
5.103
8.237
11.968
16.232
20.970
26.127
31.652
37.499
43.624
49.988
56.553
63.288
70.159
77.140
84.204
91.327
98.488
105.667
112.846
120.008
127.140
134.227
141.258
148.222
155.110
161.912
168.622
175.233
181.739
188.135
194.416
200.580
229.545
255.314
277.914
297.510
314.343
328.691
340.841
351.072
359.646
366.800
372.749
377.677
381.749

n
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

newn42040_appB.qxd 1/5/04 10:52 AM Page 574

574

COMPOUND INTEREST TABLES

6%

Compound Interest Factors

Single Payment

Compound
Amount
Factor
Find F
Given P
F/P

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
3.400
3.604
3.820
4.049
4.292
4.549
4.822
5.112
5.418
5.743
6.088
6.453
6.841
7.251
7.686
10.286
13.765
18.420
24.650
32.988
44.145
59.076
79.057
105.796
141.578
189.464
253.545
339.300

6%

Uniform Payment Series

Arithmetic Gradient

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

.9434
.8900
.8396
.7921
.7473
.7050
.6651
.6274
.5919
.5584
.5268
.4970
.4688
.4423
.4173
.3936
.3714
.3503
.3305
.3118
.2942
.2775
.2618
.2470
.2330
.2198
.2074
.1956
.1846
.1741
.1643
.1550
.1462
.1379
.1301
.0972
.0727
.0543
.0406
.0303
.0227
.0169
.0126
.00945
.00706
.00528
.00394
.00295

1.0000
.4854
.3141
.2286
.1774
.1434
.1191
.1010
.0870
.0759
.0668
.0593
.0530
.0476
.0430
.0390
.0354
.0324
.0296
.0272
.0250
.0230
.0213
.0197
.0182
.0169
.0157
.0146
.0136
.0126
.0118
.0110
.0103
.00960
.00897
.00646
.00470
.00344
.00254
.00188
.00139
.00103
.00077
.00057
.00043
.00032
.00024
.00018

1.0600
.5454
.3741
.2886
.2374
.2034
.1791
.1610
.1470
.1359
.1268
.1193
.1130
.1076
.1030
.0990
.0954
.0924
.0896
.0872
.0850
.0830
.0813
.0797
.0782
.0769
.0757
.0746
.0736
.0726
.0718
.0710
.0703
.0696
.0690
.0665
.0647
.0634
.0625
.0619
.0614
.0610
.0608
.0606
.0604
.0603
.0602
.0602

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
25.672
28.213
30.906
33.760
36.786
39.993
43.392
46.996
50.815
54.864
59.156
63.706
68.528
73.640
79.058
84.801
90.890
97.343
104.184
111.435
154.762
212.743
290.335
394.171
533.126
719.080
967.928
1 300.9
1 746.6
2 343.0
3 141.1
4 209.1
5 638.3

0.943
1.833
2.673
3.465
4.212
4.917
5.582
6.210
6.802
7.360
7.887
8.384
8.853
9.295
9.712
10.106
10.477
10.828
11.158
11.470
11.764
12.042
12.303
12.550
12.783
13.003
13.211
13.406
13.591
13.765
13.929
14.084
14.230
14.368
14.498
15.046
15.456
15.762
15.991
16.161
16.289
16.385
16.456
16.509
16.549
16.579
16.601
16.618

0
0.485
0.961
1.427
1.884
2.330
2.768
3.195
3.613
4.022
4.421
4.811
5.192
5.564
5.926
6.279
6.624
6.960
7.287
7.605
7.915
8.217
8.510
8.795
9.072
9.341
9.603
9.857
10.103
10.342
10.574
10.799
11.017
11.228
11.432
12.359
13.141
13.796
14.341
14.791
15.160
15.461
15.706
15.903
16.062
16.189
16.290
16.371

0
0.890
2.569
4.945
7.934
11.459
15.450
19.841
24.577
29.602
34.870
40.337
45.963
51.713
57.554
63.459
69.401
75.357
81.306
87.230
93.113
98.941
104.700
110.381
115.973
121.468
126.860
132.142
137.309
142.359
147.286
152.090
156.768
161.319
165.743
185.957
203.109
217.457
229.322
239.043
246.945
253.327
258.453
262.549
265.810
268.395
270.437
272.047

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

newn42040_appB.qxd 1/5/04 10:52 AM Page 575

COMPOUND INTEREST TABLES

7%

Compound Interest Factors

Single Payment

575
7%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
4.141
4.430
4.741
5.072
5.427
5.807
6.214
6.649
7.114
7.612
8.145
8.715
9.325
9.978
10.677
14.974
21.002
29.457
41.315
57.947
81.273
113.990
159.877
224.235
314.502
441.105
618.673
867.720

.9346
.8734
.8163
.7629
.7130
.6663
.6227
.5820
.5439
.5083
.4751
.4440
.4150
.3878
.3624
.3387
.3166
.2959
.2765
.2584
.2415
.2257
.2109
.1971
.1842
.1722
.1609
.1504
.1406
.1314
.1228
.1147
.1072
.1002
.0937
.0668
.0476
.0339
.0242
.0173
.0123
.00877
.00625
.00446
.00318
.00227
.00162
.00115

1.0000
.4831
.3111
.2252
.1739
.1398
.1156
.0975
.0835
.0724
.0634
.0559
.0497
.0443
.0398
.0359
.0324
.0294
.0268
.0244
.0223
.0204
.0187
.0172
.0158
.0146
.0134
.0124
.0114
.0106
.00980
.00907
.00841
.00780
.00723
.00501
.00350
.00246
.00174
.00123
.00087
.00062
.00044
.00031
.00022
.00016
.00011
.00008

1.0700
.5531
.3811
.2952
.2439
.2098
.1856
.1675
.1535
.1424
.1334
.1259
.1197
.1143
.1098
.1059
.1024
.0994
.0968
.0944
.0923
.0904
.0887
.0872
.0858
.0846
.0834
.0824
.0814
.0806
.0798
.0791
.0784
.0778
.0772
.0750
.0735
.0725
.0717
.0712
.0709
.0706
.0704
.0703
.0702
.0702
.0701
.0701

1.000
2.070
3.215
4.440
5.751
7.153
8.654
10.260
11.978
13.816
15.784
17.888
20.141
22.551
25.129
27.888
30.840
33.999
37.379
40.996
44.865
49.006
53.436
58.177
63.249
68.677
74.484
80.698
87.347
94.461
102.073
110.218
118.934
128.259
138.237
199.636
285.750
406.530
575.930
813.523
1 146.8
1 614.1
2 269.7
3 189.1
4 478.6
6 287.2
8 823.9
12 381.7

0.935
1.808
2.624
3.387
4.100
4.767
5.389
5.971
6.515
7.024
7.499
7.943
8.358
8.745
9.108
9.447
9.763
10.059
10.336
10.594
10.836
11.061
11.272
11.469
11.654
11.826
11.987
12.137
12.278
12.409
12.532
12.647
12.754
12.854
12.948
13.332
13.606
13.801
13.940
14.039
14.110
14.160
14.196
14.222
14.240
14.253
14.263
14.269

0
0.483
0.955
1.416
1.865
2.303
2.730
3.147
3.552
3.946
4.330
4.703
5.065
5.417
5.758
6.090
6.411
6.722
7.024
7.316
7.599
7.872
8.137
8.392
8.639
8.877
9.107
9.329
9.543
9.749
9.947
10.138
10.322
10.499
10.669
11.423
12.036
12.529
12.921
13.232
13.476
13.666
13.814
13.927
14.015
14.081
14.132
14.170

0
0.873
2.506
4.795
7.647
10.978
14.715
18.789
23.140
27.716
32.467
37.351
42.330
47.372
52.446
57.527
62.592
67.622
72.599
77.509
82.339
87.079
91.720
96.255
100.677
104.981
109.166
113.227
117.162
120.972
124.655
128.212
131.644
134.951
138.135
152.293
163.756
172.905
180.124
185.768
190.145
193.519
196.104
198.075
199.572
200.704
201.558
202.200

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

newn42040_appB.qxd 1/5/04 10:52 AM Page 576

576

COMPOUND INTEREST TABLES

8%

Compound Interest Factors

Single Payment

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
5.034
5.437
5.871
6.341
6.848
7.396
7.988
8.627
9.317
10.063
10.868
11.737
12.676
13.690
14.785
21.725
31.920
46.902
68.914
101.257
148.780
218.607
321.205
471.956
693.458
1 018.9
1 497.1
2 199.8

.9259
.8573
.7938
.7350
.6806
.6302
.5835
.5403
.5002
.4632
.4289
.3971
.3677
.3405
.3152
.2919
.2703
.2502
.2317
.2145
.1987
.1839
.1703
.1577
.1460
.1352
.1252
.1159
.1073
.0994
.0920
.0852
.0789
.0730
.0676
.0460
.0313
.0213
.0145
.00988
.00672
.00457
.00311
.00212
.00144
.00098
.00067
.00045

8%

Uniform Payment Series

Sinking
Fund
Factor
Find A
Given F
A/F
1.0000
.4808
.3080
.2219
.1705
.1363
.1121
.0940
.0801
.0690
.0601
.0527
.0465
.0413
.0368
.0330
.0296
.0267
.0241
.0219
.0198
.0180
.0164
.0150
.0137
.0125
.0114
.0105
.00962
.00883
.00811
.00745
.00685
.00630
.00580
.00386
.00259
.00174
.00118
.00080
.00054
.00037
.00025
.00017
.00012
.00008
.00005
.00004

Arithmetic Gradient

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1.0800
.5608
.3880
.3019
.2505
.2163
.1921
.1740
.1601
.1490
.1401
.1327
.1265
.1213
.1168
.1130
.1096
.1067
.1041
.1019
.0998
.0980
.0964
.0950
.0937
.0925
.0914
.0905
.0896
.0888
.0881
.0875
.0869
.0863
.0858
.0839
.0826
.0817
.0812
.0808
.0805
.0804
.0802
.0802
.0801
.0801
.0801
.0800

1.000
2.080
3.246
4.506
5.867
7.336
8.923
10.637
12.488
14.487
16.645
18.977
21.495
24.215
27.152
30.324
33.750
37.450
41.446
45.762
50.423
55.457
60.893
66.765
73.106
79.954
87.351
95.339
103.966
113.283
123.346
134.214
145.951
158.627
172.317
259.057
386.506
573.771
848.925
1 253.2
1 847.3
2 720.1
4 002.6
5 887.0
8 655.7
12 724.0
18 701.6
27 484.6

0.926
1.783
2.577
3.312
3.993
4.623
5.206
5.747
6.247
6.710
7.139
7.536
7.904
8.244
8.559
8.851
9.122
9.372
9.604
9.818
10.017
10.201
10.371
10.529
10.675
10.810
10.935
11.051
11.158
11.258
11.350
11.435
11.514
11.587
11.655
11.925
12.108
12.233
12.319
12.377
12.416
12.443
12.461
12.474
12.482
12.488
12.492
12.494

0
0.481
0.949
1.404
1.846
2.276
2.694
3.099
3.491
3.871
4.240
4.596
4.940
5.273
5.594
5.905
6.204
6.492
6.770
7.037
7.294
7.541
7.779
8.007
8.225
8.435
8.636
8.829
9.013
9.190
9.358
9.520
9.674
9.821
9.961
10.570
11.045
11.411
11.690
11.902
12.060
12.178
12.266
12.330
12.377
12.412
12.437
12.455

0
0.857
2.445
4.650
7.372
10.523
14.024
17.806
21.808
25.977
30.266
34.634
39.046
43.472
47.886
52.264
56.588
60.843
65.013
69.090
73.063
76.926
80.673
84.300
87.804
91.184
94.439
97.569
100.574
103.456
106.216
108.858
111.382
113.792
116.092
126.042
133.733
139.593
144.006
147.300
149.739
151.533
152.845
153.800
154.492
154.993
155.352
155.611

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

newn42040_appB.qxd 1/5/04 10:52 AM Page 577

COMPOUND INTEREST TABLES

9%

Compound Interest Factors

Single Payment

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
6.109
6.659
7.258
7.911
8.623
9.399
10.245
11.167
12.172
13.268
14.462
15.763
17.182
18.728
20.414
31.409
48.327
74.358
114.409
176.032
270.847
416.731
641.193
986.555
1 517.9
2 335.5
3 593.5
5 529.1

.9174
.8417
.7722
.7084
.6499
.5963
.5470
.5019
.4604
.4224
.3875
.3555
.3262
.2992
.2745
.2519
.2311
.2120
.1945
.1784
.1637
.1502
.1378
.1264
.1160
.1064
.0976
.0895
.0822
.0754
.0691
.0634
.0582
.0534
.0490
.0318
.0207
.0134
.00874
.00568
.00369
.00240
.00156
.00101
.00066
.00043
.00028
.00018

9%

Uniform Payment Series

Sinking
Fund
Factor
Find A
Given F
A/F
1.0000
.4785
.3051
.2187
.1671
.1329
.1087
.0907
.0768
.0658
.0569
.0497
.0436
.0384
.0341
.0303
.0270
.0242
.0217
.0195
.0176
.0159
.0144
.0130
.0118
.0107
.00973
.00885
.00806
.00734
.00669
.00610
.00556
.00508
.00464
.00296
.00190
.00123
.00079
.00051
.00033
.00022
.00014
.00009
.00006
.00004
.00003
.00002

577

Arithmetic Gradient

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1.0900
.5685
.3951
.3087
.2571
.2229
.1987
.1807
.1668
.1558
.1469
.1397
.1336
.1284
.1241
.1203
.1170
.1142
.1117
.1095
.1076
.1059
.1044
.1030
.1018
.1007
.0997
.0989
.0981
.0973
.0967
.0961
.0956
.0951
.0946
.0930
.0919
.0912
.0908
.0905
.0903
.0902
.0901
.0901
.0901
.0900
.0900
.0900

1.000
2.090
3.278
4.573
5.985
7.523
9.200
11.028
13.021
15.193
17.560
20.141
22.953
26.019
29.361
33.003
36.974
41.301
46.019
51.160
56.765
62.873
69.532
76.790
84.701
93.324
102.723
112.968
124.136
136.308
149.575
164.037
179.801
196.983
215.711
337.883
525.860
815.085
1 260.1
1 944.8
2 998.3
4 619.2
7 113.3
10 950.6
16 854.9
25 939.3
39 916.8
61 422.9

0.917
1.759
2.531
3.240
3.890
4.486
5.033
5.535
5.995
6.418
6.805
7.161
7.487
7.786
8.061
8.313
8.544
8.756
8.950
9.129
9.292
9.442
9.580
9.707
9.823
9.929
10.027
10.116
10.198
10.274
10.343
10.406
10.464
10.518
10.567
10.757
10.881
10.962
11.014
11.048
11.070
11.084
11.094
11.100
11.104
11.106
11.108
11.109

0
0.478
0.943
1.393
1.828
2.250
2.657
3.051
3.431
3.798
4.151
4.491
4.818
5.133
5.435
5.724
6.002
6.269
6.524
6.767
7.001
7.223
7.436
7.638
7.832
8.016
8.191
8.357
8.515
8.666
8.808
8.944
9.072
9.193
9.308
9.796
10.160
10.430
10.626
10.768
10.870
10.943
10.994
11.030
11.055
11.073
11.085
11.093

0
0.842
2.386
4.511
7.111
10.092
13.375
16.888
20.571
24.373
28.248
32.159
36.073
39.963
43.807
47.585
51.282
54.886
58.387
61.777
65.051
68.205
71.236
74.143
76.927
79.586
82.124
84.542
86.842
89.028
91.102
93.069
94.931
96.693
98.359
105.376
110.556
114.325
117.036
118.968
120.334
121.294
121.965
122.431
122.753
122.976
123.129
123.233

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8
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578

COMPOUND INTEREST TABLES

10%

Compound Interest Factors

Single Payment

10%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
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23
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28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
6.728
7.400
8.140
8.954
9.850
10.835
11.918
13.110
14.421
15.863
17.449
19.194
21.114
23.225
25.548
28.102
45.259
72.891
117.391
189.059
304.482
490.371
789.748
1 271.9
2 048.4
3 299.0
5 313.0
8 556.7
13 780.6

.9091
.8264
.7513
.6830
.6209
.5645
.5132
.4665
.4241
.3855
.3505
.3186
.2897
.2633
.2394
.2176
.1978
.1799
.1635
.1486
.1351
.1228
.1117
.1015
.0923
.0839
.0763
.0693
.0630
.0573
.0521
.0474
.0431
.0391
.0356
.0221
.0137
.00852
.00529
.00328
.00204
.00127
.00079
.00049
.00030
.00019
.00012
.00007

1.0000
.4762
.3021
.2155
.1638
.1296
.1054
.0874
.0736
.0627
.0540
.0468
.0408
.0357
.0315
.0278
.0247
.0219
.0195
.0175
.0156
.0140
.0126
.0113
.0102
.00916
.00826
.00745
.00673
.00608
.00550
.00497
.00450
.00407
.00369
.00226
.00139
.00086
.00053
.00033
.00020
.00013
.00008
.00005
.00003
.00002
.00001
.00001

1.1000
.5762
.4021
.3155
.2638
.2296
.2054
.1874
.1736
.1627
.1540
.1468
.1408
.1357
.1315
.1278
.1247
.1219
.1195
.1175
.1156
.1140
.1126
.1113
.1102
.1092
.1083
.1075
.1067
.1061
.1055
.1050
.1045
.1041
.1037
.1023
.1014
.1009
.1005
.1003
.1002
.1001
.1001
.1000
.1000
.1000
.1000
.1000

1.000
2.100
3.310
4.641
6.105
7.716
9.487
11.436
13.579
15.937
18.531
21.384
24.523
27.975
31.772
35.950
40.545
45.599
51.159
57.275
64.003
71.403
79.543
88.497
98.347
109.182
121.100
134.210
148.631
164.494
181.944
201.138
222.252
245.477
271.025
442.593
718.905
1 163.9
1 880.6
3 034.8
4 893.7
7 887.5
12 709.0
20 474.0
32 979.7
53 120.3
85 556.9
137 796.3

0.909
1.736
2.487
3.170
3.791
4.355
4.868
5.335
5.759
6.145
6.495
6.814
7.103
7.367
7.606
7.824
8.022
8.201
8.365
8.514
8.649
8.772
8.883
8.985
9.077
9.161
9.237
9.307
9.370
9.427
9.479
9.526
9.569
9.609
9.644
9.779
9.863
9.915
9.947
9.967
9.980
9.987
9.992
9.995
9.997
9.998
9.999
9.999

0
0.476
0.937
1.381
1.810
2.224
2.622
3.004
3.372
3.725
4.064
4.388
4.699
4.996
5.279
5.549
5.807
6.053
6.286
6.508
6.719
6.919
7.108
7.288
7.458
7.619
7.770
7.914
8.049
8.176
8.296
8.409
8.515
8.615
8.709
9.096
9.374
9.570
9.708
9.802
9.867
9.911
9.941
9.961
9.974
9.983
9.989
9.993

0
0.826
2.329
4.378
6.862
9.684
12.763
16.029
19.421
22.891
26.396
29.901
33.377
36.801
40.152
43.416
46.582
49.640
52.583
55.407
58.110
60.689
63.146
65.481
67.696
69.794
71.777
73.650
75.415
77.077
78.640
80.108
81.486
82.777
83.987
88.953
92.454
94.889
96.562
97.701
98.471
98.987
99.332
99.561
99.712
99.812
99.877
99.920

1
2
3
4
5
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7
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9
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COMPOUND INTEREST TABLES

12%

Compound Interest Factors

Single Payment

579
12%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
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29
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31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

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
10.804
12.100
13.552
15.179
17.000
19.040
21.325
23.884
26.750
29.960
33.555
37.582
42.092
47.143
52.800
93.051
163.988
289.002
509.321
897.597
1 581.9
2 787.8
4 913.1
8 658.5
15 259.2
26 891.9
47 392.8
83 522.3

.8929
.7972
.7118
.6355
.5674
.5066
.4523
.4039
.3606
.3220
.2875
.2567
.2292
.2046
.1827
.1631
.1456
.1300
.1161
.1037
.0926
.0826
.0738
.0659
.0588
.0525
.0469
.0419
.0374
.0334
.0298
.0266
.0238
.0212
.0189
.0107
.00610
.00346
.00196
.00111
.00063
.00036
.00020
.00012
.00007
.00004
.00002
.00001

1.0000
.4717
.2963
.2092
.1574
.1232
.0991
.0813
.0677
.0570
.0484
.0414
.0357
.0309
.0268
.0234
.0205
.0179
.0158
.0139
.0122
.0108
.00956
.00846
.00750
.00665
.00590
.00524
.00466
.00414
.00369
.00328
.00292
.00260
.00232
.00130
.00074
.00042
.00024
.00013
.00008
.00004
.00002
.00001
.00001

1.1200
.5917
.4163
.3292
.2774
.2432
.2191
.2013
.1877
.1770
.1684
.1614
.1557
.1509
.1468
.1434
.1405
.1379
.1358
.1339
.1322
.1308
.1296
.1285
.1275
.1267
.1259
.1252
.1247
.1241
.1237
.1233
.1229
.1226
.1223
.1213
.1207
.1204
.1202
.1201
.1201
.1200
.1200
.1200
.1200
.1200
.1200
.1200

1.000
2.120
3.374
4.779
6.353
8.115
10.089
12.300
14.776
17.549
20.655
24.133
28.029
32.393
37.280
42.753
48.884
55.750
63.440
72.052
81.699
92.503
104.603
118.155
133.334
150.334
169.374
190.699
214.583
241.333
271.293
304.848
342.429
384.521
431.663
767.091
1 358.2
2 400.0
4 236.0
7 471.6
13 173.9
23 223.3
40 933.8
72 145.7
127 151.7
224 091.1
394 931.4
696 010.5

0.893
1.690
2.402
3.037
3.605
4.111
4.564
4.968
5.328
5.650
5.938
6.194
6.424
6.628
6.811
6.974
7.120
7.250
7.366
7.469
7.562
7.645
7.718
7.784
7.843
7.896
7.943
7.984
8.022
8.055
8.085
8.112
8.135
8.157
8.176
8.244
8.283
8.304
8.317
8.324
8.328
8.330
8.332
8.332
8.333
8.333
8.333
8.333

0
0.472
0.925
1.359
1.775
2.172
2.551
2.913
3.257
3.585
3.895
4.190
4.468
4.732
4.980
5.215
5.435
5.643
5.838
6.020
6.191
6.351
6.501
6.641
6.771
6.892
7.005
7.110
7.207
7.297
7.381
7.459
7.530
7.596
7.658
7.899
8.057
8.160
8.225
8.266
8.292
8.308
8.318
8.324
8.328
8.330
8.331
8.332

0
0.797
2.221
4.127
6.397
8.930
11.644
14.471
17.356
20.254
23.129
25.952
28.702
31.362
33.920
36.367
38.697
40.908
42.998
44.968
46.819
48.554
50.178
51.693
53.105
54.418
55.637
56.767
57.814
58.782
59.676
60.501
61.261
61.961
62.605
65.116
66.734
67.762
68.408
68.810
69.058
69.210
69.303
69.359
69.393
69.414
69.426
69.434

1
2
3
4
5
6
7
8
9
10
11
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newn42040_appB.qxd 1/5/04 10:52 AM Page 580

580

COMPOUND INTEREST TABLES

15%

Compound Interest Factors

Single Payment

15%

Uniform Payment Series

Arithmetic Gradient

Compound
Amount
Factor
Find F
Given P
F/P

Present
Worth
Factor
Find P
Given F
P/F

Sinking
Fund
Factor
Find A
Given F
A/F

Capital
Recovery
Factor
Find A
Given P
A/P

Compound
Amount
Factor
Find F
Given A
F/A

Present
Worth
Factor
Find P
Given A
P/A

Gradient
Uniform
Series
Find A
Given G
A/G

Gradient
Present
Worth
Find P
Given G
P/G

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
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26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85

1.150
1.322
1.521
1.749
2.011
2.313
2.660
3.059
3.518
4.046
4.652
5.350
6.153
7.076
8.137
9.358
10.761
12.375
14.232
16.367
18.822
21.645
24.891
28.625
32.919
37.857
43.535
50.066
57.575
66.212
76.144
87.565
100.700
115.805
133.176
267.864
538.769
1 083.7
2 179.6
4 384.0
8 817.8
17 735.7
35 672.9
71 750.9
144 316.7

.8696
.7561
.6575
.5718
.4972
.4323
.3759
.3269
.2843
.2472
.2149
.1869
.1625
.1413
.1229
.1069
.0929
.0808
.0703
.0611
.0531
.0462
.0402
.0349
.0304
.0264
.0230
.0200
.0174
.0151
.0131
.0114
.00993
.00864
.00751
.00373
.00186
.00092
.00046
.00023
.00011
.00006
.00003
.00001
.00001

1.0000
.4651
.2880
.2003
.1483
.1142
.0904
.0729
.0596
.0493
.0411
.0345
.0291
.0247
.0210
.0179
.0154
.0132
.0113
.00976
.00842
.00727
.00628
.00543
.00470
.00407
.00353
.00306
.00265
.00230
.00200
.00173
.00150
.00131
.00113
.00056
.00028
.00014
.00007
.00003
.00002
.00001

1.1500
.6151
.4380
.3503
.2983
.2642
.2404
.2229
.2096
.1993
.1911
.1845
.1791
.1747
.1710
.1679
.1654
.1632
.1613
.1598
.1584
.1573
.1563
.1554
.1547
.1541
.1535
.1531
.1527
.1523
.1520
.1517
.1515
.1513
.1511
.1506
.1503
.1501
.1501
.1500
.1500
.1500
.1500
.1500
.1500

1.000
2.150
3.472
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
118.810
137.632
159.276
184.168
212.793
245.712
283.569
327.104
377.170
434.745
500.957
577.100
664.666
765.365
881.170
1 779.1
3 585.1
7 217.7
14 524.1
29 220.0
58 778.6
118 231.5
237 812.5
478 332.6
962 104.4

0.870
1.626
2.283
2.855
3.352
3.784
4.160
4.487
4.772
5.019
5.234
5.421
5.583
5.724
5.847
5.954
6.047
6.128
6.198
6.259
6.312
6.359
6.399
6.434
6.464
6.491
6.514
6.534
6.551
6.566
6.579
6.591
6.600
6.609
6.617
6.642
6.654
6.661
6.664
6.665
6.666
6.666
6.666
6.667
6.667

0
0.465
0.907
1.326
1.723
2.097
2.450
2.781
3.092
3.383
3.655
3.908
4.144
4.362
4.565
4.752
4.925
5.084
5.231
5.365
5.488
5.601
5.704
5.798
5.883
5.961
6.032
6.096
6.154
6.207
6.254
6.297
6.336
6.371
6.402
6.517
6.583
6.620
6.641
6.653
6.659
6.663
6.665
6.666
6.666

0
0.756
2.071
3.786
5.775
7.937
10.192
12.481
14.755
16.979
19.129
21.185
23.135
24.972
26.693
28.296
29.783
31.156
32.421
33.582
34.645
35.615
36.499
37.302
38.031
38.692
39.289
39.828
40.315
40.753
41.147
41.501
41.818
42.103
42.359
43.283
43.805
44.096
44.256
44.343
44.390
44.416
44.429
44.436
44.440

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85