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PARRY'S VALUATION AND

INVESTMENT TABLES

First published in 19 13, Richard Parry's Valuation and Investment Tables has
since become an essential tool for students and professionals in the study and
practice of valuation and appraisal. That the book has reached its centenary year
in print and thirteenth edition is a testament to its acclaim by the valuation and
property professionals in an era of calculators and computers, and furthermore a
tribute to the historical importance of Parry's original vision and continued
legacy.
The purpose of the book is to provide a comprehensive range of different
valuation and investment tables in one volume. Although many of the tables will
be used mainly by practising surveyors for valuation purposes, they will also be
useful to accountants and others concerned with various types of investment and
financial calculations.
Surveyors valuing freehold or leasehold interests in property have the choice
of using (a) annually in arrear, or (b) quarterly in advance figures of years'
purchase. The relevant tables for each concept are printed on different coloured
pages for ease of reference.
In practice today, calculations are required for a variety of purposes which
often justify more than one approach. To allow for this, Internal Rates of Return
tables have been retained. Using these tables, both growth and non-growth
scenarios can be analysed for a more detailed appraisal of specific freehold
properties and to provide a basis for more in-depth investment advice.

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PARRYS

VALUATION
AND

INVESTMENT TABLES

ALICK W. DAVIDSON
BSc FRICS, CIHM (Hon)

Formerly: Visiting Professor, University o f Westminister


H ead o f Valuation Section, University o f Reading and
H ead o f Valuation Department, College ofE state
Management

Previous edition published 2002


by EG Books
This edition published 20 1 3 by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX 1 4 4RN
Simultaneously published in the USA and Canada
by Routledge
7 1 1 Third Avenue, New York, NY 1 0 0 1 7
Routledge i s a n imprint o fthe Taylor

& Francis Group, a n informa business

20 1 3 The College of Estate Management


All rights reserved. No part of this book may be reprinted or reproduced or
utilised in any form or by any electronic, mechanical, or other means, now known
or hereafter invented, including photocopying and recording, or in any
information storage or retrieval system, without permission in writing from the
publishers.
Trademark notice: Product or corporate names may be trademarks or registered
trademarks, and are used only for identification and explanation without intent to
infringe.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging in Publication Data
Davidson, Alick W.
Parry' s valuation and investment tables
p. em.

I A lick W. Davidson. - 1 3 th ed,

I. Real property - Valuation - England. I. Title.

HD 1 3 87 .D3298 20 1 3
6 5 0 . 0 1 '5 1 3-dc23

I S BN: 97 8-0-08-097 1 3 5-3 (hbk)


I S BN: 97 8-0-4 1 5-54047-6 (limited edition)
I S BN: 97 8-0-08-097 1 46-9 (ebk)
Typeset in Times
by Wearset Ltd, Boldon, Tyne and Wear

2 0 1 2023 533

FOREWORD

Parry's book of Valuation and Investment Tables is Richard Parry's immensely


practical aid to property valuation. Its rise in popularity tracks the growth and
significance of the property profession and a quick scan of the bookshelf of
almost any commercial property professional will usually reveal a copy in one
of the 12 editions from 19 13 to 2002. Many will be well thumbed and in regular
use and, despite the advent of spreadsheets and dedicated valuation software, the
tables remain a valued and authoritative point of reference for practitioners and
students alike.
In the foreword to the last edition, my predecessor speculated that Richard
Parry, who went on to become the first Principal of The College of Estate Man
agement (CEM) in 19 19, may not have anticipated the longevity of his work. I
venture to add that he would have been amazed by its international appeal over
the intervening ten decades, during which it has sold widely in Africa, the USA,
the Middle East and Asia in addition to the UK.
Alick Davidson's involvement with the tables for over 40 years is no less
remarkable. In this edition he has undertaken a revision involving a new
approach for practitioners valuing life interests. It will enable them to undertake
their own calculations based on up-to-date statistical data as they become avail
able, rather than referring to published life tables which date rapidly given
today's changing life expectancies.
One hundred years is a long time for any book to be continuously in print,
and it is an even rarer event for a textbook, so it is fitting that such a landmark
should be commemorated by a special Centenary Edition. I am very pleased to
mark not only this centenary, but also the enduring relationship between CEM,
Alick Davidson and the publisher, Routledge, which now owns the Estates
Gazette booklist.

Dr Ann Heywood PhD, FRICS, FRGS, MCMI


Principal of The College of Estate Management

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VI

PREFACE
TO THE THIRTEENTH EDITION

THE VALUATION TABLES were prepared for the first time in 19 13 by the late
Richard Parry. The new edition is therefore the Centenary Edition which marks
100 years of continuous use of 'Parry's Tables'.
It is interesting to consider how the tables have changed over the years. The
first edition contained eight main valuation tables printed on 124 pages; today
there are over 500 pages. In addition there were I I separate life tables, a table
for Timber Measurers and a table of Years' Purchase for the Enfranchisement of
Copyholds which could be used for the valuation of fines arbitrary, fines certain,
reliefs and heriots! When compared with current practice, it provides an interest
ing observation on the changing nature of the range of work carried out by valu
ation surveyors over the years.
Another major difference is that the first edition included a 120-page section
covering the Application and Use of Valuation Tables. This was, in effect, an
instruction text with over 100 examples for the benefit of students and practising
surveyors. However, this approach was short-lived. For the second edition, the
author considered that it would be better for the tables to be presented in a single
volume, with the Application and Use section published as a separate book. Unfor
tunately, due to the author's illness, publication of this new book was delayed until
1925. Although the work for this new book was essentially that of Richard Parry,
new examples and chapters were added, with Leonard Gumbrell as the editor. The
fourth (and possibly the last) edition of this separate book was published in 1936.
When the tables were printed for the first time in 19 13, considerable contro
versy existed over the use of dual rate tables of Years' Purchase in preference to
single rate tables for the valuation of terminable incomes. The decision to
include both tables in the first edition and to print them on the same page for
ease of comparison was one of the main reasons for the general acceptance of
the dual rate principle in valuation theory.
The purpose of this book is to provide a comprehensive set of tables available
in one volume to meet the requirements of current practice. Certain tables have
been added and others omitted over the years, and in the eighth edition, new
tables were added dealing with the various effects of taxation.
In recent editions, Years' Purchase tables based on the assumption that
income is received quarterly in advance have been included. However, the tradi
tional approach to Years' Purchase, where income is deemed to be received
annually in arrear is retained. In this way, a more comprehensive approach is
achieved where both sets of tables are available within one volume.
vii

PREFACE
It has been a tradition in past editions to provide tables in response to the
demand for them and not to advocate which tables should be used in a particular
set of circumstances, and I have endeavoured to follow this principle. In practice
today, numerous calculations are required for a variety of purposes which often
justify more than one approach. With this in mind, the Internal Rates of Return
(IRR) tables which may be used for property investment analysis were intro
duced. Using the IRR tables, both growth and non-growth scenarios can be ana
lysed to provide a more detailed appraisal and form the basis for more in-depth
investment advice. With a comprehensive set of tables available, users of this
book are free to decide which table to use according to the circumstances pre
vailing and the assumptions to be made.
A new approach has been adopted for Years' Purchase for various life inter
ests. These are no longer included as tables in the main section of the book. An
explanation of this new approach is included in the section on The Construction
and Use of the Tables.
In a book of tables, manual typesetting is always a possible source of error
and to avoid this, the new methods which were introduced for most of the tables
in the ninth edition have been extended. These methods involved the use of dif
ferent computers and filmsetters for which a considerable number of programs
were written for computation, tabulation and pagination. For example, ICL 4 100
and Elliott 903 computers were used by Elliott Automation to punch nearly three
miles of paper tape to drive a Photon 7 13 filmsetter for the production of many
tables in the ninth edition.
Subsequently, an IBM 360/40 computer and Fototronic CRT filmsetter
(capable of transmitting data at speeds varying up to 60,000 characters per
second) and an APS-5 phototypesetter were used by C.R. Barber & Partners to
produce the calculations and new tables for the later editions. Keyword
Typesetting Services Ltd produced new tables introduced for the twelfth edition
on a desktop PC running Windows 98SE and Microsoft Excel 2000. These
tables have been reproduced in this thirteenth edition.
All the tables in this edition have been typeset by these methods with the excep
tion of the Internal Rates of Return (with no growth), and Decimals of one pound
which were all computed elsewhere and typeset in the conventional way. For ease
of reference the Quarterly in Advance tables are coloured green (except pages
35-37); the Metric Conversion Tables are coloured pink and the Years' Purchase
annually in arrear tables (adjusted for tax) are coloured yellow.
I am indebted to the late Richard Parry and to those who followed him for
their work in earlier editions. I should like to thank Dr Qi Tang, Reader in Math
ematics at Sussex University, for his work and advice, particularly on the
content of the Construction and Use of the Tables section. I am particularly
grateful to Sylvia Osborn and Paul Halford of The College of Estate Manage
ment; we met on several occasions to consider the content and scope of the new
Centenary Edition. Their help and advice was much appreciated.
My thanks go to Ed Needle for all the help he has given on publishing the book.
My wife undertook many unforeseen tasks and her encouragement during the
months of preparation was an immense help.
viii

PREFACE
The tables produced on the 900 Series, the 4 100 Series, the 360/40 and the
434 1 Series computers were calculated to a degree of accuracy of 0.50 of the
last decimal retained where the printed multipliers do not exceed seven figures.
It will be realised that the degree of accuracy will depend on the number of
digits held by the computer. For example, in all the calculations on the IBM
360/40 computer, including the higher rates used in the Amount of I and the
Amount of 1 per annum tables, a 'word-length' equivalent to 16 decimal digits
was used.
Although accuracy is a matter of degree and in a book of this nature can never
be absolutely guaranteed, it is believed that the system of computer typesetting
and the extreme care exercised in the subsequent checking will enable the user
to have considerable confidence in the level of accuracy achieved.
Finally I should like to record my sincere thanks to Dr Ann Heywood for her
interest and support in the preparation of this book.
ALlCK DAVIDSON
January 20 13

ix

The majority of these tables were calculated on the 900 Series, the 4100 Series,
the 360/40 Series and the 4341 Series computers to a degree ofaccuracy of0.50
of the last decimal retained where the printed multipliers do not exceed seven
figures. It will be realised that the degree ofaccuracy will depend on the number
of digits held by the computer. For example, in all the calculations on the IBM
360/40 computer, including the higher rates used in the Amount of I and the
Amount of I per annum tables, a 'word-length' equivalent to 16 decimal digits
was used.
All the tables calculated on the computers mentioned above were printed
using a computer-linked Photon typesetter, a Fototronic CRT filmsetter or an
APS5 phototypesetter. The new tables added in the twelfth edition were pro
duced on a desktop PC running Windows 98SE and Microsoft Excel 2000.
The above approach should ensure that a high level of accuracy has been
achieved. Further information is given in the preface to this edition. It will be
appreciated that absolute accuracy can never be guaranteed in a book of this
nature.

TABLE OF CONTENTS

PAGE
COLOUR

PAGE
The Construction and Use of the Tables

XIII

TABLES WITHOUT ALLOWANCE FOR TAX

Green
Green
White
White
White
White
White
White
White
White
White
White
White
White

Years' Purchase (Single Rate) Quarterly in Advance


Years' Purchase (Dual Rate) Quarterly in Advance
Yield Conversion Tables
(Nominal and Effective Yields)
Years' Purchase in Perpetuity
Years' Purchase (Single Rate)
Years' Purchase (Dual Rate)
Years' Purchase of a Reversion to a Perpetuity
Present Value of 1
Annual Sinking Fund
Amount of 1
Amount of 1 per annum
Annuity 1 Will Purchase (Single Rate)
Internal Rates of Return (with no growth)
Internal Rates of Return (growth)

1
15

29
35
39
53
73
89

I ll
123
14 1
157
179
195

METRIC CONVERSION TABLES

Pink
Pink
Pink
Pink
Pink
Pink
Pink
Pink
Pink

Decimals of one pound


Feet-Yards/Metres
Square Feet-Square Yards/Square Metres
Acres/Hectares
Cubic Feet/Cubic Metres
Price per Square Foot to Price per Square Metre
Price per Cubic Foot to Price per Cubic Metre
Price per Acre to Price per Hectare

TAX ADJUSTMENT FACTORS

xi

240
242
248
254
258
260
262
264
267

TABLE OF C ONTENTS
TABLES WITH ALLOWANCE FOR TAXATION
YEARS' PURCHASE QUARTERLY IN ADVANCE TABLES
Green
Green
Green
Green
Green
Green
Green

Years' Purchase (Dual


Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual

Rate)
Rate)
Rate)
Rate)
Rate)
Rate)
Rate)

tax
tax
tax
tax
tax
tax
tax

at 10%
at 20%
at 25%
at 30%
at 35%
at 40%
at 50%

271
285
299
313
327
341
355

YEARS' PURCHASE ANNUALLY TN ARREAR TABLES


Yellow
Yellow
Yellow
Yellow
Yellow
Yellow
Yellow

Years' Purchase (Dual


Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual
Years' Purchase (Dual

Rate)
Rate)
Rate)
Rate)
Rate)
Rate)
Rate)

tax
tax
tax
tax
tax
tax
tax

at 10%
at 20%
at 25%
at 30%
at 35%
at 40%
at 50%

369
389
409
429
449
469
489

YEARS' PURCHASE FOR LIFE


Calculations for Years' Purchase for Life are given in The Construction and Use
of the Tables section. The following Years' Purchase figures are included on
pages xxvi to xxx:
Years' Purchase for a Single Life
Years' Purchase for the Joint Continuation of Two Lives
Years' Purchase for the Longer of Two Lives.

xii

THE CONSTRUCTION AND USE


of the
TABLES

INTRODUCTION
In valuation practice and other studies in land use where some aspect of finan
cial analysis is involved, compound interest calculations of a tedious nature are
frequently required. Valuation and financial tables may be used to reduce the
time-consuming element involved in these calculations.
Due to the various assumptions that may be made in valuation theory, finan
cial analysis and other studies, it is desirable that a wide range of tables should
be available. With this approach, a free choice may be made and valuers can
select the appropriate table to be used for a particular problem having regard to
the circumstances involved.
A number of significant changes have occurred since the first valuation tables
were produced; new tables have been introduced and others discarded as the
demand for them changed. In this way the book has kept up with the require
ments of modem practice.
In recent editions, a number of changes have been introduced.

1. The Years' Purchase tables based on the assumption that income is received
quarterly in advance have been extended and given more prominence in response
to increased interest and discussion by valuation surveyors concerning their use.
However, as many valuers still use the more traditional approach, years' pur
chase figures based on incomes received annually in arrear still form an import
ant section in this volume. This means that a more comprehensive coverage is
available by including both bases. To avoid confusion, the Quarterly in Advance
Single and Dual Rate Years' Purchase tables have all been printed in separate
sections on green pages, so that these tables can be easily identified.
However, the much shorter Years' Purchase in Perpetuity tables for both
quarterly in advance and annually in arrear have been printed on the same page
in the white section for ease of comparison.
In a volume of this nature, the objective is to provide the necessary tables to
enable a wide choice to be made. It is not considered appropriate to suggest
which table should be used for a particular valuation where alternative
approaches are available. This should be decided by reference to textbooks and
relevant articles in professional journals. Where a choice exists, this must be
determined by having regard to experience, methods of analysis and the circum
stances involved.
xiii

2. The concept of valuing incomes on a quarterly in advance basis introduces


the need to quantify the difference between nominal yields where incomes are
annually in arrear and effective yields where incomes are on a quarterly in
advance basis. Two tables have now been introduced to provide for the conver
sion of Nominal Yields to Effective Yields and vice versa.

3. There has been a demand for a much wider range of tax rates from survey
ors in countries where different tax regimes exist. Lower rates of tax have now
been included for both sets of Years' Purchase Dual Rate tax adjusted tables.
4. The tables of Internal Rates of Return (IRR) which are included in this
volume, enable freehold investment transactions to be analysed where certain
variables are known. The IRR (without growth) tables will indicate the internal
rate of return that has been achieved for a completed or a prospective
transaction.
The second IRR table (with growth) is included to allow further analysis to be
undertaken showing the internal rates of return which will be obtained if antici
pated growth of either 3%, 5% or 7% is achieved over the period to the next rent
review or reversion. In this way, a matrix of returns can be considered to show
the yield which may flow from the investment under different assumptions. By
considering which assumption is most likely, more analytical information is
available for investors. Furthermore, a range of returns can be presented accord
ing to the likelihood or probability of more optimistic or pessimistic estimates of
growth being achieved.

5. Other tables have been extended or updated and some have been omitted
over the years. Far more rates of interest are now available in the Present Value
of 1 table and the Annuity 1 Will Purchase (Single Rate) table.
The Mortgage instalment table and the Dual Rate Annuity tables have not
been included in this edition. Mortgage instalments and dual rate annuity figures
can be obtained directly from the Annunity 1 Will Purchase (Single Rate) and
Years' Purchase (Dual Rate) tables respectively.
6. The Present Value of 1 adjusted for tax table was introduced in the 1960s,
mainly to deal with the concept of tax-free capital appreciation which existed in
the pre-capital gains tax era. This table has now been omitted. Tax adjusted
Present Value (PV) figures can be obtained if required by adjusting the yield
(using the appropriate Net Tax Adjustment Factor on page 269) and using the
adjusted yield in the unadjusted PV of 1 formula given below.

xiv

CONSTRUCTION OF THE TABLES


A brief description of most of the tables included in this volume is given on
the introductory page at the start of each table.
A. The formulae for the four basic compound interest tables are given below.
Proof of these formulae may be found in most financial and valuation textbooks.
(a) Amount of 1 table (pages 123 to 140)
A= ( I + i)n
(b) Present Value of 1 table (pages 89 to 1 10)
PV= ( 1 + i)-n
(c) Amount of I per annum table (pages 14 1 to 156)
Apa=

( 1 + i)n
.
l

(d) Annual Sinking Fund table (pages 1 1 1 to 122)


Asf=

i
(1 + i)n

In the above tables it is assumed that interest is added at the end of each
year.

n= the number of years


i= the interest receivable on each 1.
Therefore if the rate %= R, then i= R/ 100.
B . THE ANNUITY 1 WILL PURCHASE TABLE
This table shows the annuity or income that may be obtained over a given
number of years at various rates of interest for each pound of capital outlay. The
annuity is receivable at the end of each year.
The table may be used to find the annual equivalent of a capital payment or
receipt. Two separate concepts exist so that either the dual rate or single rate
basis may be considered.

Construction ofthe table


Two elements are involved in the formula:
(i) the interest received on the capital outlay, i.e. the remunerative rate expected,
(ii) the replacement of capital over the given period, i.e. the annual sinking
fund to replace the capital invested over this period.
Where the remunerative rate on each 1= i
and the asf to replace 1 over the term= s
The formula for the annuity 1 will purchase is: i + s

(a) Single Rate Annuity table (pages 157 to 178)


With this table, the sinking fund is deemed to accumulate at the same rate of
interest as that required on the capital outlay. For this reason, only one rate of
interest, the remunerative rate, is used in the single rate approach.
XV

Example
Find the annual equivalent of a sum of 3,000 invested in a capital asset
with an expected life of 12 years on an 8% basis.

3,000

Capital Outlay
AnnuityI will purchase for 12 yrs. at 8%
(see page 168)

0132695

Annuity 3,000 will purchase for 12 yrs. at 8% = 398085


Annual Equivalent of 3,000 over 12 yrs. at 8% = 39809
The construction of the single rate annuity table is illustrated by the follow
ing calculation:

i= 0.08
As the required rate of return is 8%
Asf to replace I in 12 yrs. at 8% (see page 121)= 0.052695
i + s= 0.132695
The AnnuityI will purchase for 12 yrs. at 8% = 0.132695
(as above).

(b) The Dual Rate Annuity


This concept is based on the same formula i + s but two separate rates of
interest are involved. The sinking fund is allowed to accumulate over the
required period at a low rate, say 3% but the rate of interest allowed on capital
outlay is the appropriate remunerative rate.
If the previous example is considered on a dual rate basis at 8% and 3%, the
annual equivalent calculation would be:
Capital Outlay
3,000
AnnuityI will purchase for 12 yrs. at 8%
and 3%
0.150462

451386
There is no separate table for the dual rate annuity figures. However, the rele
vant annuity can be found from the Years' Purchase (Dual Rate) table (without
tax), i.e. YP for 12 years at 8% and 3% (no tax) (see page 62)= 66462
Then annuity 1 will purchase dual rate

1
YP dual rate

1
= 01504619
6.6462

The basis for this approach will be apparent if the above formula (i + s) is
compared with the YP dual rate (without tax) formula on page xviii.
C. MONTHLY MORTGAGE INSTALMENTS
The monthly Mortgage Instalment is the monthly instalment to redeem each

1 of borrowed capital over a period of years at a given rate of interest. There is


no separate table for these instalments, but the figures can be computed from the
Annuity 1 Will Purchase (Single Rate) table.
xvi

The monthly Mortgage Instalment fonnula is:

(i + s)
12
Example
Calculate the monthly instalment to redeem 60,000 borrowed on mortgage
at 7%, if the loan is to be repaid over 20 years.
= 0094393
Annuity 1 will purchase for 20 years at 7%
(page 166)
Annuity 60,000 will purchase= 60,000 x 0094393 = 566358
Note, this is the Annual mortgage instalment to redeem 60,000
= 566358
in 20 years at 7%
Monthly mstalment=
0

5663.58
= 47197
12

It will be seen from this calculation that compounding is on an annual basis.


However, the annual instalment is converted to a monthly instalment by most
building societies without allowing for compound interest each month.
D. TABLE OF TAX ADJUSTMENT FACTORS
It is sometimes necessary to calculate the true net income or return that will be
obtained from an investment after tax has been deducted from the income received.

Alternatively, a true net income free of tax may be required from an invest
ment; in this case, it will often be necessary to calculate the equivalent grossed
up income which must be received before tax is deducted.
The factors in the table given on page 269 may be used in these calculations.
Net Adjustment Factor - TN
If the net income from an investment is multiplied by the Net Adjustment
Factor, the product will be the true net income that will remain after deduction
of tax at the appropriate rate.

Example
A net income of I ,250 p.a. is received. Calculate the true net income that
will be available after deduction of income tax at 30%.

1,250 p.a.
07000
875

Net Income received


TN(30) (page 269)
Net Income after tax
Gross Adjustment Factor - TG

If the true net income required from an investment after tax is multiplied by
the Gross Adjustment Factor, the product will be the equivalent grossed up
income that must be received before deduction of tax.
xvii

Example
A true net income of 1,400 p.a. which is free of tax is required from an
investment. If the appropriate rate of tax is 45%, calculate the income that
must be received before the deduction for tax is made in order to satisfy this
requirement.

1,400 p.a.
181818
2,545.45

True net income required after tax

TG (45) (page 269)

Income required before tax

Th eformulaefor th esefactors are g iven below:


T:

100 -Rate ofTax


100

T. G=

100
100 -Rate ofTax

Further examples using these factors are given in subsequent sections.

E. YEARS' PURCHASE TABLES (Present Value of 1 per annum)


These are provided in separate groups of tables. Multipliers are now available
within the same volume based on two different fundamental assumptions as
follows:
(i) tables using the more traditional approach where income is deemed to be
received annually in arrear; and
(ii) tables based on the assumption that income is received quarterly in advance.
All quarterly in advance tables are coloured green except for the years' pur
chase in perpetuity figures on pages 36 and 37
(i) YEARS' PURCHASE TABLES (Annually in Arrear)
(a) Years' Purchase in Perpetuity (pages 35 to 37)
YP

100

perpetUity= -:-or
1

Rate

01
10

(b) Years' Purchase of a Reversion to a Perpetuity (pages 73 to 88)


YP in perpetuity deferred n years=

(1
l

i)-"

(c) Years' Purchase for a given term: Single Rate (pages 39 to 51)
YP for n years=

1 -(1

i)-n

(d) Years' Purchase for a given term: Dual Rate (pages 53 to 71)

YP for n years= -:---+


l

s
xviii

where s= annual sinking fund to replace I in n years at an appropriate


accumulative rate of interest
and i is the return (yield on each 1) required by the investor.
Using the sinking fund formula, this may be extended as follows (where
the sinking fund rate of accumulation= a)
YP (dual rate) =

....:.__
..._

__

i+

a
(l + a)n-1

(ii) YEARS' PURCHASE TABLES (Quarterly in Advance)


The Single Rate and Dual Rate tables considered in (b) and (c) below are
included in the Years' Purchase green sections of this volume.
(a) Years' Purchase in Perpetuity (Quarterly in Advance) pages 35 to 37
YP

perpetmty= 4

[1

1
_ (1 + rt114]

(b) Years' Purchase for a given term: Single Rate (Quarterly in Advance)
pages I to 13

YP for n years - 4

1-(1 + rt"
_
[ I (1 + rt114]

(c) Years' Purchase for a given term: Dual Rate (Quarterly


pages 15 to 27
YP for n years=

1
4

[1-(l+r)-%] +

Advance)

4
[1-(1 + at y, ]
(l + aY-1

where r= effective yield (see below)


a= sinking fund rate of accumulation

Nominal and Effective Rates of Interest (i and r)


In all the tables other than the Quarterly in Advance tables, the yield at the top
of each column is the nominal yield which represents the total interest (income)
received during the year and assuming no reinvestment of any periodic pay
ments received during that year.
In the Quarterly in Advance tables, the yield at the top of each column is the
effective yield. This is the income received for that year if periodic payments
(quarterly in this case) received during the year are, or are deemed to be, re
invested at the time of their receipt at the same annual rate of interest.
In general, the relationship between nominal and effective yields will depend
on the timing of the periodic payments and whether they are received in advance
or m arrear.

xix

Where income is received periodically in arrear, the effective yield

(r) is:

( r- 1

r (effective yield) = 1 +

where i is the nominal yield


pis the number of times the income is received and compounded during
the year.
The formulae where income is received quarterly in advance are considered in
the next section.

F. YIELD CONVERSION TABLES:


NOMINAL YIELDS - EFFE C TIVE YIELDS ( QUARTERLY TN ADVANCE )
The tables on pages 29 to 33 provide for the direct conversion of nominal
yields (where income is received annually in arrear) to effective yields (where
the income is received quarterly in advance) and vice versa.
When using these tables, it is essential to understand the difference between
nominal and effective yields (sometimes termed True Equivalent Yields) as
explained above. The tables are based on the following formulae:

i=4[1 -(l+rt114]
r=

where i is the nominal yield, and

1
---1
( 1 -r

r is the effective yield.

G. YEARS' PURCHASE TABLES WITH ALLOWANCE FOR TAXATION


The Years' Purchase figures given in these tables are calculated on a dual rate
basis with allowance for the effect of taxation on that part of the income which
must be invested in a sinking fund to replace the capital outlay at the end of the
term.
The Years' Purchase tax adjusted figures are now available in separate groups
of tables, similar to the unadjusted tax tables, on either (1 ) the traditional
approach where income is deemed to be received annually in arrear; or (2) based
on the assumption that income is received quarterly in advance.

(1 ) YEARS' PURCHASE: Dual Rate (Annually in Arrear) with Allowance for


Taxation
This table is provided in the yellow section of this volume on pages 369 to 507.
The use of this table is shown in the following valuation.
XX

Example
Value the leasehold interest in a property producing a net income (profit
rent) of 65,000 p.a. The property is held on lease with 20 years to run and a
return of 7% is required on the capital invested. The sinking fund will accu
mulate at 3% and the appropriate rate of tax is 40%.
Net Income (Profit Rent)
YP for 20 yrs. at 7% and 3% (allowing for
tax at 40% see page 478)
Capital Value

65,000 p.a.
7.5743
492,330

Construction of th e table
YEARS' PURCHASE: Dual Rate (Annually in Arrear) with Allowance for
Taxation
The Years' Purchase formula on a dual rate basis (annually in arrear) with no
allowance for tax is:

i+ s
where i= rate of interest expected on each 1
s= sinking fund instalment.
To allow for the effect of taxation on the sinking fund instalment, it is neces
sary to calculate the gross sinking fund required before tax which will provide
the net sinking fund 's after tax has been deducted.
'

To allow for the effect of tax, the Gross Adjustment Factors discussed in
Section D may be used.
Gross SF= Net SF
Gross SF= s.TG

Gross Adjustment Factor

The formula then becomes:


1
YP dual rate= . T.
l+S. G
T.

G=

100
100 - Rate of Tax

Example
Calculate the Years' Purchase for 22 years at 8% and 25% adjusted for
income tax at 35%

i= 008
s= 00346466 (see page 1 14)
TG(35) = 153846 (see page 269)
1
=
yp
008+(00346466 X 153846)

0. 1333024

= 75017404

Compare the appropriate Years' Purchase figure (page 452) = 75017


xxi

Net sinking fund rates


It is the usual practice for valuers to use net sinking fund rates of interest
when using dual rate tables of Years' Purchase. If a net rate of 25% is required,
the sinking fund investment must yield 25% after tax on the gross interest has
been paid.
For example, if tax is charged at 40% on a sinking fund investment and a net rate
of accumulation of 25% is required, the gross rate of interest to be received before
tax must be between 41% and 42% (a more precise figure is given in (a) below).
The Gross Adjustment and Net Adjustment Factors TG and TN which were dis
cussed in Section D may be used to find equivalent or net rates of interest as
follows:
(a) A net rate of interest of 25% is required. If tax is considered at 40%, cal
culate the equivalent grossed up rate which must be available before tax
25%

TG (40) = 25%

166667= 4167%

(b) lf the gross rate of interest received before tax is 5%, calculate the equiva
lent net rate of interest after tax at 30%
5%

TN (30) = 5%

07= 35%

In this edition, Years' Purchase tables with an allowance for tax on the
sinking fund instalment have been calculated at net sinking fund rates of 25%,
3% and 4%.
(2) YEARS' PURCHASE: Dual Rate (Quarterly in Advance) with Allowance for
Taxation, in the green pages 27 1 to 367.
The Years' Purchase formula on a dual rate basis (quarterly in advance) with
allowance for taxation is:

4 [ 1 - (1+r)-Y4] +

4 [ 1 - (1+at%]

(l+a)"-1

)r.

Where TGis the Gross Tax Adjustment Factor (see Section D)

r= effective yield
a= sinking fund rate of accumulation.
H. INTERNAL RATES OF RETURN (IRR)
These tables are included for investment analysis where a transaction in free
hold property has taken place or is being considered. Two tables are available
which will enable the analysis to be carried out, either reflecting adjustment for
anticipated growth, or without adjustment for growth.
(i)

INTERNAL RATES OF RETURN (IRR) without reflecting rental growth,


pages 179 to 193.

Certain input data are required. The following example identifies this and
illustrates how the analysis may be carried out.
xxii

Example
The freehold interest in a property has recently been purchased for

1 60,000. The property is let on a lease which now has 5 years to run and
produces a net rent of 8,000 per annum. The net full rental value is 20,000
per annum. Calculate the true return (IRR) received.

Preliminary Calculations
1 nz..
tzaI

Initial Net Income


Price

v eld=
11

Rental F actor-

1 000/ =
/o

8,000
X 1 000/ =so /
1 60,000
/o
/o

Full Rental Value


20,000
- 2 5
Initial Net Income
8,000
_

Reference to the IRR (without growth) Table, on page 1 88 gives the figure for
the Internal Rate of Return
IRR= 972%
This table has been computed based on the following formula with some adjust
ment to accommodate the table headings.
V= I
Where I= initial income
V = price paid
e=IRR

[ 1 -(l + et" ] + R [ (l+et" ]


e

R= full rental value


n= period to reversion or next review

When applying the above equation to the example, the variables, V, I, R, n are
known. The value of e (the Internal Rate of Return) can then be found. Its value
will be such that when used in the formula, the left-hand side of the equation (V)
just equals the right-hand side.
The solution for e can be found by using calculus (the Newton-Raphson
Method) or by trial and error. The figures in the tables were computed using an
iterative approach to find the values for e. The solution is demonstrated as
follows, setting out the calculation in the normal Net Present Value format.
Year

Cash Flow

PV of 1 at 9.72%

Present Value

I
2
3
4
5

8,000
8,000
8,000
8,000
8,000

0.91 1 41 08
0.8306697
0.757081 4
0.69001 22
0.6288846

7,291 29
6,64536
6,05665
5,5201 0
5,031 08

Value of future
cash flow

205,761 *

0.6288846

1 29,39992

Present Value of Income Flow


Less Purchase Value ( V)
Net Present Value
* See calculation below.
xxiii

1 59,94440
1 60,00000
-5560

The calculation is made on the assumption that the income receivable on reversion, or at the

next review, is taken as the current rental value today. The figure of 205, 7 6 1 therefore represents
the value in 5 years' time of the future cash flow in terms of the current rental value capitalised at the
inherent rate of interest (i.e. the computed figure for IRR):

Full Rental Value


YP in perpetuity at 9.72%

20,000
10.288066=205,76 1

The future cash flow is therefore dealt with as a cash flow in perpetuity deferred for the period
to the next review or reversion. This follows conventional valuation practice.

The true IRR will occur when the Present Value of Income Flow just
equates to the Value (Purchase Price), i.e. the Net Present Value= 0. If, as a
check, the above calculation is repeated at a lower rate of 9.7 1%, the Net
Present Value will be + 144.6 1. This indicates that the true IRR falls
between 9.72% and 9.7 1% and that the IRR correct to two decimal places is
9.72%.
(ii) INTERNAL RATES OF RETURN (IRR) reflecting anticipated growth to the
reversion or next review, pages 195 to 237.
If the above example is considered further and the investor or analyst wishes
to calculate the true rate of return that will be obtained if future rental growth is
considered, reference to the IRR table with growth will give the required Internal
Rate of Return.

Example: A s above
The preliminary calculations in the above example are the same. In addi
tion, if it is now assumed that a rate of growth of 7% per annum is considered
appropriate, the Table on page 232 shows the new Internal Rate of Return
figure is:
IRR (7%)= 1208%
This can be demonstrated in the same way as in the first example
except that the Present Value of the future cash flow in 5 years will be
different.
The full rental value in 5 years with 7% growth will be:
20,000

( 107)5 =28,05 1

The present value of this future income flow is therefore:


28,05 1 x YP in perpetuity at 1208%=28,05 1
(instead of205,76 1 in the above example).

82781457 =232,2 10

If the calculation is completed using PV of 1 figures at 1208%, this gives a


Net Present Value of+ 73 75. However, as a check, if a rate of 1209% is
used, the Net Present Value is - I 00-42. This shows that the true IRR correct to
two decimal places is 1208%.

xxiv

The appropriate fonnula for this table is:

V =I

[1

(1 + et"
1
+R(l+gf e (1+et"
e

where the variables are the same as for the previous table and in addition:

g =rate of anticipated growth (expressed as the rate of growth on each 1 ).


The value of e (IRR with growth) is found in the same way as for the previous
table.
It should be noted that in this table the growth is only considered for the
period to the reversion or to the next rent review. If growth were built in for
further periods, alternative rent review patterns would need to be covered. This
would require far more space to be devoted to this table, perhaps at the expense
of other tables.
It would also pose a further problem. While it may be realistic to anticipate
future annual growth for a relatively short period, it may not be realistic to
project the same average rate of growth too far distant into the future. If this type
of approach is contemplated, more complex models would be required.

Note for both sets of IRR tables:


(i) The tables provide for a range of Rental Factors, Initial Yields, Periods to
Review or Reversion and, in the second table, for Rates of Growth. In
some cases, this may result in a combination which is unlikely to occur in
practice, for example, a combination where there is a high Rental Factor, a
high Initial Yield and where the reversion is imminent. This has led to rela
tively high Internal Rates of Return occurring in some cases, which are
included to complete the tables. However, returns in excess of 70% have
not been printed, and asterisks indicate that the return is in excess of 70%.
(ii) In some cases, the exact Initial Yield or Rental Factor will not be included
in the set of tables. For example, the Initial Yield may be 43%. In these
cases, the IRR for 4% and 45% can be found and these will provide a
range of IRR figures for consideration, within which the true figure will
lie. Alternatively, a close approximation of the actual IRR can be found
by interpolation between the two figures obtained.
I. THE METRIC CONVERSION TABLES
These are included in the pink section on pages 239 to 265.
In some conversion tables, exact equivalent figures are given, whereas in
other tables the figures have been rounded to the number of decimal places
printed. The basis of computation is printed below each table and where this is
an exact conversion factor, this is mentioned, e.g.:
(i) 1 ft=03048 m. (exactly) - see page 243.
The tabulated figures given in this table are exact conversion figures.
XXV

(ii) 1m.= 1093613298 yds (see page 247).


The omission of the word (exactly) signifies that the basis is a rounded figure
and the tabulated figures are rounded to the number of decimal places printed,
10 metres= 10936 1 yards
e.g.
1,000 metres= 10936133 yards
(iii) 1 sq. ft= 009290304 sq. m. (exactly) (see page 249).
In this case, although the basis is an exact conversion factor, the tabulated
figures have fewer decimal places than the actual basis so that rounded figures
are given in the tables. This will be apparent on inspection for 10 sq. ft is given
as 092903 sq. m. (see page 248).
Supplementary tables have been given in most cases. In this way, it has been
possible to extend the range of the tables without increasing the size of this
section.
J. THE LIFE TABLES
Research indicates that life tables are seldom used today by valuers in prac
tice. In addition, new tables for this Centenary Edition could only be compiled
from data from the 200 1 census, already over 10 years out of date. It has there
fore been decided to approach the subject of life interests in a different way and
not to include the more detailed tables provided in the previous edition. In this
edition, the approach is to provide examples which illustrate how Years' Pur
chase figures for one or two lives can be calculated. Any required YP figures can
then be calculated in the same way and used in specific valuations where life
statistics are relevant. The examples given are for the YP for a single life; the
YP for joint continuation of two lives; and the YP for the longer of two lives.
THE ENGLISH LIFE TABLE - N 0. 16
The following is a selection of ages taken from this table.
Males
Age
0
20
40
60
80

lx
100,000
98,908
96,936
88,904
45,70 1

Age
98
99
100
10 1
102

Age
103
104
105
106
107

lx
1, 149
750
474
289
168

lx
93
49
25
12
5

Age
108
109
1 10

lx
2

The lx columns show the number of males who survive to any given age out
of 100,000 born 'Source: Office for National Statistics'.
The above figures have been selected to give some indication of the range of
statistics in the table. In addition, some of these figures are relevant to examples
given in the following pages.

xxvi

Statistics for females are given separately.


The English Life Tables are available from the Office of National Statistics
and are prepared by the Government Actuary.
The inclusion of the data from the English Life Tables does not mean that its
use is necessarily recommended for all valuations involving life interests. The
main purpose of the English Life Tables is historical, to show the general level
of mortality in England and Wales at the time of the census.
The improvements in mortality rates can be seen from a comparison of the
mean expectation of life figures given in the tables. The following figures are for
males and females aged 40, taken from the English Life Tables No. 8 ( 19 10-12),
No. 10 ( 1930-32), No. 12 ( 1960-62), No. 14 ( 1980-82) and the current tables
No. 16.
E.L.T. 8
27.74
30.30

Males
Females

E.L.T. 10
29.62
32.55

E.L.T. 12
3 1.62
36.69

E.L.T. 14
33.34
38.67

E.L.T. 16
37.66
4 1.66

It will be seen from the above figures that mortality rates have continually
improved. However, future trends are more difficult to predict than in the past.
The considerable progress in medical research in recent years and the conse
quent improvement in the treatment of previously terminal conditions will no
doubt affect future mean expectation of life statistics.
In valuation problems involving life interests it should be remembered that
location of residence, status and occupation, as well as general state of health,
are all factors that affect an individual's life span to varying degrees. Where the
problem is complex or important, actuarial advice will no doubt be sought.
The following example shows how the Years' Purchase for a Single Life can
be calculated. The numbers of males alive at a given age are taken from the
figures given in the latest English Life Tables No. 16.
YEARS' PURCHASE FOR A SINGLE LIFE (English Life Tables - No. 16)

Example: Calculate the YP of the life of a man aged I 01 at 8%


It is first necessary to consider the first year's income.
The Present Value of the right to receive 1 at the end of year 1
= the probability of the person aged 10 1 (m) living to the age of 102 and
then discounted using the PV of 1
Number of males alive at 102
Number of males alive at 10 1

168*
289

PV 0 f 1

0.92593 = 0.53825

xxvii

1 year at 8o/t0

Similarly, for the next year's income, deferred for 2 years


=

93*
X 0.85734 =0.27589
289

* see page xxvi

Based on this approach, the table below illustrates the calculation to find the
YP for a Single Life aged 10 1 (m) at 8%.
YP for a life aged l0l (male) at 8%
End of
Year

Age
X

No. alive at x
No. alive at 10 1

Probability
Factor (a)

PV of 1 at
8% (b)

Contingent
Present Value
(a x b)

102

168/289

0.58 13 1

0.92593

0.53825

103

93/289

0.32180

0.85734

0.27589

104

49/289

0.16955

0.79383

0.13459

105

25/289

0.0865 1

0.73503

0.06359

106

12/289

0.04152

0.68058

0.02826

107

5/289

0.01730

0.630 17

0.01090

108

2/289

0.00692

0.58349

0.00404

109

1/289

0.00346

0.54027

0.00187

1 10

0/289

0.50025

Sum of Contingent Present Values

0
1.05739

YP for life aged I 0 I (m) at 8%= 1.05739


Notes
i. The calculations continue until the probability factor is zero. For the number of ' males alive
figures' see page xxvi
ii. To explain the method, a male of advanced age is considered. To calculate the YP for a life for a
young person, aged say 24, this would involve a far more lengthy and tedious calculation
iii. The product of the Probability Factor and the PV of 1 is known as the Contingent Present Value.

YEARS' PURCHASE FOR THE JOINT CONTINUATION OF TWO LIVES.


(English Life Tables - No. 16)

Example: Calculate the YP for the joint continuation of two lives.


A, aged 98 (male) and B, aged 10 1 (male) at 8%
It is first necessary to consider the probability that the two lives will live
one year.
The probability that A (aged 98) will live 1 year
No. of males alive at 99
No. of males alive at 98

750*
1, 149*

Also the probability that B (aged 10 1) will live 1 year.


No. of males alive at 102
No. of males alive at I 0 1

168*
289*

* see page xxvi


xxviii

The probability that both A and B will live I year is calculated below and
multiplied by the P.V. of 1 in 1 year at 8%

168
750
X
X 0.92593 =0.35134
1 149 289
'

The last figure 0.35134 is known as the Contingent Present Value.


Contingent Present Values are then calculated for each year until the Con
tingent Present Value =zero.
The calculation to find the YP for the joint continuation of two lives aged 98
(male) and 10 1 (male) at 8% is given below.
A

End of Year

I
2
3
4
5
6
7
8
9

(
(
(
(
(
(
(
(
(

Present Value
of 1 at 8%

750
168
X
X 0.92593 =
1, 149 289

0.35134

474
93
X
X 0.85734
1, 149 289

0. 1 138 1

289
49
X
X 0.79383
1, 149 289
168
25
X
X 0.73503
1, 149 289
93
12
X 0.68058
X
1, 149 289
49
5
X 0.63017
X
1, 149 289
25
2
X
X 0.58349
1, 149 289
12
1
X 0.54027
X
1, 149 289

1 49

Sum of Contingent Present Values

2 9

X 0.50025

)
)=
)=
)=
)=
)=
)=
)=
)=

0.03385
0.00930
0.00229
0.00046
0.00009
0.00002
0
0.5 1 1 16

YP for the joint continuation of two lives aged 98 (male) and aged 10 1
(male) at 8% =0.5 1 1 16
Note: The YP for the joint continuation of two lives male and female will produce different
figures depending on who is the older of the two live s .

xxix

YEARS' PURCHASE FOR THE LONGER OF TWO LIVES


(English Life Tables - No. 16)
RuLE: To find the Years' Purchase for the Longer of Two Lives:
Add the YP for the first single life to the YP for the second single life and
subtract the YP for the joint continuation of two lives, all at the same rate %.

Example: The YP for the longer of two lives aged 98 (male) and 10 1 (male)
at 8%?
Method:
YP for the life aged 98 (m) at 8%
YP for the life aged 10 1 (m) at 8%

A dd
D educt

1.36887*
1.05739<1>
2.42626

YP for the joint continuation of two


lives aged 98 (m) and 10 1 (m) at 8%

0.5 1 1 161

YP for the longer of two lives


aged 98 (m) and 10 1 (m) at 8%

1.9 15 1

This can be calculated by the method shown on pages xxvii and xxviii

"' See page xxviii

t See page xxix

Note: The YP for the longer of two lives male and female will produce difierent figures depend
ing on who is the older of the two lives.

XXX

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This page intentionally left blank

QUARTERLY
IN ADVANCE

Y E A R S' PUR C HA S E
( S I N G LE RATE % P R I NCI PLE)
OR

PRESENT VALUE OF
ONE POUND PER ANNUM
receivable quarterly in advance, allo w
ing for a sinking fund to accum ulate at
the same rate of interest as that which
is required on the in vested capital and
ignoring the effect of income tax on that
part of the income used to pro v ide the
annual sinking fund instalment.

AT RATES OF INTE REST *


FROM

2 % to 28 %

* Note:-In computing the Quarterly in Advance figures in these tables, all the
rates of interest quoted are effective rates; see the Introduction Section,
pages xix-xx.

No Income Tax
Single Rate

Quarterly
in Advance

YEARS ' PURCHASE*


Rare per Cent*

Yrs.

2.25

2.5

2.75

3.25

3.5

3.75

0 . 9 926

0.99 1 7

0 . 9908

0.9899

0.9890

0 . 98 8 1

0.9872

0.9863

1 . 96 5 8

1 .96 1 6

1 .9574

1 .9533

1 . 9492

1 .945 1

1 . 94 1 1

1 .9370

2 . 9 1 98

2.9 1 0 1

2 . 9005

2 . 8 909

2.88 1 5

2 . 8 7 20

2.8627

2.8534

3.8552

3.8378

3 . 8 2 06

3.8035

3.7865

3 . 7 697

3.75 3 1

3 . 7 3 66

4
5

4.7722

4.745 1

4.7 1 82

4.69 1 6

4.6653

4 . 6 3 92

4.6 1 34

4.5879

5 . 67 1 3

5 .6324

5. 5939

5. 5559

5 . 5 1 84

5.48 1 3

5 . 4446

5 . 40 8 4

6.5527

6 . 5 00 1

6 . 448 3

6 . 39 7 1

6 . 3467

6 . 2969

6 . 24 7 7

6 . 1 992

7 .4 1 68

7 . 3488

7.28 1 8

7.2 1 58

7 . 1 508

7 .0 8 6 8

7.0237

6 . 96 1 5

10

8 . 2640

8. 1 788

8 .0950

8 . 0 1 26

7.93 1 6

7.85 1 8

7.7734

7 . 6962

9 . 09 46

8 . 9906

8 . 8 8 84

8.788 1

8 .6896

8 . 5928

8 .4977

8 . 4044

9 . 9089

9 . 7 844

9 . 6624

9 . 5428

9.4255

9 . 3 1 04

9 . 1 97 6

9 . 0870

12

I 0.7072

1 0 . 5 608

1 0.4 1 7 5

1 0. 2 7 7 3

1 0. 1 400

1 0. 005 5

9.8738

9 . 7449

1 1 .4899

1 1 .3201

1 1. 1 5 4 3

1 0. 9 9 2 1

1 0. 8 3 3 6

1 0. 6 7 8 7

I 0.527 1

1 0. 3 790

1 2.2572

1 2 .0628

1 1 . 8 7 30

1 1 .6878

I 1 . 507 1

1 1 . 3 306

I 1. 1 5 8 4

1 0 . 9902

II

13
14
15

1 3 .009 5

1 2 . 7 890

1 2 . 5 7 42

1 2 . 3 649

1 2 . 1 609

1 1 .962 1

1 1 .7683

1 1 .5793

1 3.7470

1 3 . 4993

1 3.2584

1 3 .0239

1 2.7958

1 2.5737

1 2.3575

1 2 . 1 47 1

1 4 .470 1

1 4 . 1 94 0

1 3 .9258

1 3.6652

1 3 .4 1 2 1

1 3 . 1 660

1 2.9269

1 2 . 6 944

1 5 . 1 7 90

1 4.8734

1 4. 5 769

1 4. 2894

1 4 . 0 1 04

1 3 .7397

1 3 .4770

1 3 .22 1 9

1 5 . 8 7 40

1 5.5378

1 5 .2 1 22

1 4 . 89 6 9

1 4. 5 9 1 4

1 4.2954

1 4 . 00 8 5

1 3 . 7 303

1 6.5553

1 6. 1 876

1 5 . 8 3 20

1 5 . 48 8 1

1 5. 1 554

1 4.8335

1 4. 5 220

1 4 . 2 204

21

1 7.2233

1 6.823 1

1 6.4367

1 6 . 06 3 5

1 5 . 70 3 0

1 5 . 3 54 7

1 5.01 8 1

1 4 .6927

22

1 7.8782

1 7 . 4446

1 7 .0266

1 6.6235

1 6. 2346

1 5.8595

1 5 .4975

1 5 . 1 48 0

23

1 8 . 5 20 3

1 8 .0524

1 7 . 602 1

1 7 . 1 68 4

1 6 . 7 508

1 6 . 3484

1 5 . 9606

1 5.5869

1 9. 1 49 8

1 8 .6469

1 8. 1 63 6

1 7 . 6 9 89

1 7.25 1 9

1 6.82 1 9

1 6 . 408 1

1 6 .0098

25

1 9.7669

1 9.2283

1 8 .7 1 1 4

1 8.2 1 5 1

1 7 . 7 3 84

1 7 . 2805

1 6.8405

1 6.4 1 7 5

26

20. 3 7 1 9

1 9 . 7 969

1 9. 24 5 8

1 8.7 1 75

1 8 . 2 1 08

1 7 . 7 247

1 7.2582

1 6 . 8 1 04

27

2 0 . 96 5 1

20. 3 5 30

1 9.7672

1 9. 2064

1 8 . 6694

1 8 . 1 549

1 7 . 66 1 9

1 7 . 1 892

2 1 . 5 46 6

20.8968

20.2759

1 9.6823

1 9 . 1 1 46

1 8. 57 1 6

1 8 .05 1 8

1 7.5542

2 2 . 1 1 68

2 1 .4287

20. 7 7 2 2

20. 1 45 4

1 9 . 5469

1 8.975 1

1 8 .4286

1 7 . 906 1

22.67 5 7

2 1 . 94 8 9

2 1. 2 5 6 3

2 0 . 5 962

1 9 . 9666

1 9.3659

1 8 .7926

1 8 . 24 5 2

31

23 .2237

22.4576

2 1.7 2 8 7

2 1 .0348

20.374 1

1 9 . 7 44 5

1 9 . 1 444

1 8 . 57 2 1

33

23.76 1 0

22.955 1

22. 1 895

2 1 . 46 1 8

2 0 . 7 696

20. 1 1 1 1

1 9 .4842

1 8.887 1

24.2877

2 3 . 44 1 7

22.63 9 1

2 1. 8 7 7 3

2 1. 1 5 3 7

20.4662

1 9. 8 1 25

1 9 . 1 908
1 9 .48 3 5

16

17
18
19
20

24

28
29
30
32

34

24. 804 1

23.9 1 76

23 .0777

22.28 1 6

2 1 . 5 26 6

20.8 1 0 1

20. 1 298

35

2 5 . 3 1 03

24.3830

2 3 . 50 5 7

22.6752

2 1 .8886

2 1 . 1 432

20.4363

1 9.7656

36

2 5 . 8 067

24.8 3 8 2

23.9232

23.0582

2 2 . 240 1

2 1 . 46 5 8

20 . 7 3 24

20.03 7 5

37

2 6 . 29 3 3

25.2833

24.3 305

23 .43 1 0

22.58 1 3

2 1 .7782

2 1 .0 1 86

20 2996

38

26.7703

25.7 1 87

24.7279

2 3 . 79 38

2 2 . 9 1 26

22.0808

2 1 . 29 5 0

20 . 5 5 2 3

39

27.2380

2 6 . 1 444

25 . 1 1 56

24. 1 4 6 9

23.2343

22.3739

2 1 .562 1

20.7957

2 7 .6966

2 6 . 5 608

2 5 .4938

2 4 . 4905

2 3 . 5466

22.6577

2 1 . 8 20 2

2 1 . 0 3 04

2 8 . 1 46 1

26.968 1

25. 8628

24.8250

2 3 . 8498

22.9327

2 2 . 06 9 6

2 1 . 2 566

2 8 . 5 869

2 7 . 3 664

26.2228

2 5 . 1 505

2 4 . 1 44 1

23 . 1 989

2 2 . 3 1 05

2 1 .4747

40
41
42

43

44
45

46
47
48
49
50

29.0 1 89

27.7559

2 6 . 5 740

25.4673

24.4299

23 .4568

22.5432

2 1 .6848

2 9 . 44 2 6

2 8 . 1 368

26.9 1 67

2 5 . 77 5 6

24.7074

2 3 . 7066

22.768 1

2 1 .8874

29.8579

2 8 . 5094

27.25 1 0

26.0756

24.9767

2 3 . 94 8 5

22.9854

22.0826

30.2650

28.8738

27.577 1

26. 3676

25.2383

24. 1 8 2 8

23 . 1 954

2 2 . 2 708

3 0 . 66 4 2

29.2301

27.8953

26.65 1 8

2 5 .4922

24. 4097

2 3 . 3982

22.4522

3 1 .0556

2 9 . 5 7 86

2 8 . 20 5 8

2 6 . 9 284

25.7387

24.6295

2 3 . 5 942

22.6270

3 1 .4393

2 9 . 9 1 94

2 8 . 50 8 6

2 7 . 1 97 6

2 5.9780

24 . 8 4 2 3

23.7835

22.7955

3 1 . 8 1 54

30.2528

2 8 . 804 1

2 7 . 4 5 96

2 6 . 2 1 04

2 5 .048 5

2 3 .9665

22.9579

Yrs.

2
3

6
7

8
9

18

II

12

13
t4
15

16
17
18
19
20

21
22
23
24
25

26
27
28
29
30
.H

32
33
34
35

36
37
38
39
40

41
42
43
44
45

46
47
48
49
50

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

No Income Tax

Single Rate

Rate per

Cent*

Y rs .

2.25

2.5

2.75

3.25

3.5

3.75

51

3 2 . 1 '642

3 0 . 5 7 8 '6

2 9 . 09 2 4

2 7 . 7 1 46

2 6 . 4 3 60

2 5 . 248 I

24. 1 43 3

2 3 . 1 1 44

51

52

3 2 . 5 4 5 '6

3 0 . '6 9 7 6

29.3736

27.9627

26.65 50

2 5 . 44 1 5

24.3 1 4 1

23.2653

52

53

3 2 . 9002

3 1 . 2094

2 9 . 6480

2 8 . 2043

2 6 . '13 6 7 7

25 .6288

24.479 1

2 3 . 4 1 07

53

54

3 3 . 24 7 7

3 1 . 5 1 44

29.9 1 57

28.4393

27 .0742

2 5 . 8 1 02

24 . 6 3 8 5

2 3 . 5 509

54

55

3 3 . 5 '6 8 4

3 U I 26

3 0 . 1 76 '6

2 8 . 66 8 I

2 7 . 2746

25.9859

24.7925

2 3 . 6 '6 6 0

55

56

3 3 .9225

3 2 . 1 04 3

30.43 1 6

2 '6 . '6 907

2 7 . 4692

2 6 . 1 56 1

24.94 1 4

2 H I 62

56

57

3 4 . 2499

3 2 . 3S95

30.6S02

2 9 . 1 07 4

27.658 I

2 6 . 3 2 09

2 5 . 0S 5 2

2 3 .94 1 7

57

58

34.57 1 0

3 2 . 66 li 5

30.9227

29.3 1 82

27.84 1 6

2 6 . 4 '6 0 5

2 5 . 224 1

24.0627

58

Y rs .

59

3 4 . '6 8 5 7

3 2 . 94 1 4

3 1 . 1 59 3

29.5235

2 S . O I 97

26.635 1

25.3584

24. 1 79 3

59

60

3 5 . 1 94 3

3 3 . 2{) 8 2

3 1 . 3901

29.7232

2 li . l 9 2 6

26.7H48

2 5 . 4 il il I

24.29 1 7

60

61

3 5 .4969

3 3 . 4<.9 2

3 1 .6 1 5 3

29.9 1 76

2 il . 3 604

2 6 . 92 9X

2 5 .6 1 34

2 4 . 4000

61

62

35.7935

3 3 . 7244

3 1. 8 3 50

30. 1 06il

2 lU 2 3 4

2 7 . 07 0 3

2 5 . 7 344

24. 5045

62

63

36.0842

3 3 .9740

3 2 .0494

3 0 . 2 909

28.68 1 6

2 7 . 206 3

25.85 1 4

24.605 1

63

64

36.3693

3 4. 2 1 X I

32.2585

30.470 1

28.8353

2 7 . 3 3il0

2 5 . 9644

24.702 1

64

65

3 6.64S8

3 4 . 4 5 69

3 2 .4625

3 0 . 6445

2 S . 9 il 4 4

2 7 . 4656

26.07 3 7

24.7956

65

66

36.9228

3 4 . 6 904

3 2 . 66 1 5

30.8 1 43

2 9 . 1 292

27.5892

26. 1 792

2 4 . '6 8 5 7

66

67

37. 1 9 1 5

34.9 1 87

32.8557

30.9795

2 9 . 2698

2 7 . 7089

2 6 . 2 '6 I I

24.9726

67

68

3 7 .4548

3 5 . 1 420

3 3 . 04 5 2

3 1 . 1 40 2

2 9 . 406 3

2 H 248

2 6 . 3 796

2 5 .0563

68

69

3 7 . 7 1 30

3 5 . 3604

3 3 . 2 300

3 1 . 2967

29.5388

27.937 1

26.4748

25. 1 370

69

70

3 7 . 96 6 2

3 5 . 574 1

3 3 .4 1 03

3 1 . 4490

2 9 . 66 7 5

2 8 . 04 5 8

26.5667

25.2 1 48

70

71

3 8 . 2 1 44

35.7830

3 3 . 5862

3 1 . 5972

29.7924

28 . 1 5 1 2

26 . 6 5 5 5

2 5 . 2897

71

72

3 8 .4577

3 5 .9873

3 3 .7579

3 1 . 74 1 4

29.9 1 36

28.2532

26.74 1 4

2 5 . 3 6 20

72

73

3 8 .6962

36. 1 8 7 1

3 3 . 92 5 3

3 1 .88 1 8

30.03 1 4

2 8 . 3 5 20

26.8 243

25 .43 1 6

73

74

38.930 I

36.3S25

3 4 . 08 8 7

3 2 . 0 1 S4

30. 1 4 5 7

2 8 .4476

2 6 . 9044

2 5 .49S7

74

75

3 9 . 1 594

36.5736

3 4 . 24RO

32. 1 5 1 4

30.2567

2 S . 5403

26.98 1 9

2 5 . 5634

75

76

3 9 . 3 842

3 6 . 7605

3 4 . 40 3 5

3 2 . 2808

3 0 . 3644

28.6301

2 7 . 0 5 66

25.6258

76

77

3 9 . 6045

36 . 9 4 3 3

34. 5 5 5 2

3 2 . 4068

3 0 . 46 9 0

2 8 . 7 1 70

27. 1 289

25.6859

77

78

3 9 . l Q06

37. 1 22 1

3 4 . 7 03 2

3 2 . 5 293

3 0 . 5 7 06

2 il . 8 0 1 2

27. 1 987

2 5 . 7 4 3 '6

78

79

40.03 24

3 7 . 2969

34.8476

3 2 . 6486

30.6692

2 8 . 8 '6 2 7

2 7 . 26 6 2

2 5 . 7 997

79

80

40 . 240 1

3 7 .4679

34.9SS5

3 2 . 7 647

3 0 . 7649

28.96 1 7

27.3 3 1 4

25.8535

80

81

40.44 3 7

37.6352

35. 1 259

3 2.8777

30.8579

29.0382

2 7 . 3 944

2 5 .9054

81

82

40.64 3 3

3 7 . 7 9 '6 7

3 5 . 2600

3 2.9877

30.948 I

29. 1 1 23

27.4552

25.9554

82
83

83

40. l\ 3 9 0

37.9587

3 5 . 3 908

3 3 .0947

3 1 .03 5 7

29. 1 840

2 7 . 5 1 40

2 6 . 00 3 6

84

4 1 .()3 08

3 lU 1 5 1

3 5 . 5 1 84

3 3 . 1 98 9

3 1 . 1 20 il

29 . 2 5 3 5

2 7 . 5 7 0S

2 6 . 0 5 00

84

85

4 1 . 2 1 89

3 8 . 268 I

3 5 .6429

3 3 . 3002

3 1 . 20 3 4

29 . 3 208

27.6257

2 6 . 09 4 8

85

86

4 1 .40 3 3

38.4 1 7 7

3 5 . 7644

3 3 . 3989

3 1 . 2 il 3 5

2 9 . 3 860

27.6787

26. 1 380

86

87

4 1 .584 1

3 8 . 5 64 1

3 5 . 8 S 29

3 3 . 4949

3 1 . 36 1 4

2 9 . 449 1

2 7 . 7 299

26. 1 796

87

88

4 1 .76 1 4

3 8 . 7072

3 5 .9985

3 3.5884

3 1 .4369

2 9 . 5 1 03

27. 7794

26 . 2 1 9 7

88

89

4 1 .93 5 1

3 8 . 8 47 1

36. 1 1 1 3

3 3.6793

3 1 . 5 1 03

29. 5695

27.8273

2 6 . 2 5 il 3

89

90

4 2 . 1 05 5

3 8 . 9 8 40

36.22 1 3

3 3 . 76 7 8

3 1 .5S 1 6

2 9 . 6 269

27.8735

26.2955

90

91

42.2725

39. 1 1 79

36.32X7

3 3 . 8 5 40

3 1 .6507

29.6824

27.9 1 S I

26 . 3 3 1 4

91

92

42.4362

3 9 . 24 S 8

36.4334

3 3 .9378

3 1 . 7 1 79

29.7362

2 7 . 96 1 3

26.366 1

92

93

42. 5968

3 9 . 3 7 69

3 6 . 5 3 56

3 4 . 0 1 94

3 1 .7830

29.7883

2 8 .0029

26. 3994

93

94

42.7542

3 9 . 502 1

36.63 53

34.0988

3 1 .8463

29.8388

2 8 . 04 3 2

26.43 1 6

94

95

4 2 . 908 5

3 9 . 6 246

3 6 . 7 3 26

34. 1 76 1

3 1 .9078

29.8S77

2 8 . 08 2 1

26.4625

95

96

43.0597

3 9 . 7443

36.8275

34.25 1 3

3 1 .9674

29.9350

2 8 . 1 1 97

26.4924

96

97

4 3 . 2080

3 9 . il 6 1 5

3 6 . 9 200

3 4 . 3 24 5

3 2 .0254

29.9809

2 8 . 1 560

26 . 5 2 1 2

97

98

43.3534

3 9 . 9 7 60

3 7 . 0 1 04

34.3958

3 2 .08 1 6

30.025 3

28 . 1 9 1 1

26.5489

98

99

4 3 . 4960

40 . 08 8 1

3 7 . 09 8 5

3 4 . 46 5 1

32. 1 362

3 0 . 06 8 3

28. 2250

26.5757

99

1 00

43.6357

40. 1 9 7 7

3 7 . 1 844

3 4 . 5 3 26

3 2 . 1 892

3 0 . 1 I 00

28.2578

26.60 1 4

1 00

50.623 5

45 . 06 7 7

40. 6 2 3 1

36.9865

3 3 . 9 5 60

3 1 .39 1 7

29. 1 93 7

27.2888

PERP
*

Quarterly
in Advance

YEAR.."i ' PURCHASE*

"

PERF

Note:-In computing the Quarterly in Advance figures in these tables, all the rates % quoted are effecl!ve rates;
see the Introduction Section, pages xix-xx.

No Income Tax
Single Rate

Quarterly
in Advance

YEARS' PURCHASE*
Rate per Cent*

Yrs.

4.25

4.5

4.75

5.25

5.5

5.75

Yrs.

0.98 5 5

0.9846

0.9837

0.9828

0 . 9 8 20

0.98 1 1

0.9802

0 . 9 7 94

1 .9330

I . 9 2 90

1 .9250

1 .92 1 1

1 .9 1 7 2

1 .9 1 3 3

1 . 9094

1 .9055

2 . 844 1

2 . 8 3 50

2.8259

2.8 1 68

2.8078

2.7989

2.790 1

2.78 1 3

3 . 7 202

3 . 7040

3 .6879

3 .67 1 9

3.656 1

3 . 6404

3 .6248

3 . 6094

4. 5626

4.5375

4 . 5 1 28

4.4882

4.4639

4.4399

4.4 1 6 1

4.3925

5.3725

5.337 1

5 . 302 1

5 . 26 7 5

5.2333

5 . 1 99 5

5 . 1 66 1

5. 1 33 1

6. 1 5 1 4

6 . 1 04 1

6.0575

6.0 1 1 5

5 .966 1

5 . 92 1 3

5.8770

5.8333

6 . 9002

6 . 8 399

6 . 7 8 04

6.72 1 7

6 . 6 640

6.6070

6 . 5 509

6.4955

7 . 6203

7 . 5456

7.47 2 1

7 . 3998

7.3286

7.2585

7 . 1 896

7. 1 2 1 7

10

8 . 3 1 27

8 . 2226

8 . 1 340

8 . 0470

7 . 96 1 6

7.8776

7 . 7950

7.7 1 38

10

II

II

8 .9784

8.87 1 9

8.7675

8 .6650

8 . 5 644

8.4657

8. 3689

8.2738

12

9.6 1 86

9 . 4948

9.3736

9 . 2549

9. 1 385

9.0245

8.9 1 28

8 . 80 3 3

13

1 0.234 1

1 0.0923

9.9537

9 . 8 1 80

9.6853

9.5555

9.4284

9 . 3 040

13

14

I 0.8259

I 0.6655

1 0 . 50 8 8

1 0. 3 5 5 7

1 0 . 206 1

1 0.0599

9 .9 1 7 1

9.7775

14

15

1 1 .3950

1 1 .2 1 52

1 1 .0399

1 0.8689

1 0.7020

1 0. 5 392

1 0.3803

I 0.2252

15

16

1 1 .9422

1 1 . 7 426

1 1 .5482

1 1 .3589

1 1 . 1 7 44

1 0 .9946

1 0 . 8 1 94

1 0 .6486

16
17

12

17

1 2.4683

1 2.2485

1 2 .0346

1 1 . 8 26 6

1 1 .6242

1 1 .4 2 7 3

1 1 .2356

1 1 .0490

18

1 2 .9742

1 2.7337

1 2 . 500 1

1 2.2732

1 2.0527

1 1 .8384

1 1 .630 1

1 1 .4276

18

19

1 3 .4607

1 3 . 1 99 2

1 2.9455

1 2.6995

1 2 .4607

1 2.2289

1 2 .0040

1 1 .7856

19

20

1 3 .9284

1 3 .6457

1 3.37 1 8

1 3 . 1 064

1 2 .8493

1 2 . 6000

1 2.3584

1 2 . 1 24 1

20

21

1 4.3782

1 4.0739

1 3 .7797

1 3 .4949

1 3 . 2 1 94

1 2.9526

1 2 .6944

1 2 . 4443

21

22

1 4 . 8 1 06

1 4 .4848

1 4 . 1 700

1 3 .8658

1 3.57 1 8

1 3.2876

1 3 .0 1 2 8

1 2.7470

22

23

1 5 . 2264

1 4.8788

1 4.5435

1 4 . 2 1 99

1 3 .9075

1 3 .6059

1 3 . 3 1 47

1 3 .03 3 3

23

24

1 5 .6263

1 5 .2568

1 4 .9009

1 4.5579

1 4.2272

1 3 .9083

1 3 . 6008

1 3 . 3 040

24

25

1 6 .0 1 07

1 5 . 6 1 94

1 5.2430

1 4 . 8 806

1 4.53 1 7

1 4. 1 95 7

1 3 . 8 7 20

1 3 . 5 600

25

26

1 6 . 3 804

1 5 .9673

1 5 .5703

1 5 . 1 886

1 4. 8 2 1 7

1 4.4687

1 4 . 1 290

1 3 . 8020

26

27

1 6.7358

1 6 . 3 009

1 5.8835

1 5.4827

1 5 .0978

1 4.728 1

1 4. 3 726

1 4.03 1 0

27

28

1 7 .0 7 7 6

1 6 . 6209

1 6. 1 832

1 5.7635

1 5 . 3 609

1 4.9745

1 4.6036

1 4 . 2474

28

29

1 7 .4062

1 6.9279

1 6 . 4 7 00

1 6 . 03 1 5

1 5 .6 1 1 3

1 5 . 2086

1 4.8225

1 4 .4 5 2 1

29

30

1 7 .7222

1 7 . 2 2 24

1 6 . 7445

1 6.2874

1 5 . 8499

1 5 .43 1 1

1 5 .0 3 00

1 4.6457

30

31

1 8 .026 1

1 7 . 5049

1 7 .007 1

1 6.53 1 6

1 6 . 07 7 1

1 5 .6425

1 5 . 2267

1 4.8287

31

32

1 8 .3 1 82

1 7.7758

1 7.2585

1 6 . 7 64 8

1 6.2935

1 5.8433

1 5 .4 1 3 1

1 5 . 00 1 8

32

33

1 8 .599 1

1 8 .0357

1 7 .4990

1 6.9874

1 6 .4996

1 6.034 1

1 5 .5898

1 5 . 1 65 5

33

34

1 8 .8692

1 8.2850

1 7 .7292

1 7 . 1 999

1 6.6958

1 6. 2 1 54

1 5.7573

1 5 . 3 202

34

35

1 9 . 1 28 9

1 8 . 5 24 2

1 7 .9494

1 7 .4028

1 6.8828

1 6.3877

1 5 .9 1 6 1

1 5 .4666

35

36

1 9.3787

1 8.7536

1 8 . 1 602

1 7.5965

1 7 .0608

1 6.55 1 3

1 6.0665

1 5 .6050

36

37

1 9 .6 1 8 8

1 8 .9736

1 8 . 36 1 9

1 7.78 1 4

1 7.2303

1 6 .7068

1 6 . 20 9 2

1 5.7359

37

38

1 9 .8497

1 9 . 1 8 47

1 8 . 5 5 49

1 7 .9579

1 7 . 39 1 8

1 6 . 8 546

1 6 . 3 444

1 5 .8596

38

39

20.07 1 7

1 9.3872

1 8.7395

1 8 . 1 264

1 7 .5456

1 6 .9949

1 6.4725

1 5 .9766

39

40

20. 2 8 5 2

1 9.58 1 4

1 8 .9 1 63

1 8.2873

1 7 .6920

1 7 . 1 28 3

1 6 . 5 940

1 6.0873

40

41

20.4904

1 9.7677

1 9.0854

1 8 .4409

1 7.83 1 5

1 7.2550

1 6.7092

1 6 . 1 9 20

41

42

20.6878

1 9 .9464

1 9.2473

1 8.5875

1 7 .9644

1 7.3754

1 6.8 1 83

1 6 . 2 909

42

43

20.8776

20. 1 1 7 8

1 9 .402 1

1 8.7274

1 8 .0909

1 7 .4 8 9 8

1 6.92 1 7

1 6. 3 8 4 5

43

44

2 1 .0600

20.2822

1 9. 5 503

1 8 . 86 1 1

1 8.2 1 1 4

1 7.5985

1 7. 0 1 98

1 6.4730

44

45

2 1 .2355

2 0 . 4400

1 9.6922

1 8 .9886

1 8 . 3 26 1

1 7 . 70 1 7

1 7 . 1 1 27

1 6. 5 567

45

46

2 1 .4042

20.59 1 2

1 9.8279

1 9 . 1 1 04

1 8.4354

1 7 .7998

1 7 . 2008

1 6.6358

46

47

2 1 . 5 664

2 0 . 7 3 64

1 9.9577

1 9 . 2 26 6

1 8.5395

1 7.893 1

1 7 .2844

1 6 . 7 1 06

47

48

2 1 .7224

20.8756

20.08 20

1 9.3376

1 8.6386

1 7 .98 1 6

1 7.3635

1 6.78 1 4

48

49

2 1 . 8 7 24

2 1 . 009 1

20.20 1 0

1 9.4436

1 8 . 7 3 30

1 8 .0 6 5 8

1 7.4385

1 6.8483

49

50

2 2 . 0 1 66

2 1 . 1 372

2 0 . 3 1 48

1 9 . 5447

1 8 .8229

1 8 . 1 457

1 7 . 5 09 6

1 6 .9 1 1 6

50

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

No Income Tax
Single Rate

Quarterly
in Advance

YEARS' PURCHASE*
Rate per Cent

Y rs .

4.5

4.75

5.25

5.5

5.75

Y rs .

51

22. 1 5 53

2 1 . 260 I

20. 4 2 3 7

1 9 . 64 1 3

1 8 .9086

1 8 . 22 1 7

1 7.577 1

1 6.97 1 4

51

52

22.2886

2 1 .3780

20.5279

1 9.7334

1 8 .990 1

1 8 . 29 3 9

1 7 .6409

1 7 .0280

52

53

22.4 1 68

2 1 . 49 1 0

20.6276

1 9. 8 2 1 4

1 9.0678

1 8 . 36 2 4

1 7 . 70 1 5

1 7 . 08 1 5

53

54

2 2 . 540 I

2 1 .5995

20.7230

1 9 .9054

1 9. 1 4 1 8

1 8 .4276

1 7.7589

1 7. 1 32 1

54

55

22.6586

2 1 .7035

2 0 . 8 1 44

1 9.9856

1 9.2 1 22

1 8 .4895

1 7.8 1 33

1 7 . 1 799

55

56

2 2 . 7 7 26

2 1 .803 3

20.90 1 8

20.0622

1 9.2793

1 8.5483

1 7 . 8 649

1 7.225 1

56

57

22.8822

2 1 . 8 990

20.9854

20. 1 3 5 3

1 9.3432

1 8 . 6042

1 7.9 1 38

1 7.2679

57
58

58

22.9876

2 1 .9908

2 1 .0654

2 0 . 205 1

1 9 . 404 1

1 8.6573

1 7 .960 1

1 7 . 3084

59

2 3 .0889

22.0789

2 1 . 1 420

20.27 1 7

1 9.4620

1 8 . 7077

1 8 .0040

1 7 . 3 466

59

60

2 3 . 1 863

2 2 . 1 634

2 1 .2 1 53

20 . 3 3 5 3

1 9.5 1 72

1 8.7557

1 8 .0 4 5 7

1 7.3828

60

61

2 3 . 2800

2 2 . 2444

2 1 . 2 8 54

2 0 . 3 96 0

1 9.5698

1 8 . 80 1 2

1 8 . 08 5 1

1 7 .4 1 70

61

62

2 3 . 3 70 1

22.322 1

2 1 .3525

20.45 39

1 9 . 6 1 99

1 8 . 8445

1 8 . 1 225

1 7 .4494

62

63

2 3 .4567

2 2 . 3967

2 1 .4 1 67

20.5092

1 9.6675

1 8.8856

1 8 . 1 580

1 7 .4800

63

64

2 3 . 5 399

22.4682

2 1 .4782

20.56 2 1

1 9.7 1 30

1 8 . 9246

1 8. 1 9 1 6

1 7 .5089

64

65

2 3 . 6 200

2 2 . 5 368

2 1 .5370

20.6 1 25

1 9.7562

1 8 .96 1 8

1 8.2235

1 7.5362

65

66

2 3 .6970

2 2 . 6026

2 1 .5933

20.6606

1 9.7974

1 8 .9970

1 8.2537

1 7.562 1

66

67

23.77 1 1

22.6658

2 1 .647 1

2 0 . 7066

1 9.8366

1 9.0305

1 8.2823

1 7.5866

67

68

23.8422

2 2 . 7 26 3

2 1 .6986

2 0 . 7 504

1 9 . 8 7 40

1 9 . 06 2 3

1 8 . 3094

1 7 . 6097

68

69

2 3 . 9 1 07

2 2 . 7 8 44

2 1 .7480

20.7923

1 9 .9096

1 9 .0926

1 8.335 1

1 7.63 1 6

69

70

2 3 .9765

2 2 . 8 40 1

2 1 .795 1

20.8 3 2 3

1 9.9434

1 9. 1 2 1 3

1 8.3595

1 7.6522

70

71

24.0398

22.8936

2 1 .8403

20.8705

1 9.9757

1 9 . 1 48 6

1 8.3826

1 7 .67 1 8

71

72

2 4 . 1 006

2 2 . 9448

2 1 .8835

20.9069

20.0065

1 9 . 1 746

1 8 .4045

1 7 .6903

72

73

24. 1 59 2

2 2 . 9940

2 1 .9 249

20.94 1 7

20.03 5 7

1 9 . 1 99 2

1 8.4252

1 7 .7078

73

74

24.2 1 54

2 3 . 04 1 2

2 1 .9644

20.9749

20.06 3 6

1 9. 2226

1 8 .4449

1 7 . 7 24 3

74

75

24.2695

2 3 .0864

2 2 .0 0 2 3

2 1 .0066

20.0902

1 9 . 2449

1 8 .4636

1 7 . 7400

75

76

24. 3 2 1 5

2 3 . 1 299

22.0385

2 1 .0369

20. 1 1 54

1 9 . 26 6 0

1 8 .48 1 2

1 7 . 7 547

76

77

24. 3 7 1 5

23. 1 7 1 5

22.0732

2 1 .06 5 8

20. 1 39 5

1 9.286 1

1 8 .4980

1 7.7687

77

78

2 4 . 4 1 96

23.2 1 1 4

2 2 . 1 064

2 1 . 09 3 3

20. 1 6 2 5

1 9.3052

1 8. 5 1 39

1 7 . 7 8 20

78

79

24.4659

2 3 . 2497

22. 1 38 1

2 1 . 1 1 97

20. 1 843

1 9.3233

1 8 . 5 2 89

1 7.7945

79

80

24.5 1 03

2 3 . 28 6 5

22. 1 685

2 1 . 1 448

20.205 1

1 9 . 3 405

1 8.5432

1 7 .8063

80

81

24. 5 5 3 1

23.32 1 7

2 2 . 1 976

2 1 . 1 68 8

2 0 . 2 249

1 9. 3 569

1 8 .5567

1 7.8 1 75

81

82

2 4 . 5 94 2

23.3555

22.2254

21.1917

20.2438

1 9.3724

1 8.5695

1 7.8280

82

83

24 . 6 3 3 7

2 3 . 3880

22.252 1

2 1 .2 1 36

20.26 1 8

1 9.3872

1 8 .58 1 7

1 7.8380

83

84

24.67 1 7

23.4 1 9 1

22.2775

2 1 .2345

20.2789

1 9 . 40 1 2

1 8.5932

1 7.8475

84

85

24.7083

2 3 .4489

22.30 1 9

2 1 . 2 5 44

20. 2 9 5 2

1 9 .4 1 46

1 8 .604 1

1 7 . 8 5 64

85

86

24.7434

23.4776

22.3253

2 1 .2734

2 0 . 3 1 07

1 9.4273

1 8 .6 1 45

1 7 . 8649

86

87

24.7772

2 3 . 50 5 0

22.3476

2 1 . 29 1 6

20. 3 2 5 5

1 9 .4 3 9 3

1 8 .6 2 4 3

1 7.8729

87

88

24.8097

23.53 1 4

2 2 . 3 690

2 1 .3089

20.3396

1 9 . 4507

1 8.6336

1 7 . 8 804

88

89

2 4 . 8 409

2 3 .5566

2 2 . 3 8 94

2 1 .3255

2 0. 3 5 3 0

1 9 . 46 1 6

1 8 . 6424

1 7.8876

89

90

24.87 1 0

2 3 . 5 809

2 2 .4090

2 1 .34 1 3

20.3658

1 9 . 47 1 9

1 8 .6 5 0 8

1 7 . 8944

90

91

2 4 . 8 999

2 3 .604 1

22.4277

2 1 . 3 564

20.3779

1 9 . 48 1 7

1 8.6587

1 7 .9008

91

92

24.9276

2 3 .6264

2 2 .4456

2 1 . 3 70 8

20.3895

1 9 . 49 1 1

1 8 .6662

1 7 .9068

92
93

93

24.9543

2 3 . 64 7 8

2 2 .4 6 2 8

2 1 . 3 84 5

20.4005

1 9 . 4999

1 8 .6733

1 7.9 1 25

94

2 4 . 9 8 00

23.6683

2 2 .4 7 9 2

2 1 .3977

2 0 .4 1 1 0

1 9 . 5083

1 8 . 6800

1 7 .9 1 79

94

95

2 5 .0047

23.6880

2 2 .4949

2 1 . 4 1 02

20.42 1 1

1 9. 5 1 63

1 8 . 6864

1 7.9230

95

96

25.0284

2 3 . 7069

2 2 . 5 099

2 1 .4222

20.4306

1 9.5239

1 8.6925

1 7.9279

96

97

25.05 1 3

23.7250

2 2 . 5 24 3

2 1 .4336

20.4397

1 9. 53 1 1

1 8.6982

1 7.9324

97

98

25.0732

2 3 . 7424

22.5380

2 1 .4445

20.4483

1 9. 5 3 8 0

1 8.7037

1 7.9368

98

99

2 5 .0943

23.759 1

22.55 1 2

2 1 .4549

20.4565

1 9 . 5445

1 8.7088

1 7 . 9408

99

1 00

2 5 . 1 1 46

23.7750

22.5638

2 1 .4648

2 0 . 4644

1 9 . 5 507

1 8 .7 1 37

1 7 . 9447

1 00

25.62 1 9

24 . 1 5 1 2

22.8438

2 1 .6740

20.62 1 2

1 9.6686

1 8 .8026

1 8 .0 1 1 9

PERP
*

4.25

PERP

Note:-in computing the Quarterly i n Advance figures i n these tables, all the rates % quoted are effect1ve rates;
see the Introduction Section, pages xix-xx.

No IHCome Tax

Qearterly

YEARS' PURCHASE*

Single Rate

in AdvaiiCe

Rate per Cent*

Yrs.

6.25

6.5

6.75

7.25

7.5

7.75

Yrs.

0.9785

0.9777

0.9768

0.9760

0.97 5 1

0.9743

0.9734

0.9726

1 . 90 1 6

1 .8978

1 . 8 940

1 . 8902

1 .8865

1 .8827

1 .8790

1 .8 7 5 3

2.7725

2.7638

2.7552

2 . 7467

2.7382

2.7297

2.72 1 3

2 . 7 1 30

3 . 594 1

3.5789

3 .5639

3 . 5490

3 .534 1

3.5 1 95

3 . 5049

3 .4905

4.3692

4 . 346 1

4.3232

4 . 3 00 5

4.278 1

4.2558

4.2338

4 . 2 1 20

4.9424

4.9 1 1 9

4.88 1 7

5 . 1 00 4

5 .068 1

5.036 1

5 .0045

4.9733

5 . 7902

5 . 7 476

5 . 70 5 6

5 . 664 1

5 . 62 3 1

5 . 5 8 26

5 . 5426

5 . 50 3 2

6 . 44 1 0

6.3872

6 . 3 34 2

6.28 1 9

6.2303

6. 1 795

6 . 1 294

6 . 0 8 00

7 . 0549

6.989 1

6 . 9 244

6 . 8 606

6.7979

6.736 1

6.6752

6 .6 1 5 3

10

7.634 1

7.5557

7 .4786

7 .4028

7.3283

7 . 2 5 50

7 . 1 829

7. 1 1 21

10

ll

8 . 1 80 5

8.0889

7 . 9990

7 . 9 1 07

7 . 8 240

7.7388

7.6552

7.573 1

8.6959

8 . 5907

8.4876

8 .3864

8.2872

8 . 1 900

8 .0946

8 . 00 1 0

12
13

12

ll

13

9. 1 822

9.063 1

8 . 9464

8.8321

8 . 7 20 2

8 . 6 1 06

8 . 50 3 3

8 ."3 9 8 2

14

9 . 64 1 0

9 . 50 7 6

9.377 1

9 . 2496

9 . 1 248

9 .0028

8.8835

8 . 7667

14

15

1 0 .07 3 8

9 . 9 260

9.78 1 6

9 . 6407

9 . 5030

9.3685

9.2372

9 . 1 08 8

15

16

I 0.482 1

1 0 . 3 1 98

1 0. 1 6 1 5

1 0 .007 1

9 . 8 5 64

9.7095

9.566 1

9.4262

16

1 0.8673

1 0 . 6 904

1 0. 5 1 8 1

1 0. 3 5 0 3

1 0. 1 86 8

1 0.0274

9.8722

9 . 7 209

17

18

1 1 . 23 0 7

1 1 .0 3 9 2

1 0 . 8 5 29

1 0.67 1 8

1 0. 4 9 5 5

1 0. 3 2 3 9

1 0. 1 569

9 . 9943

18

19

1 1 .5735

1 1 .3675

1 1 . 1 6 74

1 0.9729

1 0 . 7 8 40

1 0 .6003

1 0 .42 1 7

1 0 . 2480

19

20

1 1 .8969

1 1 .6765

1 1 .4626

1 1 .255 1

1 1 .0 5 3 6

1 0. 8 5 8 0

1 0. 6 6 8 0

1 0. 4 8 3 6

20

17

21

1 2 . 2020

1 1 .9673

1 1 . 7 3 98

1 1 .5 1 93

1 1 .3056

1 1 .0 9 8 3

1 0.8972

1 0.702 1

21

22

1 2 .4899

1 2 . 24 1 0

1 2 . 000 1

1 1 . 7669

1 1 .541 1

1 1 .3223

1 1 . 1 1 04

1 0. 9 0 5 0

22

23

1 2.76 1 4

1 2.4986

1 2 . 2445

1 1 .9988

1 1 .76 1 2

1 1 .53 1 2

1 1 .3087

1 1 .0 9 3 2

23

24

1 3 .0 1 76

1 2. 74 1 1

1 2 . 4 7 40

1 2. 2 1 6 1

1 1 .9669

1 1 . 7 260

1 1 .4 9 3 1

1 1 .2680

24

25

1 3 .2592

1 2 .9692

1 2.6895

1 2 . 4 1 96

1 2. 1 59 1

1 1 .9076

1 1 .6647

1 1 .430 I

25

26

1 3 .48 7 2

1 3 . 1 840

1 2. 89 1 8

1 2 . 6 1 03

1 2.3388

1 2.0770

1 1 . 8 244

1 1 . 5 806

26

27

1 3 . 7023

1 3 .386 1

1 3 . 08 1 8

1 2.7889

1 2 .5067

1 2.2348

1 1 .9728

1 1 . 7 20 3

27

28

1 3 .9052

1 3 . 5 764

1 3 . 2602

1 2.9562

1 2.6636

1 2. 3 8 2 1

1 2. 1 1 1 0

1 1 .8499

28

29

1 4.0967

1 3 .7554

1 3 .4 2 7 7

1 3 . 1 1 29

1 2 . 8 1 03

1 2. 5 1 93

1 2.2395

1 1 .9702

29

30

1 4. 2 7 7 3

1 3 . 9 240

1 3.5850

1 3.2597

1 2.9473

1 2.6473

1 2 . 3 5 90

1 2 .08 1 8

30

31

1 4 .4476

1 4.0826

1 3.7327

1 3.3972

1 3 .0 7 5 4

1 2 . 7 666

1 2 .4702

1 2. 1 854

31

32

1 4 .608 3

1 4. 2 3 1 8

1 3.87 1 4

1 3 . 5 26 1

1 3 . 1 95 2

1 2.8779

1 2.5736

1 2. 28 1 6

32
33

33

1 4 . 7600

1 4. 3 7 2 3

1 4 . 00 1 6

1 3 .6 4 6 7

1 3 .3070

1 2.98 1 7

1 2.6698

1 2 . 3 708

34

1 4 .9030

1 4 . 5046

1 4 . 1 238

1 3.7598

1 3.41 1 6

1 3 .0 7 8 4

1 2.7593

1 2.4537

34

35

1 5 .0 3 8 0

1 4 .6290

1 4.2386

1 3.8657

1 3 . 5093

1 3 . 1 686

1 2.8426

1 2. 5 305

35

36

1 5 . 1 65 3

1 4 . 746 1

1 4. 3464

1 3 .9649

1 3 .6007

1 3.2527

1 2 . 9 200

1 2 . 60 1 9

36

37

1 5. 2 8 5 4

1 4.8564

1 4 .4476

1 4.0579

1 3 .6 8 6 0

1 3.33 1 1

1 2.992 1

1 2.668 1

37

38

1 5 .3987

1 4. 960 1

1 4 . 5 426

1 4 . 1 449

1 3 .7 6 5 8

1 3 . 4042

1 3 .0 5 9 1

1 2 . 7 29 5

38

39

1 5 .5056

1 5.0578

1 4.63 1 9

1 4.2265

1 3 . 8 404

1 3 . 4 7 24

13.1214

1 2.7866

39

40

1 5 .6064

1 5 . 1 49 7

1 4. 7 1 57

1 4 . 3 029

1 3 . 9 1 00

1 3.5359

1 3. 1 794

1 2.8395

40

41

1 5 . 70 1 6

1 5 .2362

1 4 . 7943

1 4 . 3 744

1 3 .9 7 5 2

1 3 .5952

1 3.2334

1 2.8886

41

42

1 5 .79 1 3

1 5 . 3 1 76

1 4.8682

1 4.44 1 5

1 4 .0360

1 3.6505

1 3 .2836

1 2.9342

42

43

1 5 . 8 7 60

1 5 . 3 943

1 4.9376

1 4.5043

1 4 .0929

1 3 .7020

1 3 .3302

1 2.9765

43

1 5.9558

1 5 .4664

1 5 .0027

1 4.563 1

1 4 . 1 46 1

1 3 . 7 500

1 3.3737

1 3 .0 1 5 8

44

45

1 6 .03 1 2

1 5 . 5342

1 5 .0639

1 4 .6 1 8 2

1 4. 1 95 7

1 3 .7948

1 3.4 1 4 1

1 3 .0 5 2 2

45

46

1 6 . 1 02 3

1 5.598 1

15.1213

1 4.6699

1 4.2422

1 3 . 8 3 66

1 3 .45 1 6

1 3 .0860

46

47

1 6 . 1 69 4

1 5.6583

1 5. 1 75 2

1 4. 7 1 82

1 4. 2 8 5 5

1 3.8755

1 3 .4866

1 3 . 1 1 74

47

48

1 6 . 2 3 26

1 5 . 7 1 48

1 5.2258

1 4. 7 6 3 5

1 4. 3 26 1

1 3.91 1 8

1 3.5 1 9 1

1 3 . 1 46 5

48

49

1 6.2923

1 5.768 1

1 5.2734

1 4. 8060

1 4 . 3640

1 3 .9 4 5 7

1 3 . 5 494

1 3 . 1 736

49

50

1 6. 3 4 8 6

1 5 .8 1 82

1 5 . 3 1 80

1 4. 8 4 5 7

1 4 . 3994

1 3.9772

1 3.5775

1 3 . 1 98 7

50

44

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

No Income Tax
Single Rate

Quarterly
in Advance

YEARS' PURCHASE*
Rate per Cent*

Y rs .

51

1 6 .40 1 7

1 5 . !! 6 5 4

52

1 6 .45 1 9

1 5 . 9098

53

1 6 .499 1

1 5 .95 1 6

54

1 6.5437

55

1 6.5858

6.25

6.5

6.75

1 5 . 3 599

1 4 . 8 !! 30

1 5 .3993

1 4.9 1 79

1 5 .4362

1 5 .9909
1 6.0280

7.25

7.5

7.75

Y rs .

1 4.4325

1 4 .0067

1 3 .6037

1 3 . 22 1 9

51

1 4 . 46 3 5

1 4.034 1

1 3.6280

1 3 .2436

52

1 4.9505

1 4 .4924

1 4.0597

1 3 .6507

1 3 .2636

53

1 5 . 4709

1 4.98 1 2

1 4 . 5 1 94

1 4.0836

1 3.67 1 8

1 3.2822

54

1 5.5035

1 5 . 0098

1 4 . 5447

1 4. 1 058

1 3 . 69 1 4

1 3 .2995

55

56

1 6.6255

1 6 .06 2 8

1 5.534 1

1 5 .0367

1 4.5683

1 4 . 1 266

1 3 . 7096

1 3 .31 5 5

1 6.6630

56

57

1 6 .0956

1 5.5628

1 5 . 06 1 9

1 4 . 5 903

1 4. 1 459

1 3 .7265

1 3 . 3 304

58

1 6 .69!! 3

57

1 6 . 1 26 5

1 5.5898

1 5 .08 5 4

1 4 .6 1 09

1 4. 1 639

1 3 .7423

1 3 .3442

1 6.73 1 6

58

59

1 6 . 1 555

1 5 .6 1 5 1

1 5 . 1 07 5

1 4.6302

1 4 . 1 807

1 3.7570

1 3.3570

59

60

1 6.763 1

1 6. 1 828

1 5.6389

1 5 . 1 28 2

1 4.6482

1 4 . 1 964

1 3 . 7 707

1 3.3689

60
61

61

1 6.7927

1 6 .2086

1 5 . 66 1 2

1 5 . 1 476

1 4.6650

1 4. 2 1 1 0

1 3.7834

1 3 . 3 800

62

1 6 . 8 207

1 6.2328

1 5 .6822

1 5 . 1 65 8

1 4.6808

1 4.2247

1 3.7952

1 3 . 3 902

1 6. 8 4 7 1

62

63

1 6.2556

1 5 .70 1 8

1 5 . 1 8 28

1 4.6955

1 4.2374

1 3 .8 0 6 2

1 3 .3997

63
64

64

1 6.8720

1 6.2770

1 5 . 7 20 3

1 5 . 1 98 7

1 4.7092

1 4.2492

1 3 . 8 1 64

1 3 .408 5

65

1 6.8955

1 6.2972

1 5.7377

1 5.2 1 36

1 4 . 7 220

1 4. 2603

1 3.8259

1 3.4 1 67

65

66

1 6 .9 1 7 7

1 6 .3 1 62

1 5 . 7 540

1 5 .2276

1 4 . 7 340

1 4 . 2706

1 3 . 8 347

1 3 .4 2 4 3

66

67

1 6.9386

1 6.334 1

1 5 .7693

1 5 . 2407

1 4.7452

1 4.2802

1 3 .8430

1 3 .43 1 4

1 6.9583

67

68

1 6 . 3 50 9

1 5.7837

1 5.2530

1 4. 7 5 5 7

1 4.289 1

1 3 . 8 506

1 3.4379

1 6.9769

68

69

1 6 . 3 66 8

1 5.797 1

1 5 .2645

1 4.7655

1 4.2975

1 3.8577

1 3 .4440

1 6 .9945

69

70

1 6.38 1 7

1 5 .8098

1 5.2752

1 4.7747

1 4.3053

1 3 . 8644

1 3 . 4496

70

71

1 7 .0 1 1 1

1 6.3957

1 5.82 1 7

1 5.2853

1 4.7832

1 4.3 1 25

1 3 .8705

1 3 .4549

71

72

1 7 .0267

1 6 . 4089

1 5.8329

1 5 . 2947

1 4 . 79 1 2

1 4.3 1 93

1 3.8763

1 3 .4597

72

73

1 7 . 04 1 4

1 6 .42 1 4

1 5 .8434

1 5 . 3036

1 4.7987

1 4. 3 2 5 6

1 3.88 1 6

1 3 . 4642

73

74

1 7 .05 5 3

1 6.433 1

1 5.8532

1 5.3 1 1 9

1 4.8057

1 4. 3 3 1 5

1 3.8865

1 3 .4684

74

75

1 7 .0684

1 6 .444 1

1 5.8625

1 5 . 3 1 97

1 4.8 1 22

1 4 . 3 3 70

1 3 . 89 1 2

1 3 .4723

75

76

1 7 .0808

1 6.4544

1 5 .87 1 1

1 5 . 3 269

1 4. 8 1 8 3

1 4.342 1

1 3.8955

1 3 .47 5 9

76

77

1 7 . 09 2 5

1 6 .4642

1 5.8793

1 5.3337

1 4 . 8 240

1 4 . 3 46 8

1 3 . 8 994

1 3 .4793

77

78

1 7 . 1 03 5

1 6.4734

1 5 .8869

1 5 . 3 40 1

1 4.8293

1 4. 3 5 1 3

1 3 .9032

1 3 .4824

78

79

1 7 . 1 1 39

1 6.4820

1 5 . 8 94 1

1 5 . 3 46 1

1 4.8343

1 4. 3 5 5 4

1 3 .9066

1 3 .48 5 2

79

80

1 7 . 1 237

1 6 .4902

1 5 . 9009

1 5.35 1 7

1 4 . 8 3 90

1 4. 3 5 9 3

1 3 .9098

1 3 .4879

80

81

1 7. 1 330

1 6 .4978

1 5 .9072

1 5 . 3 570

1 4.8433

1 4.3629

1 3 . 9 1 28

1 3 . 4904

81

82

17.1417

1 6.5050

1 5 .9 1 32

1 5 . 36 1 9

1 4.8474

1 4.3663

1 3 .9 1 56

1 3 .4927

82

83

1 7 . 1 499

1 6.5 1 1 8

1 5. 9 1 87

1 5 .3665

1 4. 8 5 1 2

1 4 . 3 694

1 3.9 1 82

1 3 . 4948

83

84

1 7. 1 577

1 6.5 1 82

1 5 . 9 240

1 5 . 3 708

1 4.8547

1 4.3723

1 3 . 9 206

1 3 . 4968

84

85

1 7 . 1 6 50

1 6 . 5 24 2

1 5 .9289

1 5 . 3 748

1 4.8580

1 4. 37 5 1

1 3 .9228

1 3 .4 9 8 6

85

86

1 7. 1 7 1 9

1 6 . 5 29 8

1 5.9335

1 5.3786

1 4 . 86 1 1

1 4. 3 7 7 6

1 3 . 9 249

1 3 . 5004

86

87

1 7 . 1 784

1 6. 5 3 5 1

1 5 .9379

1 5.3822

1 4 . 8640

1 4 . 3 800

1 3 .9269

1 3 . 50 1 9

87

88

1 7 . 1 8 46

1 6 . 5 40 2

1 5 . 9420

1 5.3855

1 4.8667

1 4. 3 8 2 2

1 3.9287

1 3 . 50 3 4

88

89

1 7 . 1 904

1 6 . 5 449

1 5 .9458

1 5.3886

1 4.8693

1 4.3842

1 3.9303

1 3 . 5048

89
90

90

1 7 . 1 959

1 6 . 5493

1 5 . 9494

1 5.39 1 5

1 4. 8 7 1 6

1 4. 3 8 6 2

1 3 .93 1 9

1 3 . 5 06 0

91

1 7 . 20 1 0

1 6. 5 5 3 5

1 5 .9528

1 5.3943

1 4. 8 7 3 8

1 4. 3 8 7 9

1 3.9333

1 3.5072

91

92

1 7 . 20 5 9

1 6.5574

1 5.9559

1 5 . 3 96 8

1 4. 8 7 5 9

1 4.3896

1 3 .9347

1 3 . 50 8 3

92

93

1 7 . 2 1 05

1 6 . 56 1 1

1 5.9589

1 5 . 3992

1 4. 8 7 7 8

1 4.39 1 2

1 3.9359

1 3 . 50 9 3

93

94

1 7 . 2 1 48

1 6 . 5 646

1 5 . 96 1 7

1 5 .40 1 5

1 4. 8 7 9 6

1 4.3926

1 3.937 1

1 3 . 5 1 03

94

95

1 7 .2 1 89

1 6.5679

1 5 .9643

1 5 . 4036

1 4. 8 8 1 3

1 4 . 3 940

1 3.9382

1 3.5 1 1 1

95

96

1 7 .2228

1 6 . 5 709

1 5 .9668

1 5 .405 5

1 4.8829

1 4. 3 9 5 2

1 3.9392

1 3.5 1 1 9

96

97

1 7 . 2264

1 6.5738

1 5 .969 1

1 5 .4074

1 4 . 8 844

1 4 . 3 96 4

1 3 .9402

1 3 . 5 1 27

97

98

1 7 .2299

1 6.5766

1 5 .97 1 3

1 5 . 409 1

1 4. 8 8 5 8

1 4.3975

1 3 . 94 1 0

1 3 .5 1 34

98

99

1 7.233 1

1 6.579 1

1 5.9733

1 5 . 4 1 07

1 4. 8 8 7 0

1 4. 3 9 8 5

1 3 . 94 1 8

1 3 . 5 1 40

99

1 00

1 7.2362

1 6.58 1 6

1 5.9752

1 5 .4 1 2 2

1 4. 8 8 8 3

1 4.3995

1 3 .9426

1 3 . 5 1 46

1 00

PERP

1 7 .287 1

1 6.6203

1 6 .0047

1 5 .4347

1 4.9054

1 4 . 4 1 26

1 3.9527

1 3. 5224

PERP

Note:-In computing the Quarterly i n Advance figures i n these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

No Income Tax
Single Rate

Quarterly
in Advance

YEARS ' PURCHASE*


Rate per Cent*

Yrs.

8.25

8.5

8.75

9.5

10

II

Yrs.

0.97 1 8

0 . 9 7 09

0.970 1

0.9693

0.9685

0.9669

0.9652

0.9620

1 .87 1 6

1 . 8679

1 . 8642

1 . 8606

1 .8570

1 . 8498

1 .8427

1 .8287

2 . 7047

2.6965

2.6883

2.6802

2.672 1

2.6562

2 . 6404

2.6095

3 . 476 1

3 . 46 1 9

3 . 4478

3 .4339

3 . 4200

3 . 3926

3 . 3656

3 . 3 1 30

4. 1 904

4 . 1 690

4. 1 47 9

4 . 1 269

4 . 1 06 1

4 . 06 5 1

4 .0249

3 . 9467

4.85 1 8

4.8223

4.7930

4.764 1

4.7355

4.6793

4.6242

4.5 1 76

5 . 4642

5.4257

5.3877

5 . 3 50 1

5 . 3 1 30

5 . 2402

5 . 1 69 1

5 .03 1 9

6.03 1 2

5 . 98 3 1

5.9357

5 .8889

5 . 84 2 8

5 . 7 524

5 . 6644

5.4953

6.5562

6.498 1

6 .4408

6 . 3 8 44

6 . 3 28 8

6 . 2202

6 . 1 1 47

5.9 1 28

10

7 . 0424

6.9738

6 . 9064

6 . 8 400

6.7748

6 . 6474

6 . 5 240

6.2888

10

II

7 . 49 2 5

7 .4 1 3 3

7 . 3 3 54

7 . 2590

7. 1 839

7.0375

6.8962

6.6276

12

7 . 9093

7.8 1 92

7 . 7 309

7 . 6442

7 . 5 592

7.3938

7.2345

6.9329

II

13

8 . 29 5 2

8 . 1 943

8.0954

7.9985

7.9035

7 . 7 1 92

7 . 5420

7 . 20 7 9

13

14

8.6525

8 . 5407

8 .4 3 1 3

8 . 3242

8 . 2 1 94

8 .0 1 6 3

7.82 1 6

7.4556

14

15

8.9833

8 . 8 607

8 . 7409

8.6238

8 . 5092

8 . 2877

8.0758

7.6788

15

16

9.2897

9 . 1 564

9.0263

8.8992

8.775 1

8.5355

8 . 3 06 9

7 . 8 7 99

16

17

9.5733

9.4295

9.2892

9. 1 525

9 . 0 1 90

8.76 1 9

8 . 5 1 69

8 . 06 1 0

17

18

9.8360

9.68 1 8

9.53 1 6

9.3854

9 . 24 2 8

8.9685

8 . 70 7 9

8 . 2242

18

19

1 0.0792

9 . 9 1 49

9.7550

9.5995

9 . 448 1

9. 1 573

8.88 1 5

8.37 1 2

19

20

1 0 . 3 043

1 0 . 1 302

9.96 1 0

9 . 7964

9.6365

9 . 3 297

9.0393

8 . 5037

20

21

1 0.5 1 28

1 0 . 3 29 1

1 0 . 1 507

9.9775

9 . 8 09 3

9 . 48 7 1

9. 1 828

8.6230

21

22

1 0.7059

1 0.5 1 28

1 0. 3 2 5 6

1 0 . 1 440

9.9678

9 . 6 3 09

9.3 1 32

8 . 7 305

22
23

23

1 0.8846

I 0.6826

24

1 1 .050 1

1 0 . 8 3 94

25

1 1 .2034

26
27

I 0.4868

12

1 0.297 1

1 0. 1 1 3 3

9.7622

9.43 1 8

8.8273

1 0.6354

1 0.4379

1 0 . 2467

9.882 1

9 . 5 396

8 . 9 1 46

24

1 0.9842

1 0.7723

1 0. 5674

1 0.369 1

9.99 1 6

9.6376

8.9932

25

1 1 .3453

1 1 . 1 1 80

I 0.8985

1 0.6865

1 0 .48 1 5

1 0 .09 1 6

9 . 7 26 7

9 . 0640

26

1 1 .4767

1 1 . 24 1 7

1 1 . 0 1 49

I 0.7959

1 0.5845

1 0. 1 829

9.8077

9. 1 278

27

28

1 1 .5983

1 1 .3559

1 1 . 1 22 1

1 0 . 8 966

1 0. 6 7 9 0

1 0. 2 6 6 3

9.88 1 3

9. 1 853

28

29

1 1 .7 1 1 0

1 1 . 46 1 3

1 1 . 2 209

1 0.9892

1 0.7658

1 0.3425

9.9482

9.2370

29

30

1 1 .8 1 53

1 1 .5588

1 1 .3 1 1 9

1 1 .0743

1 0.8453

1 0 .4 1 20

1 0 .009 1

9.2837

30

31

1 1 .9 1 1 8

1 1 .6488

1 1 .3959

1 1 . 1 525

1 0.9 1 8 3

1 0. 4 7 5 6

1 0 .0644

9.3257

31

32

1 2 . 00 1 2

1 1 . 7 3 20

1 1 .4732

1 1 .2245

1 0. 9 8 5 3

1 0. 5 3 36

1 0. 1 1 47

9.3636

32

33

1 2 .0840

1 1 .8088

1 1 . 5 445

1 1 . 2907

1 1 .046 7

1 0.5865

1 0 . 1 604

9.3977

33

34

1 2 . 1 607

1 1 .8798

1 1 . 6 1 02

1 1 .35 1 5

1 1 . 1 03 1

1 0.6349

1 0 .2020

9.4284

34

35

1 2.23 1 7

1 1 .9453

1 1 .6708

1 1 . 407 5

1 1 . 1 5 48

1 0. 6 7 9 1

1 0.2397

9.456 1

35

36

1 2.2974

1 2 .0059

1 1 . 7 266

1 1 .4590

1 1 .2022

1 0.7 1 9 5

1 0. 2 7 4 1

9.48 1 0

36
37

37

1 2.3583

1 2 . 06 1 9

1 1 .778 1

1 1 .5063

1 1 .2458

1 0.7563

1 0.3053

9.5035

38

1 2 .4 1 46

1 2. 1 1 35

1 1 .8255

1 1 . 5 498

1 1 .2857

1 0 . 7 900

1 0. 3 3 3 7

9.5237

38

39

1 2 .4668

1 2. 1 6 1 3

1 1 .8692

1 1 .5898

1 1 . 3 223

1 0. 8 207

1 0. 3 5 9 5

9 . 5420

39
40

40

1 2. 5 1 5 1

1 2 . 2054

1 1 .9095

1 1 .6266

1 1 .3559

1 0.8488

1 0. 3 8 3 0

9 . 5584

41

1 2.5598

1 2 . 246 1

1 1 .9466

1 1 .6604

1 1 .3868

1 0 . 8 744

1 0 .4043

9.5732

41

42

1 2 . 60 1 3

1 2.2838

1 1 .9808

1 1 . 69 1 5

1 1 .4 1 5 1

1 0.8978

1 0.4237

9.5865

42

43

1 2.6396

1 2.3 1 8 5

1 2.0 1 23

1 1 .720 1

1 1 . 44 1 0

1 0.9 1 92

1 0 . 44 1 3

9.5986

43

44

1 2.67 5 1

1 2 . 3 507

1 2 . 04 1 4

1 1 .7464

1 1 .4648

1 0.9387

I 0.4573

9 . 6094

44

45

1 2.7080

1 2.3803

1 2 .068 2

1 1 . 7 7 06

1 1 .4867

1 0.9565

1 0. 4 7 1 9

9.6 1 9 1

45

46

1 2.7384

1 2 .4078

1 2 .0929

1 1 .7928

1 1 . 5067

1 0. 9 7 2 8

1 0. 48 5 1

9.6279

46

47

1 2.7666

1 2.43 3 1

1 2. 1 1 56

1 1 .8 1 33

1 1 .525 1

1 0.9877

1 0. 4 9 7 2

9.6358

47

48

1 2.7927

1 2.4565

1 2. 1 366

1 1 .8 3 2 1

1 1 . 5420

1 1 . 00 1 3

1 0 . 508 1

9.6430

48

49

1 2 . 8 1 69

1 2 . 47 8 1

1 2. 1 559

1 1 .8494

1 1 .5574

1 1 .0 1 37

1 0. 5 1 8 1

9 . 6494

49

50

1 2.8393

1 2 .4980

1 2. 1 738

1 1 .8653

1 1 . 57 1 6

1 1 .0 2 5 0

1 0. 5 2 7 1

9.6552

50

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

No Income Tax
Single Rate

Quarterly
in Advance

YEARS' PURCHASE*
Rate per Cent*

II

Y rs .

9.5

10

1 1 . 8 799

1 1 . 5 847

1 1 .0354

I 0.5353

9 . 6604

1 1 .8934

1 1 . 5 96 6

1 1 .0448

I 0. 5428

9.665 1

52

1 1 .9057

1 1 .6076

1 1 .0534

1 0 . 5 496

9.6693

53

Yrs.

8.25

8.5

8.75

51

1 2 . 8 600

1 2.5 1 65

1 2 . 1 90 2

52

1 2.8792

1 2.5335

1 2.2053

53

1 2 . 8 9 69

1 2.5493

1 2. 2 1 93

51

I 0.5558

9.673 1

54

1 0.56 1 4

9.6765

55

1 1 .075 1

I 0.5665

9.6796

56

1 1 .08 1 1

1 0 . ,5 7 1 1

9 . 6 8 24

57

1 1 .0865

I 0.5754

9 .6849

58

54

1 2.9 1 34

1 2.5638

1 2.23 2 1

1 1 .9 1 7 1

1 1 .6 1 76

I 1 . 06 1 3

55

1 2 .9286

1 2.5772

1 2 . 2440

1 1 .9275

1 1 .6269

1 1 .0685

56

1 2 . 9427

1 2.5896

1 2 . 2 549

1 1 .9372

1 1 .6 3 5 3

57

1 2.9558

1 2 . 60 1 1

1 2 . 2 649

1 1 .9460

I 1 . 643 1

58

1 2.9679

1 2.6 1 1 7

1 2. 2742

1 1 .954 1

1 1 .6502

59

1 2 .979 1

1 2 .62 1 5

1 2.2828

I I .96 1 6

1 1 .6568

1 1 .09 1 6

I 0.5792

9.6872

59

60

1 2 .9894

1 2.6305

1 2 . 2906

1 1 .9685

1 1 .6627

1 1 .096 1

I 0.5827

9.6892

60

61

1 2 .9990

1 2.6388

1 2 . 2979

1 1 .9748

1 1 .6682

I I . I 003

I 0.5859

9.69 1 1

61

62

1 3 .0079

1 2 .6466

1 2 . 3 046

1 1 . 9 8 06

1 1 .6733

1 1 . 1 04 1

I 0.5887

9.6927

62

63

1 3.0 1 6 1

1 2.6537

1 2 . 3 1 08

1 1 .9859

1 1 .6779

1 1 . 1 07 6

1 0.59 1 4

9 .6942

63

64

1 3 .0238

1 2 . 6603

1 2 . 3 1 64

1 1 . 9909

1 1 .6 8 2 2

I I . I I 08

I 0.5937

9.6956

64

65

1 3 .0308

1 2.6663

1 2.32 1 7

1 1 .9954

1 1 .686 1

1 1 . 1 1 37

I 0.5959

9.6968

65

66

1 3 .0373

1 2.6720

1 2 . 3 26 5

1 1 .9995

1 1 .6896

1 1 . 1 1 63

I 0.5979

9.6979

66

67

1 3 .0434

1 2.677 1

1 2.33 1 0

1 2 .0034

1 1 .6929

1 1 . 1 1 87

I 0.5997

9.6988

67

68

1 3 . 0490

1 2.68 1 9

1 2.335 1

1 2 . 0069

1 1 .6959

1 1.1210

1 0 . 60 1 3

9 .6997

68

69

1 3 0542

1 2 .6864

1 2.3389

1 2.0 1 0 1

1 1 .6987

1 1 . 1 230

1 0.6028

9 . 7005

69

70

1 3 .0590

1 2 . 6904

1 2.3423

1 2.0 1 3 1

1 1 . 70 1 2

I 1 . 1 248

1 0 .604 1

9.70 1 2

70

71

1 3 .0634

1 2.6942

1 2.3455

1 2.0 1 58

I 1 . 7036

1 1 . 1 26 5

I 0.6053

9 . 70 1 9

71

72

1 3 .0675

1 2.6977

1 2.3485

1 2.0 1 83

1 1 .7057

1 1 . 1 280

1 0.6064

9.7025

72

73

1 3 .07 1 3

1 2 . 7009

1 2.35 1 2

1 2 . 0206

1 1 .7076

1 1 . 1 2 94

1 0.6075

9. 7030

73

74

1 3 . 0749

1 2 .7039

1 2.3538

1 2.0227

1 1 .7094

1 1 . 1 3 07

1 0.6084

9.7035

74

75

1 3 .078 1

1 2 .7067

1 2.356 1

1 2 . 0247

1 1 .7 1 1 1

I 1.1319

1 0 .6092

9.7039

75

76

1 3 .08 1 2

1 2.7092

1 2. 3 5 8 2

1 2.0265

1 1 . 7 1 26

1 1 . 1 3 30

1 0 . 6 1 00

9 . 7043

76

77

1 3 . 0840

1 2.7 1 1 6

1 2 . 3602

1 2.028 1

1 1 . 7 1 40

1 1 . 1 339

1 0 . 6 1 07

9 . 7046

77

78

1 3 .0866

1 2.7 1 37

1 2. 3620

1 2.0297

1 1 .7 1 53

1 1 . 1 3 48

10. 6 1 1 3

9 . 7049

78

79

1 3 .0890

1 2. 7 1 5 7

1 2.3637

1 2 .03 1 1

1 1 . 7 1 64

1 1 . 1 3 56

1 0.6 1 1 9

9.7052

79

80

1 3 . 09 1 2

1 2.7 1 76

1 2.3652

1 2 .03 23

1 1 .7 1 75

1 1 . 1 3 64

1 0 . 6 1 24

9.7055

80

81

1 3 .0932

1 2.7 1 93

1 2 . 3 666

1 2 .03 3 5

1 1 .7 1 85

1 1 . 1 37 1

1 0.6 1 28

9.7057

81

82

1 3 .0952

1 2 . 7 209

1 2. 3679

1 2 .0346

1 1 . 7 1 94

1 1 . 1 377

1 0.6 1 3 3

9.7059

82

83

1 3 .0969

1 2.7223

1 2.369 1

1 2.0356

1 1 . 7 20 2

1 1 . 1 383

1 0.6 1 37

9 . 7 06 1

83

84

1 3 .0986

1 2.7237

1 2 . 3 702

1 2.0365

1 1 .72 1 0

1 1 . 1 3 88

1 0 . 6 1 40

9.7062

84

85

1 3 . 1 00 1

1 2 . 7 249

1 2. 37 1 3

1 2 .0374

1 1 .72 1 7

1 1 . 1 393

1 0 .6 1 43

9 . 7064

85

86

1 3. 1 0 1 5

1 2 . 7 26 1

1 2.3722

1 2 . 03 8 1

1 1 .7223

1 1 . 1 3 97

1 0 . 6 1 46

9.7065

86

87

1 3 . 1 028

1 2.727 1

1 2. 3 7 3 1

1 2.0389

1 1 .7229

1 1 . 1 40 1

1 0 . 6 1 49

9 . 7067

87

88

1 3 . 1 040

1 2.728 1

1 2.3739

1 2.0395

1 1 .7234

1 1 . 1 404

1 0.6 1 5 1

9 . 7068

88

89

1 3 . 1 05 1

1 2 . 7 29 0

1 2. 3 746

1 2 . 040 1

1 1 .7239

1 1 . 1 408

1 0 . 6 1 54

9 . 7 06 9

89

90

1 3 . 1 06 1

1 2 .7 299

1 2.3753

1 2 . 0407

1 1 . 7 244

1 1.141 1

1 0.6 1 56

9 . 7069

90

91

1 3 . 1 07 1

1 2 . 7 3 06

1 2.3759

1 2 . 04 1 2

1 1 . 7 24 8

1 1. 1 4 1 3

1 0.6 1 5 7

9. 7070

91

92

1 3 . 1 079

1 2.73 1 4

1 2. 3 765

1 2 . 04 1 7

I I .7 2 5 2

1 1.1416

1 0.6 1 59

9.707 1

92

93

1 3 . 1 08 8

1 2 . 7 3 20

1 2. 3 7 7 1

1 2.042 1

1 1 .7255

1 1.1418

1 0. 6 1 6 1

9.7072

93

94

1 3 . 1 09 5

1 2 . 7 3 26

1 2. 3 7 7 5

1 2.0425

I I .7258

1 1 . 1 420

1 0.6 1 62

9.7072

94

95

1 3 . 1 1 02

1 2. 7 3 3 2

1 2.3780

1 2 .0428

1 1 .726 1

1 1 . 1 42 2

1 0.6 1 63

9.7073

95

96

1 3 . 1 1 09

1 2.7337

1 2.3784

1 2 . 04 3 2

1 1 . 7 264

1 1 . 1 4 24

1 0 . 6 1 64

9.7073

96

97

1 3. 1 1 1 5

1 2.7342

1 2.3788

1 2.043 5

1 1 . 7 26 6

1 1 . 1 42 6

1 0.6 1 6 5

9 . 70 7 4

97

98

1 3 . 1 1 20

1 2 . 7 346

1 2.3792

1 2.0438

1 1 .7269

1 1 . 1 42 7

1 0 . 6 1 66

9.7074

98

99

1 3 . 1 1 25

1 2.7350

1 2.3795

1 2 . 0440

I 1 .727 1

1 1 . 1 42 8

1 0.6 1 67

9.7074

99

1 00

1 3 . 1 1 30

1 2.7354

1 2.3798

1 2 .0443

1 1 .7273

1 1 . 1 430

1 0.6 1 68

9.7075

1 00

PERP

1 3 . 1 1 90

1 2 . 7 400

1 2.3833

1 2 .0470

1 1 . 7 29 4

1 1 . 1 44 2

1 0.6 1 76

9 . 7078

PERP

Note:-in computing the Quarterly i n Advance figures i n these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

No Income Tax

YEARS' PURCHASE*

Single Rate

Quarterly

ill Advance

Rate per Cent*

16

17

19

13

14

15

0.9589

0.9558

0.9527

0 . 9497

0.9467

0.9437

0 . 9408

0.9380

1 .8 1 50

1 .80 1 6

1 .7884

1 .7755

1 .7628

1 . 7 50 3

I .738 1

1 .7262

2 . 5 7 94

2.550 1

2.52 1 4

2 . 49 3 5

2.4663

2.4397

2 . 4 1 38

2.3885

3 . 26 1 9

3 . 2 1 25

3 . 1 64 5

3 . 1 1 80

3.0728

3 .0 2 90

2.9864

2.945 1

3.87 1 3

3 . 7986

3 . 7 286

3 . 6609

3 . 59 5 7

3 . 5 3 26

3 .4 7 1 7

3.4 1 28

4.4 1 .5 4

4.3 1 74

4.2234

4. 1 33 1

4 . 0464

3 .963 1

3 . 8 8 29

3 . 8059

4 . 90 1 2

4.7765

4.6574

4 . 5436

4.4349

4.33 1 0

4.23 1 5

4. 1 362

5 . 3 3 49

5. 1 827

5.038 1

4 . 9007

4.7699

4.6454

4 . 5 26 8

4.4 1 3 7

5.7222

5 . 5422

5.372 1

5.2 1 1 1

5.0587

4.9 1 42

4.777 1

4.6470

10

6 .0680

5 . 8604

5 . 66 5 1

5 . 48 1 1

5 . 30 7 6

5 . 1 439

4.9892

4.8430

10

II

6.3767

6. 1 4 1 9

5 . 9 220

5.7 1 58

5.5222

5 . 3 402

5 . 1 690

5 .00 7 7

II

12

6.6524

6.39 1 1

6 . 1 47 5

5 . 9 1 99

5 . 7072

5 . 5080

5.32 1 3

5 . 1 46 1

12

13

6.8985

6 .6 1 1 6

6.3452

6 . 09 7 4

5 . 8667

5 .6 5 1 4

5 . 4504

5 . 26 24

13

14

7 . 1 1 82

6 . 8067

6.5 1 87

6.25 1 8

6 . 004 1

5 . 7 7 40

5 . 5 598

5 . 3602

14

15

7 . 3 1 44

6 . 9 794

6.6708

6 . 3860

6. 1 227

5.8788

5 .6 5 2 5

5 . 4423

15

16

7 . 4896

7. 1 322

6 . 8043

6. 5027

6 . 2 248

5.9683

5.73 1 1

5.5 1 1 3

16

17

7 . 6460

7 . 26 7 5

6.92 1 4

6 . 6042

6 . 3 1 29

6 . 0449

5.7977

5 . 5693

17

18

7.7857

7.3872

7.024 1

6 . 6924

6.3888

6 . 1 1 03

5.854 1

5 . 6 1 80

18

19

7 . 9 1 04

7 .493 1

7. 1 1 41

6.7692

6.4543

6 . 1 662

5 . 90 2 0

5 . 6 590

19

20

8 .02 1 7

7 . 5 868

7. 1 932

6.8359

6 . 5 1 07

6 . 2 1 40

5 .9425

5 .6934

20

21

8. 1 2 1 1

7 . 6697

7 . 26 2 5

6.8939

6 . 5 594

6 . 2 5 48

5 .9768

5.7223

21

22

8 . 2099

7 . 74 3 1

7.3233

6 . 9444

6 . 60 1 3

6.2897

6.0059

5 . 7467

22

23

8 . 28 9 1

7 . 808 1

7 . 3 7 66

6.9883

6.6375

6 . 3 1 96

6.0306

5.767 1

23

24

8 . 3 599

7 . 8656

7 . 4234

7 . 0264

6.6686

6 .345 1

6 .05 1 5

5 .7842

24

25

8 .4230

7.9 1 65

7 . 4645

7 .0 5 9 6

6.6955

6 . 3 66 9

6.0692

5 .7987

25
26

Yrs.

12

18

Yrs.

26

8 . 4794

7 . 96 1 5

7 . 5005

7 .0 8 8 4

6.7 1 87

6.3855

6.0842

5 . 8 1 08

27

8 . 5 2 98

8 . 00 1 3

7 . 5 3 20

7. 1 1 35

6.7386

6 . 40 1 4

6 . 0969

5.82 1 0

27

28

8 . 5 7 48

8 .0366

7 . 5 5 97

7. 1 353

6.7558

6 .4 1 50

6 . 1 07 7

5 . 8 295

28

29

8 . 6 1 49

8 .0 6 7 8

7 . 5 8 40

7 . 1 543

6 . 7707

6.4267

6 . 1 1 69

5 . 8 3 67

29

30

8 .6508

8 .0 9 5 4

7 . 6054

7 . 1 708

6.7835

6.4366

6 . 1 246

5 . 8 428

30

31

8.6828

8 . 1 1 98

7 . 624 1

7. 1 8 5 1

6 . 7945

6 .445 1

6. 1 3 1 2

5.8478

31

32

8.7 1 1 3

8. 1 4 1 4

7 . 6405

7 . 1 97 6

6 . 8040

6 . 4 5 24

6 . 1 367

5.852 1

32

33

8 . 7 369

8 . 1 606

7 . 6 549

7 . 20 8 5

6.8 1 22

6.4586

6. 1 4 1 4

5.8557

33

34

8 . 7 596

8. 1 775

7.6675

7 . 2 1 79

6.8 1 93

6.4639

6 . 1 454

5.8587

34

35

8 . 7800

8 . 1 92 5

7.6785

7.226 1

6.8253

6.4684

6 . 1 48 8

5.86 1 2

35

36

8.798 1

8 . 20 5 7

7.6883

7.2332

6 . 8 306

6.4723

6. 1 5 1 7

5.8634

36

37

8 . 8 1 44

8.2 1 75

7 . 6968

7 . 2394

6.835 1

6.4756

6 . 1 54 1

5.8652

37

38

8.8288

8 . 2279

7 . 7042

7 . 2448

6 . 8 3 90

6.4784

6. 1 562

5 . 8667

38

39

8 . 84 1 8

8.237 1

7 . 7 1 08

7 . 2495

6 . 8424

6 . 4809

6. 1 579

5.8679

39

40

8.8533

8 . 24 5 2

7 . 7 1 66

7.2536

6.8453

6.4829

6 . 1 594

5 . 8690

40

41

8 . 8636

8 . 2 5 24

7.72 1 6

7.25 7 1

6.8478

6.4847

6 . 1 60 7

5 . 8 699

41

42

8.8728

8.2588

7 . 7 260

7 . 26 0 2

6 . 8 499

6.4862

6. 1 6 1 7

5 . 8 706

42

43

8.88 1 0

8 . 2644

7 . 7 299

7 . 26 2 9

6.85 1 8

6.4875

6 . 1 626

5.87 1 3

43

44

8.8884

8 . 2694

7.7333

7.2652

6.8534

6.4886

6. 1 634

5.87 1 8

44

45

8 . 8949

8.2738

7.7363

7 . 26 7 2

6 . 8 548

6.4895

6 . 1 640

5.8722

45

46

8 . 9008

8 .2777

7 . 7 3 89

7 . 2690

6.8 560

6 . 4903

6 . 1 646

5.8726

46

47

8 . 9060

8 . 28 1 2

7 . 74 1 2

7 .2705

6.8570

6.49 1 0

6. 1 65 1

5 . 8 729

47

48

8 . 9 1 06

8 . 2 842

7 . 74 3 2

7.27 1 9

6.8579

6.49 1 6

6. 1 654

5.8732

48

49

8 . 9 1 48

8 . 2869

7 . 7450

7.2730

6.8586

6.492 1

6 . 1 658

5.8734

49

50

8.9 1 8 5

8 . 28 9 3

7 . 7465

7 . 2740

6.8593

6.4926

6 . 1 66 1

5.8736

50

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

10

NG income Tax

Yrs.

in

Rate per Cent*

12

13

14

15

16

17

18

19

Yrs.

51

8.92 1 8

8 . 29 1 5

7 . 7479

7 . 2 749

6 . 8 59 9

6 .4 9 2 9

6 . 1 66 3

5.8738

51

52

8 . 9 248

8.2933

7 . 749 1

7.2757

6 . 8 604

6.4932

6 . 1 66 5

5.8739

52
53

53

8 .9274

8 . 29 5 0

7.750 1

7 .2763

6 . 8608

6 . 49 3 5

6 . 1 66 7

5 . 8 740

54

8 . 9 29 8

8 . 29 6 5

7.75 1 1

7 . 2769

6 . 86 1 1

6.4937

6 . 1 66 8

5.874 1

54

55

8.93 1 9

8 . 29 7 8

7.75 1 9

7.2774

6.86 1 5

6.4939

6 . 1 66 9

5 .8742

55

56

8.9338

8 . 29 8 9

7 . 7 5 26

7.2778

6 . 86 1 7

6 . 49 4 1

6 . 1 6 70

5 .8742

56

57

8.9355

8 . 2 999

7.7532

7.2782

6 . 8620

6.4942

6 . 1 67 1

5 . 8 7 43

57

58

8 .9370

8 . 3 00 8

7.7537

7.2786

6.8622

6 . 4944

6 . 1 672

5 .8743

58

59

8.9383

8 . 30 1 6

7 .7542

7 . 27 8 8

6.8623

6 .4945

6 . 1 67 3

5 . 8 7 44

59

60

8.9395

8 . 3023

7 . 7 546

7 . 279 1

6.8625

6 . 4946

6. 1 673

5 . 8 744

60

61

8 . 9406

8 . 3030

7 . 7 5 50

7 .2793

6 . 8626

6 . 4946

6 . 1 6 74

5 . 8 7 44

61

62

8 . 94 1 5

8 . 3035

7. 7 5 5 3

7 .2795

6 .8627

6.4947

6 . 1 674

5 . 8 745

62

63

8 . 9424

8 . 3040

7.7556

7 . 2797

6.8628

6 . 4948

6 . 1 674

5 . 8 745

63

64

8 . 943 1

8 . 3044

7.7559

7 . 2798

6.8629

6 . 4948

6. 1 675

5 .8745

64

65

8.9438

8 . 3048

7.756 1

7 . 2799

6.8630

6 . 4949

6. 1 675

5 . 8 745

65
66

66

8 . 9444

8 . 3052

7.7563

7 . 2800

6.8630

6 . 4949

6. 1 67 5

5 .8745

67

8 . 9450

8 . 3055

7 . 7 564

7 . 280 1

6.863 1

6 . 4949

6 . 1 67 5

5 . 8 745

67

68

8 .9455

8 . 3057

7 . 7 566

7 . 28 0 2

6.863 1

6 . 4949

6 . 1 676

5 .8745

68

69

8 .9459

8 . 3060

7 . 7 5 67

7 . 28 0 3

6.8632

6.4950

6 . 1 6 76

5 . 8 745

69

70

8 . 9463

8 . 3062

7 .7568

7 . 2803

6.8632

6.4950

6. 1 676

5 .8745

70

71

8 . 9466

8 . 3063

7 . 7 5 69

7 . 2804

6.8632

6.4950

6. 1 676

5 . 8 745

71

72

8 . 9469

8 . 3065

7.7570

7 . 2 8 04

6.8633

6.4950

6. 1 676

5 . 8 7 46

72

73

8 . 94 7 2

8 . 3067

7.757 1

7 . 2805

6.8633

6.4950

6 . 1 6 76

5 . 8 746

73

74

8 . 9474

8 . 3068

7.757 1

7 . 2805

6.8633

6.4950

6. 1 676

5 . 8746

74

75

8 . 9477

8 . 3069

7.7572

7 . 2 805

6.8633

6.4950

6 . 1 6 76

5 . 8 7 46

75

76

8 . 9479

8 . 3070

7.7573

7 . 2 806

6.8633

6 . 49 5 0

6 . 1 676

5 . 8 7 46

76

77

8 . 9480

8 . 307 1

7.7573

7 . 2806

6.8633

6 . 49 5 1

6 . 1 6 76

5 . 8 746

77

78

8 .9482

8 . 3072

7.7573

7 . 2806

6.8633

6 . 49 5 1

6 . 1 676

5 . 8 746

78

79

8 .9483

8 . 3072

7.7574

7 . 2 806

6.8634

6 . 49 5 1

6. 1 676

5 . 8746

79

80

8 . 9484

8 . 3 07 3

7 . 7 574

7 . 2 807

6.8634

6 . 49 5 1

6 . 1 676

5 . 8746

80

81

8 . 9486

8 . 3 07 3

7 . 7 574

7 . 2 807

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 7 46

81
82

82

8.9487

8 . 3074

7.7575

7 . 2807

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 7 46

83

8 .9487

8 . 3074

7.7575

7 . 28 0 7

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 746

83

84

8 . 9488

8 . 30 7 5

7.7575

7 . 2 807

6.8634

6 . 49 5 1

6 . 1 676

5 .8746

84

85

8 . 9489

8 . 3075

7.7575

7 . 2 807

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 7 46

85

86

8 . 9490

8 . 3075

7.7575

7 . 2807

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 746

86

87

8 . 9490

8 . 3 076

7.7575

7 . 2807

6.8634

6 . 49 5 1

6. 1 676

5 . 8 7 46

87

88

8 . 949 1

8 . 3 076

7.7575

7 . 2807

6.8634

6 .495 1

6 . 1 676

5 . 8 746

88

89

8 . 949 1

8 . 3076

7.7576

7 . 2807

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 7 46

89

90

8 . 949 1

8 . 3 076

7.7576

7 . 28 0 7

6.8634

6.495 1

6 . 1 676

5 . 8 7 46

90

91

8 . 9492

8 . 3076

7.7576

7 . 2807

6.8634

6.495 1

6 . 1 676

5 . 8 7 46

91

92

8 . 9492

8 . 3077

7.7576

7 . 2 807

6.8634

6.495 1

6 . 1 676

5 . 8 746

92
93

93

8 . 9492

8 . 30 7 7

7.7576

7 . 2807

6.8634

6.495 1

6 . 1 676

5 . 8 7 46

94

8 . 9493

8 . 3077

7.7576

7 . 2807

6.8634

6.495 1

6 . 1 6 76

5 . 8 746

94

95

8 . 9493

8 . 30 7 7

7 . 7 576

7 . 2 807

6.8634

6 . 49 5 1

6 . 1 6 76

5 . 8 7 46

95

96

8 . 9493

8 . 3077

7.7576

7 . 2807

6.8634

6 . 49 5 1

6 . 1 6 76

5 . 8 746

96

97

8 . 9493

8 . 3077

7.7576

7 . 2807

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 7 46

97

98

8 . 9493

8 . 3077

7.7576

7 . 28 0 7

6.8634

6.495 1

6 . 1 676

5 . 8 746

98

99

8 . 9494

8 . 30 7 7

7.7576

7 . 2 807

6.8634

6 . 49 5 1

6 . 1 6 76

5 . 8 7 46

99

1 00

8 . 9494

8 . 30 7 7

7.7576

7 . 2807

6.8634

6.495 1

6 . 1 6 76

5 . 8 746

100

8 . 9495

8 . 3078

7.7576

7 . 2 808

6.8634

6 . 49 5 1

6 . 1 676

5 . 8 746

PERP
*

Quarterly
Advance

YEARS' PURCHASE*

Siagle Rate

PERP

Note:-in computing the Quarterly i n Advance figures i n these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

11

No Income Tax
Single Rate

Quarterly
in Advance

YEARS ' PURCHASE*


Rate per Cent*

Yrs.

20

21

22

23

24

25

26

28

Yrs.

0.935 1

0.9323

0.9296

0.9269

0.9242

0.92 1 5

0.9 1 89

0.9 1 3 8

1 . 7 1 44

1 . 7029

1 . 69 1 5

1 . 6804

1 .6695

1 .6 5 8 7

1 .6482

1 .6276

2.3638

2.3397

2.3 1 6 1

2 . 29 3 0

2 . 2 705

2.2485

2.2270

2.1 853

2.9050

2.8659

2 . 8 280

2 . 79 1 1

2.7552

2 . 7 20 3

2.6863

2.62 1 0

3.3559

3 . 3009

3 . 2476

3 . 1 96 1

3 . 1 46 1

3 .0 9 7 8

3 .0 5 09

2.96 1 4

3.73 1 7

3 . 6603

3 . 59 1 6

3.5253

3 . 46 1 4

3 . 3997

3 . 3403

3 . 2274

4 . 0449

3 .9574

3.8735

3 . 7929

3.7 1 56

3 . 64 1 3

3 . 5699

3.4352

4 . 30 5 9

4 . 2029

4 . 1 046

4 .0 1 0 5

3 . 9 206

3 . 8 346

3.7521

3.5975

4.5234

4.4058

4. 2940

4. 1 8 7 5

4.0860

3.9892

3 .8968

3 . 7 24 3

10

4. 7046

4.5735

4 . 4492

4.33 1 3

4.2 1 93

4 . 1 1 28

3.8233

10

ll

4.0 1 1 6

4.8556

4.7 1 2 1

4.5765

4.4482

4 . 3 268

4.2 1 1 8

4. 1 0 2 7

3 . 9007

12

4.98 1 5

4 . 8 266

4.6808

4.5433

4.4 1 3 5

4 . 29 1 0

4. 1 750

3 . 96 1 2

ll

13

5.0864

4.92 1 3

4.7663

4 . 6206

4.4835

4.3543

4 . 2 3 24

4.0084

13

14

5 . 1 738

4.9995

4 . 8 364

4.6834

4.5399

4 . 4049

4.2779

4.0454

14

12

15

5 . 2466

5 .0642

4.8938

4.7345

4.5854

4.4455

4.3 1 4 1

4.0742

15

16

5 . 30 7 3

5 . 1 1 76

4 . 9409

4.776 1

4.6220

4.4779

4.3428

4.0967

16

17

5.3579

5. 1 6 1 7

4.9795

4.8098

4.65 1 6

4.5038

4.3655

4. 1 1 43

17

18

5 . 4000

5 . 1 982

5.01 1 1

4.8373

4.675 5

4 . 5 246

4.3836

4. 1 28 1

18

19

5.43 5 1

5 . 22 8 4

5 . 03 7 1

4.8596

4.6947

4.54 1 2

4. 3980

4. 1 388

19

20

5 . 4644

5.2533

5.0583

4.8778

4 . 7 1 02

4 . 5 54 5

4.4093

4. 1 47 2

20

21

5.4888

5 . 27 3 9

5.0757

4.8925

4.7227

4.565 1

4.4 1 84

4. 1 537

21

22

5 . 509 1

5 . 29 1 0

5 .0900

4 . 9045

4.7328

4.5736

4.4255

4. 1 589

22
23

23

5 .526 1

5 . 30 5 0

5. 1 0 1 7

4.9 1 43

4.74 1 0

4 . 5 804

4.43 1 2

4 . 1 629

24

5 . 5402

5 . 3 1 67

5.1 1 1 3

4.9222

4.7475

4.5858

4.4357

4 . 1 660

24

25

5.55 1 9

5 . 3 26 3

5 . 1 1 92

4.9286

4.7528

4 . 5902

4.4393

4 . 1 684

25

26

5 . 56 1 8

5 . 3 342

5 . 1 256

4.9339

4.757 1

4.5937

4.4422

4 . 1 703

26

27

5 . 5699

5 . 3 408

5 . 1 309

4.938 1

4 . 7 60 5

4 . 5 964

4 . 4444

4. 1 7 1 8

27

28

5 . 5 76 7

5 . 3462

5 . 1 3 52

4 . 94 1 6

4.7633

4.5987

4.4462

4. 1 730

28

29

5 .5824

5 . 3 507

5. 1 388

4 . 9444

4.7655

4 . 6005

4.4476

4. 1 739

29

30

5.587 1

5 . 3 544

5. 1 4 1 7

4.9467

4.7674

4 . 60 1 9

4.4488

4 . 1 746

30

31

5 . 59 1 1

5 . 3 574

5 . 1 44 1

4.9486

4.7688

4.6030

4 . 4497

4. 1 7 5 2

31

32

5 . 5944

5 . 3 600

5 . 1 460

4.950 1

4 . 7 700

4.6039

4 . 4 504

4. 1 756

32

33

5.597 1

5.362 1

5 . 1 47 6

4.95 1 3

4 . 7 709

4 . 6047

4 . 4 509

4 . 1 760

33
34

34

5 . 5994

5 . 36 3 8

5 . 1 490

4.9523

4.77 1 7

4.6052

4.45 1 4

4. 1 762

35

5 . 60 1 3

5.3652

5 . 1 5 00

4.95 3 1

4.7723

4.6057

4.45 1 7

4 . 1 764

35

36

5 . 6028

5 . 3 664

5 . 1 509

4.9538

4.7728

4.606 1

4 . 4 5 20

4. 1 766

36

37

5 . 6042

5 . 3674

5. 1 5 1 6

4.9543

4.7732

4.6064

4.4523

4. 1 767

37

38

5 .6053

5.3682

5 . 1 522

4.9548

4.7735

4.6066

4 . 4 5 24

4. 1 768

38

39

5 . 6062

5 . 3688

5 . 1 527

4.95 5 1

4.7738

4.6068

4.4526

4 . 1 769

39

40

5 . 6069

5 . 3694

5. 1 53 1

4.9554

4 . 7 740

4.6070

4.4527

4 . 1 769

40

41

5 .6076

5 . 3699

5 . 1 534

4.9556

4.7742

4.607 1

4.4528

4. 1 770

41

42

5 . 60 8 1

5 .3702

5 . 1 537

4.9558

4.7743

4.6072

4.4528

4. 1 770

42
43

43

5 .6 0 8 6

5 . 3 70 5

5 . 1 539

4.9560

4 . 7 744

4.6073

4.4529

4. 1 77 1

44

5 .6089

5 . 3 708

5 . 1 54 1

4.956 1

4.7745

4.6073

4.4529

4. 1 77 1

44

45

5 .6092

5.37 1 0

5 . 1 543

4.9562

4 . 7 746

4.6074

4.4530

4. 1 7 7 1

45

46

5 .6095

5 . 37 1 2

5 . 1 544

4.9563

4 . 7746

4.6074

4.4530

4. 1 77 1

46

47

5 .6097

5.37 1 3

5 . 1 545

4.9564

4 . 7747

4.607 5

4.4530

4. 1 7 7 1

47

48

5 . 6099

5 . 37 1 5

5 . 1 546

4.9564

4 . 7747

4.6075

4.4530

4. 1 77 1

48

49

5 . 6 1 00

5.37 1 6

5 . 1 546

4.9565

4 . 7747

4.6075

4 . 45 3 1

4. 1 77 1

49

50

5 .6 1 0 1

5.37 1 6

5 . 1 547

4.9565

4.7748

4.6075

4 . 45 3 1

4. 1 7 7 1

50

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

12

No Income Tax
Single Rate

Quarterly
in Advance

YEARS ' PURCHASE*


Rate per Cent*

Yrs.

21

22

23

24

25

26

28

Yrs.
51

51

5 . 6 1 03

5.37 1 7

5 . 1 547

4.9565

4.7748

4.6075

4.453 1

4. 1 77 1

52

5 . 6 1 03

5.37 1 8

5 . 1 548

4.9566

4.7748

4.6075

4.453 1

4. 1 772

52

53

5 . 6 1 04

5.37 1 8

5 . 1 548

4.9566

4 . 7 7 48

4.6075

4.453 1

4. 1 7 7 2

53

54

5.6 1 05

5.37 1 8

5 . 1 548

4.9566

4 . 7 74 8

4.6076

4.4 5 3 1

4. 1 7 7 2

54

55

5.6 1 05

5.37 1 9

5 . 1 548

4.9566

4 . 7 74 8

4.6076

4 . 45 3 1

4. 1 772

55

56

5 . 6 1 06

5.37 1 9

5 . 1 549

4.9566

4 . 7 7 48

4.6076

4.453 1

4. 1 7 7 2

56

57

5 . 6 1 06

5.37 1 9

5 . 1 549

4.9566

4 . 7 7 49

4.6076

4.453 1

4. 1 7 7 2

57

58

5 . 6 1 06

5.37 1 9

5 . 1 549

4.9566

4 . 7 749

4.6076

4.4 5 3 1

4. 1 7 7 2

58

59

5 . 6 1 06

5 . 3 7 20

5 . 1 549

4.9566

4 . 7 749

4.6076

4.453 1

4. 1 7 7 2

59

60

5 . 6 1 07

5 . 3 7 20

5 . 1 549

4.9566

4.7749

4.6076

4.453 1

4. 1 772

60

61

5 . 6 1 07

5 . 3 7 20

5 . 1 549

4.9566

4. 7749

4.6076

4.453 1

4. 1 772

61

62

5 . 6 1 07

5 . 3 720

5 . 1 549

4.9567

4. 7749

4.6076

4.45 3 1

4. 1 772

62

63

5 . 6 1 07

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.4 5 3 1

4. 1 77 2

63

64

5 . 6 1 07

5 . 3 720

5 . 1 549

4.9567

4. 7749

4.6076

4.4 5 3 1

4. 1 77 2

64

65

5 . 6 1 07

5 . 3 720

5 . 1 549

4.9567

4.7749

4.6076

4.453 1

4. 1 7 7 2

65

66

5 . 6 1 07

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4 . 45 3 1

4. 1 77 2

66

67

5 . 6 1 07

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.45 3 1

4. 1 772

67

68

5.6 1 07

5 . 3 720

5 . 1 549

4.9567

4. 7749

4.6076

4.453 1

4. 1 7 7 2

68

69

5 . 6 1 07

5 . 3 7 20

5 . 1 549

4.9567

4.7749

4.6076

4.453 1

4. 1 7 7 2

69

70

5 . 6 1 07

5 . 3 7 20

5 . 1 549

4.9567

4 . 7749

4.6076

4.453 1

4. 1 772

70

71

5 . 6 1 08

5 . 3 720

5 . 1 549

4.9567

4 . 7 749

4.6076

4.4 5 3 1

4. 1 772

71

72

5 . 6 1 08

5 . 3 720

5 . 1 549

4 . 7 749

4.6076

4.453 1

4. 1 7 7 2

72

73

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.453 1

4. 1 772

73

74

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.453 1

4. 1 77 2

74

75

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.4 5 3 1

4. 1 7 7 2

75

76

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4.7749

4.6076

4.453 1

4. 1 772

76

77

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4. 7749

4.6076

4.4 5 3 1

4. 1 7 7 2

77

78

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4 . 45 3 1

4. 1 772

78

79

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.4 5 3 1

4. 1 7 7 2

79

80

5 . 6 1 08

5 . 3 720

5 . 1 549

4.9567

4.7749

4.6076

4.45 3 1

4. 1 7 7 2

80

81

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4 . 45 3 1

4. 1 772

81

82

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.4 5 3 1

4. 1 7 7 2

82

83

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4. 7749

4.6076

4.4 5 3 1

4. 1 7 7 2

83

84

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.4 5 3 1

4. 1 7 7 2

84

85

5 . 6 1 08

5 . 3 720

5 . 1 549

4.9567

4. 7749

4.6076

4.453 1

4. 1 772

85

86

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.45 3 1

4. 1 772

86

87

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 .7749

4.6076

4.4 5 3 1

4. 1 7 7 2

87

88

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.4 5 3 1

4. 1 7 7 2

88

89

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.45 3 1

4. 1 772

89
90

4.9567

90

5 . 6 1 08

5 . 3 720

5 . 1 549

4.9567

4. 7749

4.6076

4.453 1

4. 1 7 7 2

91

5 . 6 1 08

5 . 3 720

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4 . 45 3 1

4. 1 772

91

92

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4.7749

4.6076

4.45 3 1

4. 1 772

92

93

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.453 1

4. 1 7 7 2

93

94

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.4 5 3 1

4. 1 772

94

95

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 749

4.6076

4.4 5 3 1

4. 1 7 7 2

95

96

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.45 3 1

4. 1 7 7 2

96

97

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4. 7749

4.6076

4.4 5 3 1

4. 1 7 7 2

97

98

5 . 6 1 08

5 . 3 720

5 . 1 549

4.9567

4 . 7 7 49

4.6076

4.453 1

4. 1 772

98

99

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4. 7749

4.6076

4.4 5 3 1

4. 1 7 7 2

99

1 00

5 . 6 1 08

5 . 3 7 20

5 . 1 549

4.9567

4 .7749

4.6076

4.453 1

4. 1 772

1 00

5 . 6 1 08

5 . 3720

5 . 1 549

4.9567

4. 7749

4.6076

4.4 5 3 1

4. 1 7 7 2

PERP
*

20

..

PERP

Note:-In computing the Quarterly in Advance figures in these tables, all the rates % quoted are effecl!ve rates;
see the Introduction Section, pages xix-xx.

13

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14

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This page intentionally left blank

QUARTERLY
IN ADVANCE

Y E A R S' P U R C H A S E
( D U A L RATE % PRINCIPLE)

OR

PRESENT VALUE OF
O N E PO U N D P E R A N N U M

receivable quarterly in advance, allo w


ing for a sinking fund at a given rate
to rep lace the invested capital and ignor
ing the effect of income tax on that part
of the income used to pro vide the annual
sinking fund instalment.

AT RATES OF INTEREST*
FROM

4 % to 20 %
AND
ALLOWING FOR THE INVESTMENT
OF SINKING FUNDS AT

3 % and 4 %

* Note:-ln computing the Quarterly in Advance figures in these tables, all the
rates of interest quoted are effective rates; see the Introduction Section,
pages xix-xx.

15

No Income Tax
Sinking Fund 3 %

Quarterly
in Advance

YEARS ' PURCHASE*


Rate per Cent*

Yrs.

4.5

5.5

6.25

6.5

6.75

Yrs.

0.9797

0.9752

0.9707

0.9663

0.9620

0.9599

0.9577

0.9556

1 .9 1 3 5

1 .8963

1 . 8794

1 .8630

1 .8470

1 .839 1

1 .83 1 3

1 .8236

2 . 804 1

2.7672

2.73 1 6

2.6970

2.6635

2.647 1

2.63 1 0

2.6 1 5 2

3 . 6 5 40

3.59 1 7

3.53 1 9

3 .4743

3 .4 1 8 9

3 . 3 920

3.3656

3 . 3 3 96

4.4657

4 . 3 7 30

4 . 2846

4 . 2002

4. 1 1 9 5

4.0805

4.0423

4.0050

5 . 24 1 3

5. 1 1 41

4.9936

4.8793

4 . 7 7 08

4.7 1 85

4.6676

4.6 1 7 8

5 .9829

5.8 1 77

5 . 6623

5.5 1 58

5.3775

5 .3 1 1 2

5 . 2467

5 . 1 840

6.6924

6 . 4864

6.2937

6. 1 1 33

5 .9439

5 .8630

5 . 7845

5 . 70 8 3

7.37 1 5

7 . 1 223

6 . 8 907

6.6750

6 . 47 3 5

6.3777

6. 2849

6. 1 9 5 1

10

8 . 02 1 8

7 .7276

7.4557

7 . 20 3 8

6 . 96 9 7

6.8588

6.75 1 6

6 . 648 1

IO

II

8 . 6449

8 . 3042

7 . 99 1 1

7 .7024

7.4354

7 . 3 092

7 . 1 877

7 . 0704

II

I2

9.2422

8.8538

8 .4988

8 . 1 730

7.8730

7.73 1 7

7.5958

7 . 4650

12

13

9.8 1 50

9.378 1

8 . 9808

8.6 1 78

8 . 2849

8 . 1 286

7.9785

7 .8343

13

I4

1 0 . 3 646

9.8786

9.0386

8 . 67 3 1

8 . 50 1 9

8 . 3 3 79

8 . 1 805

14

I5

1 0.892 1

I 0.3567

9.4387
9 . 8 74 2

9.437 1

9 . 0 3 94

8.8536

8.6759

8 . 50 5 6

15

I6

1 1 .3986

1 0. 8 1 3 5

1 0.2886

9.8 1 50

9.3855

9 . 1 854

8 . 9942

8.8 1 1 3

I6

17

1 1 .885 1

1 1 . 2 504

1 0.6833

1 0, 1 7 3 6

9 . 7 1 28

9 .4987

9 . 2944

9 . 0993

17

18

1 2 . 3 5 26

1 1 .6685

1 1 .0596

1 0 . 5 1 42

1 0. 0 2 2 8

9.7950

9.5779

9 . 3 708

18

19

1 2.8020

1 2 .0686

1 1 .4 1 84

1 0. 8 3 8 0

1 0. 3 1 67

1 0.0754

9.8459

9.6272

19
20

20

1 3.234 1

1 2.45 1 9

1 1 .76 1 0

1 1 . 1 46 1

1 0. 5 9 5 5

1 0. 3 4 1 2

1 0 .0995

9.8695

2I

1 3 . 6498

1 2. 8 1 92

1 2 . 08 8 1

1 1 .4395

1 0 . 8 603

1 0. 5 9 3 2

1 0. 3 3 9 8

1 0.0988

21

22

1 4 .0497

1 3. 1 7 1 3

1 2 . 4007

1 1 .7 1 9 1

1 1.1 1 19

1 0. 8 3 2 5

1 0.5676

1 0. 3 1 6 1

22
23

23

1 4.4346

1 3 . 509 1

1 2 .6996

1 1 .9857

1 1 .35 1 3

1 1 .0599

1 0. 7 8 3 9

1 0. 5 2 2 1

24

1 4.8052

1 3.833 1

1 2.9856

1 2 . 240 1

1 1 .5793

1 1 .2762

1 0.9894

1 0. 7 1 7 7

24

25

1 5 . 1 62 1

1 4 . 1 44 2

1 3 .2593

1 2.4830

1 1 . 7 964

1 1 .482 1

1 1 . 1 8 49

1 0.9035

25

26

1 5 .5059

1 4 .4429

1 3.52 1 5

1 2.7 1 5 1

1 2 . 00 3 5

1 1 .678 1

1 1 . 3 708

1 1 .080 1

26

27

1 5.837 1

1 4 . 7 299

1 3.7727

1 2.9370

1 2 . 20 1 0

1 1 .8650

1 1 .5480

1 1 .2482

27
28

28

1 6 . 1 564

1 5 .0056

1 4.0 1 3 5

1 3 . 1 49 2

1 2 . 3 8 96

1 2 . 04 3 3

1 1 . 7 1 68

1 1 .4083

29

1 6 .464 1

1 5 . 2707

1 4 . 2444

1 3 . 3 524

1 2 . 5 69 8

1 2. 2 1 3 5

1 1 .8778

1 1 . 5 609

29

30

1 6 . 7 60 8

1 5.5257

1 4 .4660

1 3 .5469

1 2.7420

1 2 . 3 760

1 2 . 03 1 5

1 1 .7065

30

3I

1 7 .0470

1 5 . 7 7 09

1 4.6787

1 3.7332

1 2 .9068

1 2.53 1 4

1 2. 1 78 2

1 1 .8454

31

32

1 7.323 1

1 6 .0069

1 4.8829

1 3 .9 1 1 8

1 3 .0644

1 2.6799

1 2. 3 1 8 5

1 1 .9780

32

33

1 7.5895

1 6.234 1

1 5 . 07 9 1

1 4 . 08 3 1

1 3.2 1 53

1 2.8220

1 2.4526

1 2 . 1 04 7

33

34

1 7 .8465

1 6.4528

1 5 . 2676

1 4.2474

1 3 . 3 599

1 2.958 1

1 2 . 5 808

1 2.2259

34

35

1 8 .0946

1 6.6635

1 5 .4488

1 4 .405 1

1 3 .4985

1 3 .0 8 8 4

1 2.7036

1 2. 34 1 9

35

36

1 8.334 1

1 6 . 8 664

1 5 .623 1

1 4.5565

1 3 .63 1 3

1 3.2 1 33

1 2. 8 2 1 2

1 2.4528

36

37

1 8.5654

1 7 . 06 1 9

1 5 . 7907

1 4 . 70 1 9

1 3.7587

1 3.3330

1 2. 9 3 3 9

1 2.559 1

37

38

1 8 .7888

1 7 . 2 504

1 5 . 9 5 20

1 4.84 1 6

1 3.88 1 0

1 3 .4478

1 3 . 04 1 9

1 2 .6609

38
39

39

1 9 .0045

1 7 .43 2 1

1 6 . 1 07 3

1 4.9759

1 3 .9984

1 3.5579

1 3 . 1 45 5

1 2. 7 5 8 5

40

1 9. 2 1 30

1 7 .6073

1 6.2567

1 5 . 1 05 0

14.1 1 12

1 3 .6637

1 3 . 2449

1 2.852 1

40

4I

1 9.4 1 43

1 7 .7762

1 6 .4007

1 5.2292

1 4.2 1 95

1 3.7652

1 3 . 3 40 3

1 2 . 94 1 9

41
42

42

1 9 . 6089

1 7 .9393

1 6.5393

1 5.3487

1 4.3236

1 3 . 8628

1 3 .43 1 9

1 3 .028 1

43

1 9.7970

1 8 .0965

1 6.6729

1 5.4637

1 4.4237

1 3 .9 5 6 5

1 3 . 5 1 99

1 3 . 1 1 09

43

44

1 9.9788

1 8 .2483

1 6 . 80 1 7

1 5 . 5744

1 4 . 5 200

1 4 .0466

1 3 . 6044

1 3 . 1 904

44

45

20. 1 546

1 8 . 3 949

1 6.9259

1 5 . 68 1 0

1 4. 6 1 26

1 4 . 1 333

1 3.6857

1 3 . 26 6 7

45

46

2 0 . 3 246

1 8.5363

1 7 .0456

1 5.7837

1 4 . 70 1 8

1 4 . 2 1 67

1 3.7638

1 3 . 3 402

46

47

20.48 8 9

1 8 .6729

1 7. 1 6 1 0

1 5.8826

1 4. 7 8 7 6

1 4 . 2969

1 3 .8390

1 3 .4 1 08

47

48

20.6479

1 8 . 8 049

1 7 . 2 7 24

1 5.9780

1 4 . 8 70 2

1 4.374 1

1 3 .9 1 1 3

1 3.4787

48

49

20.80 1 6

1 8.9323

1 7 .3798

1 6 .0699

1 4 .9498

1 4 .4484

1 3 .98 1 0

1 3 . 5 440

49

50

20.9503

1 9.0554

1 7 .48 3 5

1 6. 1 58 5

1 5 .0264

1 4 . 5 200

1 4 .0480

1 3 .6069

50

Note:-ln computing t h e Quarterly in Advance figures in these tables, a l l t h e rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

16

No Income Tax
Sinking Fund 3 %

Quarterly
in Advance

YEARS' PURCHASE*
Rate per Cent*

Yrs.

4.5

5.5

6.25

6.5

6.75

51

2 1 .0942

1 9 . 1 744

1 7.5836

1 6 . 2440

1 5 . 1 003

1 4 . 5 890

1 4. 1 1 25

1 3 .6675

51

52

2 1 .2334

1 9.2893

1 7 . 6802

1 6 . 3 264

1 5. 1 7 1 5

1 4.6554

1 4 . 1 7 47

1 3.7258

52

53

2 1 .3682

1 9 . 4005

1 7.7736

1 6 .4059

1 5 . 2402

1 4. 7 1 95

1 4. 2 3 4 6

1 3 . 7 8 20

53

54

2 1 .4985

1 9.5079

1 7.8637

1 6.4827

1 5 . 3064

1 4. 7 8 1 3

1 4 .2924

1 3 .836 1

54

55

2 1 . 6 24 7

1 9.6 1 1 7

1 7 .9507

1 6 . 5 5 67

1 5 . 3 702

1 4 . 8 408

1 4.3480

1 3.8882

55

56

2 1 .7469

1 9.7 1 2 1

1 8 .0348

1 6.6283

1 5 .43 1 8

1 4.8982

1 4 .40 1 7

1 3.9385

56

57

2 1 .865 1

1 9.8093

1 8 . 1 1 60

1 6 .6973

1 5 .49 1 3

1 4.9536

1 4.4535

1 3 .9870

57
58

Yrs.

58

2 1 .9796

1 9 .9032

1 8 . 1 946

1 6 . 7 640

1 5 . 5487

1 5 .007 1

1 4.5034

1 4 .03 3 8

59

2 2 .0905

1 9 .9940

1 8 . 2705

1 6 . 8 2 84

1 5 .604 1

1 5 .0 5 8 7

1 4.55 1 6

1 4 .07 8 9

59

60

22. 1 978

20.08 1 9

1 8.3438

1 6 . 8 906

1 5.6575

1 5 . 1 08 5

1 4.598 1

1 4 . 1 224

60

61

22.30 1 7

20. 1 669

1 8 .4 1 47

1 6 . 9 507

1 5 . 7092

1 5 . 1 566

1 4 .6430

1 4 . 1 644

61

62

2 2 .4024

20.2492

1 8 .4833

1 7 .008 8

1 5 . 7 590

1 5 . 2030

1 4.6863

1 4 . 2049

62

63

2 2 .4999

20. 3 2 8 8

1 8 . 5 496

1 7 .0649

1 5 .8072

1 5 .2478

1 4.728 1

1 4 . 244 1

63

64

22. 5943

20.4059

1 8 .6 1 38

1 7 . 1 1 92

1 5.8538

1 5 . 29 1 1

1 4.7685

1 4.28 1 9

64

65

22.6858

20.4805

1 8.6758

1 7. 1 7 1 7

1 5.8988

1 5 . 3 3 30

1 4.8076

1 4.3 1 8 3

65

66

2 2 . 7 744

20. 5 5 2 7

1 8.7358

1 7 . 2 224

1 5 . 9422

1 5.3734

1 4.8453

1 4. 3 5 3 6

66

67

2 2 . 8 602

20.6225

1 8 .7939

1 7.27 1 4

1 5 .9842

1 5 .4 1 25

1 4.88 1 7

1 4.3876

67

68

22.9434

20.6902

1 8 . 8 5 00

1 7.3 1 89

1 6 .0249

1 5 . 4502

1 4 . 9 1 69

1 4 .4205

68

69

2 3 .0240

20 . 7 5 5 7

1 8 . 9044

1 7 . 3 647

1 6 .064 1

1 5 .4 8 6 7

1 4 . 9 5 09

1 4.4523

69

70

23. 1 M I

20.8 1 9 2

1 8 .9570

1 7 .409 1

1 6 . 1 02 1

1 5 . 5 2 20

1 4.9838

1 4 . 48 3 1

70

71

23. 1 777

20.8 806

1 9 . 0079

1 7 .45 2 1

1 6. 1 388

1 5.556 1

1 5 .0 1 5 6

1 4. 5 1 28

71

72

23.25 1 1

20.940 1

1 9.05 7 2

1 7.4936

1 6 . 1 744

1 5.589 1

1 5 .0463

1 4 . 54 1 5

72

73

23.322 1

20.9977

1 9 . 1 0 50

1 7.5338

1 6 .2087

1 5 .62 1 1

1 5 .07 6 1

1 4.5693

73

74

23.39 1 0

2 1 .0 5 3 5

1 9. 1 5 1 2

1 7.5727

1 6 . 2420

1 5 .65 1 9

1 5 . 1 04 8

1 4.596 1

74

75

23 .4578

2 1 . 1 07 6

1 9. 1 959

1 7 . 6 1 04

1 6.274 1

1 5 .68 1 8

1 5 . 1 326

1 4.622 1

75

76

2 3 . 5 225

2 1 . 1 600

1 9.2392

1 7 .6468

1 6.3052

1 5 . 7 1 07

1 5 . 1 595

1 4.6472

76

77

23.5852

2 1 . 2 1 07

1 9 . 28 1 1

1 7 .68 2 1

1 6.3354

1 5.7386

1 5. 1 856

1 4.67 1 5

77

78

2 3 . 6460

2 1 .2599

1 9.32 1 8

1 7.7 1 63

1 6 . 3 64 5

1 5.7657

1 5 . 2 1 08

1 4. 6 9 5 0

78
79

79

2 3 . 7050

2 1 .3075

1 9. 36 1 1

1 7 .7493

1 6.3927

1 5 .79 1 9

1 5 .23 5 1

1 4.7 1 77

80

23 .762 1

2 1 .3537

1 9.3992

1 7.78 1 3

1 6 .4200

1 5 .8 1 72

1 5.2587

1 4.7398

80

81

2 3 . 8 1 76

2 1 .3984

1 9 .4 3 6 1

1 7 . 8 1 24

1 6 .4465

1 5 . 84 1 8

1 5 . 28 1 5

1 4 . 76 1 1

81

82

23.87 1 3

2 1 . 44 1 8

1 9 . 47 1 9

1 7 . 8 424

1 6 .47 2 1

1 5.8655

1 5 . 3036

1 4. 7 8 1 7

82

83

23.9234

2 1 .48 3 8

1 9 . 5 065

1 7.87 1 5

1 6 .4969

1 5.8885

1 5 .3250

1 4.80 1 6

83

84

23.9739

2 1 . 5 24 5

1 9 . 5 40 1

1 7 . 8 99 6

1 6 . 5 209

1 5 . 9 1 08

1 5.3457

1 4. 8 2 1 0

84

85

24.0229

2 1 . 5 640

1 9 . 5 7 26

1 7 . 9 269

1 6 .544 1

1 5 .9323

1 5.3658

1 4. 8 3 9 7

85

86

24.0703

2 1 .6023

1 9 . 604 1

1 7 .9534

1 6 . 5 66 6

1 5.9532

1 5.3852

1 4.8578

86

87

24 . 1 1 64

2 1 .6394

1 9.6347

1 7 . 9790

1 6.5884

1 5 .9 7 3 4

1 5 . 4040

1 4. 8 7 5 3

87

88

24 . 1 6 1 1

2 1 .6753

1 9.6643

1 8 .003 8

1 6 .6095

1 5 .9930

1 5 .4 2 2 2

1 4.8923

88

89

2 4 . 2044

2 1 . 7 1 02

1 9.6930

1 8 .0278

1 6 . 6 3 00

1 6 .0 1 20

1 5 .4 3 9 9

1 4.9087

89
90

90

24. 2464

2 1 . 7 440

1 9 . 7 208

1 8 .0 5 1 1

1 6 .6498

1 6 .0303

1 5 .4 5 6 9

1 4.9247

91

24.28 7 1

2 1 .7767

1 9.7477

1 8 .0 7 3 7

1 6 .6690

1 6 .048 1

1 5.4735

1 4 . 940 1

91

92

2 4 . 3 266

2 1 .8085

1 9.7738

1 8 .0 9 5 6

1 6.6876

1 6 .0654

1 5 .4 8 9 5

1 4.9550

92

93

24.3650

2 1 .8393

1 9.799 1

1 8 . 1 1 68

1 6.7056

1 6 .08 2 1

1 5 .5050

1 4.9695

93

94

24.4022

2 1 .8692

1 9.8237

1 8 . 1 373

1 6.723 1

1 6 .0983

1 5 . 5 20 1

1 4. 9 8 3 5

94

95

24. 4 3 8 2

2 1 .898 1

1 9.8475

1 8. 1 572

1 6 . 7400

1 6 . 1 1 40

1 5 .5347

1 4.997 1

95

96

24.47 3 2

2 1 .9262

I 9.8705

1 8 . 1 765

1 6. 7 564

1 6 . 1 29 2

1 5 .5488

1 5 .0 1 03

96

97

2 4 . 507 1

2 1 .9534

I 9.8929

1 8 . 1 95 2

1 6. 1 439

1 5 .0230

97

98

2 4 . 5 400

2 1 .9798

1 9 . 9 1 46

1 6.7878

1 6 . 1 582

I 5.5758

1 5 .03 5 4

98

99

2 4 . 5 7 20

2 2 .0054

1 9.9356

I 8 . 2 1 34

1 6. 7 7 2 3

1 8.23 1 0

1 6.8027

1 6 . 1 7 20

1 5.5886

1 5 .0474

99

1 00

24.6030

22.0303

I 9 . 9 560

1 8 . 2480

1 6.8 1 72

1 6. 1 854

1 5 .60 1

1 5 .0590

1 00

I 5 . 5625
I

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

17

No Income Tax
Sinking Fund 3 %

YEARS ' PURCHASE*

Quarterly
in Advance

Rate per Cent*


Yrs.

7.25

7.5

8.5

9.5

IO

Yrs.

0.95 3 5

0.95 1 4

0.9494

0.9453

0 . 94 1 3

0.9373

0.9334

0.9295

1 . 8 1 60

1 . 8084

1 . 80 1 0

1 .7863

1 . 7 7 20

1 .7580

1 . 7443

1 .7308

2.5995

2.584 1

2.5689

2.5392

2 . 5 1 03

2.4823

2.4550

2.4285

3 . 3 1 42

3 .2892

3 . 2646

3 .2 1 68

3 . 1 706

3 . 1 260

3 .0 8 2 8

3 .04 1 1

3 . 9684

3.9326

3.8976

3 . 8 29 6

3 . 7 643

3 . 70 1 6

3 . 64 1 2

3.58 3 1

4.5693

4.52 1 9

4.4756

4.3862

4 . 3008

4.2 1 9 1

4 . 1 409

4.0659

5 . 1 229

5 .0634

5 . 0054

4.8938

4.7877

4.6867

4 . 5 904

4.4985

5 .6 3 4 3

5 . 5 624

5 . 4925

5.3585

5.23 1 6

5.1 1 1 2

4.9968

4.888 1

6 . 1 080

6.0236

5 . 94 1 8

5.7852

5.6375

5 .4980

5.3659

5 . 2407

6.5479

6.45 1 0

6.3572

6. 1 783

6 .0 1 02

5.85 1 8

5 . 7024

5 . 56 1 3

IO

II

IO

II
I2

6.9572

6.8479

6.7423

6 . 54 1 5

6.3533

6. 1 766

6 .0 1 04

5.8538

12

7.3389

7 .2 1 74

7 . 1 00 2

6.8778

6.6701

6.4756

6.2932

6. 1 2 1 7

13

7.6956

7.562 1

7.4335

7 . 1 90 1

6.9633

6.75 1 7

6.5536

6.3678

I4

8 .0294

7.8842

7 . 7445

7 . 4806

7.2355

7 .007 3

6.794 1

6 . 5 947

14

8 . 3424

8. 1 857

8 .03 5 3

7.75 1 6

7.4887

7 . 2445

7 .0 1 69

6 . 8 044

15

8.6363

8.4685

8 .3076

8 .0047

7 . 7247

7.465 1

7.2237

6.9986

16

8 .9 1 27

8.7341

8.563 1

8 . 24 1 6

7.945 1

7 . 6707

7 .4 1 6 1

7. 1 79 1

I7

I8

9. 1 730

8 . 9 8 40

8 . 803 1

8.4638

8. 1 5 1 3

7.8628

7.5954

7 . 3470

I8

I9

9.4 1 86

9 . 2 1 94

9.0290

8.6723

8 . 3446

8 .0425

7 . 7630

7.5037

I9
20

I5
16

I7

13

20

9 . 6 504

9 . 44 1 4

9 . 24 1 8

8.8685

8 . 5 26 1

8 . 2 1 09

7 .9 1 98

7.6501

2I

9.8695

9.65 1 0

9.4426

9 . 05 3 2

8 .6967

8 . 3 690

8 .0668

7.7872

2I

22

1 0 .0769

9.8493

9.6323

9.2275

8.8574

8 . 5 1 77

8 . 2048

7 .9 1 57

22

23

1 0. 2 7 3 4

1 0 .0369

9.8 1 1 7

9.39 1 9

9 .008 8

8.6576

8 . 3 346

8.0365

23

24

1 0. 4 5 9 8

1 0 . 2 1 47

9.98 1 5

9.5474

9. 1 5 1 8

8.7896

8 .4 5 6 9

8 . 1 50 1

24

25

1 0.6367

I 0.3833

1 0 . 1 424

9 . 6946

9.2869

8 . 9 1 42

8.572 1

8.257 1

25

26

1 0 .8047

1 0.5434

1 0.295 1

9 . 8 340

9 . 4 1 47

9.03 1 9

8 . 6809

8 . 3 580

26

27

1 0 .9645

1 0. 6 9 5 5

1 0.440 1

9.9662

9.5358

9. 1 433

8.7838

8.4533

27

28

1 1 . 1 1 66

1 0 . 8 402

1 0. 5 7 7 9

1 0.09 1 7

9 . 6 507

9.2488

8.88 1 1

8 . 54 3 4

28

29

1 1 . 26 1 4

1 0.9778

1 0 .7089

1 0. 2 1 09

9.7596

9.3488

8.9733

8.6287

29

30

1 1 .3995

1 1 . 1 090

1 0. 8 3 3 7

1 0. 3 24 3

9.863 1

9.4438

9 .0607

8 . 7095

30

1 1 .53 1 1

1 1 . 2 340

1 0. 9 5 2 5

1 0 .43 2 1

9.96 1 6

9 . 5 340

9. 1 437

8.786 1

31

32

1 1 .6 5 6 8

1 1 .3532

1 1 .0658

1 0. 5 3 4 9

1 0.05 5 2

9.6 1 97

9.2225

8.8589

32

33

1 1 .7768

1 1 .4670

1 1 . 1 739

1 0. 6 3 2 8

1 0. 1 444

9 . 70 1 3

9.2975

8 . 9 280

33

34

1 1 .89 1 5

1 1 .5757

1 1 .277 1

1 0.7262

1 0. 2 2 9 3

9 . 7 790

9.3688

8.9938

34

35

1 2 .00 1 1

1 1 .6796

1 1 .3757

1 0. 8 1 5 3

1 0. 3 1 04

9.8530

9.4368

9 .0564

35

36

1 2 . 1 060

1 1 .7789

1 1 .4699

1 0. 9004

1 0. 3 8 7 7

9.9236

9 . 50 1 5

9 . 1 1 60

36

37

1 2 . 2064

1 1 .8739

1 1 . 5 600

1 0.98 1 8

1 0 .46 1 5

9.99 1 0

9.5632

9 . 1 728

37

3I

38

1 2.3026

1 1 .9649

1 1 .6462

1 1 .0 5 9 6

1 0. 5 3 2 1

1 0.05 5 3

9.6222

9. 2270

38

39

1 2 . 3 947

1 2 .0520

1 1 .7 2 8 7

1 1 . 1 340

1 0.5995

1 0. 1 1 67

9.6784

9.2787

39

40

1 2.4830

1 2. 1 355

1 1 .8078

1 1 .2052

1 0.664 1

10.1 755

9.7322

9 . 3 28 1

40

4I

1 2.5677

1 2. 2 1 56

1 1 .8 8 3 5

1 1 .2734

1 0.7258

1 0. 2 3 1 7

9.7836

9.3753

4I

42

1 2 . 6490

1 2.2923

1 1 .9562

1 1 .3387

1 0. 7 849

1 0. 2 8 5 5

9.8328

9 . 4205

42

43

1 2.7270

1 2 . 3660

1 2 .0258

1 1 . 40 1 3

1 0 . 84 1 6

1 0. 3 370

9.8798

9.4637

43

44

1 2 . 80 1 9

1 2.4367

1 2 .0927

1 1 .46 1 4

1 0.8959

1 0 . 3 864

9 . 9 249

9 . 5050

44

45

1 2. 8 7 3 8

1 2 . 5045

1 2. 1 568

1 1 . 5 1 90

1 0.9480

1 0. 4 3 3 7

9.968 1

9 . 5446

45
46

46

1 2 .9429

1 2.5698

1 2.2 1 85

1 1 . 5 744

1 0.9979

1 0.4790

1 0.0095

9 . 5 8 26

47

1 3 .0094

1 2 . 6 3 24

1 2.2777

1 1 .6275

1 1 .0459

1 0. 5 2 2 6

1 0 .0492

9.6 1 89

47

48

1 3 .0 7 3 3

1 2.6927

1 2 . 3 3 46

1 1 .6785

1 1 .09 1 9

1 0.5643

1 0 .08 7 3

9.6538

48

49

1 3 . 1 34 8

1 2 . 7 506

1 2.3893

1 1 .7275

1 1 . 1 36 1

1 0. 6044

1 0 . 1 238

9.6873

49

50

1 3 . 1 93 9

1 2 .8063

1 2 .44 1 9

1 1 . 7 7 46

1 1 . 1 78 6

1 0.6429

1 0 . 1 589

9 . 7 1 94

50

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

18

No Income Tax
Sinking Fund 3 %

Quarterly
in Advance

YEARS' PURCHASE*
Rate per Cent*

7.25

9.5

10

Y rs .

7.5

8.5

1 2.8599

1 2 .4925

1 1 . 8 200

1 1 . 2 1 94

1 0 . 6 8 00

1 0. 1 927

9 . 7 503

51

1 2.9 1 1 5

1 2 . 54 1 2

1 1 .8635

1 1 .2587

1 0. 7 1 5 5

1 0.2250

9.7799

52

1 2 . 96 1 2

1 2.588 1

1 1 .9055

1 1 .2965

1 0.7497

1 0.2562

9 . 8084

53

1 3 .4092

1 3 .009 1

1 2.6332

1 1 .9458

1 1 .3328

1 0 . 7 8 26

1 0.286 1

9.8358

54

55

1 3 .4582

1 3 .05 5 2

1 2.6767

1 1 .9847

1 1 .3678

1 0. 8 1 4 3

1 0. 3 1 49

9.862 1

55

56

1 3 . 5 054

1 3 .0996

1 2.7 1 8 5

1 2 .02 2 1

1 1 .40 1 4

1 0 . 8 447

1 0.3426

9.8875

56

57

1 3.55 1 0

1 3 . 1 4 24

1 2.7589

1 2 .05 8 2

1 1 .4339

1 0.874 1

1 0.3693

9.9 1 1 8

57

58

1 3 . 5 948

1 3. 1 837

1 2.7978

1 2 .0929

1 1 .4 6 5 1

1 0. 90 2 3

1 0. 3 9 5 0

9.9353

58

59

1 3.6372

1 3 .2235

1 2.8353

1 2 . 1 264

1 1 .4952

1 0.9295

1 0 .4 1 9 7

9.9579

59

60

1 3 .6780

1 3 . 26 1 9

1 2.87 1 5

1 2. 1 587

1 1 . 5 242

1 0. 9 5 5 7

1 0. 44 3 5

9.9796

60

Yrs.

51

1 3 . 2 508

52

1 3 .3056

53

1 3.3584

54

61

1 3 . 7 1 74

1 3 . 2989

1 2 .9063

1 2 . 1 8 98

1 1 .552 1

1 0. 9 8 1 0

1 0.4665

1 0 .0006

61

62

1 3.7554

1 3 . 3 346

1 2 . 9400

1 2 .2 1 98

1 1 .579 1

1 1 .0053

1 0.4886

1 0 .0208

62

63

1 3 .792 1

1 3 . 3 69 1

1 2.9724

1 2 .2487

1 1 . 605 1

1 1 .0288

1 0 . 5 099

1 0 .0402

63

64

1 3 . 8 27 5

1 3 .4024

1 3 .0038

1 2.2767

1 1 .630 1

1 1 .0 5 1 4

1 0 .0590

64

65

1 3 .86 1 7

1 3 .4345

1 3 .0340

1 2.3036

1 1 .6543

1 1 .0 7 3 3

1 0 . 5 5 03

1 0 .07 7 1

65

66

1 3 . 8948

1 3 .4 6 5 6

1 3 .0 6 3 2

1 2 . 3 296

1 1 .6777

1 1 .0944

1 0 . 5 694

1 0 .0945

66

I 0 . 5 305

I 0.5879

67

1 3 . 9267

1 3 .4 9 5 5

1 3 .09 1 4

1 2 . 3 548

1 1 . 7002

1 1 . 1 1 47

1 0. 1 1 1 4

67

68

1 3.9575

1 3 . 5 24 5

1 3. 1 1 87

1 2 . 3 7 90

1 1 .72 1 9

1 1 . 1 343

1 0 .6057

1 0. 1 276

68

69

1 3 .9873

1 3 . 5 5 24

1 3 . 1 4 50

1 2 .4024

1 1 .7429

1 1 . 1 533

1 0 .6229

1 0. 1 43 3

69

70

1 4 .0 1 6 1

1 3.5795

1 3 . 1 7 04

1 2 .425 1

1 1 .7632

1 1.1715

1 0. 1 584

70

71

1 4 .0439

1 3 .6056

1 3 . 1 9 49

1 2 . 4469

1 1 . 7 8 28

1 1 . 1 892

72

1 4 .0708

1 3 .6308

1 3 .2 1 87

1 2 .4680

1 1 . 80 1 7

I 0.6395

I 1 . 2063

1 0. 6 5 5 5

1 0. 1 730

71

1 0.67 1 0

1 0. 1 8 7 1

72
73

73

1 4 .0968

1 3 .6 5 5 2

1 3 . 24 1 6

1 2 .4884

1 1 . 8 200

1 1 .2228

1 0. 6 8 5 9

1 0 . 2007

74

1 4. 1 2 1 9

1 3 .6788

1 3 .2638

1 2.5082

1 1 .8377

1 1 .2387

1 0 . 7003

1 0. 2 1 3 9

74

75

1 4 . 1 46 2

1 3 .70 1 6

1 3 .2852

1 2.5272

1 1 .8547

I 1 . 254 1

1 0.7 1 43

1 0.2266

75

76

1 4 . 1 6 97

1 3 .7236

1 3 . 3 060

1 2.5457

1 1 .87 1 3

76

77

1 4 . 1 9 24

1 3 . 7450

1 3 . 3 260

1 2.5635

1 1 .8872

78

1 4 . 2 1 44

1 3 .7656

1 3 .3454

1 2 . 5 807

79

1 4. 2 3 5 7

1 3.7856

1 3 . 3 642

80

1 4.2563

1 3 . 8 049

1 3.3823

I 1 . 2689

1 0.7278

I 0.2389

1 1 .2833

1 0. 7408

1 0. 2 507

77

1 1 .9026

1 1 .2972

1 0. 7 5 3 4

1 0.2622

78

1 2.5974

1 1 .9 1 76

1 1 . 3 1 07

1 0.7656

1 0. 2 7 3 3

79

1 2.6 1 3 5

1 1 . 9 3 20

1 1 .3237

1 0. 7 7 7 3

1 0 . 2840

80

81

1 4.2762

1 3.8235

1 3 .3999

1 2.629 1

1 1 .9459

1 1 .3362

1 0. 7 8 8 7

1 0 . 2944

81

82

1 4.2955

1 3 .84 1 6

1 3 .4 1 6 9

1 2 . 6442

1 1 .9594

1 1 .3484

1 0. 7 9 9 7

1 0 . 3044

82

83

1 4. 3 1 42

1 3.859 1

1 3 .4 3 3 3

1 2.6588

1 1 .9725

1 1 . 360 1

1 0 . 8 1 04

1 0. 3 1 4 1

83

84

1 4.3323

1 3 .876 1

1 3 .4492

1 2 . 6 7 29

1 1 .985 1

1 1 .37 1 5

1 0 . 8 207

1 0.3235

84

85

1 4 . 3 498

1 3 .8925

1 3 .4646

1 2 .6866

1 1 .9974

1 1 .3825

1 0 . 8 307

1 0. 3 3 2 5

85

86

1 4 . 3 667

1 3 . 908 3

1 3 .4795

1 2 .6998

1 2 .0092

1 1 .3932

1 0 . 8 403

1 0. 34 1 3

86

87

1 4.383 1

1 3 .9237

1 3 .4 9 3 9

1 2 . 7 1 26

1 2 .0206

1 1 .4035

1 0 . 8 496

1 0.3498

87

88

1 4 . 3 990

1 3 .9386

1 3 . 5 079

1 2.7250

1 2 .03 1 7

1 1 .4 1 3 5

1 0.8587

1 0 . 3 5 80

88

89

1 4 .4 1 4 3

1 3 .9530

1 3.52 1 4

1 2 . 7 3 70

1 2 .0425

1 1 . 423 1

1 0. 8 6 7 4

1 0 . 3660

89

90

1 4 .4292

1 3 . 9669

1 3 .5345

1 2.7487

1 2 .0529

1 1 .4325

1 0.8759

1 0.3737

90

91

1 4 .4436

1 3 . 9 8 04

1 3 .5472

1 2.7599

1 2 .0629

1 1 . 44 1 5

1 0 . 8 840

1 0. 3 8 1 1

91

92

1 4.4576

1 3 .9935

1 3.5595

1 2 . 7 708

1 2.0727

1 1 .4503

1 0 . 8 920

1 0. 3 8 8 3

92

93

1 4 .4 7 1 1

1 4 .0062

1 3.57 1 4

1 2.78 1 4

1 2 .08 2 1

1 1 .4 5 8 8

1 0.8997

1 0. 3 9 5 3

93

94

1 4 .4842

1 4 .0 1 8 5

1 3 . 5 8 29

1 2.79 1 6

1 2 .09 1 2

1 1 .4670

1 0 . 907 1

1 0 .402 1

94

95

1 4 .4969

1 4 .0304

1 3 .594 1

1 2.80 1 5

1 2 . 1 00 1

1 1 .4749

1 0.9 1 43

1 0 .4086

95

96

1 4 . 5 092

1 4 .04 1 9

1 3 . 6049

1 2.8 1 1 1

1 2 . 1 08 6

1 1 .4826

1 0.92 1 3

1 0.4 1 50

96

97

1 4.5 2 1 2

1 4.0530

1 3 .6 1 5 4

1 2 . 8 204

1 2 . 1 1 69

1 1 .490 1

1 0 .9280

1 0.42 1 1

97

98

1 4. 5 3 27

1 4 .0639

1 3 .6256

1 2 . 8 294

1 2 . 1 2 50

1 1. 49 7 3

1 0 . 9 3 46

99

1 4.5439

1 4 .0743

1 3.6354

1 2.838 1

1 2. 1 328

1 1 . 5043

1 0. 9409

1 00

1 4 . 5 5 47

1 4 .0845

1 3 . 6449

1 2 .8466

1 2 . 1 403

1 1 .5 1 1 1

1 0 .9470

I 0.427 1
I 0.4328

1 0.4384

98
99
1 00

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

19

No Income Tax
Sinking Fund 3 %

YEARS ' PURCHASE*

Quarterly
in Advance

Rate per Cent*


Y rs .

12

13

14

IS

16

18

20

Yrs.

0.92 1 9

0 . 9 1 46

0.9074

0.9004

0.8936

0.8870

0.8743

0.8622

1 . 7 048

1 .6798

1 .6558

1 .6327

1 .6 1 05

1 . 589 1

1 . 5487

1 .5 1 10

2.3775

2.3292

2.2833

2.2396

2 . 1 98 1

2. 1 584

2.0845

2 .0 1 68

2.96 1 6

2.8870

2.8 1 68

2 . 7 507

2.6882

2.6292

2 . 5 203

2.422 1

11

3.4733

3 . 37 1 1

3.2758

3 . 1 867

3 . 1 03 2

3 . 0248

2.88 1 5

2.7538

3.925 1

3 .795 1

3 . 6747

3 . 5629

3.4589

3 . 36 1 8

3 . 1 857

3 . 0304

4.3267

4 . 1 692

4 .0244

3 . 8908

3 . 7670

3.652 1

3 .4453

3 . 2643

4.6859

4 . 50 1 8

4.3334

4. 1 789

4.0364

3 . 9048

3 .6693

3 . 4647

5 . 0090

4 . 79 9 2

4 . 608 3

4.4339

4.2739

4 . 1 266

3 . 8645

3.6382

10

5 . 30 1 1

5 .0666

4 . 8 544

4.66 1 2

4.4847

4.3228

4.0360

3 . 7899

10

11

5 . 5662

5 . 3 083

5 .0 7 5 8

4.8650

4.6730

4.4975

4. 1 879

3.9235

11

12

5 . 8079

5 . 5277

5 . 2760

5 . 0486

4.8422

4 . 6 5 40

4.3233

4.042 1

12

13

6.0290

5 . 7276

5 .4578

5 . 2 1 48

4 . 9 949

4 . 7 949

4 . 4446

4 . 1 4 79

13

14

6.23 1 9

5 . 9 1 05

5 .6236

5 . 3660

5 . 1 334

4.9224

4.5539

4 . 2430

14

IS

6.4 1 89

6.0783

5.7753

5 . 5040

5 . 2596

5.0383

4.6530

4.3288

IS

16

6.59 1 5

6 . 2 3 29

5.9 1 47

5 . 6 304

5 . 3 7 49

5 . 1 440

4.7430

4 . 4066

16

17

6.75 1 3

6.3756

6 . 043 1

5 . 7466

5 . 4807

5 . 2408

4.8252

4.47 7 5

17

18

6 . 8996

6. 5077

6. 1 6 1 6

5.8537

5.578 1

5 . 3298

4 . 9005

4. 5423

18

19

7.0376

6 . 6 303

6.27 1 4

5.9528

5 .6679

5 .4 1 1 7

4.9697

4 . 60 1 7

19

20

7 . 1 66 2

6 . 7 444

6.3734

6 .0445

5.75 1 0

5.4875

5.0335

4.6563

20

21

7 . 2 864

6 . 8 507

6.4682

6 . 1 298

5.8282

5.5576

5 . 0925

4 . 7067

21

22

7.3988

6 . 9 500

6.5567

6 . 2092

5 .8999

5 .6228

5 . 1 47 1

4.7534

22

23

7 . 5042

7 . 0429

6.6393

6.2832

5 .9667

5.6835

5 . 1 979

4.7967

23

24

7 . 603 1

7 . 1 300

6 . 7 1 66

6 . 3 5 24

6 .029 1

5 . 7 400

5 . 24 5 2

4.8369

24

25

7 . 696 1

7.2 1 1 7

6.789 1

6.4 1 7 2

6.0874

5 . 7 929

5.2893

4 . 8 744

25

26

7.7837

7 . 2886

6.8572

6.4780

6 . 1 42 1

5 . 8424

5 . 3 305

4 . 9094

26

27

7.8663

7 . 3 609

6.92 1 2

6.535 1

6 . 1 934

5.8888

5 . 369 1

4.942 1

27

28

7 . 9443

7 . 4292

6 . 98 1 5

6.5889

6 . 24 1 6

5 . 9 3 24

5 . 40 5 3

4.9728

28

29

8.0 1 80

7 . 4936

7 .0 3 8 4

6.6395

6 . 2 870

5.9734

5.4393

5 . 00 1 6

29

30

8.0877

7 . 5545

7 .0920

6.6872

6 . 3 2 98

6 . 0 1 20

5.47 1 3

5 . 0286

30

31

8. 1 538

7 .6 1 2 1

7 . 1 4 28

6.7323

6 . 3 7 02

6 . 0484

5 . 50 1 5

5 . 054 1

31

32

8 . 2 1 64

7 . 6666

7 . 1 908

6 . 7 749

6 .4084

6.0828

5 . 5 29 9

5.0780

32

33

8.2758

7.7 1 83

7.2363

6.8 1 53

6 . 4445

6. 1 1 53

5 . 5 568

5 . 1 007

33

34

8.3323

7 . 7 674

7 . 2794

6.8536

6.4787

6 . 1 46 1

5.5822

5 . 1 22 1

34

35

8 . 3 8 60

7.8 1 4 1

7 . 3 204

6.8898

6.5 1 1 1

6. 1 753

5 . 6062

5 . 1 4 23

35

36

8.437 1

7.8584

7 . 3 5 93

6 . 9 24 3

6 . 54 1 8

6 . 2029

5 . 6290

5. 1 6 1 5

36

37

8 . 48 5 7

7 . 9006

7 . 3 962

6.9570

6.57 1 0

6 . 2 292

5 . 6 5 06

5 . 1 796

37

38

8.532 1

7 . 9408

7 . 43 1 4

6.988 1

6.5988

6.254 1

5 .67 1 2

5 . 1 9 69

38

39

8.5763

7 . 9 7 90

7 . 46 5 0

7 .0 1 7 8

6.6252

6.2779

5 . 6907

5.2 1 33

39

40

8 .6 1 8 5

8 .0 1 56

7 .4969

7 .0460

6 . 6 504

6 . 3004

5 . 7 092

5 . 2288

40

41

8.6588

8 . 0 504

7.5274

7.0729

6.6743

6.32 1 9

5 . 7268

5 . 24 3 6

41

42

8.6973

8.0837

7 . 5 5 64

7 .0986

6.6972

6 . 3424

5 . 7437

5.2577

42
43

43

8.734 1

8 . 1 1 54

7 . 5842

7. 1 23 1

6 . 7 1 90

6 . 3 6 20

5 . 7 597

5.27 1 1

44

8 . 7693

8 . 1 45 8

7 . 6 1 07

7 . 1 46 5

6.7398

6 . 3 806

5 . 7750

5.2839

44

45

8 . 8 030

8 . 1 749

7.636 1

7 . 1 68 8

6.7597

6.3985

5 .7896

5 . 2962

45

46

8.8353

8 . 2027

7 . 6604

7 . 1 902

6.7787

6 .4 1 5 5

5 . 8035

5 . 3078

46

47

8 . 8662

8 . 2294

7.6836

7 . 2 1 07

6 . 7 96 9

6.43 1 8

5 . 8 1 68

5 . 3 1 90

47

48

8.8958

8 . 2549

7 . 7 059

7 .2303

6 . 8 1 43

6 . 4474

5 . 8 2 96

5 . 3 296

48

49

8 . 9242

8 . 2793

7.7272

7 . 2490

6 . 8 309

6.4623

5 . 84 1 8

5 . 3 3 98

49

50

8.95 1 5

8 . 3028

7 . 7 476

7 . 26 7 0

6 . 8469

6.4766

5 . 8 5 34

5 . 3495

50

Note:-ln computing the Quarterly i n Advance figures i n these tables, a l l the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

20

No Income Tax
Sinking Fund 3%

Quarterly
in Advance

YEARS' PURCHASE*
Rate per Cent*

Yrs.

ll

12

13

IS

14

16

18

20

Yrs.

51

8 .9776

8.3253

7 .7672

7 . 2842

6.8622

6 . 4902

5 . 8646

5.3589

51

52

9 . 0028

8 . 3469

7 . 7 860

7 . 3 008

6.8769

6 . 5034

5.8753

5 .3678

52

53

9.0269

8 . 3676

7 . 8040

7 . 3 1 66

6 . 8 909

6.5 1 59

5.8856

5 .3764

53

54

9.050 1

8. 3876

7.82 1 4

7.33 1 9

6 . 9044

6 . 5 280

5.8954

5 . 3846

54

55

9.0724

8 . 4067

7 . 8 3 80

7 . 3 465

6.9 1 74

6 . 5 3 96

5 . 9049

5 . 3925

55

56

9.0938

8.425 1

7 . 8 540

7 . 3605

6 . 9 299

6 . 5 507

5 . 9 1 40

5 . 400 1

56

57

9 . 1 1 44

8 . 4428

7 . 8694

7 . 3 7 40

6 . 94 1 8

6.56 1 4

5.9227

5 . 407 3

57

58

9. 1 343

8. 4598

7.884 1

7 .3870

6.9533

6.57 1 7

5.93 1 0

5.4 1 43

58

59

9. 1 533

8 .4762

7.8983

7 .3995

6 . 9644

6.58 1 6

5.939 1

5.42 1 0

59

60

9. 1 7 1 7

8 . 49 1 9

7 . 9 1 20

7 .4 1 1 5

6.9750

6.59 1 1

5 . 9468

5 .4 2 7 4

60

61

9 . 1 894

8 . 5 07 1

7 .9252

7 . 4230

6.9852

6 . 6002

5 . 9542

5.4336

61

62

9 . 2065

8.52 1 7

7.9379

7 .434 1

6.995 1

6 . 6090

5 . 96 1 4

5 .4396

62

63

9 . 2229

8.5358

7.950 1

7 . 4448

7 . 0046

6.6 1 74

5.9683

5 .4453

63

64

9.2387

8 . 5493

. 7.96 1 8

7.4552

7 .0 1 3 7

6.6256

5 . 9749

5 . 4508

64

65

9 . 2 5 40

8 . 5624

7.9732

7 . 465 1

7 .0225

6.6334

5.98 1 3

5.456 1

65

66

9.2687

8.5750

7.984 1

7 . 4747

7 .0309

6 . 64 1 0

5.9874

5 . 46 1 2

66

67

9. 2829

8.587 1

7 . 9946

7.4839

7 . 039 1

6 . 64 8 3

5.9933

5 . 4662

67

68

9 . 29 6 5

8 . 5988

8 . 0047

7 . 4928

7 . 0470

6.6553

5 . 9990

5 . 4709

68

69

9 . 3097

8.6 1 0 1

8 . 0 1 45

7 . 50 1 3

7 . 0546

6.6620

6 . 0045

5.4755

69

70

9.3225

8.62 1 0

8 . 0240

7 . 5096

7 . 06 1 9

6 . 66 8 6

6 . 0098

5 .4 7 9 9

70

71

9 . 3 348

8.63 1 5

8.03 3 1

7 . 5 1 76

7 . 0689

6 . 6749

6 . 0 1 49

5 . 484 1

71

72

9 . 3467

8 . 64 1 7

8 . 04 1 9

7.5253

7.0757

6 . 6809

6 . 0 1 99

5 .4882

72

73

9.358 1

8.65 1 5

8 . 0 5 04

7 .5327

7 .0823

6.6868

6 . 0246

5.4922

73

74

9 . 3692

8 . 66 1 0

8 .0586

7 . 5 3 99

7 .0886

6 . 6924

6 . 0292

5 .4960

74

75

9.3799

8.670 1

8 . 0665

7 . 5468

7 .0948

6 . 69 7 9

6.0336

5 . 4997

75

76

9 . 3902

8.6789

8 . 074 1

7.5535

7 . 1 007

6.703 1

6.0379

5 . 5032

76

77

9 . 4002

8.6874

8 . 08 1 5

7 . 5 600

7 . 1 064

6 . 7082

6.0420

5 . 5066

77

78

9 . 4098

8 .6957

8 .0886

7 . 5 662

7.1 1 19

6.7 1 3 1

6 . 0460

5 . 5099

78
79

79

9.4 1 92

8 . 7 036

8 . 09 5 5

7.5722

7. 1 1 72

6 . 7 1 79

6.0499

5.5 1 3 1

80

9.4282

8.7 1 1 3

8 . 1 02 1

7 . 5780

7 . 1 223

6 . 7 225

6.0536

5. 5 1 62

80

81

9.4369

8.7 1 88

8 . 1 08 6

7.5837

7 . 1 27 3

6 . 7 269

6.0572

5.5 1 92

81
82

82

9.4453

8 . 7 260

8 . 1 1 48

7.589 1

7.1 321

6.73 1 2

6 . 0606

5.522 1

83

9.4535

8 . 7 329

8 . 1 208

7 . 5944

7 . 1 368

6. 7 3 5 3

6 . 0640

5 . 5 249

83

84

9 . 46 1 3

8 . 7 3 96

8 . 1 26 6

7 . 5995

7. 1 4 1 3

6.7393

6.0672

5 .5276

84

85

9.4689

8 . 7 46 1

8 . 1 322

7 . 6044

7 . 1 45 6

6.7432

6 . 0704

5 . 5302

85

86

9 .4763

8 . 7 524

8. 1 377

7 . 609 1

7 . 1 49 8

6 . 7469

6.0734

5 . 5 3 27

86

87

9.4834

8.7585

8 . 1 4 29

7 .6 1 37

7 . 1 538

6 . 7 505

6.0763

5.535 1

87

88

9 . 4903

8 . 7 644

8 . 1 480

7.6 1 82

7 . 1 578

6 . 7 540

6.0792

5 . 5 3 74

88

89

9.4970

8.7701

8 . 1 5 29

7 .6225

7. 1 6 1 6

6.7 574

6 .08 1 9

5 . 5 397

89

90

9 . 5035

8.7756

8. 1 577

7 . 6266

7 . 1 652

6 . 7 607

6 . 0845

5 . 54 1 9

90

91

9 . 5097

8 . 7 8 09

8 . 1 6 23

7 . 6 306

7 . 1 68 8

6.7638

6 . 08 7 1

5 . 5 440

91

92

9.5 1 58

8.786 1

8 . 1 66 8

7.6345

7 . 1 722

6 . 7 669

6 .0896

5 . 546 1

92

93

9.52 1 6

8 . 79 1 1

8. 1 7 1 1

7.6383

7. 1 756

6 . 7699

6 .0920

5 . 548 1

93

94

9.5273

8 . 7959

8. 1 753

7 . 6420

7 . 1 788

6.7727

6 .0943

5 . 5 500

94

95

9 . 5 3 28

8 . 8006

8 . 1 793

7.6455

7. 1 8 1 9

6.7755

6.0965

5.55 1 9

95

96

9.538 1

8 . 805 1

8 . 1 832

7 . 6489

7 . 1 849

6.7782

6.0987

5.5537

96

97

9.5433

8 . 8095

8 . 1 870

7 . 6 5 22

7 . 1 878

6 . 7808

6 . 1 008

5 . 5 5 54

97

98

9.5483

8.8 1 38

8 . 1 907

7.6554

7 . 1 907

6. 7 8 3 3

6 . 1 029

5.557 1

98

99

9.553 1

8.8 1 79

8 . 1 942

7.6585

7 . 1 934

6.7857

6 . 1 048

5.5588

99

1 00

9.5578

8.82 1 9

8 . 1 97 7

7 . 66 1 5

7 . 1 96 1

6.788 1

6 . 1 06 7

5 . 5603

1 00

Note:-ln computing the Quarterly in Advance figures in these tables, all the rates % quoted are effective rates;
see the Introduction Section, pages xix-xx.

21