Table 1: Page 1 of 12

Future Value of $1

FV= $1(1+i)^n

n/i 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5 11 11.5

1 1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 1.06000 1.06500 1.07000 1.07500 1.08000 1.08500 1.09000 1.09500 1.10000 1.10500 1.11000 1.11500
2 1.01003 1.02010 1.03023 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 1.12360 1.13423 1.14490 1.15563 1.16640 1.17723 1.18810 1.19903 1.21000 1.22103 1.23210 1.24323
3 1.01508 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 1.19102 1.20795 1.22504 1.24230 1.25971 1.27729 1.29503 1.31293 1.33100 1.34923 1.36763 1.38620
4 1.02015 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23882 1.26248 1.28647 1.31080 1.33547 1.36049 1.38586 1.41158 1.43766 1.46410 1.49090 1.51807 1.54561
5 1.02525 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 1.30696 1.33823 1.37009 1.40255 1.43563 1.46933 1.50366 1.53862 1.57424 1.61051 1.64745 1.68506 1.72335

6 1.03038 1.06152 1.09344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 1.41852 1.45914 1.50073 1.54330 1.58687 1.63147 1.67710 1.72379 1.77156 1.82043 1.87041 1.92154
7 1.03553 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 1.36086 1.40710 1.45468 1.50363 1.55399 1.60578 1.65905 1.71382 1.77014 1.82804 1.88755 1.94872 2.01157 2.07616 2.14252
8 1.04071 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746 1.53469 1.59385 1.65500 1.71819 1.78348 1.85093 1.92060 1.99256 2.06687 2.14359 2.22279 2.30454 2.38891
9 1.04591 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133 1.61909 1.68948 1.76257 1.83846 1.91724 1.99900 2.08386 2.17189 2.26322 2.35795 2.45618 2.55804 2.66363
10 1.05114 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 1.62889 1.70814 1.79085 1.87714 1.96715 2.06103 2.15892 2.26098 2.36736 2.47823 2.59374 2.71408 2.83942 2.96995

11 1.05640 1.11567 1.17795 1.24337 1.31209 1.38423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 1.99915 2.10485 2.21561 2.33164 2.45317 2.58043 2.71366 2.85312 2.99906 3.15176 3.31149
12 1.06168 1.12683 1.19562 1.26824 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 2.01220 2.12910 2.25219 2.38178 2.51817 2.66169 2.81266 2.97146 3.13843 3.31396 3.49845 3.69231
13 1.06699 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 2.13293 2.26749 2.40985 2.56041 2.71962 2.88793 3.06580 3.25375 3.45227 3.66193 3.88328 4.11693
14 1.07232 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993 2.11609 2.26090 2.41487 2.57853 2.75244 2.93719 3.13340 3.34173 3.56285 3.79750 4.04643 4.31044 4.59037
15 1.07768 1.16097 1.25023 1.34587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.39656 2.57184 2.75903 2.95888 3.17217 3.39974 3.64248 3.90132 4.17725 4.47130 4.78459 5.11827

16 1.08307 1.17258 1.26899 1.37279 1.48451 1.60471 1.73399 1.87298 2.02237 2.18287 2.35526 2.54035 2.73901 2.95216 3.18079 3.42594 3.68872 3.97031 4.27195 4.59497 4.94079 5.31089 5.70687
17 1.08849 1.18430 1.28802 1.40024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202 2.48480 2.69277 2.91705 3.15882 3.41935 3.70002 4.00226 4.32763 4.67778 5.05447 5.45957 5.89509 6.36316
18 1.09393 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 2.85434 3.10665 3.37993 3.67580 3.99602 4.34245 4.71712 5.12217 5.55992 6.03283 6.54355 7.09492
19 1.09940 1.20811 1.32695 1.45681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 3.02560 3.30859 3.61653 3.95149 4.31570 4.71156 5.14166 5.60878 6.11591 6.66628 7.26334 7.91084
20 1.10490 1.22019 1.34686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 3.20714 3.52365 3.86968 4.24785 4.66096 5.11205 5.60441 6.14161 6.72750 7.36623 8.06231 8.82058

21 1.11042 1.23239 1.36706 1.51567 1.67958 1.86029 2.05943 2.27877 2.52024 2.78596 3.07823 3.39956 3.75268 4.14056 4.56644 5.03383 5.54657 6.10881 6.72507 7.40025 8.13969 8.94917 9.83495
22 1.11597 1.24472 1.38756 1.54598 1.72157 1.91610 2.13151 2.36992 2.63365 2.92526 3.24754 3.60354 3.99661 4.43040 4.90892 5.43654 6.01803 6.65860 7.36395 8.14027 8.99436 9.93357 10.96597
23 1.12155 1.25716 1.40838 1.57690 1.76461 1.97359 2.20611 2.46472 2.75217 3.07152 3.42615 3.81975 4.25639 4.74053 5.27709 5.87146 6.52956 7.25787 8.06352 8.95430 9.93876 11.02627 12.22706
24 1.12716 1.26973 1.42950 1.60844 1.80873 2.03279 2.28333 2.56330 2.87601 3.22510 3.61459 4.04893 4.53305 5.07237 5.67287 6.34118 7.08457 7.91108 8.82956 9.84973 10.98233 12.23916 13.63317
25 1.13280 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.00543 3.38635 3.81339 4.29187 4.82770 5.42743 6.09834 6.84848 7.68676 8.62308 9.66836 10.83471 12.13548 13.58546 15.20098

26 1.13846 1.29526 1.47271 1.67342 1.90029 2.15659 2.44596 2.77247 3.14068 3.55567 4.02313 4.54938 5.14150 5.80735 6.55572 7.39635 8.34014 9.39916 10.58686 11.91818 13.40971 15.07986 16.94910
27 1.14415 1.30821 1.49480 1.70689 1.94780 2.22129 2.53157 2.88337 3.28201 3.73346 4.24440 4.82235 5.47570 6.21387 7.04739 7.98806 9.04905 10.24508 11.59261 13.10999 14.81772 16.73865 18.89824
28 1.14987 1.32129 1.51722 1.74102 1.99650 2.28793 2.62017 2.99870 3.42970 3.92013 4.47784 5.11169 5.83162 6.64884 7.57595 8.62711 9.81822 11.16714 12.69391 14.42099 16.37359 18.57990 21.07154
29 1.15562 1.33450 1.53998 1.77584 2.04641 2.35657 2.71188 3.11865 3.58404 4.11614 4.72412 5.41839 6.21067 7.11426 8.14414 9.31727 10.65277 12.17218 13.89983 15.86309 18.09281 20.62369 23.49477
30 1.16140 1.34785 1.56308 1.81136 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 4.98395 5.74349 6.61437 7.61226 8.75496 10.06266 11.55825 13.26768 15.22031 17.44940 19.99256 22.89230 26.19667

31 1.16721 1.36133 1.58653 1.84759 2.15001 2.50008 2.90503 3.37313 3.91386 4.53804 5.25807 6.08810 7.04430 8.14511 9.41158 10.86767 12.54070 14.46177 16.66624 19.19434 22.09178 25.41045 29.20928
32 1.17304 1.37494 1.61032 1.88454 2.20376 2.57508 3.00671 3.50806 4.08998 4.76494 5.54726 6.45339 7.50218 8.71527 10.11745 11.73708 13.60666 15.76333 18.24954 21.11378 24.41141 28.20560 32.56835
33 1.17891 1.38869 1.63448 1.92223 2.25885 2.65234 3.11194 3.64838 4.27403 5.00319 5.85236 6.84059 7.98982 9.32534 10.87625 12.67605 14.76323 17.18203 19.98324 23.22515 26.97461 31.30821 36.31371
34 1.18480 1.40258 1.65900 1.96068 2.31532 2.73191 3.22086 3.79432 4.46636 5.25335 6.17424 7.25103 8.50916 9.97811 11.69197 13.69013 16.01810 18.72841 21.88165 25.54767 29.80694 34.75212 40.48979
35 1.19073 1.41660 1.68388 1.99989 2.37321 2.81386 3.33359 3.94609 4.66735 5.51602 6.51383 7.68609 9.06225 10.67658 12.56887 14.78534 17.37964 20.41397 23.96041 28.10244 32.93667 38.57485 45.14611

36 1.19668 1.43077 1.70914 2.03989 2.43254 2.89828 3.45027 4.10393 4.87738 5.79182 6.87209 8.14725 9.65130 11.42394 13.51154 15.96817 18.85691 22.25123 26.23664 30.91268 36.39502 42.81808 50.33792
37 1.20266 1.44508 1.73478 2.08069 2.49335 2.98523 3.57103 4.26809 5.09686 6.08141 7.25005 8.63609 10.27864 12.22362 14.52490 17.24563 20.45975 24.25384 28.72913 34.00395 40.21650 47.52807 56.12678
38 1.20868 1.45953 1.76080 2.12230 2.55568 3.07478 3.69601 4.43881 5.32622 6.38548 7.64880 9.15425 10.94675 13.07927 15.61427 18.62528 22.19883 26.43668 31.45839 37.40434 44.43923 52.75616 62.58135
39 1.21472 1.47412 1.78721 2.16474 2.61957 3.16703 3.82537 4.61637 5.56590 6.70475 8.06949 9.70351 11.65829 13.99482 16.78534 20.11530 24.08573 28.81598 34.44694 41.14478 49.10535 58.55934 69.77821
40 1.22079 1.48886 1.81402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 8.51331 10.28572 12.41607 14.97446 18.04424 21.72452 26.13302 31.40942 37.71940 45.25926 54.26142 65.00087 77.80270
Table 1: Page 2 of 12
Future Value of $1

FV= $1(1+i)^n

n/i 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20

1 1.12000 1.12500 1.13000 1.13500 1.14000 1.14500 1.15000 1.15500 1.16000 1.16500 1.17000 1.17500 1.18000 1.18500 1.19000 1.19500 1.20000
2 1.25440 1.26563 1.27690 1.28823 1.29960 1.31103 1.32250 1.33403 1.34560 1.35723 1.36890 1.38063 1.39240 1.40423 1.41610 1.42803 1.44000
3 1.40493 1.42383 1.44290 1.46214 1.48154 1.50112 1.52088 1.54080 1.56090 1.58117 1.60161 1.62223 1.64303 1.66401 1.68516 1.70649 1.72800
4 1.57352 1.60181 1.63047 1.65952 1.68896 1.71879 1.74901 1.77962 1.81064 1.84206 1.87389 1.90613 1.93878 1.97185 2.00534 2.03926 2.07360
5 1.76234 1.80203 1.84244 1.88356 1.92541 1.96801 2.01136 2.05546 2.10034 2.14600 2.19245 2.23970 2.28776 2.33664 2.38635 2.43691 2.48832

6 1.97382 2.02729 2.08195 2.13784 2.19497 2.25337 2.31306 2.37406 2.43640 2.50009 2.56516 2.63164 2.69955 2.76892 2.83976 2.91211 2.98598
7 2.21068 2.28070 2.35261 2.42645 2.50227 2.58011 2.66002 2.74204 2.82622 2.91260 3.00124 3.09218 3.18547 3.28117 3.37932 3.47997 3.58318
8 2.47596 2.56578 2.65844 2.75402 2.85259 2.95423 3.05902 3.16706 3.27841 3.39318 3.51145 3.63331 3.75886 3.88818 4.02139 4.15856 4.29982
9 2.77308 2.88651 3.00404 3.12581 3.25195 3.38259 3.51788 3.65795 3.80296 3.95306 4.10840 4.26914 4.43545 4.60750 4.78545 4.96948 5.15978
10 3.10585 3.24732 3.39457 3.54780 3.70722 3.87307 4.04556 4.22493 4.41144 4.60531 4.80683 5.01624 5.23384 5.45989 5.69468 5.93853 6.19174

11 3.47855 3.65324 3.83586 4.02675 4.22623 4.43466 4.65239 4.87980 5.11726 5.36519 5.62399 5.89409 6.17593 6.46996 6.77667 7.09654 7.43008
12 3.89598 4.10989 4.33452 4.57036 4.81790 5.07769 5.35025 5.63617 5.93603 6.25045 6.58007 6.92555 7.28759 7.66691 8.06424 8.48037 8.91610
13 4.36349 4.62363 4.89801 5.18736 5.49241 5.81395 6.15279 6.50977 6.88579 7.28177 7.69868 8.13752 8.59936 9.08528 9.59645 10.13404 10.69932
14 4.88711 5.20158 5.53475 5.88765 6.26135 6.65697 7.07571 7.51879 7.98752 8.48326 9.00745 9.56159 10.14724 10.76606 11.41977 12.11018 12.83918
15 5.47357 5.85178 6.25427 6.68248 7.13794 7.62223 8.13706 8.68420 9.26552 9.88300 10.53872 11.23487 11.97375 12.75778 13.58953 14.47167 15.40702

16 6.13039 6.58325 7.06733 7.58462 8.13725 8.72746 9.35762 10.03025 10.74800 11.51370 12.33030 13.20097 14.12902 15.11797 16.17154 17.29364 18.48843
17 6.86604 7.40616 7.98608 8.60854 9.27646 9.99294 10.76126 11.58494 12.46768 13.41346 14.42646 15.51114 16.67225 17.91480 19.24413 20.66590 22.18611
18 7.68997 8.33193 9.02427 9.77070 10.57517 11.44192 12.37545 13.38060 14.46251 15.62668 16.87895 18.22559 19.67325 21.22904 22.90052 24.69575 26.62333
19 8.61276 9.37342 10.19742 11.08974 12.05569 13.10099 14.23177 15.45460 16.77652 18.20508 19.74838 21.41507 23.21444 25.15641 27.25162 29.51143 31.94800
20 9.64629 10.54509 11.52309 12.58686 13.74349 15.00064 16.36654 17.85006 19.46076 21.20892 23.10560 25.16271 27.39303 29.81035 32.42942 35.26615 38.33760

21 10.80385 11.86323 13.02109 14.28608 15.66758 17.17573 18.82152 20.61682 22.57448 24.70839 27.03355 29.56618 32.32378 35.32526 38.59101 42.14305 46.00512
22 12.10031 13.34613 14.71383 16.21470 17.86104 19.66621 21.64475 23.81243 26.18640 28.78527 31.62925 34.74026 38.14206 41.86043 45.92331 50.36095 55.20614
23 13.55235 15.01440 16.62663 18.40369 20.36158 22.51781 24.89146 27.50335 30.37622 33.53484 37.00623 40.81981 45.00763 49.60461 54.64873 60.18134 66.24737
24 15.17863 16.89120 18.78809 20.88818 23.21221 25.78290 28.62518 31.76637 35.23642 39.06809 43.29729 47.96327 53.10901 58.78147 65.03199 71.91670 79.49685
25 17.00006 19.00260 21.23054 23.70809 26.46192 29.52141 32.91895 36.69016 40.87424 45.51433 50.65783 56.35684 62.66863 69.65604 77.38807 85.94045 95.39622

26 19.04007 21.37793 23.99051 26.90868 30.16658 33.80202 37.85680 42.37713 47.41412 53.02419 59.26966 66.21929 73.94898 82.54240 92.09181 102.69884 114.47546
27 21.32488 24.05017 27.10928 30.54135 34.38991 38.70331 43.53531 48.94559 55.00038 61.77318 69.34550 77.80767 87.25980 97.81275 109.58925 122.72511 137.37055
28 23.88387 27.05644 30.63349 34.66443 39.20449 44.31529 50.06561 56.53216 63.80044 71.96576 81.13423 91.42401 102.96656 115.90811 130.41121 146.65651 164.84466
29 26.74993 30.43849 34.61584 39.34413 44.69312 50.74101 57.57545 65.29464 74.00851 83.84011 94.92705 107.42321 121.50054 137.35111 155.18934 175.25453 197.81359
30 29.95992 34.24330 39.11590 44.65559 50.95016 58.09846 66.21177 75.41531 85.84988 97.67373 111.06465 126.22227 143.37064 162.76106 184.67531 209.42916 237.37631

31 33.55511 38.52372 44.20096 50.68410 58.08318 66.52273 76.14354 87.10468 99.58586 113.78989 129.94564 148.31117 169.17735 192.87186 219.76362 250.26785 284.85158
32 37.58173 43.33918 49.94709 57.52645 66.21483 76.16853 87.56507 100.60591 115.51959 132.56522 152.03640 174.26563 199.62928 228.55315 261.51871 299.07008 341.82189
33 42.09153 48.75658 56.44021 65.29252 75.48490 87.21297 100.69983 116.19983 134.00273 154.43849 177.88259 204.76211 235.56255 270.83548 311.20726 357.38875 410.18627
34 47.14252 54.85115 63.77744 74.10701 86.05279 99.85885 115.80480 134.21080 155.44317 179.92084 208.12263 240.59548 277.96381 320.94005 370.33664 427.07955 492.22352
35 52.79962 61.70755 72.06851 84.11146 98.10018 114.33838 133.17552 155.01347 180.31407 209.60777 243.50347 282.69969 327.99729 380.31396 440.70061 510.36007 590.66823

36 59.13557 69.42099 81.43741 95.46650 111.83420 130.91744 153.15185 179.04056 209.16432 244.19306 284.89906 332.17213 387.03680 450.67204 524.43372 609.88028 708.80187
37 66.23184 78.09861 92.02428 108.35448 127.49099 149.90047 176.12463 206.79185 242.63062 284.48491 333.33191 390.30226 456.70343 534.04636 624.07613 728.80693 850.56225
38 74.17966 87.86094 103.98743 122.98234 145.33973 171.63604 202.54332 238.84459 281.45151 331.42492 389.99833 458.60515 538.91004 632.84494 742.65059 870.92429 1020.67470
39 83.08122 98.84356 117.50580 139.58495 165.68729 196.52327 232.92482 275.86550 326.48376 386.11004 456.29805 538.86106 635.91385 749.92126 883.75421 1040.75452 1224.80964
40 93.05097 111.19900 132.78155 158.42892 188.88351 225.01914 267.86355 318.62465 378.72116 449.81819 533.86871 633.16174 750.37834 888.65669 1051.66751 1243.70165 1469.77157
Table 2: Page 3 of 12
Future Value of an Ordinary Annuity of $1

FVA= $1[(1+i)^n-1]/i

n/i 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5

1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000
2 2.00500 2.01000 2.01500 2.02000 2.02500 2.03000 2.03500 2.04000 2.04500 2.05000 2.05500 2.06000 2.06500 2.07000 2.07500 2.08000 2.08500 2.09000 2.09500 2.10000 2.10500
3 3.01502 3.03010 3.04522 3.06040 3.07562 3.09090 3.10623 3.12160 3.13703 3.15250 3.16803 3.18360 3.19923 3.21490 3.23063 3.24640 3.26223 3.27810 3.29403 3.31000 3.32603
4 4.03010 4.06040 4.09090 4.12161 4.15252 4.18363 4.21494 4.24646 4.27819 4.31013 4.34227 4.37462 4.40717 4.43994 4.47292 4.50611 4.53951 4.57313 4.60696 4.64100 4.67526
5 5.05025 5.10101 5.15227 5.20404 5.25633 5.30914 5.36247 5.41632 5.47071 5.52563 5.58109 5.63709 5.69364 5.75074 5.80839 5.86660 5.92537 5.98471 6.04462 6.10510 6.16616

6 6.07550 6.15202 6.22955 6.30812 6.38774 6.46841 6.55015 6.63298 6.71689 6.80191 6.88805 6.97532 7.06373 7.15329 7.24402 7.33593 7.42903 7.52333 7.61886 7.71561 7.81361
7 7.10588 7.21354 7.32299 7.43428 7.54743 7.66246 7.77941 7.89829 8.01915 8.14201 8.26689 8.39384 8.52287 8.65402 8.78732 8.92280 9.06050 9.20043 9.34265 9.48717 9.63404
8 8.14141 8.28567 8.43284 8.58297 8.73612 8.89234 9.05169 9.21423 9.38001 9.54911 9.72157 9.89747 10.07686 10.25980 10.44637 10.63663 10.83064 11.02847 11.23020 11.43589 11.64561
9 9.18212 9.36853 9.55933 9.75463 9.95452 10.15911 10.36850 10.58280 10.80211 11.02656 11.25626 11.49132 11.73185 11.97799 12.22985 12.48756 12.75124 13.02104 13.29707 13.57948 13.86840
10 10.22803 10.46221 10.70272 10.94972 11.20338 11.46388 11.73139 12.00611 12.28821 12.57789 12.87535 13.18079 13.49442 13.81645 14.14709 14.48656 14.83510 15.19293 15.56029 15.93742 16.32458

11 11.27917 11.56683 11.86326 12.16872 12.48347 12.80780 13.14199 13.48635 13.84118 14.20679 14.58350 14.97164 15.37156 15.78360 16.20812 16.64549 17.09608 17.56029 18.03852 18.53117 19.03866
12 12.33556 12.68250 13.04121 13.41209 13.79555 14.19203 14.60196 15.02581 15.46403 15.91713 16.38559 16.86994 17.37071 17.88845 18.42373 18.97713 19.54925 20.14072 20.75218 21.38428 22.03772
13 13.39724 13.80933 14.23683 14.68033 15.14044 15.61779 16.11303 16.62684 17.15991 17.71298 18.28680 18.88214 19.49981 20.14064 20.80551 21.49530 22.21094 22.95338 23.72363 24.52271 25.35168
14 14.46423 14.94742 15.45038 15.97394 16.51895 17.08632 17.67699 18.29191 18.93211 19.59863 20.29257 21.01507 21.76730 22.55049 23.36592 24.21492 25.09887 26.01919 26.97738 27.97498 29.01361
15 15.53655 16.09690 16.68214 17.29342 17.93193 18.59891 19.29568 20.02359 20.78405 21.57856 22.40866 23.27597 24.18217 25.12902 26.11836 27.15211 28.23227 29.36092 30.54023 31.77248 33.06004

16 16.61423 17.25786 17.93237 18.63929 19.38022 20.15688 20.97103 21.82453 22.71934 23.65749 24.64114 25.67253 26.75401 27.88805 29.07724 30.32428 31.63201 33.00340 34.44155 35.94973 37.53134
17 17.69730 18.43044 19.20136 20.01207 20.86473 21.76159 22.70502 23.69751 24.74171 25.84037 26.99640 28.21288 29.49302 30.84022 32.25804 33.75023 35.32073 36.97370 38.71350 40.54470 42.47213
18 18.78579 19.61475 20.48938 21.41231 22.38635 23.41444 24.49969 25.64541 26.85508 28.13238 29.48120 30.90565 32.41007 33.99903 35.67739 37.45024 39.32300 41.30134 43.39128 45.59917 47.93170
19 19.87972 20.81090 21.79672 22.84056 23.94601 25.11687 26.35718 27.67123 29.06356 30.53900 32.10267 33.75999 35.51672 37.37896 39.35319 41.44626 43.66545 46.01846 48.51345 51.15909 53.96453
20 20.97912 22.01900 23.12367 24.29737 25.54466 26.87037 28.27968 29.77808 31.37142 33.06595 34.86832 36.78559 38.82531 40.99549 43.30468 45.76196 48.37701 51.16012 54.12223 57.27500 60.63081

21 22.08401 23.23919 24.47052 25.78332 27.18327 28.67649 30.26947 31.96920 33.78314 35.71925 37.78608 39.99273 42.34895 44.86518 47.55253 50.42292 53.48906 56.76453 60.26384 64.00250 67.99704
22 23.19443 24.47159 25.83758 27.29898 28.86286 30.53678 32.32890 34.24797 36.30338 38.50521 40.86431 43.39229 46.10164 49.00574 52.11897 55.45676 59.03563 62.87334 66.98891 71.40275 76.13673
23 24.31040 25.71630 27.22514 28.84496 30.58443 32.45288 34.46041 36.61789 38.93703 41.43048 44.11185 46.99583 50.09824 53.43614 57.02790 60.89330 65.05366 69.53194 74.35286 79.54302 85.13109
24 25.43196 26.97346 28.63352 30.42186 32.34904 34.42647 36.66653 39.08260 41.68920 44.50200 47.53800 50.81558 54.35463 58.17667 62.30499 66.76476 71.58322 76.78981 82.41638 88.49733 95.06985
25 26.55912 28.24320 30.06302 32.03030 34.15776 36.45926 38.94986 41.64591 44.56521 47.72710 51.15259 54.86451 58.88768 63.24904 67.97786 73.10594 78.66779 84.70090 91.24593 98.34706 106.05219

26 27.69191 29.52563 31.51397 33.67091 36.01171 38.55304 41.31310 44.31174 47.57064 51.11345 54.96598 59.15638 63.71538 68.67647 74.07620 79.95442 86.35455 93.32398 100.91430 109.18177 118.18767
27 28.83037 30.82089 32.98668 35.34432 37.91200 40.70963 43.75906 47.08421 50.71132 54.66913 58.98911 63.70577 68.85688 74.48382 80.63192 87.35077 94.69469 102.72313 111.50116 121.09994 131.59737
28 29.97452 32.12910 34.48148 37.05121 39.85980 42.93092 46.29063 49.96758 53.99333 58.40258 63.23351 68.52811 74.33257 80.69769 87.67931 95.33883 103.74374 112.96822 123.09377 134.20994 146.41510
29 31.12439 33.45039 35.99870 38.79223 41.85630 45.21885 48.91080 52.96629 57.42303 62.32271 67.71135 73.63980 80.16419 87.34653 95.25526 103.96594 113.56196 124.13536 135.78767 148.63093 162.78868
30 32.28002 34.78489 37.53868 40.56808 43.90270 47.57542 51.62268 56.08494 61.00707 66.43885 72.43548 79.05819 86.37486 94.46079 103.39940 113.28321 124.21473 136.30754 149.68750 164.49402 180.88149

31 33.44142 36.13274 39.10176 42.37944 46.00027 50.00268 54.42947 59.32834 64.75239 70.76079 77.41943 84.80168 92.98923 102.07304 112.15436 123.34587 135.77298 149.57522 164.90781 181.94342 200.87405
32 34.60862 37.49407 40.68829 44.22703 48.15028 52.50276 57.33450 62.70147 68.66625 75.29883 82.67750 90.88978 100.03353 110.21815 121.56593 134.21354 148.31368 164.03699 181.57406 201.13777 222.96583
33 35.78167 38.86901 42.29861 46.11157 50.35403 55.07784 60.34121 66.20953 72.75623 80.06377 88.22476 97.34316 107.53571 118.93343 131.68338 145.95062 161.92034 179.80032 199.82359 222.25154 247.37724
34 36.96058 40.25770 43.93309 48.03380 52.61289 57.73018 63.45315 69.85791 77.03026 85.06696 94.07712 104.18375 115.52553 128.25876 142.55963 158.62667 176.68357 196.98234 219.80683 245.47670 274.35185
35 38.14538 41.66028 45.59209 49.99448 54.92821 60.46208 66.67401 73.65222 81.49662 90.32031 100.25136 111.43478 124.03469 138.23688 154.25161 172.31680 192.70168 215.71075 241.68848 271.02437 304.15879

36 39.33610 43.07688 47.27597 51.99437 57.30141 63.27594 70.00760 77.59831 86.16397 95.83632 106.76519 119.12087 133.09695 148.91346 166.82048 187.10215 210.08132 236.12472 265.64889 299.12681 337.09547
37 40.53279 44.50765 48.98511 54.03425 59.73395 66.17422 73.45787 81.70225 91.04134 101.62814 113.63727 127.26812 142.74825 160.33740 180.33201 203.07032 228.93823 258.37595 291.88553 330.03949 373.49049
38 41.73545 45.95272 50.71989 56.11494 62.22730 69.15945 77.02889 85.97034 96.13820 107.70955 120.88732 135.90421 153.02688 172.56102 194.85691 220.31595 249.39798 282.62978 320.61466 364.04343 413.70699
39 42.94413 47.41225 52.48068 58.23724 64.78298 72.23423 80.72491 90.40915 101.46442 114.09502 128.53613 145.05846 163.97363 185.64029 210.47118 238.94122 271.59681 309.06646 352.07305 401.44778 458.14622
40 44.15885 48.88637 54.26789 60.40198 67.40255 75.40126 84.55028 95.02552 107.03032 120.79977 136.60561 154.76197 175.63192 199.63511 227.25652 259.05652 295.68254 337.88245 386.51999 442.59256 507.25158
Table 2: Page 4 of 12
Future Value of an Ordinary Annuity of $1

FVA= $1[(1+i)^n-1]/i

n/i 11 11.5 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20

1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000
2 2.11000 2.11500 2.12000 2.12500 2.13000 2.13500 2.14000 2.14500 2.15000 2.15500 2.16000 2.16500 2.17000 2.17500 2.18000 2.18500 2.19000 2.19500 2.20000
3 3.34210 3.35823 3.37440 3.39063 3.40690 3.42323 3.43960 3.45603 3.47250 3.48903 3.50560 3.52223 3.53890 3.55563 3.57240 3.58923 3.60610 3.62303 3.64000
4 4.70973 4.74442 4.77933 4.81445 4.84980 4.88536 4.92114 4.95715 4.99338 5.02982 5.06650 5.10339 5.14051 5.17786 5.21543 5.25323 5.29126 5.32951 5.36800
5 6.22780 6.29003 6.35285 6.41626 6.48027 6.54488 6.61010 6.67594 6.74238 6.80945 6.87714 6.94545 7.01440 7.08398 7.15421 7.22508 7.29660 7.36877 7.44160

6 7.91286 8.01338 8.11519 8.21829 8.32271 8.42844 8.53552 8.64395 8.75374 8.86491 8.97748 9.09145 9.20685 9.32368 9.44197 9.56172 9.68295 9.80568 9.92992
7 9.78327 9.93492 10.08901 10.24558 10.40466 10.56628 10.73049 10.89732 11.06680 11.23897 11.41387 11.59154 11.77201 11.95533 12.14152 12.33064 12.52271 12.71779 12.91590
8 11.85943 12.07744 12.29969 12.52628 12.75726 12.99273 13.23276 13.47743 13.72682 13.98101 14.24009 14.50415 14.77325 15.04751 15.32700 15.61181 15.90203 16.19776 16.49908
9 14.16397 14.46634 14.77566 15.09206 15.41571 15.74675 16.08535 16.43166 16.78584 17.14807 17.51851 17.89733 18.28471 18.68082 19.08585 19.49999 19.92341 20.35632 20.79890
10 16.72201 17.12997 17.54874 17.97857 18.41975 18.87256 19.33730 19.81425 20.30372 20.80602 21.32147 21.85039 22.39311 22.94997 23.52131 24.10749 24.70886 25.32580 25.95868

11 19.56143 20.09992 20.65458 21.22589 21.81432 22.42036 23.04452 23.68731 24.34928 25.03095 25.73290 26.45570 27.19994 27.96621 28.75514 29.56737 30.40355 31.26433 32.15042
12 22.71319 23.41141 24.13313 24.87913 25.65018 26.44711 27.27075 28.12197 29.00167 29.91075 30.85017 31.82089 32.82393 33.86030 34.93107 36.03734 37.18022 38.36088 39.58050
13 26.21164 27.10372 28.02911 28.98902 29.98470 31.01746 32.08865 33.19966 34.35192 35.54692 36.78620 38.07134 39.40399 40.78585 42.21866 43.70424 45.24446 46.84125 48.49660
14 30.09492 31.22065 32.39260 33.61264 34.88271 36.20482 37.58107 39.01361 40.50471 42.05669 43.67199 45.35311 47.10267 48.92337 50.81802 52.78953 54.84091 56.97529 59.19592
15 34.40536 35.81102 37.27971 38.81422 40.41746 42.09247 43.84241 45.67058 47.58041 49.57548 51.65951 53.83638 56.11013 58.48496 60.96527 63.55559 66.26068 69.08547 72.03511

16 39.18995 40.92929 42.75328 44.66600 46.67173 48.77496 50.98035 53.29282 55.71747 58.25968 60.92503 63.71938 66.64885 69.71983 72.93901 76.31338 79.85021 83.55714 87.44213
17 44.50084 46.63616 48.88367 51.24925 53.73906 56.35958 59.11760 62.02027 65.07509 68.28993 71.67303 75.23307 78.97915 82.92080 87.06804 91.43135 96.02175 100.85079 105.93056
18 50.39594 52.99932 55.74971 58.65541 61.72514 64.96812 68.39407 72.01321 75.83636 79.87486 84.14072 88.64653 93.40561 98.43194 103.74028 109.34615 115.26588 121.51669 128.11667
19 56.93949 60.09424 63.43968 66.98733 70.74941 74.73882 78.96923 83.45513 88.21181 93.25547 98.60323 104.27321 110.28456 116.65753 123.41353 130.57519 138.16640 146.21244 154.74000
20 64.20283 68.00508 72.05244 76.36075 80.94683 85.82856 91.02493 96.55612 102.44358 108.71007 115.37975 122.47829 130.03294 138.07260 146.62797 155.73160 165.41802 175.72387 186.68800

21 72.26514 76.82566 81.69874 86.90584 92.46992 98.41541 104.76842 111.55676 118.81012 126.56013 134.84051 143.68721 153.13854 163.23531 174.02100 185.54194 197.84744 210.99002 225.02560
22 81.21431 86.66062 92.50258 98.76908 105.49101 112.70149 120.43600 128.73249 137.63164 147.17695 157.41499 168.39560 180.17209 192.80149 206.34479 220.86720 236.43846 253.13308 271.03072
23 91.14788 97.62659 104.60289 112.11521 120.20484 128.91619 138.29704 148.39871 159.27638 170.98937 183.60138 197.18087 211.80134 227.54175 244.48685 262.72763 282.36176 303.49403 326.23686
24 102.17415 109.85364 118.15524 127.12961 136.83147 147.31988 158.65862 170.91652 184.16784 198.49272 213.97761 230.71571 248.80757 268.36155 289.49448 312.33225 337.01050 363.67536 392.48424
25 114.41331 123.48681 133.33387 144.02081 155.61956 168.20806 181.87083 196.69941 212.79302 230.25910 249.21402 269.78381 292.10486 316.32482 342.60349 371.11371 402.04249 435.59206 471.98108

26 127.99877 138.68780 150.33393 163.02341 176.85010 191.91615 208.33274 226.22083 245.71197 266.94926 290.08827 315.29813 342.76268 372.68167 405.27211 440.76975 479.43056 521.53251 567.37730
27 143.07864 155.63689 169.37401 184.40134 200.84061 218.82483 238.49933 260.02285 283.56877 309.32639 337.50239 368.32233 402.03234 438.90096 479.22109 523.31215 571.52237 624.23135 681.85276
28 159.81729 174.53513 190.69889 208.45151 227.94989 249.36618 272.88923 298.72616 327.10408 358.27198 392.50277 430.09551 471.37783 516.70863 566.48089 621.12490 681.11162 746.95647 819.22331
29 178.39719 195.60668 214.58275 235.50795 258.58338 284.03062 312.09373 343.04145 377.16969 414.80414 456.30322 502.06127 552.51207 608.13264 669.44745 737.03300 811.52283 893.61298 984.06797
30 199.02088 219.10144 241.33268 265.94644 293.19922 323.37475 356.78685 393.78246 434.74515 480.09878 530.31173 585.90138 647.43912 715.55585 790.94799 874.38411 966.71217 1068.86751 1181.88157

31 221.91317 245.29811 271.29261 300.18974 332.31511 368.03034 407.73701 451.88092 500.95692 555.51409 616.16161 683.57510 758.50377 841.77812 934.31863 1037.14517 1151.38748 1278.29667 1419.25788
32 247.32362 274.50739 304.84772 338.71346 376.51608 418.71444 465.82019 518.40365 577.10046 642.61878 715.74746 797.36500 888.44941 990.08929 1103.49598 1230.01703 1371.15110 1528.56452 1704.10946
33 275.52922 307.07574 342.42945 382.05265 426.46317 476.24089 532.03501 594.57218 664.66552 743.22469 831.26706 929.93022 1040.48581 1164.35492 1303.12526 1458.57018 1632.66981 1827.63460 2045.93135
34 306.83744 343.38945 384.52098 430.80923 482.90338 541.53341 607.51991 681.78515 765.36535 859.42451 965.26979 1084.36871 1218.36839 1369.11703 1538.68781 1729.40566 1943.87708 2185.02335 2456.11762
35 341.58955 383.87924 431.66350 485.66038 546.68082 615.64042 693.57270 781.64400 881.17016 993.63531 1120.71295 1264.28954 1426.49102 1609.71251 1816.65161 2050.34571 2314.21372 2612.10290 2948.34115

36 380.16441 429.02535 484.46312 547.36793 618.74933 699.75188 791.67288 895.98238 1014.34568 1148.64879 1301.02703 1473.89732 1669.99450 1892.41220 2144.64890 2430.65966 2754.91433 3122.46297 3539.00937
37 422.98249 479.36327 543.59869 616.78892 700.18674 795.21838 903.50708 1026.89982 1167.49753 1327.68935 1510.19135 1718.09038 1954.89356 2224.58433 2531.68570 2881.33170 3279.34805 3732.34325 4247.81125
38 470.51056 535.49004 609.83053 694.88753 792.21101 903.57286 1030.99808 1176.80030 1343.62216 1534.48120 1752.82197 2002.57529 2288.22547 2614.88659 2988.38913 3415.37806 3903.42418 4461.15018 5098.37350
39 523.26673 598.07140 684.01020 782.74847 896.19845 1026.55520 1176.33781 1348.43634 1546.16549 1773.32578 2034.27348 2334.00021 2678.22379 3073.49175 3527.29918 4048.22300 4646.07477 5332.07447 6119.04820
40 581.82607 667.84961 767.09142 881.59203 1013.70424 1166.14015 1342.02510 1544.95961 1779.09031 2049.19128 2360.75724 2720.11025 3134.52184 3612.35280 4163.21303 4798.14426 5529.82898 6372.82899 7343.85784
Table 3: Page 5 of 12
Future Value of an Annuity Due of $1

FVAD= $1(1+i)*[(1+i)^n-1]/i

n/i 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5

1 1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 1.06000 1.06500 1.07000 1.07500 1.08000 1.08500 1.09000 1.09500 1.10000 1.10500
2 2.01502 2.03010 2.04522 2.06040 2.07563 2.09090 2.10623 2.12160 2.13703 2.15250 2.16803 2.18360 2.19923 2.21490 2.23063 2.24640 2.26223 2.27810 2.29403 2.31000 2.32603
3 3.03010 3.06040 3.09090 3.12161 3.15252 3.18363 3.21494 3.24646 3.27819 3.31013 3.34227 3.37462 3.40717 3.43994 3.47292 3.50611 3.53951 3.57313 3.60696 3.64100 3.67526
4 4.05025 4.10101 4.15227 4.20404 4.25633 4.30914 4.36247 4.41632 4.47071 4.52563 4.58109 4.63709 4.69364 4.75074 4.80839 4.86660 4.92537 4.98471 5.04462 5.10510 5.16616
5 5.07550 5.15202 5.22955 5.30812 5.38774 5.46841 5.55015 5.63298 5.71689 5.80191 5.88805 5.97532 6.06373 6.15329 6.24402 6.33593 6.42903 6.52333 6.61886 6.71561 6.81361

6 6.10588 6.21354 6.32299 6.43428 6.54743 6.66246 6.77941 6.89829 7.01915 7.14201 7.26689 7.39384 7.52287 7.65402 7.78732 7.92280 8.06050 8.20043 8.34265 8.48717 8.63404
7 7.14141 7.28567 7.43284 7.58297 7.73612 7.89234 8.05169 8.21423 8.38001 8.54911 8.72157 8.89747 9.07686 9.25980 9.44637 9.63663 9.83064 10.02847 10.23020 10.43589 10.64561
8 8.18212 8.36853 8.55933 8.75463 8.95452 9.15911 9.36850 9.58280 9.80211 10.02656 10.25626 10.49132 10.73185 10.97799 11.22985 11.48756 11.75124 12.02104 12.29707 12.57948 12.86840
9 9.22803 9.46221 9.70272 9.94972 10.20338 10.46388 10.73139 11.00611 11.28821 11.57789 11.87535 12.18079 12.49442 12.81645 13.14709 13.48656 13.83510 14.19293 14.56029 14.93742 15.32458
10 10.27917 10.56683 10.86326 11.16872 11.48347 11.80780 12.14199 12.48635 12.84118 13.20679 13.58350 13.97164 14.37156 14.78360 15.20812 15.64549 16.09608 16.56029 17.03852 17.53117 18.03866

11 11.33556 11.68250 12.04121 12.41209 12.79555 13.19203 13.60196 14.02581 14.46403 14.91713 15.38559 15.86994 16.37071 16.88845 17.42373 17.97713 18.54925 19.14072 19.75218 20.38428 21.03772
12 12.39724 12.80933 13.23683 13.68033 14.14044 14.61779 15.11303 15.62684 16.15991 16.71298 17.28680 17.88214 18.49981 19.14064 19.80551 20.49530 21.21094 21.95338 22.72363 23.52271 24.35168
13 13.46423 13.94742 14.45038 14.97394 15.51895 16.08632 16.67699 17.29191 17.93211 18.59863 19.29257 20.01507 20.76730 21.55049 22.36592 23.21492 24.09887 25.01919 25.97738 26.97498 28.01361
14 14.53655 15.09690 15.68214 16.29342 16.93193 17.59891 18.29568 19.02359 19.78405 20.57856 21.40866 22.27597 23.18217 24.12902 25.11836 26.15211 27.23227 28.36092 29.54023 30.77248 32.06004
15 15.61423 16.25786 16.93237 17.63929 18.38022 19.15688 19.97103 20.82453 21.71934 22.65749 23.64114 24.67253 25.75401 26.88805 28.07724 29.32428 30.63201 32.00340 33.44155 34.94973 36.53134

16 16.69730 17.43044 18.20136 19.01207 19.86473 20.76159 21.70502 22.69751 23.74171 24.84037 25.99640 27.21288 28.49302 29.84022 31.25804 32.75023 34.32073 35.97370 37.71350 39.54470 41.47213
17 17.78579 18.61475 19.48938 20.41231 21.38635 22.41444 23.49969 24.64541 25.85508 27.13238 28.48120 29.90565 31.41007 32.99903 34.67739 36.45024 38.32300 40.30134 42.39128 44.59917 46.93170
18 18.87972 19.81090 20.79672 21.84056 22.94601 24.11687 25.35718 26.67123 28.06356 29.53900 31.10267 32.75999 34.51672 36.37896 38.35319 40.44626 42.66545 45.01846 47.51345 50.15909 52.96453
19 19.97912 21.01900 22.12367 23.29737 24.54466 25.87037 27.27968 28.77808 30.37142 32.06595 33.86832 35.78559 37.82531 39.99549 42.30468 44.76196 47.37701 50.16012 53.12223 56.27500 59.63081
20 21.08401 22.23919 23.47052 24.78332 26.18327 27.67649 29.26947 30.96920 32.78314 34.71925 36.78608 38.99273 41.34895 43.86518 46.55253 49.42292 52.48906 55.76453 59.26384 63.00250 66.99704

21 22.19443 23.47159 24.83758 26.29898 27.86286 29.53678 31.32890 33.24797 35.30338 37.50521 39.86431 42.39229 45.10164 48.00574 51.11897 54.45676 58.03563 61.87334 65.98891 70.40275 75.13673
22 23.31040 24.71630 26.22514 27.84496 29.58443 31.45288 33.46041 35.61789 37.93703 40.43048 43.11185 45.99583 49.09824 52.43614 56.02790 59.89330 64.05366 68.53194 73.35286 78.54302 84.13109
23 24.43196 25.97346 27.63352 29.42186 31.34904 33.42647 35.66653 38.08260 40.68920 43.50200 46.53800 49.81558 53.35463 57.17667 61.30499 65.76476 70.58322 75.78981 81.41638 87.49733 94.06985
24 25.55912 27.24320 29.06302 31.03030 33.15776 35.45926 37.94986 40.64591 43.56521 46.72710 50.15259 53.86451 57.88768 62.24904 66.97786 72.10594 77.66779 83.70090 90.24593 97.34706 105.05219
25 26.69191 28.52563 30.51397 32.67091 35.01171 37.55304 40.31310 43.31174 46.57064 50.11345 53.96598 58.15638 62.71538 67.67647 73.07620 78.95442 85.35455 92.32398 99.91430 108.18177 117.18767

26 27.83037 29.82089 31.98668 34.34432 36.91200 39.70963 42.75906 46.08421 49.71132 53.66913 57.98911 62.70577 67.85688 73.48382 79.63192 86.35077 93.69469 101.72313 110.50116 120.09994 130.59737
27 28.97452 31.12910 33.48148 36.05121 38.85980 41.93092 45.29063 48.96758 52.99333 57.40258 62.23351 67.52811 73.33257 79.69769 86.67931 94.33883 102.74374 111.96822 122.09377 133.20994 145.41510
28 30.12439 32.45039 34.99870 37.79223 40.85630 44.21885 47.91080 51.96629 56.42303 61.32271 66.71135 72.63980 79.16419 86.34653 94.25526 102.96594 112.56196 123.13536 134.78767 147.63093 161.78868
29 31.28002 33.78489 36.53868 39.56808 42.90270 46.57542 50.62268 55.08494 60.00707 65.43885 71.43548 78.05819 85.37486 93.46079 102.39940 112.28321 123.21473 135.30754 148.68750 163.49402 179.88149
30 32.44142 35.13274 38.10176 41.37944 45.00027 49.00268 53.42947 58.32834 63.75239 69.76079 76.41943 83.80168 91.98923 101.07304 111.15436 122.34587 134.77298 148.57522 163.90781 180.94342 199.87405

31 33.60862 36.49407 39.68829 43.22703 47.15028 51.50276 56.33450 61.70147 67.66625 74.29883 81.67750 89.88978 99.03353 109.21815 120.56593 133.21354 147.31368 163.03699 180.57406 200.13777 221.96583
32 34.78167 37.86901 41.29861 45.11157 49.35403 54.07784 59.34121 65.20953 71.75623 79.06377 87.22476 96.34316 106.53571 117.93343 130.68338 144.95062 160.92034 178.80032 198.82359 221.25154 246.37724
33 35.96058 39.25770 42.93309 47.03380 51.61289 56.73018 62.45315 68.85791 76.03026 84.06696 93.07712 103.18375 114.52553 127.25876 141.55963 157.62667 175.68357 195.98234 218.80683 244.47670 273.35185
34 37.14538 40.66028 44.59209 48.99448 53.92821 59.46208 65.67401 72.65222 80.49662 89.32031 99.25136 110.43478 123.03469 137.23688 153.25161 171.31680 191.70168 214.71075 240.68848 270.02437 303.15879
35 38.33610 42.07688 46.27597 50.99437 56.30141 62.27594 69.00760 76.59831 85.16397 94.83632 105.76519 118.12087 132.09695 147.91346 165.82048 186.10215 209.08132 235.12472 264.64889 298.12681 336.09547

36 39.53279 43.50765 47.98511 53.03425 58.73395 65.17422 72.45787 80.70225 90.04134 100.62814 112.63727 126.26812 141.74825 159.33740 179.33201 202.07032 227.93823 257.37595 290.88553 329.03949 372.49049
37 40.73545 44.95272 49.71989 55.11494 61.22730 68.15945 76.02889 84.97034 95.13820 106.70955 119.88732 134.90421 152.02688 171.56102 193.85691 219.31595 248.39798 281.62978 319.61466 363.04343 412.70699
38 41.94413 46.41225 51.48068 57.23724 63.78298 71.23423 79.72491 89.40915 100.46442 113.09502 127.53613 144.05846 162.97363 184.64029 209.47118 237.94122 270.59681 308.06646 351.07305 400.44778 457.14622
39 43.15885 47.88637 53.26789 59.40198 66.40255 74.40126 83.55028 94.02552 106.03032 119.79977 135.60561 153.76197 174.63192 198.63511 226.25652 258.05652 294.68254 336.88245 385.51999 441.59256 506.25158
40 44.37964 49.37524 55.08191 61.61002 69.08762 77.66330 87.50954 98.82654 111.84669 126.83976 144.11892 164.04768 187.04799 213.60957 244.30076 279.78104 320.81555 368.29187 423.23939 486.85181 560.51299
Table 3: Page 6 of 12
Future Value of an Annuity Due of $1

FVAD= $1(1+i)*[(1+i)^n-1]/i

n/i 11 11.5 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20

1 1.11000 1.11500 1.12000 1.12500 1.13000 1.13500 1.14000 1.14500 1.15000 1.15500 1.16000 1.16500 1.17000 1.17500 1.18000 1.18500 1.19000 1.19500 1.20000
2 2.34210 2.35823 2.37440 2.39063 2.40690 2.42323 2.43960 2.45603 2.47250 2.48903 2.50560 2.52223 2.53890 2.55563 2.57240 2.58923 2.60610 2.62303 2.64000
3 3.70973 3.74442 3.77933 3.81445 3.84980 3.88536 3.92114 3.95715 3.99338 4.02982 4.06650 4.10339 4.14051 4.17786 4.21543 4.25323 4.29126 4.32951 4.36800
4 5.22780 5.29003 5.35285 5.41626 5.48027 5.54488 5.61010 5.67594 5.74238 5.80945 5.87714 5.94545 6.01440 6.08398 6.15421 6.22508 6.29660 6.36877 6.44160
5 6.91286 7.01338 7.11519 7.21829 7.32271 7.42844 7.53552 7.64395 7.75374 7.86491 7.97748 8.09145 8.20685 8.32368 8.44197 8.56172 8.68295 8.80568 8.92992

6 8.78327 8.93492 9.08901 9.24558 9.40466 9.56628 9.73049 9.89732 10.06680 10.23897 10.41387 10.59154 10.77201 10.95533 11.14152 11.33064 11.52271 11.71779 11.91590
7 10.85943 11.07744 11.29969 11.52628 11.75726 11.99273 12.23276 12.47743 12.72682 12.98101 13.24009 13.50415 13.77325 14.04751 14.32700 14.61181 14.90203 15.19776 15.49908
8 13.16397 13.46634 13.77566 14.09206 14.41571 14.74675 15.08535 15.43166 15.78584 16.14807 16.51851 16.89733 17.28471 17.68082 18.08585 18.49999 18.92341 19.35632 19.79890
9 15.72201 16.12997 16.54874 16.97857 17.41975 17.87256 18.33730 18.81425 19.30372 19.80602 20.32147 20.85039 21.39311 21.94997 22.52131 23.10749 23.70886 24.32580 24.95868
10 18.56143 19.09992 19.65458 20.22589 20.81432 21.42036 22.04452 22.68731 23.34928 24.03095 24.73290 25.45570 26.19994 26.96621 27.75514 28.56737 29.40355 30.26433 31.15042

11 21.71319 22.41141 23.13313 23.87913 24.65018 25.44711 26.27075 27.12197 28.00167 28.91075 29.85017 30.82089 31.82393 32.86030 33.93107 35.03734 36.18022 37.36088 38.58050
12 25.21164 26.10372 27.02911 27.98902 28.98470 30.01746 31.08865 32.19966 33.35192 34.54692 35.78620 37.07134 38.40399 39.78585 41.21866 42.70424 44.24446 45.84125 47.49660
13 29.09492 30.22065 31.39260 32.61264 33.88271 35.20482 36.58107 38.01361 39.50471 41.05669 42.67199 44.35311 46.10267 47.92337 49.81802 51.78953 53.84091 55.97529 58.19592
14 33.40536 34.81102 36.27971 37.81422 39.41746 41.09247 42.84241 44.67058 46.58041 48.57548 50.65951 52.83638 55.11013 57.48496 59.96527 62.55559 65.26068 68.08547 71.03511
15 38.18995 39.92929 41.75328 43.66600 45.67173 47.77496 49.98035 52.29282 54.71747 57.25968 59.92503 62.71938 65.64885 68.71983 71.93901 75.31338 78.85021 82.55714 86.44213

16 43.50084 45.63616 47.88367 50.24925 52.73906 55.35958 58.11760 61.02027 64.07509 67.28993 70.67303 74.23307 77.97915 81.92080 86.06804 90.43135 95.02175 99.85079 104.93056
17 49.39594 51.99932 54.74971 57.65541 60.72514 63.96812 67.39407 71.01321 74.83636 78.87486 83.14072 87.64653 92.40561 97.43194 102.74028 108.34615 114.26588 120.51669 127.11667
18 55.93949 59.09424 62.43968 65.98733 69.74941 73.73882 77.96923 82.45513 87.21181 92.25547 97.60323 103.27321 109.28456 115.65753 122.41353 129.57519 137.16640 145.21244 153.74000
19 63.20283 67.00508 71.05244 75.36075 79.94683 84.82856 90.02493 95.55612 101.44358 107.71007 114.37975 121.47829 129.03294 137.07260 145.62797 154.73160 164.41802 174.72387 185.68800
20 71.26514 75.82566 80.69874 85.90584 91.46992 97.41541 103.76842 110.55676 117.81012 125.56013 133.84051 142.68721 152.13854 162.23531 173.02100 184.54194 196.84744 209.99002 224.02560

21 80.21431 85.66062 91.50258 97.76908 104.49101 111.70149 119.43600 127.73249 136.63164 146.17695 156.41499 167.39560 179.17209 191.80149 205.34479 219.86720 235.43846 252.13308 270.03072
22 90.14788 96.62659 103.60289 111.11521 119.20484 127.91619 137.29704 147.39871 158.27638 169.98937 182.60138 196.18087 210.80134 226.54175 243.48685 261.72763 281.36176 302.49403 325.23686
23 101.17415 108.85364 117.15524 126.12961 135.83147 146.31988 157.65862 169.91652 183.16784 197.49272 212.97761 229.71571 247.80757 267.36155 288.49448 311.33225 336.01050 362.67536 391.48424
24 113.41331 122.48681 132.33387 143.02081 154.61956 167.20806 180.87083 195.69941 211.79302 229.25910 248.21402 268.78381 291.10486 315.32482 341.60349 370.11371 401.04249 434.59206 470.98108
25 126.99877 137.68780 149.33393 162.02341 175.85010 190.91615 207.33274 225.22083 244.71197 265.94926 289.08827 314.29813 341.76268 371.68167 404.27211 439.76975 478.43056 520.53251 566.37730

26 142.07864 154.63689 168.37401 183.40134 199.84061 217.82483 237.49933 259.02285 282.56877 308.32639 336.50239 367.32233 401.03234 437.90096 478.22109 522.31215 570.52237 623.23135 680.85276
27 158.81729 173.53513 189.69889 207.45151 226.94989 248.36618 271.88923 297.72616 326.10408 357.27198 391.50277 429.09551 470.37783 515.70863 565.48089 620.12490 680.11162 745.95647 818.22331
28 177.39719 194.60668 213.58275 234.50795 257.58338 283.03062 311.09373 342.04145 376.16969 413.80414 455.30322 501.06127 551.51207 607.13264 668.44745 736.03300 810.52283 892.61298 983.06797
29 198.02088 218.10144 240.33268 264.94644 292.19922 322.37475 355.78685 392.78246 433.74515 479.09878 529.31173 584.90138 646.43912 714.55585 789.94799 873.38411 965.71217 1067.86751 1180.88157
30 220.91317 244.29811 270.29261 299.18974 331.31511 367.03034 406.73701 450.88092 499.95692 554.51409 615.16161 682.57510 757.50377 840.77812 933.31863 1036.14517 1150.38748 1277.29667 1418.25788

31 246.32362 273.50739 303.84772 337.71346 375.51608 417.71444 464.82019 517.40365 576.10046 641.61878 714.74746 796.36500 887.44941 989.08929 1102.49598 1229.01703 1370.15110 1527.56452 1703.10946
32 274.52922 306.07574 341.42945 381.05265 425.46317 475.24089 531.03501 593.57218 663.66552 742.22469 830.26706 928.93022 1039.48581 1163.35492 1302.12526 1457.57018 1631.66981 1826.63460 2044.93135
33 305.83744 342.38945 383.52098 429.80923 481.90338 540.53341 606.51991 680.78515 764.36535 858.42451 964.26979 1083.36871 1217.36839 1368.11703 1537.68781 1728.40566 1942.87708 2184.02335 2455.11762
34 340.58955 382.87924 430.66350 484.66038 545.68082 614.64042 692.57270 780.64400 880.17016 992.63531 1119.71295 1263.28954 1425.49102 1608.71251 1815.65161 2049.34571 2313.21372 2611.10290 2947.34115
35 379.16441 428.02535 483.46312 546.36793 617.74933 698.75188 790.67288 894.98238 1013.34568 1147.64879 1300.02703 1472.89732 1668.99450 1891.41220 2143.64890 2429.65966 2753.91433 3121.46297 3538.00937

36 421.98249 478.36327 542.59869 615.78892 699.18674 794.21838 902.50708 1025.89982 1166.49753 1326.68935 1509.19135 1717.09038 1953.89356 2223.58433 2530.68570 2880.33170 3278.34805 3731.34325 4246.81125
37 469.51056 534.49004 608.83053 693.88753 791.21101 902.57286 1029.99808 1175.80030 1342.62216 1533.48120 1751.82197 2001.57529 2287.22547 2613.88659 2987.38913 3414.37806 3902.42418 4460.15018 5097.37350
38 522.26673 597.07140 683.01020 781.74847 895.19845 1025.55520 1175.33781 1347.43634 1545.16549 1772.32578 2033.27348 2333.00021 2677.22379 3072.49175 3526.29918 4047.22300 4645.07477 5331.07447 6118.04820
39 580.82607 666.84961 766.09142 880.59203 1012.70424 1165.14015 1341.02510 1543.95961 1778.09031 2048.19128 2359.75724 2719.11025 3133.52184 3611.35280 4162.21303 4797.14426 5528.82898 6371.82899 7342.85784
40 645.82693 744.65231 859.14239 991.79104 1145.48579 1323.56907 1529.90861 1768.97875 2045.95385 2366.81593 2738.47840 3168.92844 3667.39055 4244.51454 4912.59137 5685.80095 6580.49649 7615.53064 8812.62941
Table 4: Page 7 of 12
Present Value of $1

PV= $1/(1+i)^n

n/i 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5 11 11.5

1 0.99502 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 0.93023 0.92593 0.92166 0.91743 0.91324 0.90909 0.90498 0.90090 0.89686
2 0.99007 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 0.89845 0.89000 0.88166 0.87344 0.86533 0.85734 0.84946 0.84168 0.83401 0.82645 0.81898 0.81162 0.80436
3 0.98515 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.86384 0.85161 0.83962 0.82785 0.81630 0.80496 0.79383 0.78291 0.77218 0.76165 0.75131 0.74116 0.73119 0.72140
4 0.98025 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 0.80722 0.79209 0.77732 0.76290 0.74880 0.73503 0.72157 0.70843 0.69557 0.68301 0.67073 0.65873 0.64699
5 0.97537 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 0.76513 0.74726 0.72988 0.71299 0.69656 0.68058 0.66505 0.64993 0.63523 0.62092 0.60700 0.59345 0.58026

6 0.97052 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.68533 0.66634 0.64796 0.63017 0.61295 0.59627 0.58012 0.56447 0.54932 0.53464 0.52042
7 0.96569 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.64351 0.62275 0.60275 0.58349 0.56493 0.54703 0.52979 0.51316 0.49712 0.48166 0.46674
8 0.96089 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.60423 0.58201 0.56070 0.54027 0.52067 0.50187 0.48382 0.46651 0.44989 0.43393 0.41860
9 0.95610 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.61763 0.59190 0.56735 0.54393 0.52158 0.50025 0.47988 0.46043 0.44185 0.42410 0.40714 0.39092 0.37543
10 0.95135 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0.55839 0.53273 0.50835 0.48519 0.46319 0.44229 0.42241 0.40351 0.38554 0.36845 0.35218 0.33671

11 0.94661 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.50021 0.47509 0.45134 0.42888 0.40764 0.38753 0.36851 0.35049 0.33344 0.31728 0.30198
12 0.94191 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 0.52598 0.49697 0.46968 0.44401 0.41985 0.39711 0.37570 0.35553 0.33654 0.31863 0.30175 0.28584 0.27083
13 0.93722 0.87866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 0.46884 0.44102 0.41496 0.39056 0.36770 0.34627 0.32618 0.30734 0.28966 0.27308 0.25751 0.24290
14 0.93256 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 0.47257 0.44230 0.41410 0.38782 0.36331 0.34046 0.31914 0.29925 0.28067 0.26333 0.24713 0.23199 0.21785
15 0.92792 0.86135 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 0.44793 0.41727 0.38883 0.36245 0.33797 0.31524 0.29414 0.27454 0.25632 0.23939 0.22365 0.20900 0.19538

16 0.92330 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.36510 0.33873 0.31439 0.29189 0.27110 0.25187 0.23409 0.21763 0.20240 0.18829 0.17523
17 0.91871 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 0.51337 0.47318 0.43630 0.40245 0.37136 0.34281 0.31657 0.29245 0.27027 0.24986 0.23107 0.21378 0.19784 0.18316 0.16963 0.15715
18 0.91414 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 0.38147 0.35034 0.32189 0.29586 0.27205 0.25025 0.23028 0.21199 0.19523 0.17986 0.16576 0.15282 0.14095
19 0.90959 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.30224 0.27651 0.25307 0.23171 0.21224 0.19449 0.17829 0.16351 0.15001 0.13768 0.12641
20 0.90506 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.28380 0.25842 0.23541 0.21455 0.19562 0.17843 0.16282 0.14864 0.13575 0.12403 0.11337

21 0.90056 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.26648 0.24151 0.21899 0.19866 0.18029 0.16370 0.14870 0.13513 0.12285 0.11174 0.10168
22 0.89608 0.80340 0.72069 0.64684 0.58086 0.52189 0.46915 0.42196 0.37970 0.34185 0.30793 0.27751 0.25021 0.22571 0.20371 0.18394 0.16617 0.15018 0.13580 0.12285 0.11118 0.10067 0.09119
23 0.89162 0.79544 0.71004 0.63416 0.56670 0.50669 0.45329 0.40573 0.36335 0.32557 0.29187 0.26180 0.23494 0.21095 0.18950 0.17032 0.15315 0.13778 0.12402 0.11168 0.10062 0.09069 0.08179
24 0.88719 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 0.34770 0.31007 0.27666 0.24698 0.22060 0.19715 0.17628 0.15770 0.14115 0.12640 0.11326 0.10153 0.09106 0.08170 0.07335
25 0.88277 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 0.37512 0.33273 0.29530 0.26223 0.23300 0.20714 0.18425 0.16398 0.14602 0.13009 0.11597 0.10343 0.09230 0.08240 0.07361 0.06579

26 0.87838 0.77205 0.67902 0.59758 0.52623 0.46369 0.40884 0.36069 0.31840 0.28124 0.24856 0.21981 0.19450 0.17220 0.15254 0.13520 0.11990 0.10639 0.09446 0.08391 0.07457 0.06631 0.05900
27 0.87401 0.76440 0.66899 0.58586 0.51340 0.45019 0.39501 0.34682 0.30469 0.26785 0.23560 0.20737 0.18263 0.16093 0.14190 0.12519 0.11051 0.09761 0.08626 0.07628 0.06749 0.05974 0.05291
28 0.86966 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 0.33348 0.29157 0.25509 0.22332 0.19563 0.17148 0.15040 0.13200 0.11591 0.10185 0.08955 0.07878 0.06934 0.06107 0.05382 0.04746
29 0.86533 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.16101 0.14056 0.12279 0.10733 0.09387 0.08215 0.07194 0.06304 0.05527 0.04849 0.04256
30 0.86103 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.26700 0.23138 0.20064 0.17411 0.15119 0.13137 0.11422 0.09938 0.08652 0.07537 0.06570 0.05731 0.05002 0.04368 0.03817

31 0.85675 0.73458 0.63031 0.54125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.14196 0.12277 0.10625 0.09202 0.07974 0.06915 0.06000 0.05210 0.04527 0.03935 0.03424
32 0.85248 0.72730 0.62099 0.53063 0.45377 0.38834 0.33259 0.28506 0.24450 0.20987 0.18027 0.15496 0.13329 0.11474 0.09884 0.08520 0.07349 0.06344 0.05480 0.04736 0.04096 0.03545 0.03070
33 0.84824 0.72010 0.61182 0.52023 0.44270 0.37703 0.32134 0.27409 0.23397 0.19987 0.17087 0.14619 0.12516 0.10723 0.09194 0.07889 0.06774 0.05820 0.05004 0.04306 0.03707 0.03194 0.02754
34 0.84402 0.71297 0.60277 0.51003 0.43191 0.36604 0.31048 0.26355 0.22390 0.19035 0.16196 0.13791 0.11752 0.10022 0.08553 0.07305 0.06243 0.05339 0.04570 0.03914 0.03355 0.02878 0.02470
35 0.83982 0.70591 0.59387 0.50003 0.42137 0.35538 0.29998 0.25342 0.21425 0.18129 0.15352 0.13011 0.11035 0.09366 0.07956 0.06763 0.05754 0.04899 0.04174 0.03558 0.03036 0.02592 0.02215

36 0.83564 0.69892 0.58509 0.49022 0.41109 0.34503 0.28983 0.24367 0.20503 0.17266 0.14552 0.12274 0.10361 0.08754 0.07401 0.06262 0.05303 0.04494 0.03811 0.03235 0.02748 0.02335 0.01987
37 0.83149 0.69200 0.57644 0.48061 0.40107 0.33498 0.28003 0.23430 0.19620 0.16444 0.13793 0.11579 0.09729 0.08181 0.06885 0.05799 0.04888 0.04123 0.03481 0.02941 0.02487 0.02104 0.01782
38 0.82735 0.68515 0.56792 0.47119 0.39128 0.32523 0.27056 0.22529 0.18775 0.15661 0.13074 0.10924 0.09135 0.07646 0.06404 0.05369 0.04505 0.03783 0.03179 0.02673 0.02250 0.01896 0.01598
39 0.82323 0.67837 0.55953 0.46195 0.38174 0.31575 0.26141 0.21662 0.17967 0.14915 0.12392 0.10306 0.08578 0.07146 0.05958 0.04971 0.04152 0.03470 0.02903 0.02430 0.02036 0.01708 0.01433
40 0.81914 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.08054 0.06678 0.05542 0.04603 0.03827 0.03184 0.02651 0.02209 0.01843 0.01538 0.01285
Table 4: Page 8 of 12
Present Value of $1

PV= $1/(1+i)^n

n/i 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20

1 0.89286 0.88889 0.88496 0.88106 0.87719 0.87336 0.86957 0.86580 0.86207 0.85837 0.85470 0.85106 0.84746 0.84388 0.84034 0.83682 0.83333
2 0.79719 0.79012 0.78315 0.77626 0.76947 0.76276 0.75614 0.74961 0.74316 0.73680 0.73051 0.72431 0.71818 0.71214 0.70616 0.70027 0.69444
3 0.71178 0.70233 0.69305 0.68393 0.67497 0.66617 0.65752 0.64901 0.64066 0.63244 0.62437 0.61643 0.60863 0.60096 0.59342 0.58600 0.57870
4 0.63552 0.62430 0.61332 0.60258 0.59208 0.58181 0.57175 0.56192 0.55229 0.54287 0.53365 0.52462 0.51579 0.50714 0.49867 0.49038 0.48225
5 0.56743 0.55493 0.54276 0.53091 0.51937 0.50813 0.49718 0.48651 0.47611 0.46598 0.45611 0.44649 0.43711 0.42796 0.41905 0.41036 0.40188

6 0.50663 0.49327 0.48032 0.46776 0.45559 0.44378 0.43233 0.42122 0.41044 0.39999 0.38984 0.37999 0.37043 0.36115 0.35214 0.34339 0.33490
7 0.45235 0.43846 0.42506 0.41213 0.39964 0.38758 0.37594 0.36469 0.35383 0.34334 0.33320 0.32340 0.31393 0.30477 0.29592 0.28736 0.27908
8 0.40388 0.38974 0.37616 0.36311 0.35056 0.33850 0.32690 0.31575 0.30503 0.29471 0.28478 0.27523 0.26604 0.25719 0.24867 0.24047 0.23257
9 0.36061 0.34644 0.33288 0.31992 0.30751 0.29563 0.28426 0.27338 0.26295 0.25297 0.24340 0.23424 0.22546 0.21704 0.20897 0.20123 0.19381
10 0.32197 0.30795 0.29459 0.28187 0.26974 0.25819 0.24718 0.23669 0.22668 0.21714 0.20804 0.19935 0.19106 0.18315 0.17560 0.16839 0.16151

11 0.28748 0.27373 0.26070 0.24834 0.23662 0.22550 0.21494 0.20493 0.19542 0.18639 0.17781 0.16966 0.16192 0.15456 0.14757 0.14091 0.13459
12 0.25668 0.24332 0.23071 0.21880 0.20756 0.19694 0.18691 0.17743 0.16846 0.15999 0.15197 0.14439 0.13722 0.13043 0.12400 0.11792 0.11216
13 0.22917 0.21628 0.20416 0.19278 0.18207 0.17200 0.16253 0.15362 0.14523 0.13733 0.12989 0.12289 0.11629 0.11007 0.10421 0.09868 0.09346
14 0.20462 0.19225 0.18068 0.16985 0.15971 0.15022 0.14133 0.13300 0.12520 0.11788 0.11102 0.10459 0.09855 0.09288 0.08757 0.08258 0.07789
15 0.18270 0.17089 0.15989 0.14964 0.14010 0.13120 0.12289 0.11515 0.10793 0.10118 0.09489 0.08901 0.08352 0.07838 0.07359 0.06910 0.06491

16 0.16312 0.15190 0.14150 0.13185 0.12289 0.11458 0.10686 0.09970 0.09304 0.08685 0.08110 0.07575 0.07078 0.06615 0.06184 0.05782 0.05409
17 0.14564 0.13502 0.12522 0.11616 0.10780 0.10007 0.09293 0.08632 0.08021 0.07455 0.06932 0.06447 0.05998 0.05582 0.05196 0.04839 0.04507
18 0.13004 0.12002 0.11081 0.10235 0.09456 0.08740 0.08081 0.07474 0.06914 0.06399 0.05925 0.05487 0.05083 0.04711 0.04367 0.04049 0.03756
19 0.11611 0.10668 0.09806 0.09017 0.08295 0.07633 0.07027 0.06471 0.05961 0.05493 0.05064 0.04670 0.04308 0.03975 0.03670 0.03389 0.03130
20 0.10367 0.09483 0.08678 0.07945 0.07276 0.06666 0.06110 0.05602 0.05139 0.04715 0.04328 0.03974 0.03651 0.03355 0.03084 0.02836 0.02608

21 0.09256 0.08429 0.07680 0.07000 0.06383 0.05822 0.05313 0.04850 0.04430 0.04047 0.03699 0.03382 0.03094 0.02831 0.02591 0.02373 0.02174
22 0.08264 0.07493 0.06796 0.06167 0.05599 0.05085 0.04620 0.04199 0.03819 0.03474 0.03162 0.02879 0.02622 0.02389 0.02178 0.01986 0.01811
23 0.07379 0.06660 0.06014 0.05434 0.04911 0.04441 0.04017 0.03636 0.03292 0.02982 0.02702 0.02450 0.02222 0.02016 0.01830 0.01662 0.01509
24 0.06588 0.05920 0.05323 0.04787 0.04308 0.03879 0.03493 0.03148 0.02838 0.02560 0.02310 0.02085 0.01883 0.01701 0.01538 0.01390 0.01258
25 0.05882 0.05262 0.04710 0.04218 0.03779 0.03387 0.03038 0.02726 0.02447 0.02197 0.01974 0.01774 0.01596 0.01436 0.01292 0.01164 0.01048

26 0.05252 0.04678 0.04168 0.03716 0.03315 0.02958 0.02642 0.02360 0.02109 0.01886 0.01687 0.01510 0.01352 0.01211 0.01086 0.00974 0.00874
27 0.04689 0.04158 0.03689 0.03274 0.02908 0.02584 0.02297 0.02043 0.01818 0.01619 0.01442 0.01285 0.01146 0.01022 0.00912 0.00815 0.00728
28 0.04187 0.03696 0.03264 0.02885 0.02551 0.02257 0.01997 0.01769 0.01567 0.01390 0.01233 0.01094 0.00971 0.00863 0.00767 0.00682 0.00607
29 0.03738 0.03285 0.02889 0.02542 0.02237 0.01971 0.01737 0.01532 0.01351 0.01193 0.01053 0.00931 0.00823 0.00728 0.00644 0.00571 0.00506
30 0.03338 0.02920 0.02557 0.02239 0.01963 0.01721 0.01510 0.01326 0.01165 0.01024 0.00900 0.00792 0.00697 0.00614 0.00541 0.00477 0.00421

31 0.02980 0.02596 0.02262 0.01973 0.01722 0.01503 0.01313 0.01148 0.01004 0.00879 0.00770 0.00674 0.00591 0.00518 0.00455 0.00400 0.00351
32 0.02661 0.02307 0.02002 0.01738 0.01510 0.01313 0.01142 0.00994 0.00866 0.00754 0.00658 0.00574 0.00501 0.00438 0.00382 0.00334 0.00293
33 0.02376 0.02051 0.01772 0.01532 0.01325 0.01147 0.00993 0.00861 0.00746 0.00648 0.00562 0.00488 0.00425 0.00369 0.00321 0.00280 0.00244
34 0.02121 0.01823 0.01568 0.01349 0.01162 0.01001 0.00864 0.00745 0.00643 0.00556 0.00480 0.00416 0.00360 0.00312 0.00270 0.00234 0.00203
35 0.01894 0.01621 0.01388 0.01189 0.01019 0.00875 0.00751 0.00645 0.00555 0.00477 0.00411 0.00354 0.00305 0.00263 0.00227 0.00196 0.00169

36 0.01691 0.01440 0.01228 0.01047 0.00894 0.00764 0.00653 0.00559 0.00478 0.00410 0.00351 0.00301 0.00258 0.00222 0.00191 0.00164 0.00141
37 0.01510 0.01280 0.01087 0.00923 0.00784 0.00667 0.00568 0.00484 0.00412 0.00352 0.00300 0.00256 0.00219 0.00187 0.00160 0.00137 0.00118
38 0.01348 0.01138 0.00962 0.00813 0.00688 0.00583 0.00494 0.00419 0.00355 0.00302 0.00256 0.00218 0.00186 0.00158 0.00135 0.00115 0.00098
39 0.01204 0.01012 0.00851 0.00716 0.00604 0.00509 0.00429 0.00362 0.00306 0.00259 0.00219 0.00186 0.00157 0.00133 0.00113 0.00096 0.00082
40 0.01075 0.00899 0.00753 0.00631 0.00529 0.00444 0.00373 0.00314 0.00264 0.00222 0.00187 0.00158 0.00133 0.00113 0.00095 0.00080 0.00068
Table 5: Page 9 of 12
Present Value of an Ordinary Annuity of $1

PVA= $1*[1-1/(1+i)^n]/i

n/i 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5

1 0.99502 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 0.93023 0.92593 0.92166 0.91743 0.91324 0.90909 0.90498
2 1.98510 1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88609 1.87267 1.85941 1.84632 1.83339 1.82063 1.80802 1.79557 1.78326 1.77111 1.75911 1.74725 1.73554 1.72396
3 2.97025 2.94099 2.91220 2.88388 2.85602 2.82861 2.80164 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432 2.60053 2.57710 2.55402 2.53129 2.50891 2.48685 2.46512
4 3.95050 3.90197 3.85438 3.80773 3.76197 3.71710 3.67308 3.62990 3.58753 3.54595 3.50515 3.46511 3.42580 3.38721 3.34933 3.31213 3.27560 3.23972 3.20448 3.16987 3.13586
5 4.92587 4.85343 4.78264 4.71346 4.64583 4.57971 4.51505 4.45182 4.38998 4.32948 4.27028 4.21236 4.15568 4.10020 4.04588 3.99271 3.94064 3.88965 3.83971 3.79079 3.74286

6 5.89638 5.79548 5.69719 5.60143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 4.91732 4.84101 4.76654 4.69385 4.62288 4.55359 4.48592 4.41983 4.35526 4.29218
7 6.86207 6.72819 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 5.38929 5.29660 5.20637 5.11851 5.03295 4.94961 4.86842 4.78930
8 7.82296 7.65168 7.48593 7.32548 7.17014 7.01969 6.87396 6.73274 6.59589 6.46321 6.33457 6.20979 6.08875 5.97130 5.85730 5.74664 5.63918 5.53482 5.43344 5.33493 5.23919
9 8.77906 8.56602 8.36052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 6.95220 6.80169 6.65610 6.51523 6.37889 6.24689 6.11906 5.99525 5.87528 5.75902 5.64632
10 9.73041 9.47130 9.22218 8.98259 8.75206 8.53020 8.31661 8.11090 7.91272 7.72173 7.53763 7.36009 7.18883 7.02358 6.86408 6.71008 6.56135 6.41766 6.27880 6.14457 6.01477

11 10.67703 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52892 8.30641 8.09254 7.88687 7.68904 7.49867 7.31542 7.13896 6.96898 6.80519 6.64730 6.49506 6.34821
12 11.61893 11.25508 10.90751 10.57534 10.25776 9.95400 9.66333 9.38507 9.11858 8.86325 8.61852 8.38384 8.15873 7.94269 7.73528 7.53608 7.34469 7.16073 6.98384 6.81369 6.64996
13 12.55615 12.13374 11.73153 11.34837 10.98318 10.63496 10.30274 9.98565 9.68285 9.39357 9.11708 8.85268 8.59974 8.35765 8.12584 7.90378 7.69095 7.48690 7.29118 7.10336 6.92304
14 13.48871 13.00370 12.54338 12.10625 11.69091 11.29607 10.92052 10.56312 10.22283 9.89864 9.58965 9.29498 9.01384 8.74547 8.48915 8.24424 8.01010 7.78615 7.57185 7.36669 7.17018
15 14.41662 13.86505 13.34323 12.84926 12.38138 11.93794 11.51741 11.11839 10.73955 10.37966 10.03758 9.71225 9.40267 9.10791 8.82712 8.55948 8.30424 8.06069 7.82818 7.60608 7.39382

16 15.33993 14.71787 14.13126 13.57771 13.05500 12.56110 12.09412 11.65230 11.23402 10.83777 10.46216 10.10590 9.76776 9.44665 9.14151 8.85137 8.57533 8.31256 8.06226 7.82371 7.59622
17 16.25863 15.56225 14.90765 14.29187 13.71220 13.16612 12.65132 12.16567 11.70719 11.27407 10.86461 10.47726 10.11058 9.76322 9.43396 9.12164 8.82519 8.54363 8.27604 8.02155 7.77939
18 17.17277 16.39827 15.67256 14.99203 14.35336 13.75351 13.18968 12.65930 12.15999 11.68959 11.24607 10.82760 10.43247 10.05909 9.70601 9.37189 9.05548 8.75563 8.47127 8.20141 7.94515
19 18.08236 17.22601 16.42617 15.67846 14.97889 14.32380 13.70984 13.13394 12.59329 12.08532 11.60765 11.15812 10.73471 10.33560 9.95908 9.60360 9.26772 8.95011 8.64956 8.36492 8.09515
20 18.98742 18.04555 17.16864 16.35143 15.58916 14.87747 14.21240 13.59033 13.00794 12.46221 11.95038 11.46992 11.01851 10.59401 10.19449 9.81815 9.46334 9.12855 8.81238 8.51356 8.23091

21 19.88798 18.85698 17.90014 17.01121 16.18455 15.41502 14.69797 14.02916 13.40472 12.82115 12.27524 11.76408 11.28498 10.83553 10.41348 10.01680 9.64363 9.29224 8.96108 8.64869 8.35376
22 20.78406 19.66038 18.62082 17.65805 16.76541 15.93692 15.16712 14.45112 13.78442 13.16300 12.58317 12.04158 11.53520 11.06124 10.61719 10.20074 9.80980 9.44243 9.09688 8.77154 8.46494
23 21.67568 20.45582 19.33086 18.29220 17.33211 16.44361 15.62041 14.85684 14.14777 13.48857 12.87504 12.30338 11.77014 11.27219 10.80669 10.37106 9.96295 9.58021 9.22089 8.88322 8.56556
24 22.56287 21.24339 20.03041 18.91393 17.88499 16.93554 16.05837 15.24696 14.49548 13.79864 13.15170 12.55036 11.99074 11.46933 10.98297 10.52876 10.10410 9.70661 9.33415 8.98474 8.65662
25 23.44564 22.02316 20.71961 19.52346 18.42438 17.41315 16.48151 15.62208 14.82821 14.09394 13.41393 12.78336 12.19788 11.65358 11.14695 10.67478 10.23419 9.82258 9.43758 9.07704 8.73902

26 24.32402 22.79520 21.39863 20.12104 18.95061 17.87684 16.89035 15.98277 15.14661 14.37519 13.66250 13.00317 12.39237 11.82578 11.29948 10.80998 10.35409 9.92897 9.53203 9.16095 8.81359
27 25.19803 23.55961 22.06762 20.70690 19.46401 18.32703 17.28536 16.32959 15.45130 14.64303 13.89810 13.21053 12.57500 11.98671 11.44138 10.93516 10.46460 10.02658 9.61830 9.23722 8.88108
28 26.06769 24.31644 22.72672 21.28127 19.96489 18.76411 17.66702 16.66306 15.74287 14.89813 14.12142 13.40616 12.74648 12.13711 11.57338 11.05108 10.56645 10.11613 9.69707 9.30657 8.94215
29 26.93302 25.06579 23.37608 21.84438 20.45355 19.18845 18.03577 16.98371 16.02189 15.14107 14.33310 13.59072 12.90749 12.27767 11.69617 11.15841 10.66033 10.19828 9.76902 9.36961 8.99742
30 27.79405 25.80771 24.01584 22.39646 20.93029 19.60044 18.39205 17.29203 16.28889 15.37245 14.53375 13.76483 13.05868 12.40904 11.81039 11.25778 10.74684 10.27365 9.83472 9.42691 9.04744

31 28.65080 26.54229 24.64615 22.93770 21.39541 20.00043 18.73628 17.58849 16.54439 15.59281 14.72393 13.92909 13.20063 12.53181 11.91664 11.34980 10.82658 10.34280 9.89472 9.47901 9.09271
32 29.50328 27.26959 25.26714 23.46833 21.84918 20.38877 19.06887 17.87355 16.78889 15.80268 14.90420 14.08404 13.33393 12.64656 12.01548 11.43500 10.90008 10.40624 9.94952 9.52638 9.13367
33 30.35153 27.98969 25.87895 23.98856 22.29188 20.76579 19.39021 18.14765 17.02286 16.00255 15.07507 14.23023 13.45909 12.75379 12.10742 11.51389 10.96781 10.46444 9.99956 9.56943 9.17074
34 31.19555 28.70267 26.48173 24.49859 22.72379 21.13184 19.70068 18.41120 17.24676 16.19290 15.23703 14.36814 13.57661 12.85401 12.19295 11.58693 11.03024 10.51784 10.04526 9.60857 9.20429
35 32.03537 29.40858 27.07559 24.99862 23.14516 21.48722 20.00066 18.66461 17.46101 16.37419 15.39055 14.49825 13.68696 12.94767 12.27251 11.65457 11.08778 10.56682 10.08699 9.64416 9.23465

36 32.87102 30.10751 27.66068 25.48884 23.55625 21.83225 20.29049 18.90828 17.66604 16.54685 15.53607 14.62099 13.79057 13.03521 12.34652 11.71719 11.14081 10.61176 10.12511 9.67651 9.26213
37 33.70250 30.79951 28.23713 25.96945 23.95732 22.16724 20.57053 19.14258 17.86224 16.71129 15.67400 14.73678 13.88786 13.11702 12.41537 11.77518 11.18969 10.65299 10.15992 9.70592 9.28700
38 34.52985 31.48466 28.80505 26.44064 24.34860 22.49246 20.84109 19.36786 18.04999 16.86789 15.80474 14.84602 13.97921 13.19347 12.47941 11.82887 11.23474 10.69082 10.19171 9.73265 9.30950
39 35.35309 32.16303 29.36458 26.90259 24.73034 22.80822 21.10250 19.58448 18.22966 17.01704 15.92866 14.94907 14.06499 13.26493 12.53899 11.87858 11.27625 10.72552 10.22074 9.75696 9.32986
40 36.17223 32.83469 29.91585 27.35548 25.10278 23.11477 21.35507 19.79277 18.40158 17.15909 16.04612 15.04630 14.14553 13.33171 12.59441 11.92461 11.31452 10.75736 10.24725 9.77905 9.34829
Table 5: Page 10 of 12
Present Value of an Ordinary Annuity of $1

PVA= $1*[1-1/(1+i)^n]/i

n/i 11 11.5 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20

1 0.90090 0.89686 0.89286 0.88889 0.88496 0.88106 0.87719 0.87336 0.86957 0.86580 0.86207 0.85837 0.85470 0.85106 0.84746 0.84388 0.84034 0.83682 0.83333
2 1.71252 1.70122 1.69005 1.67901 1.66810 1.65732 1.64666 1.63612 1.62571 1.61541 1.60523 1.59517 1.58521 1.57537 1.56564 1.55602 1.54650 1.53709 1.52778
3 2.44371 2.42262 2.40183 2.38134 2.36115 2.34125 2.32163 2.30229 2.28323 2.26443 2.24589 2.22761 2.20958 2.19181 2.17427 2.15698 2.13992 2.12309 2.10648
4 3.10245 3.06961 3.03735 3.00564 2.97447 2.94383 2.91371 2.88410 2.85498 2.82634 2.79818 2.77048 2.74324 2.71643 2.69006 2.66412 2.63859 2.61346 2.58873
5 3.69590 3.64988 3.60478 3.56057 3.51723 3.47474 3.43308 3.39223 3.35216 3.31285 3.27429 3.23646 3.19935 3.16292 3.12717 3.09208 3.05763 3.02382 2.99061

6 4.23054 4.17029 4.11141 4.05384 3.99755 3.94250 3.88867 3.83600 3.78448 3.73407 3.68474 3.63645 3.58918 3.54291 3.49760 3.45323 3.40978 3.36721 3.32551
7 4.71220 4.63704 4.56376 4.49230 4.42261 4.35463 4.28830 4.22358 4.16042 4.09876 4.03857 3.97979 3.92238 3.86631 3.81153 3.75800 3.70570 3.65457 3.60459
8 5.14612 5.05564 4.96764 4.88205 4.79877 4.71774 4.63886 4.56208 4.48732 4.41451 4.34359 4.27449 4.20716 4.14154 4.07757 4.01519 3.95437 3.89504 3.83716
9 5.53705 5.43106 5.32825 5.22848 5.13166 5.03765 4.94637 4.85771 4.77158 4.68789 4.60654 4.52746 4.45057 4.37578 4.30302 4.23223 4.16333 4.09627 4.03097
10 5.88923 5.76777 5.65022 5.53643 5.42624 5.31952 5.21612 5.11591 5.01877 4.92458 4.83323 4.74460 4.65860 4.57513 4.49409 4.41538 4.33893 4.26466 4.19247

11 6.20652 6.06975 5.93770 5.81016 5.68694 5.56786 5.45273 5.34140 5.23371 5.12951 5.02864 4.93099 4.83641 4.74479 4.65601 4.56994 4.48650 4.40557 4.32706
12 6.49236 6.34058 6.19437 6.05348 5.91765 5.78666 5.66029 5.53834 5.42062 5.30693 5.19711 5.09098 4.98839 4.88918 4.79322 4.70037 4.61050 4.52349 4.43922
13 6.74987 6.58348 6.42355 6.26976 6.12181 5.97943 5.84236 5.71034 5.58315 5.46055 5.34233 5.22831 5.11828 5.01207 4.90951 4.81044 4.71471 4.62217 4.53268
14 6.98187 6.80133 6.62817 6.46201 6.30249 6.14928 6.00207 5.86056 5.72448 5.59355 5.46753 5.34619 5.22930 5.11666 5.00806 4.90333 4.80228 4.70474 4.61057
15 7.19087 6.99671 6.81086 6.63289 6.46238 6.29893 6.14217 5.99176 5.84737 5.70870 5.57546 5.44737 5.32419 5.20567 5.09158 4.98171 4.87586 4.77384 4.67547

16 7.37916 7.17194 6.97399 6.78479 6.60388 6.43077 6.26506 6.10634 5.95423 5.80840 5.66850 5.53422 5.40529 5.28142 5.16235 5.04786 4.93770 4.83167 4.72956
17 7.54879 7.32909 7.11963 6.91982 6.72909 6.54694 6.37286 6.20641 6.04716 5.89472 5.74870 5.60878 5.47461 5.34589 5.22233 5.10368 4.98966 4.88006 4.77463
18 7.70162 7.47004 7.24967 7.03984 6.83991 6.64928 6.46742 6.29381 6.12797 5.96945 5.81785 5.67277 5.53385 5.40075 5.27316 5.15078 5.03333 4.92055 4.81219
19 7.83929 7.59644 7.36578 7.14652 6.93797 6.73946 6.55037 6.37014 6.19823 6.03416 5.87746 5.72770 5.58449 5.44745 5.31624 5.19053 5.07003 4.95443 4.84350
20 7.96333 7.70982 7.46944 7.24135 7.02475 6.81890 6.62313 6.43680 6.25933 6.09018 5.92884 5.77485 5.62777 5.48719 5.35275 5.22408 5.10086 4.98279 4.86958

21 8.07507 7.81149 7.56200 7.32565 7.10155 6.88890 6.68696 6.49502 6.31246 6.13868 5.97314 5.81532 5.66476 5.52101 5.38368 5.25239 5.12677 5.00652 4.89132
22 8.17574 7.90269 7.64465 7.40058 7.16951 6.95057 6.74294 6.54587 6.35866 6.18068 6.01133 5.85006 5.69637 5.54980 5.40990 5.27628 5.14855 5.02638 4.90943
23 8.26643 7.98447 7.71843 7.46718 7.22966 7.00491 6.79206 6.59028 6.39884 6.21704 6.04425 5.87988 5.72340 5.57430 5.43212 5.29644 5.16685 5.04299 4.92453
24 8.34814 8.05782 7.78432 7.52638 7.28288 7.05279 6.83514 6.62907 6.43377 6.24852 6.07263 5.90548 5.74649 5.59515 5.45095 5.31345 5.18223 5.05690 4.93710
25 8.42174 8.12361 7.84314 7.57901 7.32998 7.09497 6.87293 6.66294 6.46415 6.27577 6.09709 5.92745 5.76623 5.61289 5.46691 5.32780 5.19515 5.06853 4.94759

26 8.48806 8.18261 7.89566 7.62578 7.37167 7.13213 6.90608 6.69252 6.49056 6.29937 6.11818 5.94631 5.78311 5.62799 5.48043 5.33992 5.20601 5.07827 4.95632
27 8.54780 8.23552 7.94255 7.66736 7.40856 7.16487 6.93515 6.71836 6.51353 6.31980 6.13636 5.96250 5.79753 5.64084 5.49189 5.35014 5.21513 5.08642 4.96360
28 8.60162 8.28298 7.98442 7.70432 7.44120 7.19372 6.96066 6.74093 6.53351 6.33749 6.15204 5.97639 5.80985 5.65178 5.50160 5.35877 5.22280 5.09324 4.96967
29 8.65011 8.32554 8.02181 7.73717 7.47009 7.21914 6.98304 6.76064 6.55088 6.35281 6.16555 5.98832 5.82039 5.66109 5.50983 5.36605 5.22924 5.09894 4.97472
30 8.69379 8.36371 8.05518 7.76638 7.49565 7.24153 7.00266 6.77785 6.56598 6.36607 6.17720 5.99856 5.82939 5.66901 5.51681 5.37219 5.23466 5.10372 4.97894

31 8.73315 8.39795 8.08499 7.79234 7.51828 7.26126 7.01988 6.79288 6.57911 6.37755 6.18724 6.00734 5.83709 5.67576 5.52272 5.37738 5.23921 5.10771 4.98245
32 8.76860 8.42866 8.11159 7.81541 7.53830 7.27864 7.03498 6.80601 6.59053 6.38749 6.19590 6.01489 5.84366 5.68150 5.52773 5.38175 5.24303 5.11106 4.98537
33 8.80054 8.45619 8.13535 7.83592 7.55602 7.29396 7.04823 6.81747 6.60046 6.39609 6.20336 6.02136 5.84928 5.68638 5.53197 5.38545 5.24625 5.11386 4.98781
34 8.82932 8.48089 8.15656 7.85415 7.57170 7.30745 7.05985 6.82749 6.60910 6.40354 6.20979 6.02692 5.85409 5.69054 5.53557 5.38856 5.24895 5.11620 4.98984
35 8.85524 8.50304 8.17550 7.87036 7.58557 7.31934 7.07005 6.83623 6.61661 6.40999 6.21534 6.03169 5.85820 5.69407 5.53862 5.39119 5.25122 5.11816 4.99154

36 8.87859 8.52291 8.19241 7.88476 7.59785 7.32982 7.07899 6.84387 6.62314 6.41558 6.22012 6.03579 5.86171 5.69708 5.54120 5.39341 5.25312 5.11980 4.99295
37 8.89963 8.54072 8.20751 7.89757 7.60872 7.33904 7.08683 6.85054 6.62881 6.42041 6.22424 6.03930 5.86471 5.69965 5.54339 5.39528 5.25472 5.12117 4.99412
38 8.91859 8.55670 8.22099 7.90895 7.61833 7.34718 7.09371 6.85637 6.63375 6.42460 6.22779 6.04232 5.86727 5.70183 5.54525 5.39686 5.25607 5.12232 4.99510
39 8.93567 8.57103 8.23303 7.91906 7.62684 7.35434 7.09975 6.86146 6.63805 6.42823 6.23086 6.04491 5.86946 5.70368 5.54682 5.39820 5.25720 5.12328 4.99592
40 8.95105 8.58389 8.24378 7.92806 7.63438 7.36065 7.10504 6.86590 6.64178 6.43136 6.23350 6.04713 5.87133 5.70526 5.54815 5.39932 5.25815 5.12408 4.99660
Table 6: Page 11 of 12
Present Value of an Annuity Due of $1

PVAD= $1*(1+i)*[1-(1+i)^n/i]

n/i 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5

1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000
2 1.99502 1.99010 1.98522 1.98039 1.97561 1.97087 1.96618 1.96154 1.95694 1.95238 1.94787 1.94340 1.93897 1.93458 1.93023 1.92593 1.92166 1.91743 1.91324 1.90909 1.90498
3 2.98510 2.97040 2.95588 2.94156 2.92742 2.91347 2.89969 2.88609 2.87267 2.85941 2.84632 2.83339 2.82063 2.80802 2.79557 2.78326 2.77111 2.75911 2.74725 2.73554 2.72396
4 3.97025 3.94099 3.91220 3.88388 3.85602 3.82861 3.80164 3.77509 3.74896 3.72325 3.69793 3.67301 3.64848 3.62432 3.60053 3.57710 3.55402 3.53129 3.50891 3.48685 3.46512
5 4.95050 4.90197 4.85438 4.80773 4.76197 4.71710 4.67308 4.62990 4.58753 4.54595 4.50515 4.46511 4.42580 4.38721 4.34933 4.31213 4.27560 4.23972 4.20448 4.16987 4.13586

6 5.92587 5.85343 5.78264 5.71346 5.64583 5.57971 5.51505 5.45182 5.38998 5.32948 5.27028 5.21236 5.15568 5.10020 5.04588 4.99271 4.94064 4.88965 4.83971 4.79079 4.74286
7 6.89638 6.79548 6.69719 6.60143 6.50813 6.41719 6.32855 6.24214 6.15787 6.07569 5.99553 5.91732 5.84101 5.76654 5.69385 5.62288 5.55359 5.48592 5.41983 5.35526 5.29218
8 7.86207 7.72819 7.59821 7.47199 7.34939 7.23028 7.11454 7.00205 6.89270 6.78637 6.68297 6.58238 6.48452 6.38929 6.29660 6.20637 6.11851 6.03295 5.94961 5.86842 5.78930
9 8.82296 8.65168 8.48593 8.32548 8.17014 8.01969 7.87396 7.73274 7.59589 7.46321 7.33457 7.20979 7.08875 6.97130 6.85730 6.74664 6.63918 6.53482 6.43344 6.33493 6.23919
10 9.77906 9.56602 9.36052 9.16224 8.97087 8.78611 8.60769 8.43533 8.26879 8.10782 7.95220 7.80169 7.65610 7.51523 7.37889 7.24689 7.11906 6.99525 6.87528 6.75902 6.64632

11 10.73041 10.47130 10.22218 9.98259 9.75206 9.53020 9.31661 9.11090 8.91272 8.72173 8.53763 8.36009 8.18883 8.02358 7.86408 7.71008 7.56135 7.41766 7.27880 7.14457 7.01477
12 11.67703 11.36763 11.07112 10.78685 10.51421 10.25262 10.00155 9.76048 9.52892 9.30641 9.09254 8.88687 8.68904 8.49867 8.31542 8.13896 7.96898 7.80519 7.64730 7.49506 7.34821
13 12.61893 12.25508 11.90751 11.57534 11.25776 10.95400 10.66333 10.38507 10.11858 9.86325 9.61852 9.38384 9.15873 8.94269 8.73528 8.53608 8.34469 8.16073 7.98384 7.81369 7.64996
14 13.55615 13.13374 12.73153 12.34837 11.98318 11.63496 11.30274 10.98565 10.68285 10.39357 10.11708 9.85268 9.59974 9.35765 9.12584 8.90378 8.69095 8.48690 8.29118 8.10336 7.92304
15 14.48871 14.00370 13.54338 13.10625 12.69091 12.29607 11.92052 11.56312 11.22283 10.89864 10.58965 10.29498 10.01384 9.74547 9.48915 9.24424 9.01010 8.78615 8.57185 8.36669 8.17018

16 15.41662 14.86505 14.34323 13.84926 13.38138 12.93794 12.51741 12.11839 11.73955 11.37966 11.03758 10.71225 10.40267 10.10791 9.82712 9.55948 9.30424 9.06069 8.82818 8.60608 8.39382
17 16.33993 15.71787 15.13126 14.57771 14.05500 13.56110 13.09412 12.65230 12.23402 11.83777 11.46216 11.10590 10.76776 10.44665 10.14151 9.85137 9.57533 9.31256 9.06226 8.82371 8.59622
18 17.25863 16.56225 15.90765 15.29187 14.71220 14.16612 13.65132 13.16567 12.70719 12.27407 11.86461 11.47726 11.11058 10.76322 10.43396 10.12164 9.82519 9.54363 9.27604 9.02155 8.77939
19 18.17277 17.39827 16.67256 15.99203 15.35336 14.75351 14.18968 13.65930 13.15999 12.68959 12.24607 11.82760 11.43247 11.05909 10.70601 10.37189 10.05548 9.75563 9.47127 9.20141 8.94515
20 19.08236 18.22601 17.42617 16.67846 15.97889 15.32380 14.70984 14.13394 13.59329 13.08532 12.60765 12.15812 11.73471 11.33560 10.95908 10.60360 10.26772 9.95011 9.64956 9.36492 9.09515

21 19.98742 19.04555 18.16864 17.35143 16.58916 15.87747 15.21240 14.59033 14.00794 13.46221 12.95038 12.46992 12.01851 11.59401 11.19449 10.81815 10.46334 10.12855 9.81238 9.51356 9.23091
22 20.88798 19.85698 18.90014 18.01121 17.18455 16.41502 15.69797 15.02916 14.40472 13.82115 13.27524 12.76408 12.28498 11.83553 11.41348 11.01680 10.64363 10.29224 9.96108 9.64869 9.35376
23 21.78406 20.66038 19.62082 18.65805 17.76541 16.93692 16.16712 15.45112 14.78442 14.16300 13.58317 13.04158 12.53520 12.06124 11.61719 11.20074 10.80980 10.44243 10.09688 9.77154 9.46494
24 22.67568 21.45582 20.33086 19.29220 18.33211 17.44361 16.62041 15.85684 15.14777 14.48857 13.87504 13.30338 12.77014 12.27219 11.80669 11.37106 10.96295 10.58021 10.22089 9.88322 9.56556
25 23.56287 22.24339 21.03041 19.91393 18.88499 17.93554 17.05837 16.24696 15.49548 14.79864 14.15170 13.55036 12.99074 12.46933 11.98297 11.52876 11.10410 10.70661 10.33415 9.98474 9.65662

26 24.44564 23.02316 21.71961 20.52346 19.42438 18.41315 17.48151 16.62208 15.82821 15.09394 14.41393 13.78336 13.19788 12.65358 12.14695 11.67478 11.23419 10.82258 10.43758 10.07704 9.73902
27 25.32402 23.79520 22.39863 21.12104 19.95061 18.87684 17.89035 16.98277 16.14661 15.37519 14.66250 14.00317 13.39237 12.82578 12.29948 11.80998 11.35409 10.92897 10.53203 10.16095 9.81359
28 26.19803 24.55961 23.06762 21.70690 20.46401 19.32703 18.28536 17.32959 16.45130 15.64303 14.89810 14.21053 13.57500 12.98671 12.44138 11.93516 11.46460 11.02658 10.61830 10.23722 9.88108
29 27.06769 25.31644 23.72672 22.28127 20.96489 19.76411 18.66702 17.66306 16.74287 15.89813 15.12142 14.40616 13.74648 13.13711 12.57338 12.05108 11.56645 11.11613 10.69707 10.30657 9.94215
30 27.93302 26.06579 24.37608 22.84438 21.45355 20.18845 19.03577 17.98371 17.02189 16.14107 15.33310 14.59072 13.90749 13.27767 12.69617 12.15841 11.66033 11.19828 10.76902 10.36961 9.99742

31 28.79405 26.80771 25.01584 23.39646 21.93029 20.60044 19.39205 18.29203 17.28889 16.37245 15.53375 14.76483 14.05868 13.40904 12.81039 12.25778 11.74684 11.27365 10.83472 10.42691 10.04744
32 29.65080 27.54229 25.64615 23.93770 22.39541 21.00043 19.73628 18.58849 17.54439 16.59281 15.72393 14.92909 14.20063 13.53181 12.91664 12.34980 11.82658 11.34280 10.89472 10.47901 10.09271
33 30.50328 28.26959 26.26714 24.46833 22.84918 21.38877 20.06887 18.87355 17.78889 16.80268 15.90420 15.08404 14.33393 13.64656 13.01548 12.43500 11.90008 11.40624 10.94952 10.52638 10.13367
34 31.35153 28.98969 26.87895 24.98856 23.29188 21.76579 20.39021 19.14765 18.02286 17.00255 16.07507 15.23023 14.45909 13.75379 13.10742 12.51389 11.96781 11.46444 10.99956 10.56943 10.17074
35 32.19555 29.70267 27.48173 25.49859 23.72379 22.13184 20.70068 19.41120 18.24676 17.19290 16.23703 15.36814 14.57661 13.85401 13.19295 12.58693 12.03024 11.51784 11.04526 10.60857 10.20429

36 33.03537 30.40858 28.07559 25.99862 24.14516 22.48722 21.00066 19.66461 18.46101 17.37419 16.39055 15.49825 14.68696 13.94767 13.27251 12.65457 12.08778 11.56682 11.08699 10.64416 10.23465
37 33.87102 31.10751 28.66068 26.48884 24.55625 22.83225 21.29049 19.90828 18.66604 17.54685 16.53607 15.62099 14.79057 14.03521 13.34652 12.71719 12.14081 11.61176 11.12511 10.67651 10.26213
38 34.70250 31.79951 29.23713 26.96945 24.95732 23.16724 21.57053 20.14258 18.86224 17.71129 16.67400 15.73678 14.88786 14.11702 13.41537 12.77518 12.18969 11.65299 11.15992 10.70592 10.28700
39 35.52985 32.48466 29.80505 27.44064 25.34860 23.49246 21.84109 20.36786 19.04999 17.86789 16.80474 15.84602 14.97921 14.19347 13.47941 12.82887 12.23474 11.69082 11.19171 10.73265 10.30950
40 36.35309 33.16303 30.36458 27.90259 25.73034 23.80822 22.10250 20.58448 19.22966 18.01704 16.92866 15.94907 15.06499 14.26493 13.53899 12.87858 12.27625 11.72552 11.22074 10.75696 10.32986
Table 6: Page 12 of 12
Present Value of an Annuity Due of $1

PVAD= $1*(1+i)*[1-(1+i)^n/i]

n/i 11 11.5 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20

1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000
2 1.90090 1.89686 1.89286 1.88889 1.88496 1.88106 1.87719 1.87336 1.86957 1.86580 1.86207 1.85837 1.85470 1.85106 1.84746 1.84388 1.84034 1.83682 1.83333
3 2.71252 2.70122 2.69005 2.67901 2.66810 2.65732 2.64666 2.63612 2.62571 2.61541 2.60523 2.59517 2.58521 2.57537 2.56564 2.55602 2.54650 2.53709 2.52778
4 3.44371 3.42262 3.40183 3.38134 3.36115 3.34125 3.32163 3.30229 3.28323 3.26443 3.24589 3.22761 3.20958 3.19181 3.17427 3.15698 3.13992 3.12309 3.10648
5 4.10245 4.06961 4.03735 4.00564 3.97447 3.94383 3.91371 3.88410 3.85498 3.82634 3.79818 3.77048 3.74324 3.71643 3.69006 3.66412 3.63859 3.61346 3.58873

6 4.69590 4.64988 4.60478 4.56057 4.51723 4.47474 4.43308 4.39223 4.35216 4.31285 4.27429 4.23646 4.19935 4.16292 4.12717 4.09208 4.05763 4.02382 3.99061
7 5.23054 5.17029 5.11141 5.05384 4.99755 4.94250 4.88867 4.83600 4.78448 4.73407 4.68474 4.63645 4.58918 4.54291 4.49760 4.45323 4.40978 4.36721 4.32551
8 5.71220 5.63704 5.56376 5.49230 5.42261 5.35463 5.28830 5.22358 5.16042 5.09876 5.03857 4.97979 4.92238 4.86631 4.81153 4.75800 4.70570 4.65457 4.60459
9 6.14612 6.05564 5.96764 5.88205 5.79877 5.71774 5.63886 5.56208 5.48732 5.41451 5.34359 5.27449 5.20716 5.14154 5.07757 5.01519 4.95437 4.89504 4.83716
10 6.53705 6.43106 6.32825 6.22848 6.13166 6.03765 5.94637 5.85771 5.77158 5.68789 5.60654 5.52746 5.45057 5.37578 5.30302 5.23223 5.16333 5.09627 5.03097

11 6.88923 6.76777 6.65022 6.53643 6.42624 6.31952 6.21612 6.11591 6.01877 5.92458 5.83323 5.74460 5.65860 5.57513 5.49409 5.41538 5.33893 5.26466 5.19247
12 7.20652 7.06975 6.93770 6.81016 6.68694 6.56786 6.45273 6.34140 6.23371 6.12951 6.02864 5.93099 5.83641 5.74479 5.65601 5.56994 5.48650 5.40557 5.32706
13 7.49236 7.34058 7.19437 7.05348 6.91765 6.78666 6.66029 6.53834 6.42062 6.30693 6.19711 6.09098 5.98839 5.88918 5.79322 5.70037 5.61050 5.52349 5.43922
14 7.74987 7.58348 7.42355 7.26976 7.12181 6.97943 6.84236 6.71034 6.58315 6.46055 6.34233 6.22831 6.11828 6.01207 5.90951 5.81044 5.71471 5.62217 5.53268
15 7.98187 7.80133 7.62817 7.46201 7.30249 7.14928 7.00207 6.86056 6.72448 6.59355 6.46753 6.34619 6.22930 6.11666 6.00806 5.90333 5.80228 5.70474 5.61057

16 8.19087 7.99671 7.81086 7.63289 7.46238 7.29893 7.14217 6.99176 6.84737 6.70870 6.57546 6.44737 6.32419 6.20567 6.09158 5.98171 5.87586 5.77384 5.67547
17 8.37916 8.17194 7.97399 7.78479 7.60388 7.43077 7.26506 7.10634 6.95423 6.80840 6.66850 6.53422 6.40529 6.28142 6.16235 6.04786 5.93770 5.83167 5.72956
18 8.54879 8.32909 8.11963 7.91982 7.72909 7.54694 7.37286 7.20641 7.04716 6.89472 6.74870 6.60878 6.47461 6.34589 6.22233 6.10368 5.98966 5.88006 5.77463
19 8.70162 8.47004 8.24967 8.03984 7.83991 7.64928 7.46742 7.29381 7.12797 6.96945 6.81785 6.67277 6.53385 6.40075 6.27316 6.15078 6.03333 5.92055 5.81219
20 8.83929 8.59644 8.36578 8.14652 7.93797 7.73946 7.55037 7.37014 7.19823 7.03416 6.87746 6.72770 6.58449 6.44745 6.31624 6.19053 6.07003 5.95443 5.84350

21 8.96333 8.70982 8.46944 8.24135 8.02475 7.81890 7.62313 7.43680 7.25933 7.09018 6.92884 6.77485 6.62777 6.48719 6.35275 6.22408 6.10086 5.98279 5.86958
22 9.07507 8.81149 8.56200 8.32565 8.10155 7.88890 7.68696 7.49502 7.31246 7.13868 6.97314 6.81532 6.66476 6.52101 6.38368 6.25239 6.12677 6.00652 5.89132
23 9.17574 8.90269 8.64465 8.40058 8.16951 7.95057 7.74294 7.54587 7.35866 7.18068 7.01133 6.85006 6.69637 6.54980 6.40990 6.27628 6.14855 6.02638 5.90943
24 9.26643 8.98447 8.71843 8.46718 8.22966 8.00491 7.79206 7.59028 7.39884 7.21704 7.04425 6.87988 6.72340 6.57430 6.43212 6.29644 6.16685 6.04299 5.92453
25 9.34814 9.05782 8.78432 8.52638 8.28288 8.05279 7.83514 7.62907 7.43377 7.24852 7.07263 6.90548 6.74649 6.59515 6.45095 6.31345 6.18223 6.05690 5.93710

26 9.42174 9.12361 8.84314 8.57901 8.32998 8.09497 7.87293 7.66294 7.46415 7.27577 7.09709 6.92745 6.76623 6.61289 6.46691 6.32780 6.19515 6.06853 5.94759
27 9.48806 9.18261 8.89566 8.62578 8.37167 8.13213 7.90608 7.69252 7.49056 7.29937 7.11818 6.94631 6.78311 6.62799 6.48043 6.33992 6.20601 6.07827 5.95632
28 9.54780 9.23552 8.94255 8.66736 8.40856 8.16487 7.93515 7.71836 7.51353 7.31980 7.13636 6.96250 6.79753 6.64084 6.49189 6.35014 6.21513 6.08642 5.96360
29 9.60162 9.28298 8.98442 8.70432 8.44120 8.19372 7.96066 7.74093 7.53351 7.33749 7.15204 6.97639 6.80985 6.65178 6.50160 6.35877 6.22280 6.09324 5.96967
30 9.65011 9.32554 9.02181 8.73717 8.47009 8.21914 7.98304 7.76064 7.55088 7.35281 7.16555 6.98832 6.82039 6.66109 6.50983 6.36605 6.22924 6.09894 5.97472

31 9.69379 9.36371 9.05518 8.76638 8.49565 8.24153 8.00266 7.77785 7.56598 7.36607 7.17720 6.99856 6.82939 6.66901 6.51681 6.37219 6.23466 6.10372 5.97894
32 9.73315 9.39795 9.08499 8.79234 8.51828 8.26126 8.01988 7.79288 7.57911 7.37755 7.18724 7.00734 6.83709 6.67576 6.52272 6.37738 6.23921 6.10771 5.98245
33 9.76860 9.42866 9.11159 8.81541 8.53830 8.27864 8.03498 7.80601 7.59053 7.38749 7.19590 7.01489 6.84366 6.68150 6.52773 6.38175 6.24303 6.11106 5.98537
34 9.80054 9.45619 9.13535 8.83592 8.55602 8.29396 8.04823 7.81747 7.60046 7.39609 7.20336 7.02136 6.84928 6.68638 6.53197 6.38545 6.24625 6.11386 5.98781
35 9.82932 9.48089 9.15656 8.85415 8.57170 8.30745 8.05985 7.82749 7.60910 7.40354 7.20979 7.02692 6.85409 6.69054 6.53557 6.38856 6.24895 6.11620 5.98984

36 9.85524 9.50304 9.17550 8.87036 8.58557 8.31934 8.07005 7.83623 7.61661 7.40999 7.21534 7.03169 6.85820 6.69407 6.53862 6.39119 6.25122 6.11816 5.99154
37 9.87859 9.52291 9.19241 8.88476 8.59785 8.32982 8.07899 7.84387 7.62314 7.41558 7.22012 7.03579 6.86171 6.69708 6.54120 6.39341 6.25312 6.11980 5.99295
38 9.89963 9.54072 9.20751 8.89757 8.60872 8.33904 8.08683 7.85054 7.62881 7.42041 7.22424 7.03930 6.86471 6.69965 6.54339 6.39528 6.25472 6.12117 5.99412
39 9.91859 9.55670 9.22099 8.90895 8.61833 8.34718 8.09371 7.85637 7.63375 7.42460 7.22779 7.04232 6.86727 6.70183 6.54525 6.39686 6.25607 6.12232 5.99510
40 9.93567 9.57103 9.23303 8.91906 8.62684 8.35434 8.09975 7.86146 7.63805 7.42823 7.23086 7.04491 6.86946 6.70368 6.54682 6.39820 6.25720 6.12328 5.99592