You are the finance manager for a particular company. The company plans to purchase $2,000,000 in new assembly line machinery in 5 years. (Use Table 11-1 and Table 11-2. Round your answers to the nearest cent.) (a) How much (in $) must be set aside now at 6% interest compounded semiannually to accumulate the $2,000,000 in 5 years? $ (b) If the inflation rate on this type of equipment is 7% per year, what will be the cost (in $) of the equipment in 5 years, adjusted for inflation? $
You are the finance manager for a particular company. The company plans to purchase $2,000,000 in new assembly line machinery in 5 years. (Use Table 11-1 and Table 11-2. Round your answers to the nearest cent.) (a) How much (in $) must be set aside now at 6% interest compounded semiannually to accumulate the $2,000,000 in 5 years? $ (b) If the inflation rate on this type of equipment is 7% per year, what will be the cost (in $) of the equipment in 5 years, adjusted for inflation? $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
You are the finance manager for a particular company. The company plans to purchase $2,000,000 in new assembly line machinery in 5 years. (Use Table 11-1 and Table 11-2. Round your answers to the nearest cent.)
(a)
How much (in $) must be set aside now at 6% interest compounded semiannually to accumulate the $2,000,000 in 5 years?
$
(b)
If the inflation rate on this type of equipment is 7% per year, what will be the cost (in $) of the equipment in 5 years, adjusted for inflation?
$
(c)
Use the inflation-adjusted cost of the equipment to calculate how much (in $) must be set aside now.
$
(d)
Use the present value formula to calculate how much (in $) would be required now if you found a bank that offered 6% interest compounded daily to obtain the value found in part b. (Ignore leap years in calculation.)
$
![Periods
2%
3%
4%
5%
6%
7%
8%
Periods
0.99502
0.99010
0.98522
0.98039
0.97087
0.96154
0.95238
0.94340
0.93458
0.92593
0.99007
0.98030
0.97066
0.96117
0.94260
0.92456
0.90703
0.89000
0.87344
0.85734
2
3
0.98515
0.97059
0.95632
0.94232
0.91514
0.88900
0.86384
0.83962
0.81630
0.79383
3
4
0.98025
0.96098
0.94218
0.92385
0.88849
0.85480
0.82270
0.79209
0.76290
0.73503
4
0.97537
0.95147
0.92826
0.90573
0.86261
0.82193
0.78353
0.74726
0.71299
0.68058
0.97052
0.94205
0.91454
0.88797
0.83748
0.79031
0.74622
0.70496
0.66634
0.63017
6.
7
0.96569
0.93272
0.90103
0.87056
0.81309
0.75992
0.71068
0.66506
0.62275
0.58349
7
8
0.96089
0.92348
0.88771
0.85349
0.78941
0.73069
0.67684
0.62741
0.58201
0.54027
9
095610
0.91434
0.87459
0.83676
0.76642
0.70259
0.64461
0.59190
0.54393
0.50025
10
0.95135
0.90529
0.86167
0.82035
0.74409
0.67556
0.61391
0.55839
0.50835
0.46319
10
11
0.94661
0.89632
0.84893
0.80426
0.72242
0.64958
0.58468
0.52679
0.47509
0.42888
11
12
0.94191
0.88745
0.83639
0.78849
0.70138
0.62460
0.55684
0.49697
0.44401
0.39711
12
13
0.93722
0.87866
0.82403
0.77303
0.68095
0.60057
0.53032
0.46884
0.41496
0.36770
13
14
0.93256
0.86996
0.81185
0.75788
0.66112
0.57748
0.50507
0.44230
0.38782
0.34046
14
15
0.92792
0.86135
0.79985
0.74301
0.64186
0.55526
0.48102
0.41727
0.36245
0.31524
13
0.92330
0.85282
0.78803
0.72845
0.62317
0.53391
0.45811
0.43630
0.39365
0.33873
0.31657
16
0.29189
16
17
0.91871
0.84438
0.77639
0.71416
0.60502
0.51337
0.37136
0.27027
17
18
0.91414
0.83602
0.76491
0.70016
0.58739
0.41552
0.25025
0.49363
0.47464
0.35034
0.29586
18
19
0.90959
0.82774
0.75361
0.68643
0.57029
0.39573
0.33051
0.27651
0.23171
19
20
0.90506
0.81954
0.74247
0.67297
0.55368
0.45639
0.37689
0.31180
0.25842
0.21455
20
21
0.90056
0.81143
0.73150
0.65978
0.53755
0.43883
0.35894
0.29416
0.24151
0.19866
21
22
0.89608
0.80340
0.72069
0.64684
0.52189
0.42196
0.34185
0.27751
0.22571
0.18394
22
23
0.89162
0.79544
0.71004
0.63416
0.50669
0.40573
0.32557
0.26180
0.21095
0.17032
23
24
0,88719
0.78757
0.69954
0.62172
0.49193
0.39012
0.31007
0.24698
0.19715
0.15770
24
25
0.88277
0.77977
0.68921
0.60953
0.47761
0.37512
0.29530
0.23300
0.18425
0.14602
25
Periods
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
Periods
0.91743
0.90909
0.90090
0.89286
0.88496
0.87719
0.86957
0.86207
0.85470
0.84746
0.84168
0.82645
0.81162
0.79719
0.78315
0.76947
0.75614
0.74316
0.73051
0.71818
2
0.77218
0.75131
0.73119
0.71178
0.69305
0.67497
0.65752
0.64066
0.62437
0.60863
3
4
0.70843
0.68301
0.65873
0.63552
0.61332
0.59208
0.57175
0.55229
0.53365
0.51579
5
0.64993
0.62092
0.59345
0.56743
0.54276
0.51937
0.49718
0.47611
0.45611
0.43711
0.59627
0.54703
0.45559
0.39964
6
0.56447
0.53464
0.50663
0.48032
0.43233
0.41044
0.38984
0.37043
0.51316
0.48166
0.45235
0.42506
0.37594
0.35383
0.33320
0.31393
8
0.50187
0.46651
0.43393
0.40388
0.37616
0.35056
0.32690
0.30503
0.28478
0.26604
8
9
0.46043
0.42410
0.39092
0.36061
0.33288
0.30751
0.28426
0.26295
0.24340
0.22546
10
0.42241
0.38554
0.35218
0.32197
0.29459
0.26974
0.24718
0.22668
0.20804
0.19106
10
0.38753
0.35049
0.31728
0.28748
0.26070
0.23662
0.21494
0.19542
0.17781
0.16192
0.13722
11
12
0.35553
0.31863
0.28584
0.25668
0.23071
0.20756
0.18691
0.16846
0.15197
12
13
0.32618
0.28966
0.25751
0.22917
0.20416
0.18207
0.16253
0.14523
0.12989
0.11629
13
14
0.29925
0.26333
0.23199
0.20462
0.18068
0.15971
0.14133
0.12520
0.11102
0.09855
14
15
0.27454
0.23939
0.20900
0.18270
0.15989
0.14010
0.12289
0.10793
0.09489
0.08352
15
0.14150
0.12522
0.1 1081
16
0.25187
0.21763
0.18829
0.16312
0.12289
0.10686
0.09304
0.08110
0.07078
16
17
0.23107
0.19784
0.16963
0.14564
0.10780
0.09293
0.08021
0.06932
0.05998
17
18
0.21199
0.17986
0.15282
0.13004
0.09456
0.08081
0.06914
0.05925
0.05083
18
19
0.19449
0.16351
0.13768
0.11611
0.09806
0.08295
0.07027
0.05961
0.05064
0.04308
19
20
0.17843
0.14864
0.12403
0.10367
0.08678
0.07276
0.06110
0.05139
0.04328
0.03651
20
0.13513
0.12285
21
0.16370
0.11174
0.09256
0.07680
0.06383
0.05313
0.04430
0.03699
0.03094
21
22
0.15018
0.10067
0.08264
0.06796
0.05599
0.04620
0.03819
0.03162
0.02622
22
23
0.13778
0.11168
0.09069
0.07379
0.06014
0.04911
0.04017
0.03292
0.02702
0.02222
23
24
0.12640
0.10153
0.08170
0.06588
0.05323
0.04308
0.03493
0.02838
0.02310
0.01883
24
25
0,11597
0.09230
0.07361
0.05882
0.04710
0.03779
0.03038
0.02447
001974
001596
25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd201cd7c-f0d9-4cde-8ad3-a66bd40ce2a0%2Fa23b7ab0-3e22-4074-a8e0-d16ac56c2b1d%2Fl0dgv9d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Periods
2%
3%
4%
5%
6%
7%
8%
Periods
0.99502
0.99010
0.98522
0.98039
0.97087
0.96154
0.95238
0.94340
0.93458
0.92593
0.99007
0.98030
0.97066
0.96117
0.94260
0.92456
0.90703
0.89000
0.87344
0.85734
2
3
0.98515
0.97059
0.95632
0.94232
0.91514
0.88900
0.86384
0.83962
0.81630
0.79383
3
4
0.98025
0.96098
0.94218
0.92385
0.88849
0.85480
0.82270
0.79209
0.76290
0.73503
4
0.97537
0.95147
0.92826
0.90573
0.86261
0.82193
0.78353
0.74726
0.71299
0.68058
0.97052
0.94205
0.91454
0.88797
0.83748
0.79031
0.74622
0.70496
0.66634
0.63017
6.
7
0.96569
0.93272
0.90103
0.87056
0.81309
0.75992
0.71068
0.66506
0.62275
0.58349
7
8
0.96089
0.92348
0.88771
0.85349
0.78941
0.73069
0.67684
0.62741
0.58201
0.54027
9
095610
0.91434
0.87459
0.83676
0.76642
0.70259
0.64461
0.59190
0.54393
0.50025
10
0.95135
0.90529
0.86167
0.82035
0.74409
0.67556
0.61391
0.55839
0.50835
0.46319
10
11
0.94661
0.89632
0.84893
0.80426
0.72242
0.64958
0.58468
0.52679
0.47509
0.42888
11
12
0.94191
0.88745
0.83639
0.78849
0.70138
0.62460
0.55684
0.49697
0.44401
0.39711
12
13
0.93722
0.87866
0.82403
0.77303
0.68095
0.60057
0.53032
0.46884
0.41496
0.36770
13
14
0.93256
0.86996
0.81185
0.75788
0.66112
0.57748
0.50507
0.44230
0.38782
0.34046
14
15
0.92792
0.86135
0.79985
0.74301
0.64186
0.55526
0.48102
0.41727
0.36245
0.31524
13
0.92330
0.85282
0.78803
0.72845
0.62317
0.53391
0.45811
0.43630
0.39365
0.33873
0.31657
16
0.29189
16
17
0.91871
0.84438
0.77639
0.71416
0.60502
0.51337
0.37136
0.27027
17
18
0.91414
0.83602
0.76491
0.70016
0.58739
0.41552
0.25025
0.49363
0.47464
0.35034
0.29586
18
19
0.90959
0.82774
0.75361
0.68643
0.57029
0.39573
0.33051
0.27651
0.23171
19
20
0.90506
0.81954
0.74247
0.67297
0.55368
0.45639
0.37689
0.31180
0.25842
0.21455
20
21
0.90056
0.81143
0.73150
0.65978
0.53755
0.43883
0.35894
0.29416
0.24151
0.19866
21
22
0.89608
0.80340
0.72069
0.64684
0.52189
0.42196
0.34185
0.27751
0.22571
0.18394
22
23
0.89162
0.79544
0.71004
0.63416
0.50669
0.40573
0.32557
0.26180
0.21095
0.17032
23
24
0,88719
0.78757
0.69954
0.62172
0.49193
0.39012
0.31007
0.24698
0.19715
0.15770
24
25
0.88277
0.77977
0.68921
0.60953
0.47761
0.37512
0.29530
0.23300
0.18425
0.14602
25
Periods
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
Periods
0.91743
0.90909
0.90090
0.89286
0.88496
0.87719
0.86957
0.86207
0.85470
0.84746
0.84168
0.82645
0.81162
0.79719
0.78315
0.76947
0.75614
0.74316
0.73051
0.71818
2
0.77218
0.75131
0.73119
0.71178
0.69305
0.67497
0.65752
0.64066
0.62437
0.60863
3
4
0.70843
0.68301
0.65873
0.63552
0.61332
0.59208
0.57175
0.55229
0.53365
0.51579
5
0.64993
0.62092
0.59345
0.56743
0.54276
0.51937
0.49718
0.47611
0.45611
0.43711
0.59627
0.54703
0.45559
0.39964
6
0.56447
0.53464
0.50663
0.48032
0.43233
0.41044
0.38984
0.37043
0.51316
0.48166
0.45235
0.42506
0.37594
0.35383
0.33320
0.31393
8
0.50187
0.46651
0.43393
0.40388
0.37616
0.35056
0.32690
0.30503
0.28478
0.26604
8
9
0.46043
0.42410
0.39092
0.36061
0.33288
0.30751
0.28426
0.26295
0.24340
0.22546
10
0.42241
0.38554
0.35218
0.32197
0.29459
0.26974
0.24718
0.22668
0.20804
0.19106
10
0.38753
0.35049
0.31728
0.28748
0.26070
0.23662
0.21494
0.19542
0.17781
0.16192
0.13722
11
12
0.35553
0.31863
0.28584
0.25668
0.23071
0.20756
0.18691
0.16846
0.15197
12
13
0.32618
0.28966
0.25751
0.22917
0.20416
0.18207
0.16253
0.14523
0.12989
0.11629
13
14
0.29925
0.26333
0.23199
0.20462
0.18068
0.15971
0.14133
0.12520
0.11102
0.09855
14
15
0.27454
0.23939
0.20900
0.18270
0.15989
0.14010
0.12289
0.10793
0.09489
0.08352
15
0.14150
0.12522
0.1 1081
16
0.25187
0.21763
0.18829
0.16312
0.12289
0.10686
0.09304
0.08110
0.07078
16
17
0.23107
0.19784
0.16963
0.14564
0.10780
0.09293
0.08021
0.06932
0.05998
17
18
0.21199
0.17986
0.15282
0.13004
0.09456
0.08081
0.06914
0.05925
0.05083
18
19
0.19449
0.16351
0.13768
0.11611
0.09806
0.08295
0.07027
0.05961
0.05064
0.04308
19
20
0.17843
0.14864
0.12403
0.10367
0.08678
0.07276
0.06110
0.05139
0.04328
0.03651
20
0.13513
0.12285
21
0.16370
0.11174
0.09256
0.07680
0.06383
0.05313
0.04430
0.03699
0.03094
21
22
0.15018
0.10067
0.08264
0.06796
0.05599
0.04620
0.03819
0.03162
0.02622
22
23
0.13778
0.11168
0.09069
0.07379
0.06014
0.04911
0.04017
0.03292
0.02702
0.02222
23
24
0.12640
0.10153
0.08170
0.06588
0.05323
0.04308
0.03493
0.02838
0.02310
0.01883
24
25
0,11597
0.09230
0.07361
0.05882
0.04710
0.03779
0.03038
0.02447
001974
001596
25
![Periods
1%
2%
3%
4%
5%
6%
7%
8%
Periods
1.O1500
1.03023
1.02000
1.03000
1.07000
1.14490
1.00500
1.01000
1.04000
1.05000
1.06000
1.08000
2
1.01003
1.02010
1.04040
1.06090
1.08160
1.10250
1.12360
1.16640
2
3
1.01508
1.03030
1.04568
1.06121
1.09273
1.12486
1.15763
1.19102
1.22504
1.25971
3
4
1.02015
1.04060
1.06136
1.08243
1.12551
1.16986
1.21551
1.26248
1.31080
1.36049
4
1.02525
1.05101
1.07728
1.10408
1.15927
1.21665
1.27628
1.33823
1.40255
1.46933
1.50073
1.60578
1.03038
1.06152
1.07214
1.12616
1.19405
1.26532
1.31593
1.41852
1.58687
1.71382
6.
1.09344
1.34010
6
1.03553
1.10984
1.14869
1.22987
1.40710
1.50363
8
1.04071
1.08286
1.12649
1.17166
1.26677
1.36857
1.47746
1.59385
1.71819
1.85093
8
1.04591
1.09369
1.14339
1.19509
1.30477
1.42331
1.55133
1.68948
1.83846
1.99900
10
1.05114
1.10462
1.16054
1.21899
1.34392
1.48024
1.62889
1.79085
1.96715
2.15892
10
L.17795
1.19562
1.38423
1.42576
1.53945
1.60103
1.05640
1.11567
1.24337
1.71034
1.79586
1.89830
2.01220
2.10485
2.25219
2.33164
2.51817
11
12
1.06168
1.12683
1.26824
12
13
1.06699
1.13809
1.21355
1.29361
1.46853
1.66507
1.88565
2.13293
2.40985
2.71962
13
14
1.07232
1.14947
1.23176
1.31948
1.51259
1.73168
1.97993
2.26090
2.57853
2.93719
14
15
1.07768
1.16097
1.25023
1.34587
1.55797
1.80094
2.07893
2.39656
2.75903
3.17217
15
1.08307
1.17258
1.37279
1.40024
1.87298
1.26899
1.28802
1.30734
1.60471
2.18287
2.29202
2.54035
2.69277
2.95216
3.15882
3.42594
3.70002
16
16
17
1.08849
1.18430
1.65285
1.94790
17
18
1.09393
1.19615
1.42825
1.70243
2.02582
2.40662
2.85434
3.37993
3.99602
18
19
1.09940
1.20811
1.32695
1.45681
1.75351
2.10685
2.52695
3.02560
3.61653
4.31570
19
20
1.10490
1.22019
1.34686
1.48595
1.80611
2.19112
2.65330
3.20714
3.86968
4.66096
20
21
22
1.11042
1.11597
1.23239
1.24472
1.36706
1.38756
1.51567
1.54598
1.86029
2.27877
2.36992
2.78596
2.92526
3.39956
3.60354
4.14056
5.03383
5.43654
21
1.91610
4.43040
22
23
1.12155
1.25716
1.40838
1.57690
1.97359
2.46472
3.07152
3.81975
4.74053
5.87146
23
24
1.12716
1.26973
1.42950
1.60844
2.03279
2.56330
3.22510
4.04893
5.07237
6.34118
24
25
1.13280
1.28243
1.45095
1.64061
2.09378
2.66584
3.38635
4.29187
5.42743
6.84848
25
Periods
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
Periods
1.09000
1.10000
L.1 1000
1.12000
1.13000
1.14000
1.15000
1.16000
1.17000
1.18000
2
1.18810
1.21000
1.23210
1.25440
1.27690
1.29960
1.32250
1.34560
1.36890
1.39240
2
3
1.29503
1.33100
1.36763
1.40493
1.44290
1.48154
1.52088
1.56090
1.60161
1.64303
3
4
1.41158
1.46410
1.51807
1.57352
1.63047
1.68896
1.74901
1.81064
1.87389
1.93878
4
1.53862
1.61051
1.68506
1.76234
1.84244
1.92541
2.01136
2.10034
2.19245
2.28776
2.19497
2.56516
2.69955
3.18547
6
1.67710
1.77156
1.87041
1.97382
2.08195
2.31306
2.43640
6
7
1.82804
1.94872
2.07616
2.21068
2.35261
2.50227
2.66002
2.82622
3.00124
8
1.99256
2.14359
2.30454
2.47596
2.65844
2.85259
3.05902
3.27841
3.51145
3.75886
8
9.
2.17189
2.35795
2.55804
2.77308
3.00404
3.25195
3.51788
3.80296
4.10840
4.43545
10
2.36736
2.59374
2.83942
3.10585
3.39457
3.70722
4.04556
4.41144
4.80683
5.23384
10
2.58043
2.85312
3.15176
3.47855
3.83586
4.22623
4.65239
5.11726
5.62399
6.17593
11
12
2.81266
3.13843
3.49845
3.89598
4.33452
4.81790
5.35025
5.93603
6.58007
7.28759
12
13
3.06580
3.45227
3.88328
4.36349
4.89801
5.49241
6.15279
6.88579
7.69868
8.59936
13
14
3.34173
3.79750
4.31044
4.88711
5.53475
6.26135
7.13794
7.07571
7.98752
9.00745
10.14724
14
15
3.64248
4.17725
4.78459
5.47357
6.25427
8.13706
9.26552
10.53872
11.97375
15
16
3.97031
4.59497
5.31089
6.13039
7.06733
8.13725
9.35762
10.74800
12.33030
14.12902
16
17
4.32763
5.05447
5.89509
6.86604
7.98608
9.27646
10.76126
12.46768
14.42646
16.67225
17
18
4.71712
5.55992
6.54355
7.68997
9.02427
10.57517
12.37545
14.46251
16.87895
19.67325
18
19
5.14166
6.11591
7.26334
8.61276
10.19742
12.05569
14.23177
16.77652
19.74838
23.21444
19
20
5.60441
6.72750
8.06231
9.64629
11.52309
13.74349
16.36654
19.46076
23.10560
27.39303
20
21
6.10881
7.40025
8.94917
10.80385
13.02109
15.66758
18.82152
22.57448
27.03355
32.32378
21
22
6.65860
8.14027
9.93357
12.10031
14.71383
17.86104
21.64475
26.18640
31.62925
38.14206
22
23
7.25787
8.95430
11.02627
13.55235
16.62663
20.36158
24.89146
30.37622
37.00623
45.00763
23
24
7.91108
9.84973
12.23916
15.17863
18.78809
23.21221
28.62518
35.23642
43.29729
53.10901
24
25
8,62308
10.83471
13.58546
17.00006
21.23054
26.46192
32.91895
40.87424
50,65783
62.66863
25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd201cd7c-f0d9-4cde-8ad3-a66bd40ce2a0%2Fa23b7ab0-3e22-4074-a8e0-d16ac56c2b1d%2Flff8n2o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Periods
1%
2%
3%
4%
5%
6%
7%
8%
Periods
1.O1500
1.03023
1.02000
1.03000
1.07000
1.14490
1.00500
1.01000
1.04000
1.05000
1.06000
1.08000
2
1.01003
1.02010
1.04040
1.06090
1.08160
1.10250
1.12360
1.16640
2
3
1.01508
1.03030
1.04568
1.06121
1.09273
1.12486
1.15763
1.19102
1.22504
1.25971
3
4
1.02015
1.04060
1.06136
1.08243
1.12551
1.16986
1.21551
1.26248
1.31080
1.36049
4
1.02525
1.05101
1.07728
1.10408
1.15927
1.21665
1.27628
1.33823
1.40255
1.46933
1.50073
1.60578
1.03038
1.06152
1.07214
1.12616
1.19405
1.26532
1.31593
1.41852
1.58687
1.71382
6.
1.09344
1.34010
6
1.03553
1.10984
1.14869
1.22987
1.40710
1.50363
8
1.04071
1.08286
1.12649
1.17166
1.26677
1.36857
1.47746
1.59385
1.71819
1.85093
8
1.04591
1.09369
1.14339
1.19509
1.30477
1.42331
1.55133
1.68948
1.83846
1.99900
10
1.05114
1.10462
1.16054
1.21899
1.34392
1.48024
1.62889
1.79085
1.96715
2.15892
10
L.17795
1.19562
1.38423
1.42576
1.53945
1.60103
1.05640
1.11567
1.24337
1.71034
1.79586
1.89830
2.01220
2.10485
2.25219
2.33164
2.51817
11
12
1.06168
1.12683
1.26824
12
13
1.06699
1.13809
1.21355
1.29361
1.46853
1.66507
1.88565
2.13293
2.40985
2.71962
13
14
1.07232
1.14947
1.23176
1.31948
1.51259
1.73168
1.97993
2.26090
2.57853
2.93719
14
15
1.07768
1.16097
1.25023
1.34587
1.55797
1.80094
2.07893
2.39656
2.75903
3.17217
15
1.08307
1.17258
1.37279
1.40024
1.87298
1.26899
1.28802
1.30734
1.60471
2.18287
2.29202
2.54035
2.69277
2.95216
3.15882
3.42594
3.70002
16
16
17
1.08849
1.18430
1.65285
1.94790
17
18
1.09393
1.19615
1.42825
1.70243
2.02582
2.40662
2.85434
3.37993
3.99602
18
19
1.09940
1.20811
1.32695
1.45681
1.75351
2.10685
2.52695
3.02560
3.61653
4.31570
19
20
1.10490
1.22019
1.34686
1.48595
1.80611
2.19112
2.65330
3.20714
3.86968
4.66096
20
21
22
1.11042
1.11597
1.23239
1.24472
1.36706
1.38756
1.51567
1.54598
1.86029
2.27877
2.36992
2.78596
2.92526
3.39956
3.60354
4.14056
5.03383
5.43654
21
1.91610
4.43040
22
23
1.12155
1.25716
1.40838
1.57690
1.97359
2.46472
3.07152
3.81975
4.74053
5.87146
23
24
1.12716
1.26973
1.42950
1.60844
2.03279
2.56330
3.22510
4.04893
5.07237
6.34118
24
25
1.13280
1.28243
1.45095
1.64061
2.09378
2.66584
3.38635
4.29187
5.42743
6.84848
25
Periods
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
Periods
1.09000
1.10000
L.1 1000
1.12000
1.13000
1.14000
1.15000
1.16000
1.17000
1.18000
2
1.18810
1.21000
1.23210
1.25440
1.27690
1.29960
1.32250
1.34560
1.36890
1.39240
2
3
1.29503
1.33100
1.36763
1.40493
1.44290
1.48154
1.52088
1.56090
1.60161
1.64303
3
4
1.41158
1.46410
1.51807
1.57352
1.63047
1.68896
1.74901
1.81064
1.87389
1.93878
4
1.53862
1.61051
1.68506
1.76234
1.84244
1.92541
2.01136
2.10034
2.19245
2.28776
2.19497
2.56516
2.69955
3.18547
6
1.67710
1.77156
1.87041
1.97382
2.08195
2.31306
2.43640
6
7
1.82804
1.94872
2.07616
2.21068
2.35261
2.50227
2.66002
2.82622
3.00124
8
1.99256
2.14359
2.30454
2.47596
2.65844
2.85259
3.05902
3.27841
3.51145
3.75886
8
9.
2.17189
2.35795
2.55804
2.77308
3.00404
3.25195
3.51788
3.80296
4.10840
4.43545
10
2.36736
2.59374
2.83942
3.10585
3.39457
3.70722
4.04556
4.41144
4.80683
5.23384
10
2.58043
2.85312
3.15176
3.47855
3.83586
4.22623
4.65239
5.11726
5.62399
6.17593
11
12
2.81266
3.13843
3.49845
3.89598
4.33452
4.81790
5.35025
5.93603
6.58007
7.28759
12
13
3.06580
3.45227
3.88328
4.36349
4.89801
5.49241
6.15279
6.88579
7.69868
8.59936
13
14
3.34173
3.79750
4.31044
4.88711
5.53475
6.26135
7.13794
7.07571
7.98752
9.00745
10.14724
14
15
3.64248
4.17725
4.78459
5.47357
6.25427
8.13706
9.26552
10.53872
11.97375
15
16
3.97031
4.59497
5.31089
6.13039
7.06733
8.13725
9.35762
10.74800
12.33030
14.12902
16
17
4.32763
5.05447
5.89509
6.86604
7.98608
9.27646
10.76126
12.46768
14.42646
16.67225
17
18
4.71712
5.55992
6.54355
7.68997
9.02427
10.57517
12.37545
14.46251
16.87895
19.67325
18
19
5.14166
6.11591
7.26334
8.61276
10.19742
12.05569
14.23177
16.77652
19.74838
23.21444
19
20
5.60441
6.72750
8.06231
9.64629
11.52309
13.74349
16.36654
19.46076
23.10560
27.39303
20
21
6.10881
7.40025
8.94917
10.80385
13.02109
15.66758
18.82152
22.57448
27.03355
32.32378
21
22
6.65860
8.14027
9.93357
12.10031
14.71383
17.86104
21.64475
26.18640
31.62925
38.14206
22
23
7.25787
8.95430
11.02627
13.55235
16.62663
20.36158
24.89146
30.37622
37.00623
45.00763
23
24
7.91108
9.84973
12.23916
15.17863
18.78809
23.21221
28.62518
35.23642
43.29729
53.10901
24
25
8,62308
10.83471
13.58546
17.00006
21.23054
26.46192
32.91895
40.87424
50,65783
62.66863
25
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