Annual casn innows from two competing investment projects are given below: Year 1 Investment A $...
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Annual casn innows from two competing investment projects are given below: Year 1 Investment A $ 5,000 Investment B $ 8,000 2 6,000 7,000 3 7,000 6,000 4 8,000 5,000 $ 26,000 $ 26,000 The discount rate is 11%. Click here to view Exhibit 14B-1 and Exhibit 148-2 to determine the appropriate discount factor(s) using tables. Required: Compute the present value of the cash inflows for each investment. Present Value of Cash Flows Year Investment A Investment B 1 2 3 4 0 $ EXHIBIT 148-1 1 Present Value of $1, (1+r) Periods 4%6 5% 8% 10% 11% 1 2 3 4 5 6 T 9 10 11 12 13 0601 05300 469 0.415 14 15 16 17 18 19 21 22 23 24. 26 0422 0342 0278 0226 0154 0.406 0326 0.263 0.211 0.170 0.138 0112 0091 0.390 0.310 0.247 0.197 0158 0126 0.102 0.012 25 0.375 0295 0.233 0.184 0146 0116 0092 0.074 0361 0281 0220 0172 0.135 0106 0.084 0.066 7% 9% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.962 0.952 0.943 0.935 0.926 0917 0.909 0.901 0893 0.885 0.877 0.870 0862 0.855 0847 0.840 0.833 0826 0.820 0.813 0.806 0.800 0925 0.907 0.890 0873 0157 0.842 0.826 0812 0.297 0.783 0.769 0756 0.743 0.731 0.718 0706 0.694 0.683 0672 0.661 0.650 0640 0859 0864 0840 0.816 0794 0772 0.751 0.731 0.712 0.693 0.675 0.558 0.641 0.624 0.609 0.593 0.579 0.564 0.551 0537 0.524 0512 0.555 0821 0.792 0.763 0735 0708 0.683 0.659 0616 0.613 0.592 0572 0.552 0.334 0.516 0.499 0.482 0467 0451 0437 0423 0410 0.822 0784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0519 0.497 0476 0.456 0437 0419 0.402 0.386 0.370 0355 0341 0.328 0.790 0.746 0.705 0666 0630 0596 0.564 0.535 0307 0.480 0.456 0432 0410) 0.390 0370 0.352 0.335 0319 0303 0289 0275 0262 0760 0711 0.665 0.623 0.583 0.547 0513 0482 0.452 0.425 0.400 0.376 0354 0333 0314 0296 0.279 0.263 0.249 0.235 0.222 0210 0.731 0677 0.627 0.582 0540 0502 0.467 0434 0404 0376 0.351 0.327 0305 0285 0266 0249 0233 0218 0204 0.191 0.179 0.168 0.703 0645 0.592 0544 0300 0.460 0.424 0.391 0361 0333 0.308 0284 0.263 0.243 0.225 0.209 | 0.194 | 0180 0.167 0.155 0.144 0.134 0676 0614 0.558 0.508 0.463 3422 0386 0352 0322 0295 0270 0.247 0227 0.208 0.191 0.176 0.162 0.149 0.137 0.126 0.116 0.107 0.650 0385 0.527 0.475 0.429 0388 0.350 0.317 0287 0.261 0237 0215 0.195 0.178 0.162 0148 0.135 0.123 0112 0.105 0.094 0086 0.625 0.357 0.49 0.444 0397 0.356 0319 0.256 0257 0231 0.208 0.187 0.168 0.152 0137 0124 0112 0.102 0.092 0.083 0076 0069 0.368 0.326 0.290 0.258 0220 0204 0182 0163 0.145 0130 0116 0104 0093 0014 0.075 0.068 0061 0055 0577 0505 0.442 0.358 0.340 0.299 0.263 0232 0205 0.181 0.160 0141 0125 0.111 0.099 0088 0078 0069 0062 0.055 0.049 0044 0.555 0481 0417 0.362 0.315 0275 0239 0209 01 0160 0.140 0123 0108 0095 0.084 0.074 0.065 0057 0051 0.045 0.040 0.035 0534 0458 0394 0339 0292 0252 0.218 0.155 0.163 0141 0123 0.107 0.093 0.081 0.071 0.062 0.054 0.047 0042 0.036 0.032 0.028 0513 0436 0371 0317 0270 0231 0.198 0.170 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0052 0.045 0.039 0014 0030 0.026 0.023 0494 0416 0.350 0.296 0.250 0212 0.180 0.153 0130 0111 0.095 0.081 0069 0.059 0.051 0.044 0.038 0.032 0.028 0.024 0.021 0018 0.475 0.396 0.331 0.277 0.232 0194 0.164 0.138 0.116 0098 0.083 0.070 0.060 0.051 0.043 0.017 0.031 0.027 0.023 0.020 0017 0014 201 0456 0377 0312 0255 0.215 0.178 0.149 0.124 0104 0.087 0.073 0.061 0.051 0.043 0037 0.031 0.026 0022 0019 0.016 0.014 0.012 0439 0359 0.294 0.242 0199 0164 0.135 0.112 0.093 0077 0.064 0.053 0044 0.037 0.031 0.026 0022 0.018 0.015 0.013 0.011 0.009 0150 0123 0.101 0083 0068 0.056 0.046 0038 0.032 0.026 0022 0.018 0.015 0013 0.011 0.009 0.007 0.074 0.060 0039 0040 0033 0.027 0.022 0018 0015 0012 0.010 0.009 0.007 0.006 0.066 0053 0041 0.015 0.028 0.023 0019 0015 0013 0.010 0.008 0.007 0.006 0.005 0.059 0.047 0.035 0.030 0.024 0.020 0016 0013 0010 0.009 0.007 0.005 0.005 0.004 0053 0.042 0.033 0.026 021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 Perods 596 165 294 1 0.962 0.952 0 943 0935 3% 9% 0926 0917 2 0925 0.907 0.890 3 0.889 0.864 0.840 4 0.855 0.823 0.792 5 0.822 0.784 0.747 6 0.790 0.746 0.705 0.665 0.630 0596 0.564 T 0.760 0.7110665 0.731 0.677 0627 0.623 0.583 0.547 0.513 0.582 | 0.540 9 10 11 0.703 0.645 0.592 0676 0.614 0.558 0650 0.585 0.327 0502 0.467 0544 0300 0.460 0508 0463 0422 0434 12 13 15 16 17 18 0494 0416 0.350 19 0475 0.396 0.331 20 0456 0377 0.312 21 0439 0359 0.294 22 0.056 23 0.049 24 25 26 0.042 0.033 27 25 29 30 40 10% 11% 12% 17% 18% 19% 20% 2856 22% 0909 0901 0393 0855 0847 0.840 0.833 0826 0.820 0873 0857 0842 0.826 0.812 0.197 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0.694 0683 0672 0316 0794 0.772 0.751 0.731 0.712 0693 0.675 0.658 0.641 0.624 0609 0.593 0.579 0.564 0551 0.532 0.524 0.512 0.763 0235 0.708 0.683 0.659 0636 0613 0392 0372 0.352 0.334 0516 0.499 0.482 0467 0.451 0437 0.423 0410 0.713 0681 06500 621 0.593 0.567 | 0543 0.519 0.497 0476 0456 0437 0419 04020386 0.535 0 507 0480 0.456 0.432 0.410 0390 0170 0352 0335 0319 0.482 0452 0425 0.400 0.376 0.354 0.333 0314 0.296 0279 0.263 0404 0376 0.351 | 0327 0305) 0285 0266 0249 0.233 0.218 0.424 0.391 0361 0.333 0.308 0.284 0.263 0.243 0225 0209 0.1940180 0.167 | 0.155 0386 0.352 0.322 0295 0.270 0.247 0.227 0.208 0.191 0176 0.162 0.149 0.137 0.126 0116 0.107 0475 0429 0.388 0.350 0317 0287 0.261 0237 0.215 0195 0178 0162 0145 0135 0.1230112 0.103 0.094 0.086 0.625 0557 0.497 0.444 0397 0356 0319 0.286 | 0.257 0.231 0208 0.187 0168 0.152 0137 0124 0112 0102 0092 0.083 0.076 0.069 0.601 0510 0469 0415 0.368 0.326 0290 0.258 0229 0.204 0182 0.163 0.145 0.130 0.116 0104 0.093 0.084 0.075 0068 0061 0.055 14 0.577 0.505 0.442 0.38% 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0099 0088 0078 0.069 0.062 0.055 0.049 0.044 05550481 0417 0362 03159 275 0239 0209 0183 0160 0140 0.123 0.108 10.095 0.084 0074 0065 0.057 0.051 0.045 0.040 0.035 0534 0458 0.394 0339 0292 0252 0.218 0188 0163 0.141 0123 0107 0.095 0.081 0.071 0.062 0054 0047 0.042 0.036 0.032 0.028 051 0436 0311 0.317 0270 0231 0198 0.170 0.146 0125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0.296 0250 0.212 0180 0.153 0.130 01110095 0.081 0069 0.059 0.051 0.044 0.038 0032 0.028 0024 0021 0.018 0277 0232 0194 0164 0138 0.116 0.098 0.083 00500051 0.045 0.037 0.0310027 0.023 0.020 0.017 0.014 0258 0215 0178 0149 0124 0.104 0.087 0073 0.061 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.242 0.199 0.164 0135 0112 0093 0.077 0064 0053 0.044 0017 0011 0.026 0022 0.018 0.015 0.013 0.011 0.009 0422 0.342 0278 0226 0184 0.150 0123 0.101 0083 0068 0046 0.038 0.032 0.026 0.022 0.015 0015 0013 0.011 0.009 0.007 0406 0326 0262 0211 0170 0.131 0112 0091 0.074 0.060 0.0400033 0.027 0.022 0.018 0.015 0.012 0.010 0.009 0.007 0.006 0390 0.310 0247 0.197 0.158 0126 0.102 0.042 0066 0.053 0043 0.035 10025 0.023 0.019 0015 0.033 0010 0008 0.007 0.006 0.005 0375 0295 0.233 0154 0.146 0116 0092 0.074 0.059 0047 0.018 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0007 0.006 0361 0281 0.220 0.172 0135 0106 0084 0.066 0.053 0.005 0.004 0.026 0.021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0347 0.258 0207 0.361 0125 0.095 0076 0060 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.0090007 0.006 0.005 0.004 0.003 0.002 0333 0.255 0.196 0150 0.116 0090 0.069 0.054 0.042 0.033 0026 0020 0.016 0.012 0010 0008 0.006 0.005 0.004 0.003 0.002 0.002 0321 0243 0.185 0141 0107 0082 0.063 0.048 0.017 0.029 0022 0017 0.014 0.011 0.005 0005 0.005 0.004 0.003 0.002 0.002 0.002 0308 0231 0174 0.131 0099 0075 0.057 0044 0.033 0.026 0.020 0015 0012 0.009 0.007 0.005 0.004 0.003 0.003 0.002 0.002 0.001 0208 0142 0097 0.067 0.046 0032 0.022 0.015 0.011 0.008 0.005 0.0040003 0.002 0.001 0.001 0.001 0.000 0.000 0000 0.000 0.000 13% 14% 15% 10% 0885 0.877 0.870 0.862 23% 24% 25% 0.813 0.806 0800 0.661 0.650 0640 0370 0355 0341 0.328. 0303 0289 0.275 0.262 0.249 0.235 0.222 0.210 0204 0.191 0179 0168 0.144 0134 0070 0.012 EXHIBIT 148-2 Present Value of an Annuity of S1 in Arrears; - Periods 4% 5% 6% 766 8% 9% 12% 14% I 0.962 0952 0.943 0.935 2 1886 1859 1.833 1.808 0926 0917 1.783 1.759 3 2.775 2.723 2.673 2.624 2.577 2.551 4 3.630 3546 3465 3387 5 6 4452 4329 4212 4.100 5.242 7 8 9 10 11 12 13 14 15 11118 10.350 9.712 9.105 16 11.652 10 838 10 106 17 12 166 11 274 18 19 20 23 9.292 22 23 24 25 20% 21% 19% 16% 17% 10% 11% 13% 0909 0.901 0893 0.885 0.877 0.8700862 0.855 0.847 0.840 0.833 0.826 0.820 0813 0.806 0.800 1.509 1.492 1.474 1566 1347 1.528 1457 1440 1668 1.736 1713 1690 1.647 1626 1.605 1585 2487 2444 2402 2.361 2.322 2.283 2246 2.210 2174 2140 2106 2074 2042 2011 1981 1952 3.312 3240 3.170 3.107 1017 2.974 2914 2.855 2798 2.743 2.690 2639 2.589 2.540 2.494 2448 2.404 2362 3274 3199 3.127 3058 2.991 2.926 2.864 2.803 2.745 2689 3.993 3890 3.791 3.696 3605 3517 3.433 3.352 3.020 2951 5.076 4.917 4.767 4.623 4456 4.355 4.231 4.111 3998 3.819 3784 3.685 3.589 3.498 3.410 3326 3.245 3.167 3.092 5033 4.368 6.002 5.786 5.582 5.3895206 4712 4364 4288 4 160 4039 3.922 3312 3706 3.605508 3.416 1327 3242 3161 4.423 4078 3.954 3.837 3/26 3.619 3318 3421 3.329 6.733 646) 6.210 5971 5.747 5.535 5.335 5.146 4.965 4799 4.639 4487 4144 4207 3.673 3566 3.463 74357.108 6802 6515 6247 5.995 5.759 5.597 5.328 5132 4.946 4.7772 4 607 4:451 4.303 4 163 4011 3.905 3.786 8111 722 7.360 7.024 6710 6418 6.145 5.389 5.650 5.426 5.216 5.019 4333 4.659 4.494 4.339 4.192 4.054 3.923 31799 3682 1.760 306 87 7.499 7139 6805 6.495 6.207 5.938 5.687 5.453 5.254 5029 4.836 4.656 4.486 4327 4177 4.035 3.902 3776 4.795 4.6114419 427 4127 3985 3851 3725 9.385 886) 354 7943 7536 7161 614 6.492 6.194 591 5660 5.421 5197 4988 9.986 4.910 4715 4539 436 4203 4.053 3912 3.780 9.304 8.853 358 7904 7417 7.103 6750 6424 6122 5842 5583 5.342 5.118 10.56) 9.899 9.295 745 $244 7736 7367 6982 6.625 6.302 6002 5.724 5.465 5229 5.008 4.102 4611 4432 4.265 4 10 3.962 3824 5.575 5.324 5092 4.376 4.6754419 4.3154155 4.001 359 559 061 7606 7191 6811 6462 6142 5.347 4033 3887 5661 5.405 5.162 4.9384780 4.536 4.357 4.189 9.447 8851 313 7424 7379 6974 6.604 6.265 59541 10.477 9.761 9122 544 022 7549 7.120 6729 6.373 6047 5749 545 5.222 4.990 4775 4576 43914.219 4059 3910 12 659 11.690 10 828 10 059 9.372 756 8201 7702 7.250 6.840 6.467 6.128 5811 5534 5.273 503) 4.812 4.608 4419 4.243 4.080 1928 4.8434635 4442 4.263 4.097 3.942 13:134 12.015 11.158 10336 9 604 $950 365 7839 366 6.938 6.550 6.198 5877 5.584 5316 5010 1.469 13590 12.462 11.470 10.594 9.816 9.129 514 7.963 7.025 6.63 6259 5929 5.628 5353 5.101 4.870 4657 4460 4.279 4.110 954 14029 12.821 11764 1036 10 017 8.649 075 7562 71026687 6312 5975 5.665 5.384 5.127 489146754.476 4.292 4121 3.963 645 4.488 7.170 674 6359 60115.696 5.410 5149 4.909 4.690 14.451 13.163 12.042 11.063 10 201 9.442 8.772 8176 4.302 4130 3970 4499 4311 4137 3.976 14.857 13.489 12.303 11.272 10.371 9.580 8883 8.266 7716 7230 6.192 6399 6044 5.723 5.432 5.1674925 4.703 15.247 13 799 12.550 11.469 10.529 9.707 8.985 8.348 7.784 7.283 6.835 6434 6075 5.746 5:451 5182 4937 4.713 45074318 4143 3.981 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8422 2,843 7.330 6.873 6.464 6097 5766 5.467 5.195 4.945 4721 4514 4323 4147 5.985 15% 18% 22% 2.3% 24% 25% 3.571 3.656 26 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8488 7895 7372 6.906 6491 6115 5.783 5.450 5.206 4.955 4728 4520 4328 4151 3.988 S Q Search 11/29/2 Penods 4% -5% 1 2 6% 0952 0943 1.833 1859 7% 0.935 0926 1.808 1783 8% 12% 13% 14% 3 4 3 4452 6 5242 7 8 6.002 6.733 9 10 11 121 13 14 15 16. 17 18 19 20 21 22 23 11 118 10 380 97129.10% 8559 061 1152 10 10 106 9.447 8851 313 12.166 11274 10.477 9.761 9.122 8544 12 659 11.690 10.128 10.059 9372 83056 13.134 12015 11:158 10.336 9604 950 13.590 12.462 11470 10.594 9818 9.429 14.029 12821 11764 10.136 10.017 9292 14.451 13.163 12 042 11.061 10201 9447 14.557 18.489 12 303 11272 10371 9.580 883 24 25 26 27 28 29 30 40 8.694 19793 17 159 15 046 13.332 11.925 10.757 979 8951 24% 25% 18% 19% 10% 13% 11% 3856 0962 0.901 0.917 0909 0.893 0885 0877 0.870 0862 0.855 0847 0840 0833 0826 0820 0.813 0.806 0.800 1474 1457 1440 1.626 1605 1.585 1566 1547 1.528 1509 1492 1886 1647 1.736 1713 1690 1668 1759 2210 2.174 2140 2106 2074 2042 2011 1981 1952 2.775 2.723 2673 2624 2577 2531 2487 2444 2.402 2.361 2322 2.283 2.246 3630 3.546 3 240 3170 2.974 2914 2855 2.798 2.743 2.690 2639 2.589 2540 2494 2448 2.404 2362) 3.465 3387 3.312 3.102 3037 2689 3127 3.058 2.991 2926 2.864 2.803 2.7451 4.329 4.212 3517 3433 3.352 3.274 3.199 4.100 3.993 3.890 3.791 3.696 3.605 2951 5.076 4917 4.767 4.623 4486 4355 4.231 3498 3.410 3326 3245 3.167 3.092 3020 4.111 3.998 3.889 3784 3685 3589 4423 4285 41604019 3.922 5.206 5033 4.868 4.712 4564 3.812 3.706 3.605 3508 3.416 3.327 3.242 3.161 5389 5.786 | 5582 3.954 3.817 3.726 3.619 3.318 3.421 4.487 4.344 4.207 4.078 6210 591 5.747 5.535 5335 5.146 4968 4.799 4.639 6463 3.786 4.451 4303 4.163 4.031 3905 3.673 1.560 7435 7.108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5.132 4.946 4.772 4.607 4659 4494 4.339 4.192 4.054 3.923 3,799 1682 3571 8311 722 7360 7024 6.210 6418 6145 5.889 5.650 5.426 5.216 4486 4.327 4.177 4035 3.902 3.776 3656 8.760 8306 7887 7499 139 6805 6.4956207 5.938 5.687 5.453 5214 5.029 436 4.656 4.611 4.439 4278 4121 3985 3.851 3.725 9.385 88618384 7.943 7536 7.161 6.814 6.492 6 194 5918 5660 5.421 5.197 4988 4793 9.986 9394 853 35879047487 7.101 6.750 6.424 6.122 5842 5.583 5.342 5.118 4.910 4.715 4533 4.362 4.201 4.033 3912 3780 4.108 3.962 3824 10.565 98999295 8.745 8244 7786 7.367 6912 6628 6.302 6.002 524 5 468 5.229 5.00 4802 4.611 4432 4263 7606 7131 6311 6462 6142 5847 5.575 5:324 5092 4476 4.675 4489 4315 41534.001 7.824 7379 6.974 | 6604 6.265 5.954566854055162 4938 4750 4516 4357 4189 4033 022 7.549 7.120 6729 637) 6.047 5249 5.475 52224990 40754576 439 4219 4.059 3910 201 7.202 7.250 6840 6 467 6128 5810 5534 527) 5033 48124601 4419 4243 365 739 7.366 6948 6.550 6.198 577 5.384 5316 5.070 4.8414635 44424263 4097 3942 314 7.963 7.469 2.025 6.621 6.259 5.929 5628 53535101487046574460 4279 4110 1954 6.312 5.97 5.665 53845127 4.891 4.675 4476 4292 4121 3963 609.075 562 2.102 6687 4.302 4130 3970 772 8176 7645 7170 743 6.359 6.011 5.696 5410 5149 4909 4.690 4488 8.266 7718 7230 6.792 6.399 6.044 5.723 5432 5.167 4.925 4.703 4499 4311 4137 3916 15.247 13.799 12.550 11.469 10529 9.7078.985 348 784 7283 6.835 6.434 6073 5.746 5451 5.312 4.937 4/13 350 4318 4.143 3981 6.09 5.766 5.467 5.195 49484234514 4323 4147 3985) 15.622 14.094 12.783 11 654 10.65 9893 9.077 8422 7843 7930 6.873 6.464 4.151 3.988 15.983 14375 13.003 11.826 10310 9.929 9.161 8.488 7896 7.372 6.9066491 6.118 5783 5.480 5206 4956 4.728 4.320 4328 16.330 14.643 13.211 11 987 10955 10.027 9.237 8.548 2.943 7.4096.935 6.514 6.1365.198 549 5215 4.964 4734 45244332 4.154 3.990 7.984 7.441 6961 6534 0.152 58105:502 5223 4970 4.739 4528 4.335 4457 3.992 16.663 14.89 13 406 12.137 11.051 10.116 9.307 8.602 14337 6.983 6551 6.166 5820 5510 5.2294.975 4.743 4.531 4.159 3991 36.984 15.141 13.591 12.278 11.158 10.19 9370 650 022 7.470 17.292 15372 13.765 12 409 11.255 10274 9427 8.055 7496 2003 6 566 6.177 5.829 5510 5255 4979 4746 4534 4.339 4.160 3.995 3999 8244 7634 105 6.642 62335.8715.548 5238 4997 4.760 4.544 4.34 4.166 16% 17% 20% 21% 23% 22% 3.329 3463 5,019 4.833 3859 3887) 4080 3.928 Annual casn innows from two competing investment projects are given below: Year 1 Investment A $ 5,000 Investment B $ 8,000 2 6,000 7,000 3 7,000 6,000 4 8,000 5,000 $ 26,000 $ 26,000 The discount rate is 11%. Click here to view Exhibit 14B-1 and Exhibit 148-2 to determine the appropriate discount factor(s) using tables. Required: Compute the present value of the cash inflows for each investment. Present Value of Cash Flows Year Investment A Investment B 1 2 3 4 0 $ EXHIBIT 148-1 1 Present Value of $1, (1+r) Periods 4%6 5% 8% 10% 11% 1 2 3 4 5 6 T 9 10 11 12 13 0601 05300 469 0.415 14 15 16 17 18 19 21 22 23 24. 26 0422 0342 0278 0226 0154 0.406 0326 0.263 0.211 0.170 0.138 0112 0091 0.390 0.310 0.247 0.197 0158 0126 0.102 0.012 25 0.375 0295 0.233 0.184 0146 0116 0092 0.074 0361 0281 0220 0172 0.135 0106 0.084 0.066 7% 9% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.962 0.952 0.943 0.935 0.926 0917 0.909 0.901 0893 0.885 0.877 0.870 0862 0.855 0847 0.840 0.833 0826 0.820 0.813 0.806 0.800 0925 0.907 0.890 0873 0157 0.842 0.826 0812 0.297 0.783 0.769 0756 0.743 0.731 0.718 0706 0.694 0.683 0672 0.661 0.650 0640 0859 0864 0840 0.816 0794 0772 0.751 0.731 0.712 0.693 0.675 0.558 0.641 0.624 0.609 0.593 0.579 0.564 0.551 0537 0.524 0512 0.555 0821 0.792 0.763 0735 0708 0.683 0.659 0616 0.613 0.592 0572 0.552 0.334 0.516 0.499 0.482 0467 0451 0437 0423 0410 0.822 0784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0519 0.497 0476 0.456 0437 0419 0.402 0.386 0.370 0355 0341 0.328 0.790 0.746 0.705 0666 0630 0596 0.564 0.535 0307 0.480 0.456 0432 0410) 0.390 0370 0.352 0.335 0319 0303 0289 0275 0262 0760 0711 0.665 0.623 0.583 0.547 0513 0482 0.452 0.425 0.400 0.376 0354 0333 0314 0296 0.279 0.263 0.249 0.235 0.222 0210 0.731 0677 0.627 0.582 0540 0502 0.467 0434 0404 0376 0.351 0.327 0305 0285 0266 0249 0233 0218 0204 0.191 0.179 0.168 0.703 0645 0.592 0544 0300 0.460 0.424 0.391 0361 0333 0.308 0284 0.263 0.243 0.225 0.209 | 0.194 | 0180 0.167 0.155 0.144 0.134 0676 0614 0.558 0.508 0.463 3422 0386 0352 0322 0295 0270 0.247 0227 0.208 0.191 0.176 0.162 0.149 0.137 0.126 0.116 0.107 0.650 0385 0.527 0.475 0.429 0388 0.350 0.317 0287 0.261 0237 0215 0.195 0.178 0.162 0148 0.135 0.123 0112 0.105 0.094 0086 0.625 0.357 0.49 0.444 0397 0.356 0319 0.256 0257 0231 0.208 0.187 0.168 0.152 0137 0124 0112 0.102 0.092 0.083 0076 0069 0.368 0.326 0.290 0.258 0220 0204 0182 0163 0.145 0130 0116 0104 0093 0014 0.075 0.068 0061 0055 0577 0505 0.442 0.358 0.340 0.299 0.263 0232 0205 0.181 0.160 0141 0125 0.111 0.099 0088 0078 0069 0062 0.055 0.049 0044 0.555 0481 0417 0.362 0.315 0275 0239 0209 01 0160 0.140 0123 0108 0095 0.084 0.074 0.065 0057 0051 0.045 0.040 0.035 0534 0458 0394 0339 0292 0252 0.218 0.155 0.163 0141 0123 0.107 0.093 0.081 0.071 0.062 0.054 0.047 0042 0.036 0.032 0.028 0513 0436 0371 0317 0270 0231 0.198 0.170 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0052 0.045 0.039 0014 0030 0.026 0.023 0494 0416 0.350 0.296 0.250 0212 0.180 0.153 0130 0111 0.095 0.081 0069 0.059 0.051 0.044 0.038 0.032 0.028 0.024 0.021 0018 0.475 0.396 0.331 0.277 0.232 0194 0.164 0.138 0.116 0098 0.083 0.070 0.060 0.051 0.043 0.017 0.031 0.027 0.023 0.020 0017 0014 201 0456 0377 0312 0255 0.215 0.178 0.149 0.124 0104 0.087 0.073 0.061 0.051 0.043 0037 0.031 0.026 0022 0019 0.016 0.014 0.012 0439 0359 0.294 0.242 0199 0164 0.135 0.112 0.093 0077 0.064 0.053 0044 0.037 0.031 0.026 0022 0.018 0.015 0.013 0.011 0.009 0150 0123 0.101 0083 0068 0.056 0.046 0038 0.032 0.026 0022 0.018 0.015 0013 0.011 0.009 0.007 0.074 0.060 0039 0040 0033 0.027 0.022 0018 0015 0012 0.010 0.009 0.007 0.006 0.066 0053 0041 0.015 0.028 0.023 0019 0015 0013 0.010 0.008 0.007 0.006 0.005 0.059 0.047 0.035 0.030 0.024 0.020 0016 0013 0010 0.009 0.007 0.005 0.005 0.004 0053 0.042 0.033 0.026 021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 Perods 596 165 294 1 0.962 0.952 0 943 0935 3% 9% 0926 0917 2 0925 0.907 0.890 3 0.889 0.864 0.840 4 0.855 0.823 0.792 5 0.822 0.784 0.747 6 0.790 0.746 0.705 0.665 0.630 0596 0.564 T 0.760 0.7110665 0.731 0.677 0627 0.623 0.583 0.547 0.513 0.582 | 0.540 9 10 11 0.703 0.645 0.592 0676 0.614 0.558 0650 0.585 0.327 0502 0.467 0544 0300 0.460 0508 0463 0422 0434 12 13 15 16 17 18 0494 0416 0.350 19 0475 0.396 0.331 20 0456 0377 0.312 21 0439 0359 0.294 22 0.056 23 0.049 24 25 26 0.042 0.033 27 25 29 30 40 10% 11% 12% 17% 18% 19% 20% 2856 22% 0909 0901 0393 0855 0847 0.840 0.833 0826 0.820 0873 0857 0842 0.826 0.812 0.197 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0.694 0683 0672 0316 0794 0.772 0.751 0.731 0.712 0693 0.675 0.658 0.641 0.624 0609 0.593 0.579 0.564 0551 0.532 0.524 0.512 0.763 0235 0.708 0.683 0.659 0636 0613 0392 0372 0.352 0.334 0516 0.499 0.482 0467 0.451 0437 0.423 0410 0.713 0681 06500 621 0.593 0.567 | 0543 0.519 0.497 0476 0456 0437 0419 04020386 0.535 0 507 0480 0.456 0.432 0.410 0390 0170 0352 0335 0319 0.482 0452 0425 0.400 0.376 0.354 0.333 0314 0.296 0279 0.263 0404 0376 0.351 | 0327 0305) 0285 0266 0249 0.233 0.218 0.424 0.391 0361 0.333 0.308 0.284 0.263 0.243 0225 0209 0.1940180 0.167 | 0.155 0386 0.352 0.322 0295 0.270 0.247 0.227 0.208 0.191 0176 0.162 0.149 0.137 0.126 0116 0.107 0475 0429 0.388 0.350 0317 0287 0.261 0237 0.215 0195 0178 0162 0145 0135 0.1230112 0.103 0.094 0.086 0.625 0557 0.497 0.444 0397 0356 0319 0.286 | 0.257 0.231 0208 0.187 0168 0.152 0137 0124 0112 0102 0092 0.083 0.076 0.069 0.601 0510 0469 0415 0.368 0.326 0290 0.258 0229 0.204 0182 0.163 0.145 0.130 0.116 0104 0.093 0.084 0.075 0068 0061 0.055 14 0.577 0.505 0.442 0.38% 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0099 0088 0078 0.069 0.062 0.055 0.049 0.044 05550481 0417 0362 03159 275 0239 0209 0183 0160 0140 0.123 0.108 10.095 0.084 0074 0065 0.057 0.051 0.045 0.040 0.035 0534 0458 0.394 0339 0292 0252 0.218 0188 0163 0.141 0123 0107 0.095 0.081 0.071 0.062 0054 0047 0.042 0.036 0.032 0.028 051 0436 0311 0.317 0270 0231 0198 0.170 0.146 0125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0.296 0250 0.212 0180 0.153 0.130 01110095 0.081 0069 0.059 0.051 0.044 0.038 0032 0.028 0024 0021 0.018 0277 0232 0194 0164 0138 0.116 0.098 0.083 00500051 0.045 0.037 0.0310027 0.023 0.020 0.017 0.014 0258 0215 0178 0149 0124 0.104 0.087 0073 0.061 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.242 0.199 0.164 0135 0112 0093 0.077 0064 0053 0.044 0017 0011 0.026 0022 0.018 0.015 0.013 0.011 0.009 0422 0.342 0278 0226 0184 0.150 0123 0.101 0083 0068 0046 0.038 0.032 0.026 0.022 0.015 0015 0013 0.011 0.009 0.007 0406 0326 0262 0211 0170 0.131 0112 0091 0.074 0.060 0.0400033 0.027 0.022 0.018 0.015 0.012 0.010 0.009 0.007 0.006 0390 0.310 0247 0.197 0.158 0126 0.102 0.042 0066 0.053 0043 0.035 10025 0.023 0.019 0015 0.033 0010 0008 0.007 0.006 0.005 0375 0295 0.233 0154 0.146 0116 0092 0.074 0.059 0047 0.018 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0007 0.006 0361 0281 0.220 0.172 0135 0106 0084 0.066 0.053 0.005 0.004 0.026 0.021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0347 0.258 0207 0.361 0125 0.095 0076 0060 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.0090007 0.006 0.005 0.004 0.003 0.002 0333 0.255 0.196 0150 0.116 0090 0.069 0.054 0.042 0.033 0026 0020 0.016 0.012 0010 0008 0.006 0.005 0.004 0.003 0.002 0.002 0321 0243 0.185 0141 0107 0082 0.063 0.048 0.017 0.029 0022 0017 0.014 0.011 0.005 0005 0.005 0.004 0.003 0.002 0.002 0.002 0308 0231 0174 0.131 0099 0075 0.057 0044 0.033 0.026 0.020 0015 0012 0.009 0.007 0.005 0.004 0.003 0.003 0.002 0.002 0.001 0208 0142 0097 0.067 0.046 0032 0.022 0.015 0.011 0.008 0.005 0.0040003 0.002 0.001 0.001 0.001 0.000 0.000 0000 0.000 0.000 13% 14% 15% 10% 0885 0.877 0.870 0.862 23% 24% 25% 0.813 0.806 0800 0.661 0.650 0640 0370 0355 0341 0.328. 0303 0289 0.275 0.262 0.249 0.235 0.222 0.210 0204 0.191 0179 0168 0.144 0134 0070 0.012 EXHIBIT 148-2 Present Value of an Annuity of S1 in Arrears; - Periods 4% 5% 6% 766 8% 9% 12% 14% I 0.962 0952 0.943 0.935 2 1886 1859 1.833 1.808 0926 0917 1.783 1.759 3 2.775 2.723 2.673 2.624 2.577 2.551 4 3.630 3546 3465 3387 5 6 4452 4329 4212 4.100 5.242 7 8 9 10 11 12 13 14 15 11118 10.350 9.712 9.105 16 11.652 10 838 10 106 17 12 166 11 274 18 19 20 23 9.292 22 23 24 25 20% 21% 19% 16% 17% 10% 11% 13% 0909 0.901 0893 0.885 0.877 0.8700862 0.855 0.847 0.840 0.833 0.826 0.820 0813 0.806 0.800 1.509 1.492 1.474 1566 1347 1.528 1457 1440 1668 1.736 1713 1690 1.647 1626 1.605 1585 2487 2444 2402 2.361 2.322 2.283 2246 2.210 2174 2140 2106 2074 2042 2011 1981 1952 3.312 3240 3.170 3.107 1017 2.974 2914 2.855 2798 2.743 2.690 2639 2.589 2.540 2.494 2448 2.404 2362 3274 3199 3.127 3058 2.991 2.926 2.864 2.803 2.745 2689 3.993 3890 3.791 3.696 3605 3517 3.433 3.352 3.020 2951 5.076 4.917 4.767 4.623 4456 4.355 4.231 4.111 3998 3.819 3784 3.685 3.589 3.498 3.410 3326 3.245 3.167 3.092 5033 4.368 6.002 5.786 5.582 5.3895206 4712 4364 4288 4 160 4039 3.922 3312 3706 3.605508 3.416 1327 3242 3161 4.423 4078 3.954 3.837 3/26 3.619 3318 3421 3.329 6.733 646) 6.210 5971 5.747 5.535 5.335 5.146 4.965 4799 4.639 4487 4144 4207 3.673 3566 3.463 74357.108 6802 6515 6247 5.995 5.759 5.597 5.328 5132 4.946 4.7772 4 607 4:451 4.303 4 163 4011 3.905 3.786 8111 722 7.360 7.024 6710 6418 6.145 5.389 5.650 5.426 5.216 5.019 4333 4.659 4.494 4.339 4.192 4.054 3.923 31799 3682 1.760 306 87 7.499 7139 6805 6.495 6.207 5.938 5.687 5.453 5.254 5029 4.836 4.656 4.486 4327 4177 4.035 3.902 3776 4.795 4.6114419 427 4127 3985 3851 3725 9.385 886) 354 7943 7536 7161 614 6.492 6.194 591 5660 5.421 5197 4988 9.986 4.910 4715 4539 436 4203 4.053 3912 3.780 9.304 8.853 358 7904 7417 7.103 6750 6424 6122 5842 5583 5.342 5.118 10.56) 9.899 9.295 745 $244 7736 7367 6982 6.625 6.302 6002 5.724 5.465 5229 5.008 4.102 4611 4432 4.265 4 10 3.962 3824 5.575 5.324 5092 4.376 4.6754419 4.3154155 4.001 359 559 061 7606 7191 6811 6462 6142 5.347 4033 3887 5661 5.405 5.162 4.9384780 4.536 4.357 4.189 9.447 8851 313 7424 7379 6974 6.604 6.265 59541 10.477 9.761 9122 544 022 7549 7.120 6729 6.373 6047 5749 545 5.222 4.990 4775 4576 43914.219 4059 3910 12 659 11.690 10 828 10 059 9.372 756 8201 7702 7.250 6.840 6.467 6.128 5811 5534 5.273 503) 4.812 4.608 4419 4.243 4.080 1928 4.8434635 4442 4.263 4.097 3.942 13:134 12.015 11.158 10336 9 604 $950 365 7839 366 6.938 6.550 6.198 5877 5.584 5316 5010 1.469 13590 12.462 11.470 10.594 9.816 9.129 514 7.963 7.025 6.63 6259 5929 5.628 5353 5.101 4.870 4657 4460 4.279 4.110 954 14029 12.821 11764 1036 10 017 8.649 075 7562 71026687 6312 5975 5.665 5.384 5.127 489146754.476 4.292 4121 3.963 645 4.488 7.170 674 6359 60115.696 5.410 5149 4.909 4.690 14.451 13.163 12.042 11.063 10 201 9.442 8.772 8176 4.302 4130 3970 4499 4311 4137 3.976 14.857 13.489 12.303 11.272 10.371 9.580 8883 8.266 7716 7230 6.192 6399 6044 5.723 5.432 5.1674925 4.703 15.247 13 799 12.550 11.469 10.529 9.707 8.985 8.348 7.784 7.283 6.835 6434 6075 5.746 5:451 5182 4937 4.713 45074318 4143 3.981 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8422 2,843 7.330 6.873 6.464 6097 5766 5.467 5.195 4.945 4721 4514 4323 4147 5.985 15% 18% 22% 2.3% 24% 25% 3.571 3.656 26 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8488 7895 7372 6.906 6491 6115 5.783 5.450 5.206 4.955 4728 4520 4328 4151 3.988 S Q Search 11/29/2 Penods 4% -5% 1 2 6% 0952 0943 1.833 1859 7% 0.935 0926 1.808 1783 8% 12% 13% 14% 3 4 3 4452 6 5242 7 8 6.002 6.733 9 10 11 121 13 14 15 16. 17 18 19 20 21 22 23 11 118 10 380 97129.10% 8559 061 1152 10 10 106 9.447 8851 313 12.166 11274 10.477 9.761 9.122 8544 12 659 11.690 10.128 10.059 9372 83056 13.134 12015 11:158 10.336 9604 950 13.590 12.462 11470 10.594 9818 9.429 14.029 12821 11764 10.136 10.017 9292 14.451 13.163 12 042 11.061 10201 9447 14.557 18.489 12 303 11272 10371 9.580 883 24 25 26 27 28 29 30 40 8.694 19793 17 159 15 046 13.332 11.925 10.757 979 8951 24% 25% 18% 19% 10% 13% 11% 3856 0962 0.901 0.917 0909 0.893 0885 0877 0.870 0862 0.855 0847 0840 0833 0826 0820 0.813 0.806 0.800 1474 1457 1440 1.626 1605 1.585 1566 1547 1.528 1509 1492 1886 1647 1.736 1713 1690 1668 1759 2210 2.174 2140 2106 2074 2042 2011 1981 1952 2.775 2.723 2673 2624 2577 2531 2487 2444 2.402 2.361 2322 2.283 2.246 3630 3.546 3 240 3170 2.974 2914 2855 2.798 2.743 2.690 2639 2.589 2540 2494 2448 2.404 2362) 3.465 3387 3.312 3.102 3037 2689 3127 3.058 2.991 2926 2.864 2.803 2.7451 4.329 4.212 3517 3433 3.352 3.274 3.199 4.100 3.993 3.890 3.791 3.696 3.605 2951 5.076 4917 4.767 4.623 4486 4355 4.231 3498 3.410 3326 3245 3.167 3.092 3020 4.111 3.998 3.889 3784 3685 3589 4423 4285 41604019 3.922 5.206 5033 4.868 4.712 4564 3.812 3.706 3.605 3508 3.416 3.327 3.242 3.161 5389 5.786 | 5582 3.954 3.817 3.726 3.619 3.318 3.421 4.487 4.344 4.207 4.078 6210 591 5.747 5.535 5335 5.146 4968 4.799 4.639 6463 3.786 4.451 4303 4.163 4.031 3905 3.673 1.560 7435 7.108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5.132 4.946 4.772 4.607 4659 4494 4.339 4.192 4.054 3.923 3,799 1682 3571 8311 722 7360 7024 6.210 6418 6145 5.889 5.650 5.426 5.216 4486 4.327 4.177 4035 3.902 3.776 3656 8.760 8306 7887 7499 139 6805 6.4956207 5.938 5.687 5.453 5214 5.029 436 4.656 4.611 4.439 4278 4121 3985 3.851 3.725 9.385 88618384 7.943 7536 7.161 6.814 6.492 6 194 5918 5660 5.421 5.197 4988 4793 9.986 9394 853 35879047487 7.101 6.750 6.424 6.122 5842 5.583 5.342 5.118 4.910 4.715 4533 4.362 4.201 4.033 3912 3780 4.108 3.962 3824 10.565 98999295 8.745 8244 7786 7.367 6912 6628 6.302 6.002 524 5 468 5.229 5.00 4802 4.611 4432 4263 7606 7131 6311 6462 6142 5847 5.575 5:324 5092 4476 4.675 4489 4315 41534.001 7.824 7379 6.974 | 6604 6.265 5.954566854055162 4938 4750 4516 4357 4189 4033 022 7.549 7.120 6729 637) 6.047 5249 5.475 52224990 40754576 439 4219 4.059 3910 201 7.202 7.250 6840 6 467 6128 5810 5534 527) 5033 48124601 4419 4243 365 739 7.366 6948 6.550 6.198 577 5.384 5316 5.070 4.8414635 44424263 4097 3942 314 7.963 7.469 2.025 6.621 6.259 5.929 5628 53535101487046574460 4279 4110 1954 6.312 5.97 5.665 53845127 4.891 4.675 4476 4292 4121 3963 609.075 562 2.102 6687 4.302 4130 3970 772 8176 7645 7170 743 6.359 6.011 5.696 5410 5149 4909 4.690 4488 8.266 7718 7230 6.792 6.399 6.044 5.723 5432 5.167 4.925 4.703 4499 4311 4137 3916 15.247 13.799 12.550 11.469 10529 9.7078.985 348 784 7283 6.835 6.434 6073 5.746 5451 5.312 4.937 4/13 350 4318 4.143 3981 6.09 5.766 5.467 5.195 49484234514 4323 4147 3985) 15.622 14.094 12.783 11 654 10.65 9893 9.077 8422 7843 7930 6.873 6.464 4.151 3.988 15.983 14375 13.003 11.826 10310 9.929 9.161 8.488 7896 7.372 6.9066491 6.118 5783 5.480 5206 4956 4.728 4.320 4328 16.330 14.643 13.211 11 987 10955 10.027 9.237 8.548 2.943 7.4096.935 6.514 6.1365.198 549 5215 4.964 4734 45244332 4.154 3.990 7.984 7.441 6961 6534 0.152 58105:502 5223 4970 4.739 4528 4.335 4457 3.992 16.663 14.89 13 406 12.137 11.051 10.116 9.307 8.602 14337 6.983 6551 6.166 5820 5510 5.2294.975 4.743 4.531 4.159 3991 36.984 15.141 13.591 12.278 11.158 10.19 9370 650 022 7.470 17.292 15372 13.765 12 409 11.255 10274 9427 8.055 7496 2003 6 566 6.177 5.829 5510 5255 4979 4746 4534 4.339 4.160 3.995 3999 8244 7634 105 6.642 62335.8715.548 5238 4997 4.760 4.544 4.34 4.166 16% 17% 20% 21% 23% 22% 3.329 3463 5,019 4.833 3859 3887) 4080 3.928
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Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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