At January 1, 2024, Caf Med leased restaurant equipment from Crescent Corporation under a nine-year lease...
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At January 1, 2024, Caf Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $29,000 beginning January 1, 2024, the beginning of the lease, and on each December 31 thereafter through 2031. The equipment was acquired recently by Crescent at a cost of $207,000 (its fair value) and was expected to have a useful life of 12 years with no salvage value at the end of its life. Because the lease term is only 9 years, the asset does have an expected residual value at the end of the lease term of $94,113. Crescent seeks a 12% return on its lease investments. By this arrangement, the lease is deemed to be a finance lease. Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) Required: 1. What will be the effect of the lease on Caf Med's earnings for the first year (ignore taxes)? Note: Enter decreases with negative sign. 2. What will be the balances in the balance sheet accounts related to the lease at the end of the first year for Caf Med (ignore taxes)? Note: For all requirements, round your intermediate calculations and final answers to the nearest whole dollars. 1. Effect on earnings 2. Lease payable balance (end of year) 2. Right-of-use asset balance (end of year) Table 3 Future Value of an Ordinary Annuity of $1 FVA ((1+)-1 / 1.05 1.5% 2.0% 2.59 3.0% 3.5% 6.05 I 1.0000 1.0000 1.0000 1.0000 1.600 1.0000 1.0000 4.5% 1.0068 5.0% 5.5% 1.0000 1.0000 6.0% 7.0% 1.P 9.05 10.0% 11.09 1.0660 1.0000 1.0000 1.0000 1.0000 1.0000 2 2.0100 2.0330 2.0200 2.0250 2.0300 2.0350 2.0400 3 3.0301 3.6452 3.0604 3.0756 3.0000 3.1062 3.1216 4 4.0004 4.0909 4.1216 4.1525 4.1836 4.2149 5 5.1010 5.1523 5.2640 5.2563 G 6.1520 6.2296 6.3081 6.3877 5.3891 5.3625 6.4684 . 7.2135 7.3234 7.4343 7.5474 7.6625 8.2857 8.4328 8.7361 8.0923 9.3685 9.9545 10.151 10.4622 11.4639 11 11.3448 12.0078 6.5502 7.7794 9.0517 9.2142 10,3685 16.5828 11.7314 12.0001 13.1420 13.4864 4.2465 5.4163 6.6330 2.0456 2.0500 3.137 3.1525 4.2782 4.3101 5.4787 5.5256 6.7169 6.8419 2.4550 2.0000 2.0100 2.0000 2.0900 2.1000 2.1100 3.1680 3.1836 3.2149 3.2464 3.2781 3.3100 3.3421 4.3423 4.3746 4.4399 4.5061 4.5731 4.6410 4.7097 5.5811 5.6371 5.7507 5.8666 5.0847 6.1051 6.2278 6.0881 6.9753 7.1533 7.3359 7.5233 7.7156 7.9129 12 12.6425 13.0412 14.1920 13 13.8003 14 14.9474 15 16.0960 16 17 18.4304 19.2014 18 19 20 21 36 22.0190 23.1237 24.2974 23.2392 34.7849 48 25.5447 24.4705 25.7833 27.1833 37.5387 48.5683 43.9027 48.8864 54.2639 60.4020 67.4026 19.6147 20.4994 21.4123 22.3863 23.4144 20.8109 21.7957 22.8466 23.9460 25.1169 26.8704 20.6765 30.2695 7.8983 8.8102 8.1420 8.6540 8.5830 9.3066 9.5491 9.7216 9.5975 10.2598 10.6366 0.5503 9.7546 10.0821 11.0266 11.2563 11.4913 11.9780 12.4876 10.7027 10.9497 11.2014 12.2002 12.5779 12.0754 13.1600 13.80104 14.4066 11.0633 12.1667 12.4835 13.8412 14.2068 14.3435 14.9716 15.7836 16.6455 17.5443 13.4121 13.7956 14.6028 15.0258 15,466 15.9171 16.3856 16.0699 17.0685 18.9771 20.1407 14,236 14.6883 15.1404 15.6178 16.1138 16.6268 17.1509 17.7130 18.2868 18.8821 20.1406 21.4953 22.9534 15.4504 15.9739 16.5190 17.0063 17.6778 18.2919 18.9321 19.5986 20.2926 21.0151 22.5505 24.2149 16.6821 17.2034 17.9319 18.5980 19.2957 20.0236 20.7841 21.5786 22.4867 23.2760 25.1290 17.2579 17.9324 18.6393 19.3802 20.1509 20.9710 21.8245 22.7193 23.6575 24.6411 25.6725 27.8881 20.0121 20.8647 21.7616 22.7058 23.6975 24.7417 25.8404 26.1964 28.2129 24.4997 25.6454 26.8551 28.1324 29.4812 38.9057 26.3572 27.6712 20.0636 30.5390 32.1027 33.7600 28.2797 29.7781 31.3714 33.0660 34.1683 36.7856 31.9492 33.7831 35.7193 37.7861 47.5754 51.6227 56.0649 61.8871 66.4388 72.4355 79.0582 75.4813 84.5503 95.0255 107.0383 120.7908 136.6856 154.7620 8.2669 8.3938 8.9228 9.2004 9.4872 9.7833 11.0285 13.0210 13.5795 11.4359 11.8594 14,1640 15.1929 15.3374 18.5312 10.7220 19.3614 21.3043 22.7132 24.5227 26.2116 26.0192 27-9750 30.0949 27.1521 20.3609 31.7225 34.4054 38.3243 33.0034 35.9497 39.1899 30.8402 33.7582 36.9737 48.5447 44.5000 33.9990 37.4502 41.3013 45.5992 37.3790 41.4463 46.0185 51.1591 40.9955 45.7620 51.1001 57.2750 64.2028 44.8652 56.4229 56.7645 64.0025 72-2655 94.4608 113.2832 136.3075 199.6351 250.0565 337.8824 58.3959 56.9395 164,4948 199.0209 442.5926 581.8261 Table 4 Present Value of an Ordinary Annuity of $1 PVA = (1-(1/(1+"Wi m/1 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.9 7.0% 8.0% 9.0% 1 0.99010 8.98522 8.98839 .97561 8.97887 0.96618 8.96154 8.95694 8.95238 .94787 8.94340 0.93458 8.92593 0.91743 2 1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88609 1.87267 1.85941 1.84632 1.83339 1.88882 1.78326 1.75911 3 2.94099 2.91220 2.88388 2.85602 2.82861 2.88164 2.77509 2.74896 2.72325 2.69703 2.67301 2.62432 2.57710 2.53129 4 3.90197 3.85438 3.80773 3.76197 3.71718 3.67388 3.62990 3,58753 3.54395 3.58515 3.46511 3.38721 3.31213 3.23972 5 4.85343 4.78264 4.71346 4.64583 4.57971 4.51585 4.45182 4.38998 4.32948 4.27828 4.21236 4.18820 3.99271 3.88965 9 5.79548 5.69719 5.60143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 4.91732 4.76654 4.62288 4.48592 7 6.72819 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.54238 5.38929 5.20637 5.03295 7.65108 7.48593 732548 7.17014 7.01969 6.87396 6.73274 6.59509 6.46321 6.33457 5.20979 5.97130 5.74004 5.53482 9 8.56602 8.36852 8.16224 7.97887 7.78611 7.68769 7.43533 7.26879 7.10782 6.95220 6.60169 6.51523 6.24689 5.99525 10 9.47130 9.22218 8.98259 8.75206 8.53020 8.31661 8.11000 7.91272 7.72373 7.53763 7.30009 7.02358 0.71000 0.41700 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52092 8.30643 8.09254 7.80647 7.49867 7.13896 6.80519 12 11.25500 10.98751 10.57534 28.25776 9.95400 9.66333 9.38507 9.11858 8.06325 8.61852 8-38384 7.94269 7.53600 7.16873 13 14 12.13374 11.73153 13.00370 11.34837 10.98319 18.63496 10.38274 9.98565 9.68285 9.39357 9.11708 8.85268 8.35765 7.00378 7.48698 12.54338 12,10625 11.69091 11.29607 10.92852 10.56312 10.22283 9.89864 9.58965 8.74547 8.24424 7.78615 15 13.86505 13.34323 12.84026 12.38138 11.93794 11.51741 16 14.71787 14.13126 13.57771 13.05500 12.56110 12.09412 11.11839 11.65230 10.73955 10.37966 10.03758 9.71225 9.18791 8.55948 8.06869 10.83777 17 15.56225 14.98765 14.29187 13.71220 13.16612 12.65132 18 16.39827 15.67256 14.99203 24.35336 13.75351 13.18968 11.68959 19 17.22601 16.42617 15.67846 14,97889 20 18.04555 17.16864 16.35143 21 18.85698 17.90014 17.01121 25 22.02316 20.71961 19 52146 18.42438 30 25.80771 24.01584 40 32.83469 29.91585 22.39646 27.35548 20.93829 25.18278 14.32380 13.70984 25.58916 14.87747 14.21248 26.18455 15.41502 14.69797 17.41315 16.48151 19.60044 18.39265 23.11477 21.35587 17.15909 11.23402 10.46216 10.10590 12.16567 11.78719 11.27407 10.86461 12.65938 12.15999 11.24687 13.13394 12.59329 12.68532 11.68765 11.15812 10.33568 13.59033 13.08794 12.46221 11.95838 11.40992 10.59481 14.82916 13.40472 12.82115 12.27524 11.76400 10.83553 15.62208 14.82821 14.09394 13.41393 12.78336 11.65358 17.29203 16.28889 15.37245 14.53375 13.76483 12.48984 19.79277 18.40158 16.84612 15.84630 13.33171 9.44665 8.85137 8.31256 18.47726 18.52760 9.76322 9.12164 8.54363 10.05909 9.37189 8.75563 9.60360 8.95011 9.81815 9.12855 18.01680 9.29224 10.67478 9.82258 11.25778 10.27365 11.92461 10.75736 FVAD Table 5 Future Value of an Annuity Due of $1 (1-1)x(1+) n/1 1.0100 2.0301 1.56 1.0158 2.0% 1.0208 2.5% 1.0258 3.05 3.55 4.0% 4 2.0452 2.0684 2.0756 3.8604 3.0005 3.1216 4.1010 4.1523 1.8308 1.8350 1.8488 4.35 1.0450 5.05 5.55 6.0% 7.0% 8.0% 9.95 10.0% 13.0% 1.0500 1.0550 1.0600 1.0700 1.0800 1.0500 1.1080 1.1100 4.2048 5 5.1520 5.2296 5.3081 6 6.2135 6.3230 6.4343 7.2857 7.4328 7.5838 8.3685 8.5593 8.7546 9 10 12 33 9.4622 9.7827 9.9497 10.5668 10.0633 11.1687 31 11.6425 12.0412 12.4121 12.0093 13.2368 13.6803 13.9474 14,4584 14.9739 14 15 15.8969 16.2579 16 17.4304 17 19.0109 20.7961 19 21.0190 22.1237 201 22.2392 23.4785 24.7833 26.1833 21 23.4716 24.8376 26.2998 25 28.5250 30 2.0989 3.1525 3.1836 4.2563 4.3091 4.3625 44163 5.3877 5.4684 5.5502 5.6336 6.5474 6.6625 6.7794 7.7361 7.8923 8.9545 9.1591 9.3585 10.2834 184639 10.7314 11.0061 11.4835 11.0070 12.1420 12,4064 12.7956 13.1920 13.6420 14.0258 14.10 14.6178 15.1138 15.0266 15.510 16,0065 16.6770 17,2919 15.6821 16.2934 16.9319 17,5989 18.2957 19.8236 16.9324 17.6393 18.3862 19.1569 19.9710 20.8245 18.2014 19.0121 19.8647 20.7616 21.7950 22.6975 18.6147 194894 20.4123 21.3863 22.4144 23.4597 24,6454 21.8406 22.9408 24.1169 25.3572 26.6712 23.2974 24.5447 25.8704 27.6765 27.8629 29.5368 30.5148 32.6789 15.0117 37.5530 35.1327 38.1010 41.3794 45.0883 49.0027 2.1962 2.1216 2.1370 2.1525 2.1600 2.1836 2.2149 2.2404 2.2701 2.3100 2.3421 3.2140 3.2465 3.2782 3.3101 3.3423 3.3746 3.4399 3.5061 3.5731 3.6410 3.7097 4.4707 4.5256 4.5811 4.6371 4.7587 4.8666 4.9847 5.1051 5.2270 5.7169 5.6810 5 8881 5.9753 6.1533 6.3350 6.5233 6.7156 6.9129 6.0983 7.0192 7.3420 7.2649 8.8517 8.2142 8.3800 8.5491 8.7216 9.5828 10.2563 17.2868 27.2797 28,7781 53.4295 29.2595 30.9692 31.3209 33.2488 40.3131 43.3117 58.3283 40 49.3752 55.0019 61.6100 69.8876 77.0633 87.5095 90.0265 35.3034 37.5852 46.5705 50.1135 63.7524 60.7608 111.8467 120.8398 9.8021 10.0206 11.2882 11.5779 12.0412 13.200 14.4648 14.9171 16.1599 16.7130 17.0121 19.7841 20.5786 21.4007 22.2760 24.1298 26.1521 21.7103 22.6575 23.6411 24.6725 26.8881 29.3243 23.7417 24.8404 25.9964 27.2129 29.8402 32.7502 35.8551 27.1324 28.4812 29.9457 32.9998 36.4582 28.0636 29.5390 31.1027 32.7600 36.3798 40.4463 34.3714 32.0660 33.8683 35.7856 39,9955 32.7831 34.7193 36.7861 38.9927 39.8643 42.3923 53.9004 58.1344 76.4104 83.4017 101.0730 7.3930 8.8975 10.4913 7.6540 9.2598 10.9788 7.9220 8.2004 8.4872 8.7833 9.6366 10.0285 18.4359 18.8594 19.1406 11.8754 12.1808 12.8164 13.5435 13.9716 14.7836 16.5603 17.5312 15.3856 15.8699 16.8885 17.9771 19.1407 20.3843 20.4953 21.9534 23.5227 18.566 10.3036 30.0151 21,5505 23.2149 35.8103 26.0754 28.3509 30.7725 32.6434 34.9497 114876 13.4866 12.0210 12.5795 13-1640 14.1929 14.9374 15.7220 15.6455 18.5614 21.7132 25.2116 29.0040 33.4054 35.9737 40.3813 39.5447 43.5008 44.5902 49,3959 45.0185 50.1591 55.9395 44.7620 58.1601 56.2750 63.2628 43.8652 49.4229 55.7645 63.0025 71.2651 48.0057 54.4568 61.8733 70.4627 80.2143 67.0765 78.9544 92.3248 100.1818 120.9980 122,3450 148.5752 100.9434 220.6132 144,1189 164.0477 213.06096 279.7010 300-2919 480.8538 645.8209 Table 6 Present Value of an Annuity Due of $1 PVAD (1-(1/(1+i)m) x (1+i) / 1.0% 1.00000 1.5% 1.66000 2.0% 1.00000 2.5% 3.0% 3.59 4.0% 1.00000 1.00000 1.66666 1.000ee 2 1.99818 1.98522 1.98839 1.97561 1.97887 1.96618 1.96154 3 2.97848 2.95588 2.94156 2.92742 2.91347 2.89909 4 3.94899 3.91220 3.88388 3.85602 3.82861 5 4.90197 4.85438 4.80773 4.76197 4.71718 6 5.85343 5.78264 5.71346 5.64583 T 6.79548 6.69719 6.60143 6.50813 7.72819 7.59821 7.47199 7.34939 9 8.65168 8.48593 8.32546 8.17014 18 9.56682 9.36052 11 9.16224 8.97087 10.47130 10.22218 9.98259 9.75206 5.57971 6.41719 7.23028 8.01969 8.78611 4.5% 5.0% 1.00000 1.000 1.95604 1.95238 2.88689 2.87267 2.85941 3.88164 3.77589 3.74896 3.72325 4.6730 4.62998 4.58753 4.54595 5.51505 5.45182 5.38998 5.32948 6.32855 6.24214 6.15787 6.47569 12 13 14 16 17 18 19 20 18.22681 17.42617 16.67845 15.97889 15.32380 14.70984 14.13394 13.59329 21 25 38 19.04555 18.16064 17.35143 16.50916 15.87747 15.21240 22.24339 21.03041 19.91393 18.00499 17.93554 17.05837 26.86579 24.37668 22.84438 21.45355 20.18845 19.83577 48 17.98371 17.02189 33.16383 38.36458 27.98259 25.73034 23.80822 22.18250 20.58448 19.22966 5.5% 1.866bb 1.94787 2.84632 2.83339 2.88882 2.76326 3.69793 3.67301 3.62432 3.57710 4.50515 4.46511 4.38721 4.31213 4.23972 4.16987 4.10245 5.27028 5.21236 5.10020 4.99271 4.88965 4.79079 4.69590 5.90553 5-91732 5.76654 5.62200 5.48592 5.35526 5.23054 7.11454 7.00285 6.89270 6.68297 6.58238 6.38929 620637 6.03295 5.86842 5.71220 7.87396 7.73274 7.59589 7.33457 7.28979 6.97130 6.74664 6.53482 6.33493 6.14612 B.66769 8.43533 8.26879 8.30782 7.95220 7.80169 7.51523 7.24689 9.53020 9.31641 9.11090 0.91272 8.72173 8.53763 8.34409 8.02358 7.71008 11.36763 11.07112 10.78685 18.51421 10.25262 18.00155 9.76048 9.52892 9.30641 9.89254 8.88687 8.49867 B.13896 12.25588 11.9751 11.57534 11.25776 30.95408 18.66333 10.38507 10.11858 9.86325 9.61852 9.38384 8.94269 8.53600 8.16873 7.01369 7.49236 13.13374 12.73153 12.34837 11.98318 11.63496 11.38274 10.98565 18.68285 10.39357 10.11708 9.85268 9.35765 8.98378 8.48698 8.10336 7.74987 15 14.80378 13.54336 13.18625 12.69091 12.29607 11.92652 11.56312 11.22263 10.69064 10.58965 10.29498 9.74547 9.24424 8.78615 8.36669 7.98187 14.86505 14.34323 13.84926 13.38138 12.93794 12.51741 12.11839 11.73955 11.37966 11.03758 10.71225 10.10791 9.55948 9.06069 8.60648 8.19087 15.71787 15.13126 14.57771 14.05500 13.56118 13.09412 12.65238 12.23482 11.83377 11.46216 11.10590 10.44665 16.56225 15.98765 15.29187 14.71220 14.16612 13.65132 13.16567 12.78719 12.27407 11.86461 11.47726 10.76322 17.39827 16.67256 15.99203 15.35336 14.75351 14.18968 13.65938 13.15999 12.68959 12.2466) 11-82768 11.85989 10.37189 9.75563 9.20141 8.70162 13.08532 12.68765 12.15812 11.33560 10.60360 9.95811 9.36492 8.83929 14.59033 14,00794 13.46221 12.95838 12.46992 11.59401 10.81815 10.12855 9.51356 8.96333 16.24696 15,49548 14,75464 14.15170 13.55036 12.46933 11.52876 10.70661 9.98474 9.34814 16.34107 15.33316 14.59072 13.27767 12.15M1 11.19828 18.36961 18.01704 16.92866 15.94907 14.26493 12.87858 11.72552 18.75696 6.0% 7.0% 1.00000 1.00000 1.94348 1.93458 8.05 1.00000 1.92593 9.0% 10.0% 11.0 1.00000 1.00000 1.00000 1.91743 1.90909 1.00000 2.75911 2.73554 2.71252 3.53129 3.48685 3.44371 7.46321 6.99525 6.75902 6.53705 7.41766 7.14457 6.88923 7.88519 7.49506 7.20652 9.85137 9.31256 8.82371 8.37916 10.12364 9.54363 9.02155 8.54879 9.65611 9.93567 Table 1 Future value of $1 FV=SI(1+ n/1 7.05 1 1.01800 2 1.82010 3 1.83030 4 1.800 5 6 1.87214 B 1.88286 " 10 11 12 14 15 16 1.06136 1.08243 1.05101 1.07728 1.10408 1.06152 1.09344 1.12616 1.10084 1.14869 1.12649 1.17166 1.09369 1.14339 1.19509 1.10462 1.16054 1.21899 1.11567 1.17795 1.24337 1.12683 1.19562 1.26824 13 1.13600 1.21355 1.29361 1.14947 1.23176 1.16097 1.25023 1.17258 1.20899 17 28 19 20 21 25 38 1.81136 7.09757 40 1.48886 1.81402 2.20004 2.68506 3.26204 3.74532 5.81636 4,32194 7.83999 1.59 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.9% 7.0% 8.0% 9.05 10.0% 11.0% 12.0% 1.01560 1.02000 1.02588 1.83866 1.03500 1.04808 1.84588 1.05000 1.05508 1.86000 1.87888 1.08000 1.00000 1.10008 1.11000 1.12000 1.03022 1.04040 1.05063 1.00090 1.07123 1.00168 1.09263 1.10250 1.11303 1.12 1.14490 1.16640 1.18010 1.21000 1.23210 1.25440 1.84568 1.06121 1.07689 1.09273 1.30872 1.12486 1.14117 1.15763 1.17424 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40403 1.18381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23002 1.26248 1.31800 1.36049 1.41158 1.46410 1.13141 1.15029 1.18360 1.21665 1.24618 1.27628 1.30606 1.33823 1.48255 1.46933 1.53862 1.61051 1.15969 1.19485 1.22926 1.26532 1.38226 1.34010 1.37884 1.41852 1.50873 1.58687 1.67710 1.77156 1.18869 1.22987 1.27228 1.31593 1.36866 1.46710 1.45468 1.58363 1.68578 1.71382 1.82804 1.94872 1.21848 1.26677 1.31681 1.36857 1.42218 1.47746 1.53469 1.59385 1.71819 1.85093 1.99256 2.14359 1.24886 1.38477 1.36200 1.42331 1.48610 1.55133 1.61909 1.68948 1.83846 1.99900 2.17189 2.35795 1.28888 1.34392 1.41060 1.48824 1.55297 1.62889 1.70814 1.79885 1.96715 2.15892 2.36736 2.59374 131209 1.38423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 2.18485 2.33164 2.58043 2.85312 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 2.01220 2.25219 2.51817 2.81266 3.13843 3.49845 3.89598 1.37851 1.46853 1.56396 1.66587 1.77220 1.88565 2.00577 2.13293 2.48985 2.71962 3.06580 3.45227 3.88328 4.36349 1.31948 1.41297 1.51259 1.61809 1.73168 1.85194 1.97993 2.11609 2.26090 2.57853 2.93719 3.34173 3.79758 4.31044 4.88711 1.34587 1.44838 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.39656 2.75983 3.17217 3.64248 4.17725 4.78459 5.47357 1.37279 1.48451 1.60471 1.73399 1.87290 2.02237 2.18287 2.35520 2.54033 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 1.18430 1.28602 1.40024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202) 2.48488 2.69277 3.15882 3.70002 4.32763 5.05447 5.89580 6.86684 1.19615 1.30734 1.42825 1.55966 1.78243 1.85749 2.02582 2.20048 2.4062 2.62147 2.85434 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 1.20011 1.32695 1.45601 1-59065 1.75351 1.2254 2.10605 2.30766 2.5205 2.76565 3.62564 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 1.22019 1.34686 1.48595 1.63862 1.88611 1.58979 2.19112 2.41171 2.65330 2.91776 3.20714 3.86968 4.66096 5.60441 6.72758 8.06231 9.64629 3.23230 1.36766 1.51567 1.67958 1.86829 2.05943 2.27877 2.52824 2.76546 3.07823 3.39056 4.14056 5.03383 6.16881 7.40025 6.94917 18.88385 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.08543 3.38635 3.81339 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 1.34785 1.56308 2.42726 2.80679 3.24348 4.98395 5.74346 7.61226 10.06266 13.26768 17.44948 22.8923 29.05002 3.95926 4.80102 1.51807 1.57352 1.68506 1.76234 1.87041 1.97382 2.07616 2.21068 2.30454 2.47596 2.55804 2.77388 2,83942 3.18585 3.15176 3.47855 8.51331 10.28572 14.97446 21.72452 31.40942 45,25926 65.00087 93.05097 TABLE 2 Present value of $1 PV=SI/(1+i)" n/i 1.0% 1 0.99010 1.5% 0.98522 2 8.98030 0.97066 3 8.97859 8.95632 4 0.96098 0.94218 2.0% 2.5% 3.0% 0.98039 0.97561 0.97087 0.96117 0.95181 0.94260 0.94232 0.92860 0.92385 0.90595 3.5% 4.0% 4.5% 5.0% 0.96618 8.96154 0.95694 0.95238 5.5% 0.94787 0.93351 8.92456 0.91573 0.90703 0.89845 8.91514 0.90194 0.88900 8.87638 0.86384 6.85161 0.88849 0.87144 0.85480 8.83856 0.82270 0.80722 6.0% 0.94340 0.89000 6.83962 0.79209 S 8.95147 0.92826 0.90573 e.88385 0.86261 0.84197 0.82193 8.80245 .78353 " 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.93272 8.90103 0.87056 8.79031 0.76790 8.74622 0.70496 0.84127 0.81309 .78599 0.75992 0.73483 8 0.92348 0.88771 0.85349 0.82075 0.78941 e.75941 0.91434 8.87459 0.83676 8.80073 8.76642 0.73373 10 0.90529 0.86167 0.82035 0.78120 0.74409 8.78892 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 12 0.88745 0.83639 e.78849 e.74356 0.70138 0.66178 13 0.87866 0.82403 0.77303 .72542 0.68095 0.63948 14 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 .71068 8.73869 0.70319 8.67684 0.78259 0.67290 0.64461 .67556 0.64393 0.61391 0.64958 0.61620 0.58468 0.62468 0.58966 0.60057 0.56427 8.57748 0.53997 0.65160 0.55684 0.53032 e.se507 0.44230 15 0.86135 8.79985 8.74301 0.69047 0.64186 0.59689 8.55526 0.51672 0.48102 0.44793 0.41727 16 17 18 0.85282 0.78803 8.84438 0.77639 0.83602 0.76491 0.72845 0.67362 .76513 8.74726 0.72525 0.66634 0.63017 .68744 0.66506 0.62275 0.58349 0.62741 0.58201 0.54027 0.61763 0.59190 0.54393 0.50025 .58543 e.55839 0.50835 0.46319 0.55491 0.52679 0.47509 0.42888 .52598 0.49697 0.44401 0.39711 0.49856 0.46884 0.41496 0.36770 0.47257 .38782 0.36245 0.31524 7.0% 8.01 9.0% 10.0% 0.93458 0.92593 8.91743 8.90909 0.87344 0.85734 0.84168 0.82645 6.81630 0.79383 6.77218 8.75131 0.76290 0.73503 8.70843 0.68301 0.71299 0.68058 6.64993 0.62092 0.59627 0.56447 0.54703 8.51316 0.50187 0.46651 0.46043 8.42410 0.42241 0.38554 0.38753 0.35049 0.35553 8.31863 0.32618 0.28966 0.34046 8.29925 0.26333 0.27454 0.23939 0.62317 8.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 .25187 8.21763 0.71416 0.65720 0.60502 0.55720 0.51337 8.47318 0.43630 0.40245 0.37136 0.31657 0.27027 0.23107 0.19784 0.70016 0.64117 0.58739 0.53836 0.49363 0.45288 19 0.82774 0.41552 0.38147 0.35034 e.29586 0.25025 0.21199 0.17986 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 8.36158 8.33051 0.27651 0.23171 0.19449 0.16351 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 e.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.17843 0.14864 21 0.01143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 .32486 0.29416 0.24151 .19866 24 0.78757 0.16370 0.13513 0.69954 0.62172 0.55288 0.49193 0.43796 8.39012 0.34770 .31007 .27666 .24698 .19715 0.15770 .12640 0.10153 25 0.77977 28 29 31 0.75684 0.57437 0.74934 0.64936 0.56311 0.74192 0.63976 0.55207 0.73458 0.63031 0.54125 0.67165 0.55126 0.45289 0.68921 0.60953 0.65910 8.53939 0.47761 0.42315 8.50088 8.43708 0,48066 0.42435 0.47674 0.41199 0.35628 0.30832 0.46511 0.39999 0.34423 0.29646 0.37243 0.30656 0.25257 0.20829 0.37512 0.33273 0.29538 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.38165 .33348 .29157 .25509 .22332 0.19563 0.15040 0.11591 0.68955 0.05934 0.36075 8.32065 .27902 .24295 .21160 0.26700 0.23138 0.20064 0.25550 .17193 0.14205 0.22036 .19018 .11746 .10456 0.14056 0.10733 0.00215 0.06304 0.17411 0.13137 0.09938 0.07537 0.16425 0.12277 0.09202 0.06915 0.05210 0.09722 0.06678 0.04603 0.03184 0.02209 0.05731 At January 1, 2024, Caf Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $29,000 beginning January 1, 2024, the beginning of the lease, and on each December 31 thereafter through 2031. The equipment was acquired recently by Crescent at a cost of $207,000 (its fair value) and was expected to have a useful life of 12 years with no salvage value at the end of its life. Because the lease term is only 9 years, the asset does have an expected residual value at the end of the lease term of $94,113. Crescent seeks a 12% return on its lease investments. By this arrangement, the lease is deemed to be a finance lease. Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) Required: 1. What will be the effect of the lease on Caf Med's earnings for the first year (ignore taxes)? Note: Enter decreases with negative sign. 2. What will be the balances in the balance sheet accounts related to the lease at the end of the first year for Caf Med (ignore taxes)? Note: For all requirements, round your intermediate calculations and final answers to the nearest whole dollars. 1. Effect on earnings 2. Lease payable balance (end of year) 2. Right-of-use asset balance (end of year) Table 3 Future Value of an Ordinary Annuity of $1 FVA ((1+)-1 / 1.05 1.5% 2.0% 2.59 3.0% 3.5% 6.05 I 1.0000 1.0000 1.0000 1.0000 1.600 1.0000 1.0000 4.5% 1.0068 5.0% 5.5% 1.0000 1.0000 6.0% 7.0% 1.P 9.05 10.0% 11.09 1.0660 1.0000 1.0000 1.0000 1.0000 1.0000 2 2.0100 2.0330 2.0200 2.0250 2.0300 2.0350 2.0400 3 3.0301 3.6452 3.0604 3.0756 3.0000 3.1062 3.1216 4 4.0004 4.0909 4.1216 4.1525 4.1836 4.2149 5 5.1010 5.1523 5.2640 5.2563 G 6.1520 6.2296 6.3081 6.3877 5.3891 5.3625 6.4684 . 7.2135 7.3234 7.4343 7.5474 7.6625 8.2857 8.4328 8.7361 8.0923 9.3685 9.9545 10.151 10.4622 11.4639 11 11.3448 12.0078 6.5502 7.7794 9.0517 9.2142 10,3685 16.5828 11.7314 12.0001 13.1420 13.4864 4.2465 5.4163 6.6330 2.0456 2.0500 3.137 3.1525 4.2782 4.3101 5.4787 5.5256 6.7169 6.8419 2.4550 2.0000 2.0100 2.0000 2.0900 2.1000 2.1100 3.1680 3.1836 3.2149 3.2464 3.2781 3.3100 3.3421 4.3423 4.3746 4.4399 4.5061 4.5731 4.6410 4.7097 5.5811 5.6371 5.7507 5.8666 5.0847 6.1051 6.2278 6.0881 6.9753 7.1533 7.3359 7.5233 7.7156 7.9129 12 12.6425 13.0412 14.1920 13 13.8003 14 14.9474 15 16.0960 16 17 18.4304 19.2014 18 19 20 21 36 22.0190 23.1237 24.2974 23.2392 34.7849 48 25.5447 24.4705 25.7833 27.1833 37.5387 48.5683 43.9027 48.8864 54.2639 60.4020 67.4026 19.6147 20.4994 21.4123 22.3863 23.4144 20.8109 21.7957 22.8466 23.9460 25.1169 26.8704 20.6765 30.2695 7.8983 8.8102 8.1420 8.6540 8.5830 9.3066 9.5491 9.7216 9.5975 10.2598 10.6366 0.5503 9.7546 10.0821 11.0266 11.2563 11.4913 11.9780 12.4876 10.7027 10.9497 11.2014 12.2002 12.5779 12.0754 13.1600 13.80104 14.4066 11.0633 12.1667 12.4835 13.8412 14.2068 14.3435 14.9716 15.7836 16.6455 17.5443 13.4121 13.7956 14.6028 15.0258 15,466 15.9171 16.3856 16.0699 17.0685 18.9771 20.1407 14,236 14.6883 15.1404 15.6178 16.1138 16.6268 17.1509 17.7130 18.2868 18.8821 20.1406 21.4953 22.9534 15.4504 15.9739 16.5190 17.0063 17.6778 18.2919 18.9321 19.5986 20.2926 21.0151 22.5505 24.2149 16.6821 17.2034 17.9319 18.5980 19.2957 20.0236 20.7841 21.5786 22.4867 23.2760 25.1290 17.2579 17.9324 18.6393 19.3802 20.1509 20.9710 21.8245 22.7193 23.6575 24.6411 25.6725 27.8881 20.0121 20.8647 21.7616 22.7058 23.6975 24.7417 25.8404 26.1964 28.2129 24.4997 25.6454 26.8551 28.1324 29.4812 38.9057 26.3572 27.6712 20.0636 30.5390 32.1027 33.7600 28.2797 29.7781 31.3714 33.0660 34.1683 36.7856 31.9492 33.7831 35.7193 37.7861 47.5754 51.6227 56.0649 61.8871 66.4388 72.4355 79.0582 75.4813 84.5503 95.0255 107.0383 120.7908 136.6856 154.7620 8.2669 8.3938 8.9228 9.2004 9.4872 9.7833 11.0285 13.0210 13.5795 11.4359 11.8594 14,1640 15.1929 15.3374 18.5312 10.7220 19.3614 21.3043 22.7132 24.5227 26.2116 26.0192 27-9750 30.0949 27.1521 20.3609 31.7225 34.4054 38.3243 33.0034 35.9497 39.1899 30.8402 33.7582 36.9737 48.5447 44.5000 33.9990 37.4502 41.3013 45.5992 37.3790 41.4463 46.0185 51.1591 40.9955 45.7620 51.1001 57.2750 64.2028 44.8652 56.4229 56.7645 64.0025 72-2655 94.4608 113.2832 136.3075 199.6351 250.0565 337.8824 58.3959 56.9395 164,4948 199.0209 442.5926 581.8261 Table 4 Present Value of an Ordinary Annuity of $1 PVA = (1-(1/(1+"Wi m/1 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.9 7.0% 8.0% 9.0% 1 0.99010 8.98522 8.98839 .97561 8.97887 0.96618 8.96154 8.95694 8.95238 .94787 8.94340 0.93458 8.92593 0.91743 2 1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88609 1.87267 1.85941 1.84632 1.83339 1.88882 1.78326 1.75911 3 2.94099 2.91220 2.88388 2.85602 2.82861 2.88164 2.77509 2.74896 2.72325 2.69703 2.67301 2.62432 2.57710 2.53129 4 3.90197 3.85438 3.80773 3.76197 3.71718 3.67388 3.62990 3,58753 3.54395 3.58515 3.46511 3.38721 3.31213 3.23972 5 4.85343 4.78264 4.71346 4.64583 4.57971 4.51585 4.45182 4.38998 4.32948 4.27828 4.21236 4.18820 3.99271 3.88965 9 5.79548 5.69719 5.60143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 4.91732 4.76654 4.62288 4.48592 7 6.72819 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.54238 5.38929 5.20637 5.03295 7.65108 7.48593 732548 7.17014 7.01969 6.87396 6.73274 6.59509 6.46321 6.33457 5.20979 5.97130 5.74004 5.53482 9 8.56602 8.36852 8.16224 7.97887 7.78611 7.68769 7.43533 7.26879 7.10782 6.95220 6.60169 6.51523 6.24689 5.99525 10 9.47130 9.22218 8.98259 8.75206 8.53020 8.31661 8.11000 7.91272 7.72373 7.53763 7.30009 7.02358 0.71000 0.41700 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52092 8.30643 8.09254 7.80647 7.49867 7.13896 6.80519 12 11.25500 10.98751 10.57534 28.25776 9.95400 9.66333 9.38507 9.11858 8.06325 8.61852 8-38384 7.94269 7.53600 7.16873 13 14 12.13374 11.73153 13.00370 11.34837 10.98319 18.63496 10.38274 9.98565 9.68285 9.39357 9.11708 8.85268 8.35765 7.00378 7.48698 12.54338 12,10625 11.69091 11.29607 10.92852 10.56312 10.22283 9.89864 9.58965 8.74547 8.24424 7.78615 15 13.86505 13.34323 12.84026 12.38138 11.93794 11.51741 16 14.71787 14.13126 13.57771 13.05500 12.56110 12.09412 11.11839 11.65230 10.73955 10.37966 10.03758 9.71225 9.18791 8.55948 8.06869 10.83777 17 15.56225 14.98765 14.29187 13.71220 13.16612 12.65132 18 16.39827 15.67256 14.99203 24.35336 13.75351 13.18968 11.68959 19 17.22601 16.42617 15.67846 14,97889 20 18.04555 17.16864 16.35143 21 18.85698 17.90014 17.01121 25 22.02316 20.71961 19 52146 18.42438 30 25.80771 24.01584 40 32.83469 29.91585 22.39646 27.35548 20.93829 25.18278 14.32380 13.70984 25.58916 14.87747 14.21248 26.18455 15.41502 14.69797 17.41315 16.48151 19.60044 18.39265 23.11477 21.35587 17.15909 11.23402 10.46216 10.10590 12.16567 11.78719 11.27407 10.86461 12.65938 12.15999 11.24687 13.13394 12.59329 12.68532 11.68765 11.15812 10.33568 13.59033 13.08794 12.46221 11.95838 11.40992 10.59481 14.82916 13.40472 12.82115 12.27524 11.76400 10.83553 15.62208 14.82821 14.09394 13.41393 12.78336 11.65358 17.29203 16.28889 15.37245 14.53375 13.76483 12.48984 19.79277 18.40158 16.84612 15.84630 13.33171 9.44665 8.85137 8.31256 18.47726 18.52760 9.76322 9.12164 8.54363 10.05909 9.37189 8.75563 9.60360 8.95011 9.81815 9.12855 18.01680 9.29224 10.67478 9.82258 11.25778 10.27365 11.92461 10.75736 FVAD Table 5 Future Value of an Annuity Due of $1 (1-1)x(1+) n/1 1.0100 2.0301 1.56 1.0158 2.0% 1.0208 2.5% 1.0258 3.05 3.55 4.0% 4 2.0452 2.0684 2.0756 3.8604 3.0005 3.1216 4.1010 4.1523 1.8308 1.8350 1.8488 4.35 1.0450 5.05 5.55 6.0% 7.0% 8.0% 9.95 10.0% 13.0% 1.0500 1.0550 1.0600 1.0700 1.0800 1.0500 1.1080 1.1100 4.2048 5 5.1520 5.2296 5.3081 6 6.2135 6.3230 6.4343 7.2857 7.4328 7.5838 8.3685 8.5593 8.7546 9 10 12 33 9.4622 9.7827 9.9497 10.5668 10.0633 11.1687 31 11.6425 12.0412 12.4121 12.0093 13.2368 13.6803 13.9474 14,4584 14.9739 14 15 15.8969 16.2579 16 17.4304 17 19.0109 20.7961 19 21.0190 22.1237 201 22.2392 23.4785 24.7833 26.1833 21 23.4716 24.8376 26.2998 25 28.5250 30 2.0989 3.1525 3.1836 4.2563 4.3091 4.3625 44163 5.3877 5.4684 5.5502 5.6336 6.5474 6.6625 6.7794 7.7361 7.8923 8.9545 9.1591 9.3585 10.2834 184639 10.7314 11.0061 11.4835 11.0070 12.1420 12,4064 12.7956 13.1920 13.6420 14.0258 14.10 14.6178 15.1138 15.0266 15.510 16,0065 16.6770 17,2919 15.6821 16.2934 16.9319 17,5989 18.2957 19.8236 16.9324 17.6393 18.3862 19.1569 19.9710 20.8245 18.2014 19.0121 19.8647 20.7616 21.7950 22.6975 18.6147 194894 20.4123 21.3863 22.4144 23.4597 24,6454 21.8406 22.9408 24.1169 25.3572 26.6712 23.2974 24.5447 25.8704 27.6765 27.8629 29.5368 30.5148 32.6789 15.0117 37.5530 35.1327 38.1010 41.3794 45.0883 49.0027 2.1962 2.1216 2.1370 2.1525 2.1600 2.1836 2.2149 2.2404 2.2701 2.3100 2.3421 3.2140 3.2465 3.2782 3.3101 3.3423 3.3746 3.4399 3.5061 3.5731 3.6410 3.7097 4.4707 4.5256 4.5811 4.6371 4.7587 4.8666 4.9847 5.1051 5.2270 5.7169 5.6810 5 8881 5.9753 6.1533 6.3350 6.5233 6.7156 6.9129 6.0983 7.0192 7.3420 7.2649 8.8517 8.2142 8.3800 8.5491 8.7216 9.5828 10.2563 17.2868 27.2797 28,7781 53.4295 29.2595 30.9692 31.3209 33.2488 40.3131 43.3117 58.3283 40 49.3752 55.0019 61.6100 69.8876 77.0633 87.5095 90.0265 35.3034 37.5852 46.5705 50.1135 63.7524 60.7608 111.8467 120.8398 9.8021 10.0206 11.2882 11.5779 12.0412 13.200 14.4648 14.9171 16.1599 16.7130 17.0121 19.7841 20.5786 21.4007 22.2760 24.1298 26.1521 21.7103 22.6575 23.6411 24.6725 26.8881 29.3243 23.7417 24.8404 25.9964 27.2129 29.8402 32.7502 35.8551 27.1324 28.4812 29.9457 32.9998 36.4582 28.0636 29.5390 31.1027 32.7600 36.3798 40.4463 34.3714 32.0660 33.8683 35.7856 39,9955 32.7831 34.7193 36.7861 38.9927 39.8643 42.3923 53.9004 58.1344 76.4104 83.4017 101.0730 7.3930 8.8975 10.4913 7.6540 9.2598 10.9788 7.9220 8.2004 8.4872 8.7833 9.6366 10.0285 18.4359 18.8594 19.1406 11.8754 12.1808 12.8164 13.5435 13.9716 14.7836 16.5603 17.5312 15.3856 15.8699 16.8885 17.9771 19.1407 20.3843 20.4953 21.9534 23.5227 18.566 10.3036 30.0151 21,5505 23.2149 35.8103 26.0754 28.3509 30.7725 32.6434 34.9497 114876 13.4866 12.0210 12.5795 13-1640 14.1929 14.9374 15.7220 15.6455 18.5614 21.7132 25.2116 29.0040 33.4054 35.9737 40.3813 39.5447 43.5008 44.5902 49,3959 45.0185 50.1591 55.9395 44.7620 58.1601 56.2750 63.2628 43.8652 49.4229 55.7645 63.0025 71.2651 48.0057 54.4568 61.8733 70.4627 80.2143 67.0765 78.9544 92.3248 100.1818 120.9980 122,3450 148.5752 100.9434 220.6132 144,1189 164.0477 213.06096 279.7010 300-2919 480.8538 645.8209 Table 6 Present Value of an Annuity Due of $1 PVAD (1-(1/(1+i)m) x (1+i) / 1.0% 1.00000 1.5% 1.66000 2.0% 1.00000 2.5% 3.0% 3.59 4.0% 1.00000 1.00000 1.66666 1.000ee 2 1.99818 1.98522 1.98839 1.97561 1.97887 1.96618 1.96154 3 2.97848 2.95588 2.94156 2.92742 2.91347 2.89909 4 3.94899 3.91220 3.88388 3.85602 3.82861 5 4.90197 4.85438 4.80773 4.76197 4.71718 6 5.85343 5.78264 5.71346 5.64583 T 6.79548 6.69719 6.60143 6.50813 7.72819 7.59821 7.47199 7.34939 9 8.65168 8.48593 8.32546 8.17014 18 9.56682 9.36052 11 9.16224 8.97087 10.47130 10.22218 9.98259 9.75206 5.57971 6.41719 7.23028 8.01969 8.78611 4.5% 5.0% 1.00000 1.000 1.95604 1.95238 2.88689 2.87267 2.85941 3.88164 3.77589 3.74896 3.72325 4.6730 4.62998 4.58753 4.54595 5.51505 5.45182 5.38998 5.32948 6.32855 6.24214 6.15787 6.47569 12 13 14 16 17 18 19 20 18.22681 17.42617 16.67845 15.97889 15.32380 14.70984 14.13394 13.59329 21 25 38 19.04555 18.16064 17.35143 16.50916 15.87747 15.21240 22.24339 21.03041 19.91393 18.00499 17.93554 17.05837 26.86579 24.37668 22.84438 21.45355 20.18845 19.83577 48 17.98371 17.02189 33.16383 38.36458 27.98259 25.73034 23.80822 22.18250 20.58448 19.22966 5.5% 1.866bb 1.94787 2.84632 2.83339 2.88882 2.76326 3.69793 3.67301 3.62432 3.57710 4.50515 4.46511 4.38721 4.31213 4.23972 4.16987 4.10245 5.27028 5.21236 5.10020 4.99271 4.88965 4.79079 4.69590 5.90553 5-91732 5.76654 5.62200 5.48592 5.35526 5.23054 7.11454 7.00285 6.89270 6.68297 6.58238 6.38929 620637 6.03295 5.86842 5.71220 7.87396 7.73274 7.59589 7.33457 7.28979 6.97130 6.74664 6.53482 6.33493 6.14612 B.66769 8.43533 8.26879 8.30782 7.95220 7.80169 7.51523 7.24689 9.53020 9.31641 9.11090 0.91272 8.72173 8.53763 8.34409 8.02358 7.71008 11.36763 11.07112 10.78685 18.51421 10.25262 18.00155 9.76048 9.52892 9.30641 9.89254 8.88687 8.49867 B.13896 12.25588 11.9751 11.57534 11.25776 30.95408 18.66333 10.38507 10.11858 9.86325 9.61852 9.38384 8.94269 8.53600 8.16873 7.01369 7.49236 13.13374 12.73153 12.34837 11.98318 11.63496 11.38274 10.98565 18.68285 10.39357 10.11708 9.85268 9.35765 8.98378 8.48698 8.10336 7.74987 15 14.80378 13.54336 13.18625 12.69091 12.29607 11.92652 11.56312 11.22263 10.69064 10.58965 10.29498 9.74547 9.24424 8.78615 8.36669 7.98187 14.86505 14.34323 13.84926 13.38138 12.93794 12.51741 12.11839 11.73955 11.37966 11.03758 10.71225 10.10791 9.55948 9.06069 8.60648 8.19087 15.71787 15.13126 14.57771 14.05500 13.56118 13.09412 12.65238 12.23482 11.83377 11.46216 11.10590 10.44665 16.56225 15.98765 15.29187 14.71220 14.16612 13.65132 13.16567 12.78719 12.27407 11.86461 11.47726 10.76322 17.39827 16.67256 15.99203 15.35336 14.75351 14.18968 13.65938 13.15999 12.68959 12.2466) 11-82768 11.85989 10.37189 9.75563 9.20141 8.70162 13.08532 12.68765 12.15812 11.33560 10.60360 9.95811 9.36492 8.83929 14.59033 14,00794 13.46221 12.95838 12.46992 11.59401 10.81815 10.12855 9.51356 8.96333 16.24696 15,49548 14,75464 14.15170 13.55036 12.46933 11.52876 10.70661 9.98474 9.34814 16.34107 15.33316 14.59072 13.27767 12.15M1 11.19828 18.36961 18.01704 16.92866 15.94907 14.26493 12.87858 11.72552 18.75696 6.0% 7.0% 1.00000 1.00000 1.94348 1.93458 8.05 1.00000 1.92593 9.0% 10.0% 11.0 1.00000 1.00000 1.00000 1.91743 1.90909 1.00000 2.75911 2.73554 2.71252 3.53129 3.48685 3.44371 7.46321 6.99525 6.75902 6.53705 7.41766 7.14457 6.88923 7.88519 7.49506 7.20652 9.85137 9.31256 8.82371 8.37916 10.12364 9.54363 9.02155 8.54879 9.65611 9.93567 Table 1 Future value of $1 FV=SI(1+ n/1 7.05 1 1.01800 2 1.82010 3 1.83030 4 1.800 5 6 1.87214 B 1.88286 " 10 11 12 14 15 16 1.06136 1.08243 1.05101 1.07728 1.10408 1.06152 1.09344 1.12616 1.10084 1.14869 1.12649 1.17166 1.09369 1.14339 1.19509 1.10462 1.16054 1.21899 1.11567 1.17795 1.24337 1.12683 1.19562 1.26824 13 1.13600 1.21355 1.29361 1.14947 1.23176 1.16097 1.25023 1.17258 1.20899 17 28 19 20 21 25 38 1.81136 7.09757 40 1.48886 1.81402 2.20004 2.68506 3.26204 3.74532 5.81636 4,32194 7.83999 1.59 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.9% 7.0% 8.0% 9.05 10.0% 11.0% 12.0% 1.01560 1.02000 1.02588 1.83866 1.03500 1.04808 1.84588 1.05000 1.05508 1.86000 1.87888 1.08000 1.00000 1.10008 1.11000 1.12000 1.03022 1.04040 1.05063 1.00090 1.07123 1.00168 1.09263 1.10250 1.11303 1.12 1.14490 1.16640 1.18010 1.21000 1.23210 1.25440 1.84568 1.06121 1.07689 1.09273 1.30872 1.12486 1.14117 1.15763 1.17424 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40403 1.18381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23002 1.26248 1.31800 1.36049 1.41158 1.46410 1.13141 1.15029 1.18360 1.21665 1.24618 1.27628 1.30606 1.33823 1.48255 1.46933 1.53862 1.61051 1.15969 1.19485 1.22926 1.26532 1.38226 1.34010 1.37884 1.41852 1.50873 1.58687 1.67710 1.77156 1.18869 1.22987 1.27228 1.31593 1.36866 1.46710 1.45468 1.58363 1.68578 1.71382 1.82804 1.94872 1.21848 1.26677 1.31681 1.36857 1.42218 1.47746 1.53469 1.59385 1.71819 1.85093 1.99256 2.14359 1.24886 1.38477 1.36200 1.42331 1.48610 1.55133 1.61909 1.68948 1.83846 1.99900 2.17189 2.35795 1.28888 1.34392 1.41060 1.48824 1.55297 1.62889 1.70814 1.79885 1.96715 2.15892 2.36736 2.59374 131209 1.38423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 2.18485 2.33164 2.58043 2.85312 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 2.01220 2.25219 2.51817 2.81266 3.13843 3.49845 3.89598 1.37851 1.46853 1.56396 1.66587 1.77220 1.88565 2.00577 2.13293 2.48985 2.71962 3.06580 3.45227 3.88328 4.36349 1.31948 1.41297 1.51259 1.61809 1.73168 1.85194 1.97993 2.11609 2.26090 2.57853 2.93719 3.34173 3.79758 4.31044 4.88711 1.34587 1.44838 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.39656 2.75983 3.17217 3.64248 4.17725 4.78459 5.47357 1.37279 1.48451 1.60471 1.73399 1.87290 2.02237 2.18287 2.35520 2.54033 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 1.18430 1.28602 1.40024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202) 2.48488 2.69277 3.15882 3.70002 4.32763 5.05447 5.89580 6.86684 1.19615 1.30734 1.42825 1.55966 1.78243 1.85749 2.02582 2.20048 2.4062 2.62147 2.85434 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 1.20011 1.32695 1.45601 1-59065 1.75351 1.2254 2.10605 2.30766 2.5205 2.76565 3.62564 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 1.22019 1.34686 1.48595 1.63862 1.88611 1.58979 2.19112 2.41171 2.65330 2.91776 3.20714 3.86968 4.66096 5.60441 6.72758 8.06231 9.64629 3.23230 1.36766 1.51567 1.67958 1.86829 2.05943 2.27877 2.52824 2.76546 3.07823 3.39056 4.14056 5.03383 6.16881 7.40025 6.94917 18.88385 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.08543 3.38635 3.81339 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 1.34785 1.56308 2.42726 2.80679 3.24348 4.98395 5.74346 7.61226 10.06266 13.26768 17.44948 22.8923 29.05002 3.95926 4.80102 1.51807 1.57352 1.68506 1.76234 1.87041 1.97382 2.07616 2.21068 2.30454 2.47596 2.55804 2.77388 2,83942 3.18585 3.15176 3.47855 8.51331 10.28572 14.97446 21.72452 31.40942 45,25926 65.00087 93.05097 TABLE 2 Present value of $1 PV=SI/(1+i)" n/i 1.0% 1 0.99010 1.5% 0.98522 2 8.98030 0.97066 3 8.97859 8.95632 4 0.96098 0.94218 2.0% 2.5% 3.0% 0.98039 0.97561 0.97087 0.96117 0.95181 0.94260 0.94232 0.92860 0.92385 0.90595 3.5% 4.0% 4.5% 5.0% 0.96618 8.96154 0.95694 0.95238 5.5% 0.94787 0.93351 8.92456 0.91573 0.90703 0.89845 8.91514 0.90194 0.88900 8.87638 0.86384 6.85161 0.88849 0.87144 0.85480 8.83856 0.82270 0.80722 6.0% 0.94340 0.89000 6.83962 0.79209 S 8.95147 0.92826 0.90573 e.88385 0.86261 0.84197 0.82193 8.80245 .78353 " 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.93272 8.90103 0.87056 8.79031 0.76790 8.74622 0.70496 0.84127 0.81309 .78599 0.75992 0.73483 8 0.92348 0.88771 0.85349 0.82075 0.78941 e.75941 0.91434 8.87459 0.83676 8.80073 8.76642 0.73373 10 0.90529 0.86167 0.82035 0.78120 0.74409 8.78892 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 12 0.88745 0.83639 e.78849 e.74356 0.70138 0.66178 13 0.87866 0.82403 0.77303 .72542 0.68095 0.63948 14 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 .71068 8.73869 0.70319 8.67684 0.78259 0.67290 0.64461 .67556 0.64393 0.61391 0.64958 0.61620 0.58468 0.62468 0.58966 0.60057 0.56427 8.57748 0.53997 0.65160 0.55684 0.53032 e.se507 0.44230 15 0.86135 8.79985 8.74301 0.69047 0.64186 0.59689 8.55526 0.51672 0.48102 0.44793 0.41727 16 17 18 0.85282 0.78803 8.84438 0.77639 0.83602 0.76491 0.72845 0.67362 .76513 8.74726 0.72525 0.66634 0.63017 .68744 0.66506 0.62275 0.58349 0.62741 0.58201 0.54027 0.61763 0.59190 0.54393 0.50025 .58543 e.55839 0.50835 0.46319 0.55491 0.52679 0.47509 0.42888 .52598 0.49697 0.44401 0.39711 0.49856 0.46884 0.41496 0.36770 0.47257 .38782 0.36245 0.31524 7.0% 8.01 9.0% 10.0% 0.93458 0.92593 8.91743 8.90909 0.87344 0.85734 0.84168 0.82645 6.81630 0.79383 6.77218 8.75131 0.76290 0.73503 8.70843 0.68301 0.71299 0.68058 6.64993 0.62092 0.59627 0.56447 0.54703 8.51316 0.50187 0.46651 0.46043 8.42410 0.42241 0.38554 0.38753 0.35049 0.35553 8.31863 0.32618 0.28966 0.34046 8.29925 0.26333 0.27454 0.23939 0.62317 8.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 .25187 8.21763 0.71416 0.65720 0.60502 0.55720 0.51337 8.47318 0.43630 0.40245 0.37136 0.31657 0.27027 0.23107 0.19784 0.70016 0.64117 0.58739 0.53836 0.49363 0.45288 19 0.82774 0.41552 0.38147 0.35034 e.29586 0.25025 0.21199 0.17986 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 8.36158 8.33051 0.27651 0.23171 0.19449 0.16351 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 e.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.17843 0.14864 21 0.01143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 .32486 0.29416 0.24151 .19866 24 0.78757 0.16370 0.13513 0.69954 0.62172 0.55288 0.49193 0.43796 8.39012 0.34770 .31007 .27666 .24698 .19715 0.15770 .12640 0.10153 25 0.77977 28 29 31 0.75684 0.57437 0.74934 0.64936 0.56311 0.74192 0.63976 0.55207 0.73458 0.63031 0.54125 0.67165 0.55126 0.45289 0.68921 0.60953 0.65910 8.53939 0.47761 0.42315 8.50088 8.43708 0,48066 0.42435 0.47674 0.41199 0.35628 0.30832 0.46511 0.39999 0.34423 0.29646 0.37243 0.30656 0.25257 0.20829 0.37512 0.33273 0.29538 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.38165 .33348 .29157 .25509 .22332 0.19563 0.15040 0.11591 0.68955 0.05934 0.36075 8.32065 .27902 .24295 .21160 0.26700 0.23138 0.20064 0.25550 .17193 0.14205 0.22036 .19018 .11746 .10456 0.14056 0.10733 0.00215 0.06304 0.17411 0.13137 0.09938 0.07537 0.16425 0.12277 0.09202 0.06915 0.05210 0.09722 0.06678 0.04603 0.03184 0.02209 0.05731
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