Article 2

Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Periods

1 0.980 0.962 0.943 0.926 0.909 0.893 0.877 0.862 0.848 0.833 1

2 1.942 1.886 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 2

3 2.884 2.775 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.107 3

4 3.808 3.630 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 4

5 4.713 4.452 4.212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 5

6 5.601 5.242 4.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 6

7 6.472 6.002 5.582 5.206 4.868 4.564 4.288 4.039 3.812 3.605 7

8 7.325 6.733 6.210 5.747 5.335 4.968 4.639 4.344 4.078 3.837 8

9 8.162 7.435 6.802 6.247 5.759 5.328 4.946 4.607 4.303 4.031 9

10 8.983 8.111 7.360 6.710 6.145 5.650 5.216 4.833 4.494 4.193 10

15 12.849 11.118 9.712 8.560 7.606 6.811 6.142 5.576 5.092 4.676 15

20 16.351 13.590 11.470 9.818 8.514 7.469 6.623 5.929 5.353 4.870 20

25 19.523 15.622 12.783 10.675 9.077 7.843 6.873 6.097 5.467 4.948 25

APPENDIX 13-C: Present Value of an Annuity of $1.00

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