Authors libby rittenberg 729
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a series of $1 payments, made at the end of each year for the next 10
years, is $6.145. Using that same interest rate, the present value of a
series of 10 payments of $1,000 each is $1,000 times 6.145, or $6,145.
TABLE 13.3 PRESENT VALUE OF $1 TO BE
RECEIVED AT THE END OF A GIVEN
NUMBER OF PERIODS
Percent Interest
Perio
d
2
4
6
8
10
12
14
16
18
20
1
0.98 0.96 0.94 0.92 0.90 0.89 0.87 0.86 0.84 0.83
0
2
3
6
9
3
7
2
7
3
2
0.96 0.92 0.89 0.85 0.82 0.79 0.76 0.74 0.71 0.69
1
5
0
7
6
7
9
3
8
4
3
0.94 0.88 0.84 0.79 0.75 0.71 0.67 0.64 0.60 0.57
2
9
0
4
1
2
5
1
9
9
4
0.92 0.85 0.79 0.73 0.68 0.63 0.59 0.55 0.51 0.44
4
5
2
5
3
6
2
2
5
2
5
0.90 0.82 0.74 0.68 0.62 0.56 0.51 0.47 0.43 0.40
6
2
7
1
1
7
9
6
7
2
10
0.82 0.67 0.55 0.46 0.38 0.32 0.27 0.22 0.19 0.16
0
6
8
3
6
2
0
7
1
2
15
0.74 0.55 0.41 0.31 0.23 0.18 0.14 0.18 0.08 0.06
3
5
7
5
9
3
0
0
4
5
20
0.67 0.45 0.31 0.21 0.14 0.10 0.07 0.05 0.03 0.02
3
6
2
5
9
4
3
1
7
6
Attributed to Libby Rittenberg and Timothy Tregarthen
Saylor URL: />
Saylor.org
729
