14_fraser_appA.

qxd

02/18/2005

4:29 PM

Page 495

Compound Interest
Factors for Discrete
Compounding,
Discrete Cash Flows

14_fraser_appA.qxd

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02/18/2005

4:29 PM

Page 496

APPENDIX A

i
0.5%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0050
1.0100
1.0151
1.0202
1.0253
1.0304
1.0355
1.0407
1.0459
1.0511
1.0564
1.0617
1.0670
1.0723
1.0777
1.0831
1.0885
1.0939
1.0994
1.1049
1.1104
1.1160
1.1216
1.1272
1.1328
1.1385
1.1442
1.1499
1.1556
1.1614
1.1672
1.1730
1.1789
1.1848
1.1907
1.2208
1.2516
1.2832
1.3156
1.3489
1.3829
1.4178
1.4536
1.4903
1.5280
1.5666
1.6061
1.6467

0.99502
0.99007
0.98515
0.98025
0.97537
0.97052
0.96569
0.96089
0.95610
0.95135
0.94661
0.94191
0.93722
0.93256
0.92792
0.92330
0.91871
0.91414
0.90959
0.90506
0.90056
0.89608
0.89162
0.88719
0.88277
0.87838
0.87401
0.86966
0.86533
0.86103
0.85675
0.85248
0.84824
0.84402
0.83982
0.81914
0.79896
0.77929
0.76009
0.74137
0.72311
0.70530
0.68793
0.67099
0.65446
0.63834
0.62262
0.60729

1.0000
0.49875
0.33167
0.24813
0.19801
0.16460
0.14073
0.12283
0.10891
0.09777
0.08866
0.08107
0.07464
0.06914
0.06436
0.06019
0.05651
0.05323
0.05030
0.04767
0.04528
0.04311
0.04113
0.03932
0.03765
0.03611
0.03469
0.03336
0.03213
0.03098
0.02990
0.02889
0.02795
0.02706
0.02622
0.02265
0.01987
0.01765
0.01584
0.01433
0.01306
0.01197
0.01102
0.01020
0.00947
0.00883
0.00825
0.00773

1.0000
2.0050
3.0150
4.0301
5.0503
6.0755
7.1059
8.1414
9.1821
10.228
11.279
12.336
13.397
14.464
15.537
16.614
17.697
18.786
19.880
20.979
22.084
23.194
24.310
25.432
26.559
27.692
28.830
29.975
31.124
32.280
33.441
34.609
35.782
36.961
38.145
44.159
50.324
56.645
63.126
69.770
76.582
83.566
90.727
98.068
105.59
113.31
121.22
129.33

1.0050
0.50375
0.33667
0.25313
0.20301
0.16960
0.14573
0.12783
0.11391
0.10277
0.09366
0.08607
0.07964
0.07414
0.06936
0.06519
0.06151
0.05823
0.05530
0.05267
0.05028
0.04811
0.04613
0.04432
0.04265
0.04111
0.03969
0.03836
0.03713
0.03598
0.03490
0.03389
0.03295
0.03206
0.03122
0.02765
0.02487
0.02265
0.02084
0.01933
0.01806
0.01697
0.01602
0.01520
0.01447
0.01383
0.01325
0.01273

0.99502
1.9851
2.9702
3.9505
4.9259
5.8964
6.8621
7.8230
8.7791
9.7304
10.677
11.619
12.556
13.489
14.417
15.340
16.259
17.173
18.082
18.987
19.888
20.784
21.676
22.563
23.446
24.324
25.198
26.068
26.933
27.794
28.651
29.503
30.352
31.196
32.035
36.172
40.207
44.143
47.981
51.726
55.377
58.939
62.414
65.802
69.108
72.331
75.476
78.543

0.00000
0.49875
0.99667
1.4938
1.9900
2.4855
2.9801
3.4738
3.9668
4.4589
4.9501
5.4406
5.9302
6.4190
6.9069
7.3940
7.8803
8.3658
8.8504
9.3342
9.8172
10.299
10.781
11.261
11.741
12.220
12.698
13.175
13.651
14.126
14.601
15.075
15.548
16.020
16.492
18.836
21.159
23.462
25.745
28.006
30.247
32.468
34.668
36.847
39.006
41.145
43.263
45.361

14_fraser_appA.qxd

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4:29 PM

Page 497

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
1%

497

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0100
1.0201
1.0303
1.0406
1.0510
1.0615
1.0721
1.0829
1.0937
1.1046
1.1157
1.1268
1.1381
1.1495
1.1610
1.1726
1.1843
1.1961
1.2081
1.2202
1.2324
1.2447
1.2572
1.2697
1.2824
1.2953
1.3082
1.3213
1.3345
1.3478
1.3613
1.3749
1.3887
1.4026
1.4166
1.4889
1.5648
1.6446
1.7285
1.8167
1.9094
2.0068
2.1091
2.2167
2.3298
2.4486
2.5735
2.7048

0.99010
0.98030
0.97059
0.96098
0.95147
0.94205
0.93272
0.92348
0.91434
0.90529
0.89632
0.88745
0.87866
0.86996
0.86135
0.85282
0.84438
0.83602
0.82774
0.81954
0.81143
0.80340
0.79544
0.78757
0.77977
0.77205
0.76440
0.75684
0.74934
0.74192
0.73458
0.72730
0.72010
0.71297
0.70591
0.67165
0.63905
0.60804
0.57853
0.55045
0.52373
0.49831
0.47413
0.45112
0.42922
0.40839
0.38857
0.36971

1.0000
0.49751
0.33002
0.24628
0.19604
0.16255
0.13863
0.12069
0.10674
0.09558
0.08645
0.07885
0.07241
0.06690
0.06212
0.05794
0.05426
0.05098
0.04805
0.04542
0.04303
0.04086
0.03889
0.03707
0.03541
0.03387
0.03245
0.03112
0.02990
0.02875
0.02768
0.02667
0.02573
0.02484
0.02400
0.02046
0.01771
0.01551
0.01373
0.01224
0.01100
0.00993
0.00902
0.00822
0.00752
0.00690
0.00636
0.00587

1.0000
2.0100
3.0301
4.0604
5.1010
6.1520
7.2135
8.2857
9.3685
10.462
11.567
12.683
13.809
14.947
16.097
17.258
18.430
19.615
20.811
22.019
23.239
24.472
25.716
26.973
28.243
29.526
30.821
32.129
33.450
34.785
36.133
37.494
38.869
40.258
41.660
48.886
56.481
64.463
72.852
81.670
90.937
100.68
110.91
121.67
132.98
144.86
157.35
170.48

1.0100
0.50751
0.34002
0.25628
0.20604
0.17255
0.14863
0.13069
0.11674
0.10558
0.09645
0.08885
0.08241
0.07690
0.07212
0.06794
0.06426
0.06098
0.05805
0.05542
0.05303
0.05086
0.04889
0.04707
0.04541
0.04387
0.04245
0.04112
0.03990
0.03875
0.03768
0.03667
0.03573
0.03484
0.03400
0.03046
0.02771
0.02551
0.02373
0.02224
0.02100
0.01993
0.01902
0.01822
0.01752
0.01690
0.01636
0.01587

0.99010
1.9704
2.9410
3.9020
4.8534
5.7955
6.7282
7.6517
8.5660
9.4713
10.368
11.255
12.134
13.004
13.865
14.718
15.562
16.398
17.226
18.046
18.857
19.660
20.456
21.243
22.023
22.795
23.560
24.316
25.066
25.808
26.542
27.270
27.990
28.703
29.409
32.835
36.095
39.196
42.147
44.955
47.627
50.169
52.587
54.888
57.078
59.161
61.143
63.029

0.00000
0.49751
0.99337
1.4876
1.9801
2.4710
2.9602
3.4478
3.9337
4.4179
4.9005
5.3815
5.8607
6.3384
6.8143
7.2886
7.7613
8.2323
8.7017
9.1694
9.6354
10.100
10.563
11.024
11.483
11.941
12.397
12.852
13.304
13.756
14.205
14.653
15.099
15.544
15.987
18.178
20.327
22.436
24.505
26.533
28.522
30.470
32.379
34.249
36.080
37.872
39.626
41.343

14_fraser_appA.qxd

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02/18/2005

4:29 PM

Page 498

APPENDIX A

i
1.5%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0150
1.0302
1.0457
1.0614
1.0773
1.0934
1.1098
1.1265
1.1434
1.1605
1.1779
1.1956
1.2136
1.2318
1.2502
1.2690
1.2880
1.3073
1.3270
1.3469
1.3671
1.3876
1.4084
1.4295
1.4509
1.4727
1.4948
1.5172
1.5400
1.5631
1.5865
1.6103
1.6345
1.6590
1.6839
1.8140
1.9542
2.1052
2.2679
2.4432
2.6320
2.8355
3.0546
3.2907
3.5450
3.8189
4.1141
4.4320

0.98522
0.97066
0.95632
0.94218
0.92826
0.91454
0.90103
0.88771
0.87459
0.86167
0.84893
0.83639
0.82403
0.81185
0.79985
0.78803
0.77639
0.76491
0.75361
0.74247
0.73150
0.72069
0.71004
0.69954
0.68921
0.67902
0.66899
0.65910
0.64936
0.63976
0.63031
0.62099
0.61182
0.60277
0.59387
0.55126
0.51171
0.47500
0.44093
0.40930
0.37993
0.35268
0.32738
0.30389
0.28209
0.26185
0.24307
0.22563

1.0000
0.49628
0.32838
0.24444
0.19409
0.16053
0.13656
0.11858
0.10461
0.09343
0.08429
0.07668
0.07024
0.06472
0.05994
0.05577
0.05208
0.04881
0.04588
0.04325
0.04087
0.03870
0.03673
0.03492
0.03326
0.03173
0.03032
0.02900
0.02778
0.02664
0.02557
0.02458
0.02364
0.02276
0.02193
0.01843
0.01572
0.01357
0.01183
0.01039
0.00919
0.00817
0.00730
0.00655
0.00589
0.00532
0.00482
0.00437

1.0000
2.0150
3.0452
4.0909
5.1523
6.2296
7.3230
8.4328
9.5593
10.703
11.863
13.041
14.237
15.450
16.682
17.932
19.201
20.489
21.797
23.124
24.471
25.838
27.225
28.634
30.063
31.514
32.987
34.481
35.999
37.539
39.102
40.688
42.299
43.933
45.592
54.268
63.614
73.683
84.530
96.215
108.80
122.36
136.97
152.71
169.67
187.93
207.61
228.80

1.0150
0.51128
0.34338
0.25944
0.20909
0.17553
0.15156
0.13358
0.11961
0.10843
0.09929
0.09168
0.08524
0.07972
0.07494
0.07077
0.06708
0.06381
0.06088
0.05825
0.05587
0.05370
0.05173
0.04992
0.04826
0.04673
0.04532
0.04400
0.04278
0.04164
0.04057
0.03958
0.03864
0.03776
0.03693
0.03343
0.03072
0.02857
0.02683
0.02539
0.02419
0.02317
0.02230
0.02155
0.02089
0.02032
0.01982
0.01937

0.98522
1.9559
2.9122
3.8544
4.7826
5.6972
6.5982
7.4859
8.3605
9.2222
10.071
10.908
11.732
12.543
13.343
14.131
14.908
15.673
16.426
17.169
17.900
18.621
19.331
20.030
20.720
21.399
22.068
22.727
23.376
24.016
24.646
25.267
25.879
26.482
27.076
29.916
32.552
35.000
37.271
39.380
41.338
43.155
44.842
46.407
47.861
49.210
50.462
51.625

0.00000
0.49628
0.99007
1.4814
1.9702
2.4566
2.9405
3.4219
3.9008
4.3772
4.8512
5.3227
5.7917
6.2582
6.7223
7.1839
7.6431
8.0997
8.5539
9.0057
9.4550
9.9018
10.346
10.788
11.228
11.665
12.099
12.531
12.961
13.388
13.813
14.236
14.656
15.073
15.488
17.528
19.507
21.428
23.289
25.093
26.839
28.529
30.163
31.742
33.268
34.740
36.160
37.530

14_fraser_appA.qxd

02/18/2005

4:29 PM

Page 499

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
2%

499

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0200
1.0404
1.0612
1.0824
1.1041
1.1262
1.1487
1.1717
1.1951
1.2190
1.2434
1.2682
1.2936
1.3195
1.3459
1.3728
1.4002
1.4282
1.4568
1.4859
1.5157
1.5460
1.5769
1.6084
1.6406
1.6734
1.7069
1.7410
1.7758
1.8114
1.8476
1.8845
1.9222
1.9607
1.9999
2.2080
2.4379
2.6916
2.9717
3.2810
3.6225
3.9996
4.4158
4.8754
5.3829
5.9431
6.5617
7.2446

0.98039
0.96117
0.94232
0.92385
0.90573
0.88797
0.87056
0.85349
0.83676
0.82035
0.80426
0.78849
0.77303
0.75788
0.74301
0.72845
0.71416
0.70016
0.68643
0.67297
0.65978
0.64684
0.63416
0.62172
0.60953
0.59758
0.58586
0.57437
0.56311
0.55207
0.54125
0.53063
0.52023
0.51003
0.50003
0.45289
0.41020
0.37153
0.33650
0.30478
0.27605
0.25003
0.22646
0.20511
0.18577
0.16826
0.15240
0.13803

1.0000
0.49505
0.32675
0.24262
0.19216
0.15853
0.13451
0.11651
0.10252
0.09133
0.08218
0.07456
0.06812
0.06260
0.05783
0.05365
0.04997
0.04670
0.04378
0.04116
0.03878
0.03663
0.03467
0.03287
0.03122
0.02970
0.02829
0.02699
0.02578
0.02465
0.02360
0.02261
0.02169
0.02082
0.02000
0.01656
0.01391
0.01182
0.01014
0.00877
0.00763
0.00667
0.00586
0.00516
0.00456
0.00405
0.00360
0.00320

1.0000
2.0200
3.0604
4.1216
5.2040
6.3081
7.4343
8.5830
9.7546
10.950
12.169
13.412
14.680
15.974
17.293
18.639
20.012
21.412
22.841
24.297
25.783
27.299
28.845
30.422
32.030
33.671
35.344
37.051
38.792
40.568
42.379
44.227
46.112
48.034
49.994
60.402
71.893
84.579
98.587
114.05
131.13
149.98
170.79
193.77
219.14
247.16
278.08
312.23

1.0200
0.51505
0.34675
0.26262
0.21216
0.17853
0.15451
0.13651
0.12252
0.11133
0.10218
0.09456
0.08812
0.08260
0.07783
0.07365
0.06997
0.06670
0.06378
0.06116
0.05878
0.05663
0.05467
0.05287
0.05122
0.04970
0.04829
0.04699
0.04578
0.04465
0.04360
0.04261
0.04169
0.04082
0.04000
0.03656
0.03391
0.03182
0.03014
0.02877
0.02763
0.02667
0.02586
0.02516
0.02456
0.02405
0.02360
0.02320

0.98039
1.9416
2.8839
3.8077
4.7135
5.6014
6.4720
7.3255
8.1622
8.9826
9.787
10.575
11.348
12.106
12.849
13.578
14.292
14.992
15.678
16.351
17.011
17.658
18.292
18.914
19.523
20.121
20.707
21.281
21.844
22.396
22.938
23.468
23.989
24.499
24.999
27.355
29.490
31.424
33.175
34.761
36.197
37.499
38.677
39.745
40.711
41.587
42.380
43.098

0.00000
0.49505
0.98680
1.4752
1.9604
2.4423
2.9208
3.3961
3.8681
4.3367
4.8021
5.2642
5.7231
6.1786
6.6309
7.0799
7.5256
7.9681
8.4073
8.8433
9.2760
9.7050
10.1320
10.5550
10.9740
11.391
11.804
12.214
12.621
13.025
13.426
13.823
14.217
14.608
14.996
16.889
18.703
20.442
22.106
23.696
25.215
26.663
28.043
29.357
30.606
31.793
32.919
33.986

14_fraser_appA.qxd

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APPENDIX A

i
3%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

N
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

0.97087
0.94260
0.91514
0.88849
0.86261
0.83748
0.81309
0.78941
0.76642
0.74409
0.72242
0.70138
0.68095
0.66112
0.64186
0.62317
0.60502
0.58739
0.57029
0.55368
0.53755
0.52189
0.50669
0.49193
0.47761
0.46369
0.45019
0.43708
0.42435
0.41199
0.39999
0.38834
0.37703
0.36604
0.35538
0.30656
0.26444
0.22811
0.19677
0.16973
0.14641
0.12630
0.10895
0.09398
0.08107
0.06993
0.06032
0.05203

1.0000
0.49261
0.32353
0.23903
0.18835
0.15460
0.13051
0.11246
0.09843
0.08723
0.07808
0.07046
0.06403
0.05853
0.05377
0.04961
0.04595
0.04271
0.03981
0.03722
0.03487
0.03275
0.03081
0.02905
0.02743
0.02594
0.02456
0.02329
0.02211
0.02102
0.02000
0.01905
0.01816
0.01732
0.01654
0.01326
0.01079
0.00887
0.00735
0.00613
0.00515
0.00434
0.00367
0.00311
0.00265
0.00226
0.00193
0.00165

1.0000
2.0300
3.0909
4.1836
5.3091
6.4684
7.6625
8.8923
10.159
11.464
12.808
14.192
15.618
17.086
18.599
20.157
21.762
23.414
25.117
26.870
28.676
30.537
32.453
34.426
36.459
38.553
40.710
42.931
45.219
47.575
50.003
52.503
55.078
57.730
60.462
75.401
92.720
112.80
136.07
163.05
194.33
230.59
272.63
321.36
377.86
443.35
519.27
607.29

1.0300
0.52261
0.35353
0.26903
0.21835
0.18460
0.16051
0.14246
0.12843
0.11723
0.10808
0.10046
0.09403
0.08853
0.08377
0.07961
0.07595
0.07271
0.06981
0.06722
0.06487
0.06275
0.06081
0.05905
0.05743
0.05594
0.05456
0.05329
0.05211
0.05102
0.05000
0.04905
0.04816
0.04732
0.04654
0.04326
0.04079
0.03887
0.03735
0.03613
0.03515
0.03434
0.03367
0.03311
0.03265
0.03226
0.03193
0.03165

0.97087
1.9135
2.8286
3.7171
4.5797
5.4172
6.2303
7.0197
7.7861
8.5302
9.2526
9.9540
10.635
11.296
11.938
12.561
13.166
13.754
14.324
14.877
15.415
15.937
16.444
16.936
17.413
17.877
18.327
18.764
19.188
19.600
20.000
20.389
20.766
21.132
21.487
23.115
24.519
25.730
26.774
27.676
28.453
29.123
29.702
30.201
30.631
31.002
31.323
31.599

0.00000
0.49261
0.98030
1.4631
1.9409
2.4138
2.8819
3.3450
3.8032
4.2565
4.7049
5.1485
5.5872
6.0210
6.4500
6.8742
7.2936
7.7081
8.1179
8.5229
8.9231
9.3186
9.7093
10.095
10.477
10.853
11.226
11.593
11.956
12.314
12.668
13.017
13.362
13.702
14.037
15.650
17.156
18.558
19.860
21.067
22.184
23.215
24.163
25.035
25.835
26.567
27.235
27.844

1.0300
1.0609
1.0927
1.1255
1.1593
1.1941
1.2299
1.2668
1.3048
1.3439
1.3842
1.4258
1.4685
1.5126
1.5580
1.6047
1.6528
1.7024
1.7535
1.8061
1.8603
1.9161
1.9736
2.0328
2.0938
2.1566
2.2213
2.2879
2.3566
2.4273
2.5001
2.5751
2.6523
2.7319
2.8139
3.2620
3.7816
4.3839
5.0821
5.8916
6.8300
7.9178
9.1789
10.641
12.336
14.300
16.578
19.219

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Page 501

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
4%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

N
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

501

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

0.96154
0.92456
0.88900
0.85480
0.82193
0.79031
0.75992
0.73069
0.70259
0.67556
0.64958
0.62460
0.60057
0.57748
0.55526
0.53391
0.51337
0.49363
0.47464
0.45639
0.43883
0.42196
0.40573
0.39012
0.37512
0.36069
0.34682
0.33348
0.32065
0.30832
0.29646
0.28506
0.27409
0.26355
0.25342
0.20829
0.17120
0.14071
0.11566
0.09506
0.07813
0.06422
0.05278
0.04338
0.03566
0.02931
0.02409
0.01980

1.0000
0.49020
0.32035
0.23549
0.18463
0.15076
0.12661
0.10853
0.09449
0.08329
0.07415
0.06655
0.06014
0.05467
0.04994
0.04582
0.04220
0.03899
0.03614
0.03358
0.03128
0.02920
0.02731
0.02559
0.02401
0.02257
0.02124
0.02001
0.01888
0.01783
0.01686
0.01595
0.01510
0.01431
0.01358
0.01052
0.00826
0.00655
0.00523
0.00420
0.00339
0.00275
0.00223
0.00181
0.00148
0.00121
0.00099
0.00081

1.0000
2.0400
3.1216
4.2465
5.4163
6.6330
7.8983
9.2142
10.583
12.006
13.486
15.026
16.627
18.292
20.024
21.825
23.698
25.645
27.671
29.778
31.969
34.248
36.618
39.083
41.646
44.312
47.084
49.968
52.966
56.085
59.328
62.701
66.210
69.858
73.652
95.026
121.03
152.67
191.16
237.99
294.97
364.29
448.63
551.24
676.09
827.98
1012.8
1237.6

1.0400
0.53020
0.36035
0.27549
0.22463
0.19076
0.16661
0.14853
0.13449
0.12329
0.11415
0.10655
0.10014
0.09467
0.08994
0.08582
0.08220
0.07899
0.07614
0.07358
0.07128
0.06920
0.06731
0.06559
0.06401
0.06257
0.06124
0.06001
0.05888
0.05783
0.05686
0.05595
0.05510
0.05431
0.05358
0.05052
0.04826
0.04655
0.04523
0.04420
0.04339
0.04275
0.04223
0.04181
0.04148
0.04121
0.04099
0.04081

0.96154
1.8861
2.7751
3.6299
4.4518
5.2421
6.0021
6.7327
7.4353
8.1109
8.7605
9.3851
9.9856
10.563
11.118
11.652
12.166
12.659
13.134
13.590
14.029
14.451
14.857
15.247
15.622
15.983
16.330
16.663
16.984
17.292
17.588
17.874
18.148
18.411
18.665
19.793
20.720
21.482
22.109
22.623
23.047
23.395
23.680
23.915
24.109
24.267
24.398
24.505

0.00000
0.49020
0.97386
1.4510
1.9216
2.3857
2.8433
3.2944
3.7391
4.1773
4.6090
5.0343
5.4533
5.8659
6.2721
6.6720
7.0656
7.4530
7.8342
8.2091
8.5779
8.9407
9.2973
9.6479
9.9925
10.331
10.664
10.991
11.312
11.627
11.937
12.241
12.540
12.832
13.120
14.477
15.705
16.812
17.807
18.697
19.491
20.196
20.821
21.372
21.857
22.283
22.655
22.980

1.0400
1.0816
1.1249
1.1699
1.2167
1.2653
1.3159
1.3686
1.4233
1.4802
1.5395
1.6010
1.6651
1.7317
1.8009
1.8730
1.9479
2.0258
2.1068
2.1911
2.2788
2.3699
2.4647
2.5633
2.6658
2.7725
2.8834
2.9987
3.1187
3.2434
3.3731
3.5081
3.6484
3.7943
3.9461
4.8010
5.8412
7.1067
8.6464
10.520
12.799
15.572
18.945
23.050
28.044
34.119
41.511
50.505

14_fraser_appA.qxd

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Page 502

APPENDIX A

i
5%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0500
1.1025
1.1576
1.2155
1.2763
1.3401
1.4071
1.4775
1.5513
1.6289
1.7103
1.7959
1.8856
1.9799
2.0789
2.1829
2.2920
2.4066
2.5270
2.6533
2.7860
2.9253
3.0715
3.2251
3.3864
3.5557
3.7335
3.9201
4.1161
4.3219
4.5380
4.7649
5.0032
5.2533
5.5160
7.0400
8.9850
11.467
14.636
18.679
23.840
30.426
38.833
49.561
63.254
80.730
103.03
131.50

0.95238
0.90703
0.86384
0.82270
0.78353
0.74622
0.71068
0.67684
0.64461
0.61391
0.58468
0.55684
0.53032
0.50507
0.48102
0.45811
0.43630
0.41552
0.39573
0.37689
0.35894
0.34185
0.32557
0.31007
0.29530
0.28124
0.26785
0.25509
0.24295
0.23138
0.22036
0.20987
0.19987
0.19035
0.18129
0.14205
0.11130
0.08720
0.06833
0.05354
0.04195
0.03287
0.02575
0.02018
0.01581
0.01239
0.00971
0.00760

1.0000
0.48780
0.31721
0.23201
0.18097
0.14702
0.12282
0.10472
0.09069
0.07950
0.07039
0.06283
0.05646
0.05102
0.04634
0.04227
0.03870
0.03555
0.03275
0.03024
0.02800
0.02597
0.02414
0.02247
0.02095
0.01956
0.01829
0.01712
0.01605
0.01505
0.01413
0.01328
0.01249
0.01176
0.01107
0.00828
0.00626
0.00478
0.00367
0.00283
0.00219
0.00170
0.00132
0.00103
0.00080
0.00063
0.00049
0.00038

1.0000
2.0500
3.1525
4.3101
5.5256
6.8019
8.1420
9.5491
11.027
12.578
14.207
15.917
17.713
19.599
21.579
23.657
25.840
28.132
30.539
33.066
35.719
38.505
41.430
44.502
47.727
51.113
54.669
58.403
62.323
66.439
70.761
75.299
80.064
85.067
90.320
120.80
159.70
209.35
272.71
353.58
456.80
588.53
756.65
971.23
1245.1
1594.6
2040.7
2610.0

1.0500
0.53780
0.36721
0.28201
0.23097
0.19702
0.17282
0.15472
0.14069
0.12950
0.12039
0.11283
0.10646
0.10102
0.09634
0.09227
0.08870
0.08555
0.08275
0.08024
0.07800
0.07597
0.07414
0.07247
0.07095
0.06956
0.06829
0.06712
0.06605
0.06505
0.06413
0.06328
0.06249
0.06176
0.06107
0.05828
0.05626
0.05478
0.05367
0.05283
0.05219
0.05170
0.05132
0.05103
0.05080
0.05063
0.05049
0.05038

0.95238
1.8594
2.7232
3.5460
4.3295
5.0757
5.7864
6.4632
7.1078
7.7217
8.3064
8.8633
9.3936
9.8986
10.380
10.838
11.274
11.690
12.085
12.462
12.821
13.163
13.489
13.799
14.094
14.375
14.643
14.898
15.141
15.372
15.593
15.803
16.003
16.193
16.374
17.159
17.774
18.256
18.633
18.929
19.161
19.343
19.485
19.596
19.684
19.752
19.806
19.848

0.00000
0.48780
0.96749
1.4391
1.9025
2.3579
2.8052
3.2445
3.6758
4.0991
4.5144
4.9219
5.3215
5.7133
6.0973
6.4736
6.8423
7.2034
7.5569
7.9030
8.2416
8.5730
8.8971
9.2140
9.5238
9.8266
10.122
10.411
10.694
10.969
11.238
11.501
11.757
12.006
12.250
13.377
14.364
15.223
15.966
16.606
17.154
17.621
18.018
18.353
18.635
18.871
19.069
19.234

14_fraser_appA.qxd

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Page 503

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
6%

503

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0600
1.1236
1.1910
1.2625
1.3382
1.4185
1.5036
1.5938
1.6895
1.7908
1.8983
2.0122
2.1329
2.2609
2.3966
2.5404
2.6928
2.8543
3.0256
3.2071
3.3996
3.6035
3.8197
4.0489
4.2919
4.5494
4.8223
5.1117
5.4184
5.7435
6.0881
6.4534
6.8406
7.2510
7.6861
10.286
13.765
18.420
24.650
32.988
44.145
59.076
79.057
105.80
141.58
189.46
253.55
339.30

0.94340
0.89000
0.83962
0.79209
0.74726
0.70496
0.66506
0.62741
0.59190
0.55839
0.52679
0.49697
0.46884
0.44230
0.41727
0.39365
0.37136
0.35034
0.33051
0.31180
0.29416
0.27751
0.26180
0.24698
0.23300
0.21981
0.20737
0.19563
0.18456
0.17411
0.16425
0.15496
0.14619
0.13791
0.13011
0.09722
0.07265
0.05429
0.04057
0.03031
0.02265
0.01693
0.01265
0.00945
0.00706
0.00528
0.00394
0.00295

1.0000
0.48544
0.31411
0.22859
0.17740
0.14336
0.11914
0.10104
0.08702
0.07587
0.06679
0.05928
0.05296
0.04758
0.04296
0.03895
0.03544
0.03236
0.02962
0.02718
0.02500
0.02305
0.02128
0.01968
0.01823
0.01690
0.01570
0.01459
0.01358
0.01265
0.01179
0.01100
0.01027
0.00960
0.00897
0.00646
0.00470
0.00344
0.00254
0.00188
0.00139
0.00103
0.00077
0.00057
0.00043
0.00032
0.00024
0.00018

1.0000
2.0600
3.1836
4.3746
5.6371
6.9753
8.3938
9.8975
11.491
13.181
14.972
16.870
18.882
21.015
23.276
25.673
28.213
30.906
33.760
36.786
39.993
43.392
46.996
50.816
54.865
59.156
63.706
68.528
73.640
79.058
84.802
90.890
97.343
104.18
111.43
154.76
212.74
290.34
394.17
533.13
719.08
967.93
1300.9
1746.6
2343.0
3141.1
4209.1
5638.4

1.0600
0.54544
0.37411
0.28859
0.23740
0.20336
0.17914
0.16104
0.14702
0.13587
0.12679
0.11928
0.11296
0.10758
0.10296
0.09895
0.09544
0.09236
0.08962
0.08718
0.08500
0.08305
0.08128
0.07968
0.07823
0.07690
0.07570
0.07459
0.07358
0.07265
0.07179
0.07100
0.07027
0.06960
0.06897
0.06646
0.06470
0.06344
0.06254
0.06188
0.06139
0.06103
0.06077
0.06057
0.06043
0.06032
0.06024
0.06018

0.94340
1.8334
2.6730
3.4651
4.2124
4.9173
5.5824
6.2098
6.8017
7.3601
7.8869
8.3838
8.8527
9.2950
9.7122
10.106
10.477
10.828
11.158
11.470
11.764
12.042
12.303
12.550
12.783
13.003
13.211
13.406
13.591
13.765
13.929
14.084
14.230
14.368
14.498
15.046
15.456
15.762
15.991
16.161
16.289
16.385
16.456
16.509
16.549
16.579
16.601
16.618

0.00000
0.48544
0.96118
1.4272
1.8836
2.3304
2.7676
3.1952
3.6133
4.0220
4.4213
4.8113
5.1920
5.5635
5.9260
6.2794
6.6240
6.9597
7.2867
7.6051
7.9151
8.2166
8.5099
8.7951
9.0722
9.3414
9.6029
9.8568
10.103
10.342
10.574
10.799
11.017
11.228
11.432
12.359
13.141
13.796
14.341
14.791
15.160
15.461
15.706
15.903
16.062
16.189
16.290
16.371

14_fraser_appA.qxd

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Page 504

APPENDIX A

i
7%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0700
1.1449
1.2250
1.3108
1.4026
1.5007
1.6058
1.7182
1.8385
1.9672
2.1049
2.2522
2.4098
2.5785
2.7590
2.9522
3.1588
3.3799
3.6165
3.8697
4.1406
4.4304
4.7405
5.0724
5.4274
5.8074
6.2139
6.6488
7.1143
7.6123
8.1451
8.7153
9.3253
9.9781
10.677
14.974
21.002
29.457
41.315
57.946
81.273
113.99
159.88
224.23
314.50
441.10
618.67
867.72

0.93458
0.87344
0.81630
0.76290
0.71299
0.66634
0.62275
0.58201
0.54393
0.50835
0.47509
0.44401
0.41496
0.38782
0.36245
0.33873
0.31657
0.29586
0.27651
0.25842
0.24151
0.22571
0.21095
0.19715
0.18425
0.17220
0.16093
0.15040
0.14056
0.13137
0.12277
0.11474
0.10723
0.10022
0.09366
0.06678
0.04761
0.03395
0.02420
0.01726
0.01230
0.00877
0.00625
0.00446
0.00318
0.00227
0.00162
0.00115

1.0000
0.48309
0.31105
0.22523
0.17389
0.13980
0.11555
0.09747
0.08349
0.07238
0.06336
0.05590
0.04965
0.04434
0.03979
0.03586
0.03243
0.02941
0.02675
0.02439
0.02229
0.02041
0.01871
0.01719
0.01581
0.01456
0.01343
0.01239
0.01145
0.01059
0.00980
0.00907
0.00841
0.00780
0.00723
0.00501
0.00350
0.00246
0.00174
0.00123
0.00087
0.00062
0.00044
0.00031
0.00022
0.00016
0.00011
0.00008

1.0000
2.0700
3.2149
4.4399
5.7507
7.1533
8.6540
10.260
11.978
13.816
15.784
17.888
20.141
22.550
25.129
27.888
30.840
33.999
37.379
40.995
44.865
49.006
53.436
58.177
63.249
68.676
74.484
80.698
87.347
94.461
102.07
110.22
118.93
128.26
138.24
199.64
285.75
406.53
575.93
813.52
1146.8
1614.1
2269.7
3189.1
4478.6
6287.2
8823.9
12 382.0

1.0700
0.55309
0.38105
0.29523
0.24389
0.20980
0.18555
0.16747
0.15349
0.14238
0.13336
0.12590
0.11965
0.11434
0.10979
0.10586
0.10243
0.09941
0.09675
0.09439
0.09229
0.09041
0.08871
0.08719
0.08581
0.08456
0.08343
0.08239
0.08145
0.08059
0.07980
0.07907
0.07841
0.07780
0.07723
0.07501
0.07350
0.07246
0.07174
0.07123
0.07087
0.07062
0.07044
0.07031
0.07022
0.07016
0.07011
0.07008

0.93458
1.8080
2.6243
3.3872
4.1002
4.7665
5.3893
5.9713
6.5152
7.0236
7.4987
7.9427
8.3577
8.7455
9.1079
9.4466
9.7632
10.059
10.336
10.594
10.836
11.061
11.272
11.469
11.654
11.826
11.987
12.137
12.278
12.409
12.532
12.647
12.754
12.854
12.948
13.332
13.606
13.801
13.940
14.039
14.110
14.160
14.196
14.222
14.240
14.253
14.263
14.269

0.00000
0.48309
0.95493
1.4155
1.8650
2.3032
2.7304
3.1465
3.5517
3.9461
4.3296
4.7025
5.0648
5.4167
5.7583
6.0897
6.4110
6.7225
7.0242
7.3163
7.5990
7.8725
8.1369
8.3923
8.6391
8.8773
9.1072
9.3289
9.5427
9.7487
9.9471
10.138
10.322
10.499
10.669
11.423
12.036
12.529
12.921
13.232
13.476
13.666
13.814
13.927
14.015
14.081
14.132
14.170

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Page 505

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
8%

505

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0800
1.1664
1.2597
1.3605
1.4693
1.5869
1.7138
1.8509
1.9990
2.1589
2.3316
2.5182
2.7196
2.9372
3.1722
3.4259
3.7000
3.9960
4.3157
4.6610
5.0338
5.4365
5.8715
6.3412
6.8485
7.3964
7.9881
8.6271
9.3173
10.063
10.868
11.737
12.676
13.690
14.785
21.725
31.920
46.902
68.914
101.26
148.78
218.61
321.20
471.95
693.46
1018.9
1497.1
2199.8

0.92593
0.85734
0.79383
0.73503
0.68058
0.63017
0.58349
0.54027
0.50025
0.46319
0.42888
0.39711
0.36770
0.34046
0.31524
0.29189
0.27027
0.25025
0.23171
0.21455
0.19866
0.18394
0.17032
0.15770
0.14602
0.13520
0.12519
0.11591
0.10733
0.09938
0.09202
0.08520
0.07889
0.07305
0.06763
0.04603
0.03133
0.02132
0.01451
0.00988
0.00672
0.00457
0.00311
0.00212
0.00144
0.00098
0.00067
0.00045

1.0000
0.48077
0.30803
0.22192
0.17046
0.13632
0.11207
0.09401
0.08008
0.06903
0.06008
0.05270
0.04652
0.04130
0.03683
0.03298
0.02963
0.02670
0.02413
0.02185
0.01983
0.01803
0.01642
0.01498
0.01368
0.01251
0.01145
0.01049
0.00962
0.00883
0.00811
0.00745
0.00685
0.00630
0.00580
0.00386
0.00259
0.00174
0.00118
0.00080
0.00054
0.00037
0.00025
0.00017
0.00012
0.00008
0.00005
0.00004

1.0000
2.0800
3.2464
4.5061
5.8666
7.3359
8.9228
10.637
12.488
14.487
16.645
18.977
21.495
24.215
27.152
30.324
33.750
37.450
41.446
45.762
50.423
55.457
60.893
66.765
73.106
79.954
87.351
95.339
103.97
113.28
123.35
134.21
145.95
158.63
172.32
259.06
386.51
573.77
848.92
1253.2
1847.2
2720.1
4002.6
5886.9
8655.7
12 724.0
18 702.0
27 485.0

1.0800
0.56077
0.38803
0.30192
0.25046
0.21632
0.19207
0.17401
0.16008
0.14903
0.14008
0.13270
0.12652
0.12130
0.11683
0.11298
0.10963
0.10670
0.10413
0.10185
0.09983
0.09803
0.09642
0.09498
0.09368
0.09251
0.09145
0.09049
0.08962
0.08883
0.08811
0.08745
0.08685
0.08630
0.08580
0.08386
0.08259
0.08174
0.08118
0.08080
0.08054
0.08037
0.08025
0.08017
0.08012
0.08008
0.08005
0.08004

0.92593
1.7833
2.5771
3.3121
3.9927
4.6229
5.2064
5.7466
6.2469
6.7101
7.1390
7.5361
7.9038
8.2442
8.5595
8.8514
9.1216
9.3719
9.6036
9.8181
10.017
10.201
10.371
10.529
10.675
10.810
10.935
11.051
11.158
11.258
11.350
11.435
11.514
11.587
11.655
11.925
12.108
12.233
12.319
12.377
12.416
12.443
12.461
12.474
12.482
12.488
12.492
12.494

0.00000
0.48077
0.94874
1.4040
1.8465
2.2763
2.6937
3.0985
3.4910
3.8713
4.2395
4.5957
4.9402
5.2731
5.5945
5.9046
6.2037
6.4920
6.7697
7.0369
7.2940
7.5412
7.7786
8.0066
8.2254
8.4352
8.6363
8.8289
9.0133
9.1897
9.3584
9.5197
9.6737
9.8208
9.9611
10.570
11.045
11.411
11.690
11.902
12.060
12.178
12.266
12.330
12.377
12.412
12.437
12.455

14_fraser_appA.qxd

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4:29 PM

Page 506

APPENDIX A

i
9%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75
80
85
90
95
100

1.0900
1.1881
1.2950
1.4116
1.5386
1.6771
1.8280
1.9926
2.1719
2.3674
2.5804
2.8127
3.0658
3.3417
3.6425
3.9703
4.3276
4.7171
5.1417
5.6044
6.1088
6.6586
7.2579
7.9111
8.6231
9.3992
10.245
11.167
12.172
13.268
14.462
15.763
17.182
18.728
20.414
31.409
48.327
74.358
114.41
176.03
270.85
416.73
641.19
986.55
1517.9
2335.5
3593.5
5529.0

0.91743
0.84168
0.77218
0.70843
0.64993
0.59627
0.54703
0.50187
0.46043
0.42241
0.38753
0.35553
0.32618
0.29925
0.27454
0.25187
0.23107
0.21199
0.19449
0.17843
0.16370
0.15018
0.13778
0.12640
0.11597
0.10639
0.09761
0.08955
0.08215
0.07537
0.06915
0.06344
0.05820
0.05339
0.04899
0.03184
0.02069
0.01345
0.00874
0.00568
0.00369
0.00240
0.00156
0.00101
0.00066
0.00043
0.00028
0.00018

1.0000
0.47847
0.30505
0.21867
0.16709
0.13292
0.10869
0.09067
0.07680
0.06582
0.05695
0.04965
0.04357
0.03843
0.03406
0.03030
0.02705
0.02421
0.02173
0.01955
0.01762
0.01590
0.01438
0.01302
0.01181
0.01072
0.00973
0.00885
0.00806
0.00734
0.00669
0.00610
0.00556
0.00508
0.00464
0.00296
0.00190
0.00123
0.00079
0.00051
0.00033
0.00022
0.00014
0.00009
0.00006
0.00004
0.00003
0.00002

1.0000
2.0900
3.2781
4.5731
5.9847
7.5233
9.2004
11.028
13.021
15.193
17.560
20.141
22.953
26.019
29.361
33.003
36.974
41.301
46.018
51.160
56.765
62.873
69.532
76.790
84.701
93.324
102.72
112.97
124.14
136.31
149.58
164.04
179.80
196.98
215.71
337.88
525.86
815.08
1260.1
1944.8
2998.3
4619.2
7113.2
10 951.0
16 855.0
25 939.0
39 917.0
61 423.0

1.0900
0.56847
0.39505
0.30867
0.25709
0.22292
0.19869
0.18067
0.16680
0.15582
0.14695
0.13965
0.13357
0.12843
0.12406
0.12030
0.11705
0.11421
0.11173
0.10955
0.10762
0.10590
0.10438
0.10302
0.10181
0.10072
0.09973
0.09885
0.09806
0.09734
0.09669
0.09610
0.09556
0.09508
0.09464
0.09296
0.09190
0.09123
0.09079
0.09051
0.09033
0.09022
0.09014
0.09009
0.09006
0.09004
0.09003
0.09002

0.91743
1.7591
2.5313
3.2397
3.8897
4.4859
5.0330
5.5348
5.9952
6.4177
6.8052
7.1607
7.4869
7.7862
8.0607
8.3126
8.5436
8.7556
8.9501
9.1285
9.2922
9.4424
9.5802
9.7066
9.8226
9.9290
10.027
10.116
10.198
10.274
10.343
10.406
10.464
10.518
10.567
10.757
10.881
10.962
11.014
11.048
11.070
11.084
11.094
11.100
11.104
11.106
11.108
11.109

0.00000
0.47847
0.94262
1.3925
1.8282
2.2498
2.6574
3.0512
3.4312
3.7978
4.1510
4.4910
4.8182
5.1326
5.4346
5.7245
6.0024
6.2687
6.5236
6.7674
7.0006
7.2232
7.4357
7.6384
7.8316
8.0156
8.1906
8.3571
8.5154
8.6657
8.8083
8.9436
9.0718
9.1933
9.3083
9.7957
10.160
10.430
10.626
10.768
10.870
10.943
10.994
11.030
11.055
11.073
11.085
11.093

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Page 507

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
10%

507

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55
60
65
70
75

1.1000
1.2100
1.3310
1.4641
1.6105
1.7716
1.9487
2.1436
2.3579
2.5937
2.8531
3.1384
3.4523
3.7975
4.1772
4.5950
5.0545
5.5599
6.1159
6.7275
7.4002
8.1403
8.9543
9.8497
10.835
11.918
13.110
14.421
15.863
17.449
19.194
21.114
23.225
25.548
28.102
45.259
72.890
117.39
189.06
304.48
490.37
789.75
1271.9

0.90909
0.82645
0.75131
0.68301
0.62092
0.56447
0.51316
0.46651
0.42410
0.38554
0.35049
0.31863
0.28966
0.26333
0.23939
0.21763
0.19784
0.17986
0.16351
0.14864
0.13513
0.12285
0.11168
0.10153
0.09230
0.08391
0.07628
0.06934
0.06304
0.05731
0.05210
0.04736
0.04306
0.03914
0.03558
0.02209
0.01372
0.00852
0.00529
0.00328
0.00204
0.00127
0.00079

1.0000
0.47619
0.30211
0.21547
0.16380
0.12961
0.10541
0.08744
0.07364
0.06275
0.05396
0.04676
0.04078
0.03575
0.03147
0.02782
0.02466
0.02193
0.01955
0.01746
0.01562
0.01401
0.01257
0.01130
0.01017
0.00916
0.00826
0.00745
0.00673
0.00608
0.00550
0.00497
0.00450
0.00407
0.00369
0.00226
0.00139
0.00086
0.00053
0.00033
0.00020
0.00013
0.00008

1.0000
2.1000
3.3100
4.6410
6.1051
7.7156
9.4872
11.436
13.579
15.937
18.531
21.384
24.523
27.975
31.772
35.950
40.545
45.599
51.159
57.275
64.002
71.403
79.543
88.497
98.347
109.18
121.10
134.21
148.63
164.49
181.94
201.14
222.25
245.48
271.02
442.59
718.90
1163.9
1880.6
3034.8
4893.7
7887.5
12 709.0

1.1000
0.57619
0.40211
0.31547
0.26380
0.22961
0.20541
0.18744
0.17364
0.16275
0.15396
0.14676
0.14078
0.13575
0.13147
0.12782
0.12466
0.12193
0.11955
0.11746
0.11562
0.11401
0.11257
0.11130
0.11017
0.10916
0.10826
0.10745
0.10673
0.10608
0.10550
0.10497
0.10450
0.10407
0.10369
0.10226
0.10139
0.10086
0.10053
0.10033
0.10020
0.10013
0.10008

0.90909
1.7355
2.4869
3.1699
3.7908
4.3553
4.8684
5.3349
5.7590
6.1446
6.4951
6.8137
7.1034
7.3667
7.6061
7.8237
8.0216
8.2014
8.3649
8.5136
8.6487
8.7715
8.8832
8.9847
9.0770
9.1609
9.2372
9.3066
9.3696
9.4269
9.4790
9.5264
9.5694
9.6086
9.6442
9.7791
9.8628
9.9148
9.9471
9.9672
9.9796
9.9873
9.9921

0.00000
0.47619
0.93656
1.3812
1.8101
2.2236
2.6216
3.0045
3.3724
3.7255
4.0641
4.3884
4.6988
4.9955
5.2789
5.5493
5.8071
6.0526
6.2861
6.5081
6.7189
6.9189
7.1085
7.2881
7.4580
7.6186
7.7704
7.9137
8.0489
8.1762
8.2962
8.4091
8.5152
8.6149
8.7086
9.0962
9.3740
9.5704
9.7075
9.8023
9.8672
9.9113
9.9410

14_fraser_appA.qxd

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4:29 PM

Page 508

APPENDIX A

i
11%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55

1.1100
1.2321
1.3676
1.5181
1.6851
1.8704
2.0762
2.3045
2.5580
2.8394
3.1518
3.4985
3.8833
4.3104
4.7846
5.3109
5.8951
6.5436
7.2633
8.0623
8.949
9.934
11.026
12.239
13.585
15.080
16.739
18.580
20.624
22.892
25.410
28.206
31.308
34.752
38.575
65.001
109.53
184.56
311.00

0.90090
0.81162
0.73119
0.65873
0.59345
0.53464
0.48166
0.43393
0.39092
0.35218
0.31728
0.28584
0.25751
0.23199
0.20900
0.18829
0.16963
0.15282
0.13768
0.12403
0.11174
0.10067
0.09069
0.08170
0.07361
0.06631
0.05974
0.05382
0.04849
0.04368
0.03935
0.03545
0.03194
0.02878
0.02592
0.01538
0.00913
0.00542
0.00322

1.0000
0.47393
0.29921
0.21233
0.16057
0.12638
0.10222
0.08432
0.07060
0.05980
0.05112
0.04403
0.03815
0.03323
0.02907
0.02552
0.02247
0.01984
0.01756
0.01558
0.01384
0.01231
0.01097
0.00979
0.00874
0.00781
0.00699
0.00626
0.00561
0.00502
0.00451
0.00404
0.00363
0.00326
0.00293
0.00172
0.00101
0.00060
0.00035

1.0000
2.1100
3.3421
4.7097
6.2278
7.9129
9.783
11.859
14.164
16.722
19.561
22.713
26.212
30.095
34.405
39.190
44.501
50.396
56.939
64.203
72.265
81.214
91.15
102.17
114.41
128.00
143.08
159.82
178.40
199.02
221.91
247.32
275.53
306.84
341.59
581.83
986.6
1668.8
2818.2

1.1100
0.58393
0.40921
0.32233
0.27057
0.23638
0.21222
0.19432
0.18060
0.16980
0.16112
0.15403
0.14815
0.14323
0.13907
0.13552
0.13247
0.12984
0.12756
0.12558
0.12384
0.12231
0.12097
0.11979
0.11874
0.11781
0.11699
0.11626
0.11561
0.11502
0.11451
0.11404
0.11363
0.11326
0.11293
0.11172
0.11101
0.11060
0.11035

0.90090
1.7125
2.4437
3.1024
3.6959
4.2305
4.7122
5.1461
5.5370
5.8892
6.2065
6.4924
6.7499
6.9819
7.1909
7.3792
7.5488
7.7016
7.8393
7.9633
8.0751
8.1757
8.2664
8.3481
8.4217
8.4881
8.5478
8.6016
8.6501
8.6938
8.7331
8.7686
8.8005
8.8293
8.8552
8.9511
9.0079
9.0417
9.0617

0.00000
0.47393
0.93055
1.3700
1.7923
2.1976
2.5863
2.9585
3.3144
3.6544
3.9788
4.2879
4.5822
4.8619
5.1275
5.3794
5.6180
5.8439
6.0574
6.2590
6.4491
6.6283
6.7969
6.9555
7.1045
7.2443
7.3754
7.4982
7.6131
7.7206
7.8210
7.9147
8.0021
8.0836
8.1594
8.4659
8.6763
8.8185
8.9135

14_fraser_appA.qxd

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4:29 PM

Page 509

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
12%

509

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55

1.1200
1.2544
1.4049
1.5735
1.7623
1.9738
2.2107
2.4760
2.7731
3.1058
3.4785
3.8960
4.3635
4.8871
5.4736
6.1304
6.8660
7.6900
8.6128
9.6463
10.804
12.100
13.552
15.179
17.000
19.040
21.325
23.884
26.750
29.960
33.555
37.582
42.092
47.143
52.800
93.051
163.99
289.00
509.32

0.89286
0.79719
0.71178
0.63552
0.56743
0.50663
0.45235
0.40388
0.36061
0.32197
0.28748
0.25668
0.22917
0.20462
0.18270
0.16312
0.14564
0.13004
0.11611
0.10367
0.09256
0.08264
0.07379
0.06588
0.05882
0.05252
0.04689
0.04187
0.03738
0.03338
0.02980
0.02661
0.02376
0.02121
0.01894
0.01075
0.00610
0.00346
0.00196

1.0000
0.47170
0.29635
0.20923
0.15741
0.12323
0.09912
0.08130
0.06768
0.05698
0.04842
0.04144
0.03568
0.03087
0.02682
0.02339
0.02046
0.01794
0.01576
0.01388
0.01224
0.01081
0.00956
0.00846
0.00750
0.00665
0.00590
0.00524
0.00466
0.00414
0.00369
0.00328
0.00292
0.00260
0.00232
0.00130
0.00074
0.00042
0.00024

1.0000
2.1200
3.3744
4.7793
6.3528
8.1152
10.089
12.300
14.776
17.549
20.655
24.133
28.029
32.393
37.280
42.753
48.884
55.750
63.440
72.052
81.699
92.503
104.60
118.16
133.33
150.33
169.37
190.70
214.58
241.33
271.29
304.85
342.43
384.52
431.66
767.09
1358.2
2400.0
4236.0

1.1200
0.59170
0.41635
0.32923
0.27741
0.24323
0.21912
0.20130
0.18768
0.17698
0.16842
0.16144
0.15568
0.15087
0.14682
0.14339
0.14046
0.13794
0.13576
0.13388
0.13224
0.13081
0.12956
0.12846
0.12750
0.12665
0.12590
0.12524
0.12466
0.12414
0.12369
0.12328
0.12292
0.12260
0.12232
0.12130
0.12074
0.12042
0.12024

0.89286
1.6901
2.4018
3.0373
3.6048
4.1114
4.5638
4.9676
5.3282
5.6502
5.9377
6.1944
6.4235
6.6282
6.8109
6.9740
7.1196
7.2497
7.3658
7.4694
7.5620
7.6446
7.7184
7.7843
7.8431
7.8957
7.9426
7.9844
8.0218
8.0552
8.0850
8.1116
8.1354
8.1566
8.1755
8.2438
8.2825
8.3045
8.3170

0.00000
0.47170
0.92461
1.3589
1.7746
2.1720
2.5515
2.9131
3.2574
3.5847
3.8953
4.1897
4.4683
4.7317
4.9803
5.2147
5.4353
5.6427
5.8375
6.0202
6.1913
6.3514
6.5010
6.6406
6.7708
6.8921
7.0049
7.1098
7.2071
7.2974
7.3811
7.4586
7.5302
7.5965
7.6577
7.8988
8.0572
8.1597
8.2251

14_fraser_appA.qxd

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02/18/2005

4:29 PM

Page 510

APPENDIX A

i
13%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55

1.1300
1.2769
1.4429
1.6305
1.8424
2.0820
2.3526
2.6584
3.0040
3.3946
3.8359
4.3345
4.8980
5.5348
6.2543
7.0673
7.9861
9.0243
10.197
11.523
13.021
14.714
16.627
18.788
21.231
23.991
27.109
30.633
34.616
39.116
44.201
49.947
56.440
63.777
72.069
132.78
244.64
450.74
830.45

0.88496
0.78315
0.69305
0.61332
0.54276
0.48032
0.42506
0.37616
0.33288
0.29459
0.26070
0.23071
0.20416
0.18068
0.15989
0.14150
0.12522
0.11081
0.09806
0.08678
0.07680
0.06796
0.06014
0.05323
0.04710
0.04168
0.03689
0.03264
0.02889
0.02557
0.02262
0.02002
0.01772
0.01568
0.01388
0.00753
0.00409
0.00222
0.00120

1.0000
0.46948
0.29352
0.20619
0.15431
0.12015
0.09611
0.07839
0.06487
0.05429
0.04584
0.03899
0.03335
0.02867
0.02474
0.02143
0.01861
0.01620
0.01413
0.01235
0.01081
0.00948
0.00832
0.00731
0.00643
0.00565
0.00498
0.00439
0.00387
0.00341
0.00301
0.00266
0.00234
0.00207
0.00183
0.00099
0.00053
0.00029
0.00016

1.0000
2.1300
3.4069
4.8498
6.4803
8.3227
10.405
12.757
15.416
18.420
21.814
25.650
29.985
34.883
40.417
46.672
53.739
61.725
70.749
80.947
92.470
105.49
120.20
136.83
155.62
176.85
200.84
227.95
258.58
293.20
332.32
376.52
426.46
482.90
546.68
1013.7
1874.2
3459.5
6380.4

1.1300
0.59948
0.42352
0.33619
0.28431
0.25015
0.22611
0.20839
0.19487
0.18429
0.17584
0.16899
0.16335
0.15867
0.15474
0.15143
0.14861
0.14620
0.14413
0.14235
0.14081
0.13948
0.13832
0.13731
0.13643
0.13565
0.13498
0.13439
0.13387
0.13341
0.13301
0.13266
0.13234
0.13207
0.13183
0.13099
0.13053
0.13029
0.13016

0.88496
1.6681
2.3612
2.9745
3.5172
3.9975
4.4226
4.7988
5.1317
5.4262
5.6869
5.9176
6.1218
6.3025
6.4624
6.6039
6.7291
6.8399
6.9380
7.0248
7.1016
7.1695
7.2297
7.2829
7.3300
7.3717
7.4086
7.4412
7.4701
7.4957
7.5183
7.5383
7.5560
7.5717
7.5856
7.6344
7.6609
7.6752
7.6830

0.00000
0.46948
0.91872
1.3479
1.7571
2.1468
2.5171
2.8685
3.2014
3.5162
3.8134
4.0936
4.3573
4.6050
4.8375
5.0552
5.2589
5.4491
5.6265
5.7917
5.9454
6.0881
6.2205
6.3431
6.4566
6.5614
6.6582
6.7474
6.8296
6.9052
6.9747
7.0385
7.0971
7.1507
7.1998
7.3888
7.5076
7.5811
7.6260

14_fraser_appA.qxd

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Page 511

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
14%

511

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55

1.1400
1.2996
1.4815
1.6890
1.9254
2.1950
2.5023
2.8526
3.2519
3.7072
4.2262
4.8179
5.4924
6.2613
7.1379
8.1372
9.2765
10.575
12.056
13.743
15.668
17.861
20.362
23.212
26.462
30.167
34.390
39.204
44.693
50.950
58.083
66.215
75.485
86.053
98.100
188.88
363.68
700.23
1348.2

0.87719
0.76947
0.67497
0.59208
0.51937
0.45559
0.39964
0.35056
0.30751
0.26974
0.23662
0.20756
0.18207
0.15971
0.14010
0.12289
0.10780
0.09456
0.08295
0.07276
0.06383
0.05599
0.04911
0.04308
0.03779
0.03315
0.02908
0.02551
0.02237
0.01963
0.01722
0.01510
0.01325
0.01162
0.01019
0.00529
0.00275
0.00143
0.00074

1.0000
0.46729
0.29073
0.20320
0.15128
0.11716
0.09319
0.07557
0.06217
0.05171
0.04339
0.03667
0.03116
0.02661
0.02281
0.01962
0.01692
0.01462
0.01266
0.01099
0.00954
0.00830
0.00723
0.00630
0.00550
0.00480
0.00419
0.00366
0.00320
0.00280
0.00245
0.00215
0.00188
0.00165
0.00144
0.00075
0.00039
0.00020
0.00010

1.0000
2.1400
3.4396
4.9211
6.6101
8.5355
10.730
13.233
16.085
19.337
23.045
27.271
32.089
37.581
43.842
50.980
59.118
68.394
78.969
91.025
104.77
120.44
138.30
158.66
181.87
208.33
238.50
272.89
312.09
356.79
407.74
465.82
532.04
607.52
693.57
1342.0
2590.6
4994.5
9623.1

1.1400
0.60729
0.43073
0.34320
0.29128
0.25716
0.23319
0.21557
0.20217
0.19171
0.18339
0.17667
0.17116
0.16661
0.16281
0.15962
0.15692
0.15462
0.15266
0.15099
0.14954
0.14830
0.14723
0.14630
0.14550
0.14480
0.14419
0.14366
0.14320
0.14280
0.14245
0.14215
0.14188
0.14165
0.14144
0.14075
0.14039
0.14020
0.14010

0.87719
1.6467
2.3216
2.9137
3.4331
3.8887
4.2883
4.6389
4.9464
5.2161
5.4527
5.6603
5.8424
6.0021
6.1422
6.2651
6.3729
6.4674
6.5504
6.6231
6.6870
6.7429
6.7921
6.8351
6.8729
6.9061
6.9352
6.9607
6.9830
7.0027
7.0199
7.0350
7.0482
7.0599
7.0700
7.1050
7.1232
7.1327
7.1376

0.00000
0.46729
0.91290
1.3370
1.7399
2.1218
2.4832
2.8246
3.1463
3.4490
3.7333
3.9998
4.2491
4.4819
4.6990
4.9011
5.0888
5.2630
5.4243
5.5734
5.7111
5.8381
5.9549
6.0624
6.1610
6.2514
6.3342
6.4100
6.4791
6.5423
6.5998
6.6522
6.6998
6.7431
6.7824
6.9300
7.0188
7.0714
7.1020

14_fraser_appA.qxd

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Page 512

APPENDIX A

i
15%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
40
45
50
55

1.1500
1.3225
1.5209
1.7490
2.0114
2.3131
2.6600
3.0590
3.5179
4.0456
4.6524
5.3503
6.1528
7.0757
8.1371
9.3576
10.761
12.375
14.232
16.367
18.822
21.645
24.891
28.625
32.919
37.857
43.535
50.066
57.575
66.212
76.144
87.565
100.70
115.80
133.18
267.86
538.77
1083.7
2179.6

0.86957
0.75614
0.65752
0.57175
0.49718
0.43233
0.37594
0.32690
0.28426
0.24718
0.21494
0.18691
0.16253
0.14133
0.12289
0.10686
0.09293
0.08081
0.07027
0.06110
0.05313
0.04620
0.04017
0.03493
0.03038
0.02642
0.02297
0.01997
0.01737
0.01510
0.01313
0.01142
0.00993
0.00864
0.00751
0.00373
0.00186
0.00092
0.00046

1.0000
0.46512
0.28798
0.20027
0.14832
0.11424
0.09036
0.07285
0.05957
0.04925
0.04107
0.03448
0.02911
0.02469
0.02102
0.01795
0.01537
0.01319
0.01134
0.00976
0.00842
0.00727
0.00628
0.00543
0.00470
0.00407
0.00353
0.00306
0.00265
0.00230
0.00200
0.00173
0.00150
0.00131
0.00113
0.00056
0.00028
0.00014
0.00007

1.0000
2.1500
3.4725
4.9934
6.7424
8.7537
11.067
13.727
16.786
20.304
24.349
29.002
34.352
40.505
47.580
55.717
65.075
75.836
88.212
102.44
118.81
137.63
159.28
184.17
212.79
245.71
283.57
327.10
377.17
434.75
500.96
577.10
664.67
765.37
881.17
1779.1
3585.1
7217.7
14 524.0

1.1500
0.61512
0.43798
0.35027
0.29832
0.26424
0.24036
0.22285
0.20957
0.19925
0.19107
0.18448
0.17911
0.17469
0.17102
0.16795
0.16537
0.16319
0.16134
0.15976
0.15842
0.15727
0.15628
0.15543
0.15470
0.15407
0.15353
0.15306
0.15265
0.15230
0.15200
0.15173
0.15150
0.15131
0.15113
0.15056
0.15028
0.15014
0.15007

0.86957
1.6257
2.2832
2.8550
3.3522
3.7845
4.1604
4.4873
4.7716
5.0188
5.2337
5.4206
5.5831
5.7245
5.8474
5.9542
6.0472
6.1280
6.1982
6.2593
6.3125
6.3587
6.3988
6.4338
6.4641
6.4906
6.5135
6.5335
6.5509
6.5660
6.5791
6.5905
6.6005
6.6091
6.6166
6.6418
6.6543
6.6605
6.6636

0.00000
0.46512
0.90713
1.3263
1.7228
2.0972
2.4498
2.7813
3.0922
3.3832
3.6549
3.9082
4.1438
4.3624
4.5650
4.7522
4.9251
5.0843
5.2307
5.3651
5.4883
5.6010
5.7040
5.7979
5.8834
5.9612
6.0319
6.0960
6.1541
6.2066
6.2541
6.2970
6.3357
6.3705
6.4019
6.5168
6.5830
6.6205
6.6414

14_fraser_appA.qxd

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4:29 PM

Page 513

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
20%

513

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

1.2000
1.4400
1.7280
2.0736
2.4883
2.9860
3.5832
4.2998
5.1598
6.1917
7.4301
8.9161
10.699
12.839
15.407
18.488
22.186
26.623
31.948
38.338
46.005
55.206
66.247
79.497
95.396
114.48
137.37
164.84
197.81
237.38
284.85
341.82
410.19
492.22
590.67

0.83333
0.69444
0.57870
0.48225
0.40188
0.33490
0.27908
0.23257
0.19381
0.16151
0.13459
0.11216
0.09346
0.07789
0.06491
0.05409
0.04507
0.03756
0.03130
0.02608
0.02174
0.01811
0.01509
0.01258
0.01048
0.00874
0.00728
0.00607
0.00506
0.00421
0.00351
0.00293
0.00244
0.00203
0.00169

1.0000
0.45455
0.27473
0.18629
0.13438
0.10071
0.07742
0.06061
0.04808
0.03852
0.03110
0.02526
0.02062
0.01689
0.01388
0.01144
0.00944
0.00781
0.00646
0.00536
0.00444
0.00369
0.00307
0.00255
0.00212
0.00176
0.00147
0.00122
0.00102
0.00085
0.00070
0.00059
0.00049
0.00041
0.00034

1.0000
2.2000
3.6400
5.3680
7.4416
9.9299
12.916
16.499
20.799
25.959
32.150
39.581
48.497
59.196
72.035
87.442
105.93
128.12
154.74
186.69
225.03
271.03
326.24
392.48
471.98
567.38
681.85
819.22
984.07
1181.9
1419.3
1704.1
2045.9
2456.1
2948.3

1.2000
0.65455
0.47473
0.38629
0.33438
0.30071
0.27742
0.26061
0.24808
0.23852
0.23110
0.22526
0.22062
0.21689
0.21388
0.21144
0.20944
0.20781
0.20646
0.20536
0.20444
0.20369
0.20307
0.20255
0.20212
0.20176
0.20147
0.20122
0.20102
0.20085
0.20070
0.20059
0.20049
0.20041
0.20034

0.83333
1.5278
2.1065
2.5887
2.9906
3.3255
3.6046
3.8372
4.0310
4.1925
4.3271
4.4392
4.5327
4.6106
4.6755
4.7296
4.7746
4.8122
4.8435
4.8696
4.8913
4.9094
4.9245
4.9371
4.9476
4.9563
4.9636
4.9697
4.9747
4.9789
4.9824
4.9854
4.9878
4.9898
4.9915

0.00000
0.45455
0.87912
1.2742
1.6405
1.9788
2.2902
2.5756
2.8364
3.0739
3.2893
3.4841
3.6597
3.8175
3.9588
4.0851
4.1976
4.2975
4.3861
4.4643
4.5334
4.5941
4.6475
4.6943
4.7352
4.7709
4.8020
4.8291
4.8527
4.8731
4.8908
4.9061
4.9194
4.9308
4.9406

14_fraser_appA.qxd

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02/18/2005

4:29 PM

Page 514

APPENDIX A

i
25%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

1.2500
1.5625
1.9531
2.4414
3.0518
3.8147
4.7684
5.9605
7.4506
9.3132
11.642
14.552
18.190
22.737
28.422
35.527
44.409
55.511
69.389
86.736
108.42
135.53
169.41
211.76
264.70
330.87
413.59
516.99
646.23
807.79
1009.7
1262.2
1577.7
1972.2
2465.2

0.80000
0.64000
0.51200
0.40960
0.32768
0.26214
0.20972
0.16777
0.13422
0.10737
0.08590
0.06872
0.05498
0.04398
0.03518
0.02815
0.02252
0.01801
0.01441
0.01153
0.00922
0.00738
0.00590
0.00472
0.00378
0.00302
0.00242
0.00193
0.00155
0.00124
0.00099
0.00079
0.00063
0.00051
0.00041

1.0000
0.44444
0.26230
0.17344
0.12185
0.08882
0.06634
0.05040
0.03876
0.03007
0.02349
0.01845
0.01454
0.01150
0.00912
0.00724
0.00576
0.00459
0.00366
0.00292
0.00233
0.00186
0.00148
0.00119
0.00095
0.00076
0.00061
0.00048
0.00039
0.00031
0.00025
0.00020
0.00016
0.00013
0.00010

1.0000
2.2500
3.8125
5.7656
8.2070
11.259
15.073
19.842
25.802
33.253
42.566
54.208
68.760
86.949
109.69
138.11
173.64
218.04
273.56
342.94
429.68
538.10
673.63
843.03
1054.8
1319.5
1650.4
2064.0
2580.9
3227.2
4035.0
5044.7
6306.9
7884.6
9856.8

1.2500
0.69444
0.51230
0.42344
0.37185
0.33882
0.31634
0.30040
0.28876
0.28007
0.27349
0.26845
0.26454
0.26150
0.25912
0.25724
0.25576
0.25459
0.25366
0.25292
0.25233
0.25186
0.25148
0.25119
0.25095
0.25076
0.25061
0.25048
0.25039
0.25031
0.25025
0.25020
0.25016
0.25013
0.25010

0.80000
1.4400
1.9520
2.3616
2.6893
2.9514
3.1611
3.3289
3.4631
3.5705
3.6564
3.7251
3.7801
3.8241
3.8593
3.8874
3.9099
3.9279
3.9424
3.9539
3.9631
3.9705
3.9764
3.9811
3.9849
3.9879
3.9903
3.9923
3.9938
3.9950
3.9960
3.9968
3.9975
3.9980
3.9984

0.00000
0.44444
0.85246
1.2249
1.5631
1.8683
2.1424
2.3872
2.6048
2.7971
2.9663
3.1145
3.2437
3.3559
3.4530
3.5366
3.6084
3.6698
3.7222
3.7667
3.8045
3.8365
3.8634
3.8861
3.9052
3.9212
3.9346
3.9457
3.9551
3.9628
3.9693
3.9746
3.9791
3.9828
3.9858

14_fraser_appA.qxd

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4:29 PM

Page 515

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
30%

515

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

1.3000
1.6900
2.1970
2.8561
3.7129
4.8268
6.2749
8.1573
10.604
13.786
17.922
23.298
30.288
39.374
51.186
66.542
86.504
112.46
146.19
190.05
247.06
321.18
417.54
542.80
705.64
917.33
1192.5
1550.3
2015.4
2620.0
3406.0
4427.8
5756.1
7483.0
9727.9

0.76923
0.59172
0.45517
0.35013
0.26933
0.20718
0.15937
0.12259
0.09430
0.07254
0.05580
0.04292
0.03302
0.02540
0.01954
0.01503
0.01156
0.00889
0.00684
0.00526
0.00405
0.00311
0.00239
0.00184
0.00142
0.00109
0.00084
0.00065
0.00050
0.00038
0.00029
0.00023
0.00017
0.00013
0.00010

1.0000
0.43478
0.25063
0.16163
0.11058
0.07839
0.05687
0.04192
0.03124
0.02346
0.01773
0.01345
0.01024
0.00782
0.00598
0.00458
0.00351
0.00269
0.00207
0.00159
0.00122
0.00094
0.00072
0.00055
0.00043
0.00033
0.00025
0.00019
0.00015
0.00011
0.00009
0.00007
0.00005
0.00004
0.00003

1.0000
2.3000
3.9900
6.1870
9.0431
12.756
17.583
23.858
32.015
42.619
56.405
74.327
97.625
127.91
167.29
218.47
285.01
371.52
483.97
630.17
820.22
1067.3
1388.5
1806.0
2348.8
3054.4
3971.8
5164.3
6714.6
8730.0
11 350.0
14 756.0
19 184.0
24 940.0
32 423.0

1.3000
0.73478
0.55063
0.46163
0.41058
0.37839
0.35687
0.34192
0.33124
0.32346
0.31773
0.31345
0.31024
0.30782
0.30598
0.30458
0.30351
0.30269
0.30207
0.30159
0.30122
0.30094
0.30072
0.30055
0.30043
0.30033
0.30025
0.30019
0.30015
0.30011
0.30009
0.30007
0.30005
0.30004
0.30003

0.76923
1.3609
1.8161
2.1662
2.4356
2.6427
2.8021
2.9247
3.0190
3.0915
3.1473
3.1903
3.2233
3.2487
3.2682
3.2832
3.2948
3.3037
3.3105
3.3158
3.3198
3.3230
3.3254
3.3272
3.3286
3.3297
3.3305
3.3312
3.3317
3.3321
3.3324
3.3326
3.3328
3.3329
3.3330

0.00000
0.43478
0.82707
1.1783
1.4903
1.7654
2.0063
2.2156
2.3963
2.5512
2.6833
2.7952
2.8895
2.9685
3.0344
3.0892
3.1345
3.1718
3.2025
3.2275
3.2480
3.2646
3.2781
3.2890
3.2979
3.3050
3.3107
3.3153
3.3189
3.3219
3.3242
3.3261
3.3276
3.3288
3.3297

14_fraser_appA.qxd

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Page 516

APPENDIX A

i
40%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

0.71429
0.51020
0.36443
0.26031
0.18593
0.13281
0.09486
0.06776
0.04840
0.03457
0.02469
0.01764
0.01260
0.00900
0.00643
0.00459
0.00328
0.00234
0.00167
0.00120
0.00085
0.00061
0.00044
0.00031
0.00022
0.00016
0.00011
0.00008
0.00006
0.00004
0.00003
0.00002
0.00002
0.00001
0.00001

1.0000
0.41667
0.22936
0.14077
0.09136
0.06126
0.04192
0.02907
0.02034
0.01432
0.01013
0.00718
0.00510
0.00363
0.00259
0.00185
0.00132
0.00094
0.00067
0.00048
0.00034
0.00024
0.00017
0.00012
0.00009
0.00006
0.00005
0.00003
0.00002
0.00002
0.00001
0.00001
0.00001
0.00000
0.00000

1.0000
2.4000
4.3600
7.1040
10.946
16.324
23.853
34.395
49.153
69.814
98.739
139.23
195.93
275.30
386.42
541.99
759.78
1064.70
1491.58
2089.21
2925.89
4097.24
5737.14
8033.00
11 247.0
15 747.0
22 047.0
30 867.0
43 214.0
60 501.0
84 703.0
118 585.0
166 019.0
232 428.0
325 400.0

1.4000
0.81667
0.62936
0.54077
0.49136
0.46126
0.44192
0.42907
0.42034
0.41432
0.41013
0.40718
0.40510
0.40363
0.40259
0.40185
0.40132
0.40094
0.40067
0.40048
0.40034
0.40024
0.40017
0.40012
0.40009
0.40006
0.40005
0.40003
0.40002
0.40002
0.40001
0.40001
0.40001
0.40000
0.40000

0.71429
1.2245
1.5889
1.8492
2.0352
2.1680
2.2628
2.3306
2.3790
2.4136
2.4383
2.4559
2.4685
2.4775
2.4839
2.4885
2.4918
2.4941
2.4958
2.4970
2.4979
2.4985
2.4989
2.4992
2.4994
2.4996
2.4997
2.4998
2.4999
2.4999
2.4999
2.4999
2.5000
2.5000
2.5000

0.00000
0.41667
0.77982
1.0923
1.3580
1.5811
1.7664
1.9185
2.0422
2.1419
2.2215
2.2845
2.3341
2.3729
2.4030
2.4262
2.4441
2.4577
2.4682
2.4761
2.4821
2.4866
2.4900
2.4925
2.4944
2.4959
2.4969
2.4977
2.4983
2.4988
2.4991
2.4993
2.4995
2.4996
2.4997

1
1.4000
2
1.9600
3
2.7440
4
3.8416
5
5.3782
6
7.5295
7
10.541
8
14.758
9
20.661
10
28.925
11
40.496
12
56.694
13
79.371
14
111.12
15
155.57
16
217.80
17
304.91
18
426.88
19
597.63
20
836.68
21
1171.36
22
1639.90
23
2295.86
24
3214.20
25
4499.88
26
6299.83
27
8819.76
28 12 348.0
29 17 287.0
30 24 201.0
31 33 882.0
32 47 435.0
33 66 409.0
34 92 972.0
35 130 161.0

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Page 517

Compound Interest Factors for Discrete Compounding, Discrete Cash Flows

i
50%

Discrete Compounding, Discrete Cash Flows

SINGLE PAYMENT

517

UNIFORM SERIES

Compound
Amount
Factor

Present
Worth
Factor

Sinking
Fund
Factor

Uniform
Series
Factor

Capital
Recovery
Factor

Series
Present
Worth Factor

Arithmetic
Gradient
Series
Factor

(F/P,i,N)

(P/F,i,N)

(A/F,i,N)

(F/A,i,N)

(A/P,i,N)

(P/A,i,N)

(A/G,i,N)

0.66667
0.44444
0.29630
0.19753
0.13169
0.08779
0.05853
0.03902
0.02601
0.01734
0.01156
0.00771
0.00514
0.00343
0.00228
0.00152
0.00101
0.00068
0.00045
0.00030
0.00020
0.00013
0.00009
0.00006
0.00004
0.00003
0.00002
0.00001
0.00001
0.00001
0.00000
0.00000
0.00000
0.00000
0.00000

1.0000
0.40000
0.21053
0.12308
0.07583
0.04812
0.03108
0.02030
0.01335
0.00882
0.00585
0.00388
0.00258
0.00172
0.00114
0.00076
0.00051
0.00034
0.00023
0.00015
0.00010
0.00007
0.00004
0.00003
0.00002
0.00001
0.00001
0.00001
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000

1.0000
2.5000
4.7500
8.1250
13.1875
20.781
32.172
49.258
74.887
113.330
170.995
257.493
387.239
581.86
873.79
1311.68
1968.52
2953.78
4431.68
6648.51
9973.77
14 962.0
22 443.0
33 666.0
50 500.0
75 752.0
113 628.0
170 443.0
255 666.0
383 500.0
575 251.0
862 878.0
1 294 318.0
1 941 477.0
2 912 217.0

1.5000
0.90000
0.71053
0.62308
0.57583
0.54812
0.53108
0.52030
0.51335
0.50882
0.50585
0.50388
0.50258
0.50172
0.50114
0.50076
0.50051
0.50034
0.50023
0.50015
0.50010
0.50007
0.50004
0.50003
0.50002
0.50001
0.50001
0.50001
0.50000
0.50000
0.50000
0.50000
0.50000
0.50000
0.50000

0.66667
1.1111
1.4074
1.6049
1.7366
1.8244
1.8829
1.9220
1.9480
1.9653
1.9769
1.9846
1.9897
1.9931
1.9954
1.9970
1.9980
1.9986
1.9991
1.9994
1.9996
1.9997
1.9998
1.9999
1.9999
1.9999
2.0000
2.0000
2.0000
2.0000
2.0000
2.0000
2.0000
2.0000
2.0000

0.00000
0.40000
0.73684
1.0154
1.2417
1.4226
1.5648
1.6752
1.7596
1.8235
1.8713
1.9068
1.9329
1.9519
1.9657
1.9756
1.9827
1.9878
1.9914
1.9940
1.9958
1.9971
1.9980
1.9986
1.9990
1.9993
1.9995
1.9997
1.9998
1.9998
1.9999
1.9999
1.9999
2.0000
2.0000

1
1.5000
2
2.2500
3
3.3750
4
5.0625
5
7.5938
6
11.3906
7
17.0859
8
25.6289
9
38.443
10
57.665
11
86.498
12
129.746
13
194.620
14
291.929
15
437.894
16
656.841
17
985.261
18
1477.89
19
2216.84
20
3325.26
21
4987.89
22
7481.83
23
11 223.0
24
16 834.0
25
25 251.0
26
37 877.0
27
56 815.0
28
85 223.0
29
127 834.0
30
191 751.0
31
287 627.0
32
431 440.0
33
647 160.0
34
970 740.0
35 1 456 110.0

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Page 518