Financial Tools

Unprotected sheet so you can make your own charts and th
Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved
n charts and the like.
The colors on the TVM Calculators sheet should look like t
If they don't then you're either using Excel 2003, or you ne
ould look like this.
2003, or you need to update your Excel 2007 to Service Pack 3.
Simple IRR Calculator for D

Overall Rate of Return on an Unequ
360 Period Window Max

At Least One Period's Cash Flow Must Be Very Mu
Input Cash Flows
Dates
Alternate
Period Names
Dollar Amounts
< Period #1
< Period #2
< Period #3
< Period #4
< Period #5
< Period #6
< Period #7
< Period #8
< Period #9
< Period #10
< Period #11
< Period #12
< Period #13
< Period #14
< Period #15
< Period #16
< Period #17
< Period #18
< Period #19
< Period #20
< Period #21
< Period #22
< Period #23
< Period #24
< Period #25
< Period #26
< Period #27
< Period #28
< Period #29
< Period #30
< Period #31
< Period #32
< Period #33

< Period #34
< Period #35
< Period #36
< Period #37
< Period #38
< Period #39
< Period #40
< Period #41
< Period #42
< Period #43
< Period #44
< Period #45
< Period #46
< Period #47
< Period #48
< Period #49
< Period #50
< Period #51
< Period #52
< Period #53
< Period #54
< Period #55
< Period #56
< Period #57
< Period #58
< Period #59
< Period #60
< Period #61
< Period #62
< Period #63
< Period #64
< Period #65
< Period #66
< Period #67
< Period #68
< Period #69
< Period #70
< Period #71
< Period #72
< Period #73
< Period #74
< Period #75
< Period #76

< Period #77
< Period #78
< Period #79
< Period #80
< Period #81
< Period #82
< Period #83
< Period #84
< Period #85
< Period #86
< Period #87
< Period #88
< Period #89
< Period #90
< Period #91
< Period #92
< Period #93
< Period #94
< Period #95
< Period #96
< Period #97
< Period #98
< Period #99
< Period #100
< Period #101
< Period #102
< Period #103
< Period #104
< Period #105
< Period #106
< Period #107
< Period #108
< Period #109
< Period #110
< Period #111
< Period #112
< Period #113
< Period #114
< Period #115
< Period #116
< Period #117
< Period #118
< Period #119

< Period #120
< Period #121
< Period #122
< Period #123
< Period #124
< Period #125
< Period #126
< Period #127
< Period #128
< Period #129
< Period #130
< Period #131
< Period #132
< Period #133
< Period #134
< Period #135
< Period #136
< Period #137
< Period #138
< Period #139
< Period #140
< Period #141
< Period #142
< Period #143
< Period #144
< Period #145
< Period #146
< Period #147
< Period #148
< Period #149
< Period #150
< Period #151
< Period #152
< Period #153
< Period #154
< Period #155
< Period #156
< Period #157
< Period #158
< Period #159
< Period #160
< Period #161
< Period #162

< Period #163
< Period #164
< Period #165
< Period #166
< Period #167
< Period #168
< Period #169
< Period #170
< Period #171
< Period #172
< Period #173
< Period #174
< Period #175
< Period #176
< Period #177
< Period #178
< Period #179
< Period #180
< Period #181
< Period #182
< Period #183
< Period #184
< Period #185
< Period #186
< Period #187
< Period #188
< Period #189
< Period #190
< Period #191
< Period #192
< Period #193
< Period #194
< Period #195
< Period #196
< Period #197
< Period #198
< Period #199
< Period #200
< Period #201
< Period #202
< Period #203
< Period #204
< Period #205

< Period #206
< Period #207
< Period #208
< Period #209
< Period #210
< Period #211
< Period #212
< Period #213
< Period #214
< Period #215
< Period #216
< Period #217
< Period #218
< Period #219
< Period #220
< Period #221
< Period #222
< Period #223
< Period #224
< Period #225
< Period #226
< Period #227
< Period #228
< Period #229
< Period #230
< Period #231
< Period #232
< Period #233
< Period #234
< Period #235
< Period #236
< Period #237
< Period #238
< Period #239
< Period #240
< Period #241
< Period #242
< Period #243
< Period #244
< Period #245
< Period #246
< Period #247
< Period #248

< Period #249
< Period #250
< Period #251
< Period #252
< Period #253
< Period #254
< Period #255
< Period #256
< Period #257
< Period #258
< Period #259
< Period #260
< Period #261
< Period #262
< Period #263
< Period #264
< Period #265
< Period #266
< Period #267
< Period #268
< Period #269
< Period #270
< Period #271
< Period #272
< Period #273
< Period #274
< Period #275
< Period #276
< Period #277
< Period #278
< Period #279
< Period #280
< Period #281
< Period #282
< Period #283
< Period #284
< Period #285
< Period #286
< Period #287
< Period #288
< Period #289
< Period #290
< Period #291

< Period #292
< Period #293
< Period #294
< Period #295
< Period #296
< Period #297
< Period #298
< Period #299
< Period #300
< Period #301
< Period #302
< Period #303
< Period #304
< Period #305
< Period #306
< Period #307
< Period #308
< Period #309
< Period #310
< Period #311
< Period #312
< Period #313
< Period #314
< Period #315
< Period #316
< Period #317
< Period #318
< Period #319
< Period #320
< Period #321
< Period #322
< Period #323
< Period #324
< Period #325
< Period #326
< Period #327
< Period #328
< Period #329
< Period #330
< Period #331
< Period #332
< Period #333
< Period #334

< Period #335
< Period #336
< Period #337
< Period #338
< Period #339
< Period #340
< Period #341
< Period #342
< Period #343
< Period #344
< Period #345
< Period #346
< Period #347
< Period #348
< Period #349
< Period #350
< Period #351
< Period #352
< Period #353
< Period #354
< Period #355
< Period #356
< Period #357
< Period #358
< Period #359
< Period #360
Copyright 1997-2014 Toolsformoney.com, All Rights Reserved
RR Calculator for Determining the

Return on an Unequal Series of Cash Flows
360 Period Window Maximum

s Cash Flow Must Be Very Much Negative - Usually Period #1.
Expired!
< IRR Per Compounding Period
Expired!
Expired!
Expired!
Expired!
< The Results Above Times Twelve

< The Results Above Times Six
< The Results Above Times Four
< The Results Above Times Two
Excel isn't too bright sometimes, and needs you to guess at

what it will be. Plug in different rate of returns until you get an IRR number
you get an IRR number
Compound and Simple Interes

Year
Number
Year
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
36
37
38
39
40
41
2014
Expired!
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
########
Input Annual
Deposit Amounts
Cumulative
Deposits
Input Compound
Rate of Return
Below
$0
Expired!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Expired!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
42
43
44
45
46
47
48
49
50
########
########
########
########
########
########
########
########
########
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Simple Interest Calculator

Input Compound
Rate of Return
Below
Input Compound
Rate of Return
Below
Expired!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Expired!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Year-By-Year Rate
Input Compound
Of Return Manual
Rate of Return
Override for
Below
Column P
Expired!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Input Simple
Interest Rate
Below
Expired!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Gworh of Compound Interest and Sin
$1
$1
$1
$1
$1
$1
$0
$0
$0
$0
$1
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Expired!
2014
$0
Simple Interest
$1
$1
$1
$1
$1
$0
$0
$0
$0
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
Expired!
2014
$0
$0
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
pound Interest and Sinple Interest
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
#VAL
Compound Interest Rate Conve
For Determining the Rate Differences in Compoundin

< Input the base annually compounded interest rate.
Expired!
100.000
Expired!
< This is the one-period semi-annually compounded rate that would be equiva
Expired!
< This is the one-period monthly compounded rate that would be equivalent to
Expired!
< This is the one-period weekly compounded rate that would be equivalent to
Expired!
< This is the one-period daily compounded rate that would be equivalent to a
Expired!
< This is the semi-annually compounded rate that would be equivalent to a 0%
Expired!
< This is the quarterly compounded rate that would be equivalent to a 0% rate
Expired!
< This is the monthly compounded rate that would be equivalent to a 0% rate
Expired!
< This is the weekly compounded rate that would be equivalent to a 0% rate c
Expired!
< This is the daily compounded rate that would be equivalent to a 0% rate com
Expired!
Expired!
Expired!
Expired!
Expired!
Expired!
Expired!
Expired!
Expired!
100.000
< This is the annual rate that would be equivalent to a 0% rate compounded se
< This is the one-period quarterly compounded rate that would be equivalent t
< This is the annual rate that would be equivalent to a 0% rate compounded q
< This is the annual rate that would be equivalent to a 0% rate compounded m
< This is the annual rate that would be equivalent to a 0% rate compounded w
< This is the annual rate that would be equivalent to a 0% rate compounded d
rest Rate Converter
ferences in Compounding Periods
unded rate that would be equivalent to a 0% rate compounded annually.
d rate that would be equivalent to a 0% rate compounded annually.

rate that would be equivalent to a 0% rate compounded annually.
rate that would be equivalent to a 0% rate compounded annually.
e that would be equivalent to a 0% rate compounded annually.
hat would be equivalent to a 0% rate compounded annually.
would be equivalent to a 0% rate compounded annually.
ould be equivalent to a 0% rate compounded annually.
uld be equivalent to a 0% rate compounded annually.
d be equivalent to a 0% rate compounded annually.
ent to a 0% rate compounded semi-annually.
ent to a 0% rate compounded quarterly.
ent to a 0% rate compounded monthly.
ent to a 0% rate compounded weekly.
ent to a 0% rate compounded daily.
Family Ruining Monster Calculator

For Calculating the Long-Term Costs of Bad Behavior
<= Input the daily cost of tobacco products
<= Input the daily cost of alcohol
<= Input the daily cost of Keno
<= Input the daily cost of gambling
<= Input the daily cost of coffee / tea / soda / other caffeinated beverages
<= Input the daily cost of drugs (legal or not)
<= Input the daily cost of giving money away to others
<= Input the daily cost of other family ruining habits
<= Input the daily cost of the consequences of bad habits (e.g., increased health car
<= Input the average annual percentage rate on savings account that this money co
Total of All Bad Habits

Expired!
<= Total Average Daily Cost of the Family Ruining Monster Without Interest
#VALUE!
<= Total Average Weekly Cost of the Family Ruining Monster Without Interest
#VALUE!
<= Total Average Monthly Cost of the Family Ruining Monster Without Interest
#VALUE!
<= Total Average Annual Cost of the Family Ruining Monster Without Interest
#VALUE!
<= Total Average 5-Year Cost of the Family Ruining Monster Without Interest
#VALUE!
<= Total Average Ten-Year Cost of the Family Ruining Monster Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
<= Total Average Annual Cost of the Family Ruining Monster With Interest
#VALUE!
<= Total Average 5-Year Cost of the Family Ruining Monster With Interest
Copyright 1997 - 2014 Toolsformoney.com, All Rights
#VALUE!
<= Total Average Ten-Year Cost of the Family Ruining Monster With Interest
#VALUE!
#VALUE!
#VALUE!

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
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$0
#VALUE!
#VALUE!
$0
#VALUE!
#VALUE!
$0
#VALUE!
#VALUE!
$0
#VALUE!
#VALUE!
$0
#VALUE!
1
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$1
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
#VALUE!
$1
#VALUE!
Cumulative
#VALUE! Cost of the Family Ruining Monster Without Interes
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5 7 9 11 13
#VALUE!
#VALUE!
#VALUE!
#VALUE! Cost
Cumulative
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
15 17 19 21 23 25 27 29 31 33 35
of the Family Ruining Monster With Interest
$1
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
#VALUE!
#VALUE!
$1
#VALUE!
$0
#VALUE!
#VALUE!
$0
#VALUE!
#VALUE!
$0
#VALUE!
#VALUE!
$0
#VALUE!
$0
#VALUE!
#VALUE!1
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
7 9
#VALUE!
#VALUE!
#VALUE!
#VALUE!
11 13 15 17 19 21 23 25 27 29 31 33 35
Calculator
of Bad Behavior
einated beverages
its (e.g., increased health care)
s account that this money could have grown at if it wasn't wasted
Totals for Just T
nster Without Interest
$0.00
<= Tobacco: Daily Cost Without Interest
Monster Without Interest
$0.00
<= Tobacco: Weekly Cost Without Interest
$0
<= Tobacco: Monthly Cost Without Interest
$0
<= Tobacco: Annual Cost Without Interest
$0
<= Tobacco: 5-Year Cost Without Interest
g Monster Without Interest
$0
<= Tobacco: Ten-Year Cost Without Interest
$0
$0
$0
Monster With Interest
$0
<= Tobacco: Annual Cost With Interest
$0
<= Tobacco: 5-Year Cost With Interest
g Monster With Interest
$0
<= Tobacco: Ten-Year Cost With Interest
$0
$0
$0
nster Without Interest
35 37 39 41 43 45 47 49
ster With Interest
1
2
3$1
4
5$1
6
7$1
8
9$1
10
11$1
12
13$1
14
15$0
16
$0
17
18
$0
19
20
$0
21
22
$0
23
24
25
26
27
28$1
29
30$1
31
32$1
33
$1
34
35
$1
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
7
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0.00
Cumulative
$0.00 Cost of Tobacc
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
11 13 15 17 19
$0.00
$0.00
$0.00
$0.00
Cumulative
Cost
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
of Toba
$1
35 37 39 41 43 45 47 49
36
37$1
38
39$0
40
41$0
42
$0
43
44
$0
45
46$0
47
48
49
50
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$07
$0
$0
$0
11
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
13$0.00
15
$0.00
$0.00
$0.00
17 19
Totals for Just Tobacco
st Without Interest
Expired!
Cost Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
r Cost Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cost With Interest
#VALUE!
Cost With Interest
#VALUE!
r Cost With Interest
#VALUE!
Cost With Interest
#VALUE!
Cost With Interest
#VALUE!
Cost With Interest
#VALUE!
tive Cost of Tobacco Without Interest
19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49
ulative Cost of Tobacco With Interest
1
2
3 $1
4
5 $1
6
7 $1
8
9 $1
10
11 $1
12
13 $1
14
15 $0
16
17 $0
18
19 $0
20
$0
21
22
$0
23
24
25
26
27
28 $1
29
30 $1
31
32 $1
33
34 $1
35
$1
19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
$1
$1
$0
$0
$0
$0
$0
1
Totals for Just Alcohol

<= Alcohol: Daily Cost Without Interest
<= Alcohol: Weekly Cost Without Interest
<= Alcohol: Monthly Cost Without Interest
<= Alcohol: Annual Cost Without Interest
<= Alcohol: 5-Year Cost Without Interest
<= Alcohol: Ten-Year Cost Without Interest
<= Alcohol: Annual Cost With Interest

<= Alcohol: 5-Year Cost With Interest
<= Alcohol: Ten-Year Cost With Interest

#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5 7
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative
Cost of Alcohol Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
11 13 15 17 19 21 23 25 27 29 31 33 35
#VALUE!
#VALUE!
#VALUE!
#VALUE! Cost of Alcohol With Interest
Cumulative
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
37 39 41 43
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5 7
#VALUE!
#VALUE!
#VALUE!
9 11
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
13 15
#VALUE!
#VALUE!
#VALUE!
17 19 21 23 25 27 29 31 33 35 37 39 41 43
Totals for Just Keno

Expired!
<= Keno: Daily Cost Without Interest
#VALUE!
<= Keno: Weekly Cost Without Interest
#VALUE!
<= Keno: Monthly Cost Without Interest
#VALUE!
<= Keno: Annual Cost Without Interest
#VALUE!
<= Keno: 5-Year Cost Without Interest
#VALUE!
<= Keno: Ten-Year Cost Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
<= Keno: Annual Cost With Interest
#VALUE!
<= Keno: 5-Year Cost With Interest
43 45 47 49
#VALUE!
<= Keno: Ten-Year Cost With Interest
#VALUE!
#VALUE!
#VALUE!
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
$1
$1
$1
$1
$1
$0
$0
$0
$0
$0
1
$1
$1
$1
$1
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5 7
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE! Cost of Keno Without Interest
Cumulative
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
9 11 #VALUE!
13 15 17 19 21 23 25 27
#VALUE!
#VALUE!
#VALUE!
Cumulative
Cost of Keno With Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$1
43 45 47 49
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
$1
$1
$0
$0
$0
$0
$0
1
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5 7
#VALUE!
#VALUE!
#VALUE!
9 11
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
13 15
#VALUE!
#VALUE!
#VALUE!
17 19 21 23 25 27
or Just Keno
Totals fo
Expired!
<= Gambling: Daily Cost Without In
#VALUE!
<= Gambling: Weekly Cost Without
#VALUE!
<= Gambling: Monthly Cost Withou
#VALUE!
<= Gambling: Annual Cost Without
#VALUE!
<= Gambling: 5-Year Cost Without I
#VALUE!
<= Gambling: Ten-Year Cost Withou
#VALUE!
<= Gambling: 20-Year Cost Without
#VALUE!
#VALUE!
#VALUE!
<= Gambling: Annual Cost With Int
#VALUE!
<= Gambling: 5-Year Cost With Inte
#VALUE!
<= Gambling: Ten-Year Cost With I
#VALUE!
<= Gambling: 20-Year Cost With Int
#VALUE!
#VALUE!
Keno Without Interest

$1
$1
$1
$1
$1
$1
$0
$0
$0
$0
$0
27 29 31 33 35 37 39 41 43 45 47 49
of Keno With Interest

$1
$1
$1
$1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24 3
25
26
27
28
29
30
31
32
33
34
35
#VALUE!
#VALUE!
Cumulative Cost of G
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
9 11 13
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE! Cumulative Cost of
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$1
$1
$1
$0
$0
$0
$0
$0
27 29 31 33 35 37 39 41 43 45 47 49
36
37
38
39
40
41
42
43
44
45
46
47
1 48
49
50
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
9 11
#VALUE!
#VALUE!
#VALUE!
13
Totals for Just Gambling
ambling: Daily Cost Without Interest
ambling: Weekly Cost Without Interest
ambling: Monthly Cost Without Interest
ambling: Annual Cost Without Interest
ambling: 5-Year Cost Without Interest
ambling: Ten-Year Cost Without Interest
ambling: Annual Cost With Interest
ambling: 5-Year Cost With Interest
ambling: Ten-Year Cost With Interest
#VALUE!
#VALUE!
Cumulative
Cost of Gambling Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
13 15#VALUE!
17 19 21 23 25 27 29 31 33 35 37
#VALUE!
#VALUE!
#VALUE!
Cumulative
#VALUE!Cost of Gambling With Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
39 41 43 45 47 49
13
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
15#VALUE!
17 19
#VALUE!
#VALUE!
21 23 25 27 29 31 33 35 37 39 41 43 45 47 49
Totals for Just Caffeine / Soda

Expired!
<= Caffeine / Soda: Daily Cost Without Interest
#VALUE!
<= Caffeine / Soda: Weekly Cost Without Interest
#VALUE!
<= Caffeine / Soda: Monthly Cost Without Interest
#VALUE!
<= Caffeine / Soda: Annual Cost Without Interest
#VALUE!
<= Caffeine / Soda: 5-Year Cost Without Interest
#VALUE!
<= Caffeine / Soda: Ten-Year Cost Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
<= Caffeine / Soda: Annual Cost With Interest
#VALUE!
<= Caffeine / Soda: 5-Year Cost With Interest
#VALUE!
<= Caffeine / Soda: Ten-Year Cost With Interest
#VALUE!
#VALUE!
#VALUE!
<= Total Average 50-Year Cost With Interest
1
2
3
$1
4
5
$1
6
7
$1
8
9
$1
10
11
$1
12
13
$1
14
15
$0
16
17
$0
18
$0
19
20
$0
21
22
$0
23
24 1
25
26
27
28
29 $1
30
31 $1
32
$1
33
34
$1
35
#VALUE!
#VALUE!
#VALUE!
Cumulative#VALUE!
Cost of Caffeine / Soda Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5#VALUE!
7 9 11 13#VALUE!
15 17 19 21 23 25 27 29 31 33 35
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative
Cost of Caffeine / Soda With Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$1
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
$1
$1
$0
$0
$0
$0
$0
1
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5 7
#VALUE!
#VALUE!
9 11
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
13 15 17
#VALUE!
#VALUE!
19 21 23 25 27 29 31 33 35
oda
Totals for Just Drugs (legal

Expired!
<= Drugs: Daily Cost Without Interest
#VALUE!
<= Drugs: Weekly Cost Without Interest
#VALUE!
<= Drugs: Monthly Cost Without Interest
#VALUE!
<= Drugs: Annual Cost Without Interest
#VALUE!
<= Drugs: 5-Year Cost Without Interest
#VALUE!
<= Drugs: Ten-Year Cost Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
<= Drugs: Annual Cost With Interest
#VALUE!
<= Drugs: 5-Year Cost With Interest
thout Interest
35 37 39 41 43 45 47 49
With Interest
#VALUE!
<= Drugs: Ten-Year Cost With Interest
#VALUE!
#VALUE!
#VALUE!
1
2
$1 3
4
$1 5
6
$1 7
8
$1 9
10
$1 11
12
$1 13
14
$0 15
16
$0 17
18
$0 19
20
$0 21
22
$0
23
1
24
25
26
27
28
$129
30
$131
32
$133
34
$1
35
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative Cost
of Drugs (legal or not)
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
7 9 11 13 15 17 19 21
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative
Cost of Drugs (legal or no
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
36
37
$138
39
$040
41
$042
43
$044
45
$046
47
$0
48
1
49
50
$1
35 37 39 41 43 45 47 49
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
7 9 11
#VALUE!
#VALUE!
13
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
15 17
#VALUE!
#VALUE!
19 21
Totals for Just Drugs (legal or not)
Without Interest
Expired!
st Without Interest
#VALUE!
ost Without Interest
#VALUE!
st Without Interest
#VALUE!
t Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
st With Interest
#VALUE!
t With Interest
#VALUE!
Cost With Interest
#VALUE!
ost With Interest
#VALUE!
ost With Interest
#VALUE!
ost With Interest
#VALUE!
ost of Drugs (legal or not) Without Interest
21 23 25 27 29 31 33 35 37 39 41 43 45 47 49
e Cost of Drugs (legal or not) With Interest
1
2
3
$1
4
5
$1
6
7
$1
8
9
$1
10
$1 11
12
$1 13
14
$0 15
16
$0 17
18
$0 19
20
$0 21
22
$0 23
1 24
25
26
27
28
$1 29
30
$1 31
32
$1 33
34
$1 35
$1
36
$1 37
$1
$0
$0
$0
$0
19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49
$0
38
39
40
41
42
43
44
45
46
47
48
149
50
Totals for Just Giving to Others

<= Giving to Others: Daily Cost Without Interest
<= Giving to Others: Weekly Cost Without Interest
<= Giving to Others: Monthly Cost Without Interest
<= Giving to Others: Annual Cost Without Interest
<= Giving to Others: 5-Year Cost Without Interest
<= Giving to Others: Ten-Year Cost Without Interest
<= Giving to Others: Annual Cost With Interest

<= Giving to Others: 5-Year Cost With Interest
<= Giving to Others: Ten-Year Cost With Interest

#VALUE!
#VALUE!
#VALUE!
Cumulative #VALUE!
Cost of Giving to Others Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
9 11 13 15#VALUE!
17 19 21 23 25 27 29 31 33 35 37 39
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative
Cost of Giving to Others With Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
41 43
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
7#VALUE!
9 11
#VALUE!
13
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
15
17 19
#VALUE!
#VALUE!
21 23 25 27 29 31 33 35 37 39 41 43
Totals for Miscellaneous / Other

Expired!
<= Miscellaneous / Other: Daily Cost Without Interest
#VALUE!
<= Miscellaneous / Other: Weekly Cost Without Interest
#VALUE!
<= Miscellaneous / Other: Monthly Cost Without Interest
#VALUE!
<= Miscellaneous / Other: Annual Cost Without Interest
#VALUE!
<= Miscellaneous / Other: 5-Year Cost Without Interest
#VALUE!
<= Miscellaneous / Other: Ten-Year Cost Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
<= Miscellaneous / Other: Annual Cost With Interest
#VALUE!
<= Miscellaneous / Other: 5-Year Cost With Interest
43 45 47 49
#VALUE!
<= Miscellaneous / Other: Ten-Year Cost With Interest
#VALUE!
#VALUE!
#VALUE!
1
2
3
$1
4
5
$1
6
7
$1
8
9
$1
10
$1 11
12
$1 13
14
$0 15
16
$0 17
18
$0 19
20
$0 21
22
$0 23
1 24
25
26
27
28
$1 29
30
$1 31
32
$1 33
34
$1 35
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative
Cost
of Miscellaneous / Other Without In
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
7 #VALUE!
9 11 13 15#VALUE!
17 19 21 23 25 27 29
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative #VALUE!
Cost of Miscellaneous / Other With Inte
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$1
$1
$1
$0
$0
$0
$0
43 45 47 49
$0
36
37
38
39
40
41
42
43
44
45
46
47
48
49
1
50
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
7 9 11
#VALUE!
13
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
15 17
#VALUE!
19 21 23 25 27
scellaneous / Other
Without Interest
Totals for Ju
Expired!
<= Health Care: Daily Cost Without
t Without Interest
#VALUE!
<= Health Care: Weekly Cost Withou
st Without Interest
#VALUE!
<= Health Care: Monthly Cost Witho
t Without Interest
#VALUE!
<= Health Care: Annual Cost Withou
Without Interest
#VALUE!
<= Health Care: 5-Year Cost Withou
#VALUE!
<= Health Care: Ten-Year Cost With
st Without Interest
#VALUE!
<= Health Care: 20-Year Cost Witho
st Without Interest
#VALUE!
st Without Interest
#VALUE!
t With Interest
#VALUE!
<= Health Care: Annual Cost With I
With Interest
#VALUE!
<= Health Care: 5-Year Cost With In
ost With Interest
#VALUE!
<= Health Care: Ten-Year Cost With
st With Interest
#VALUE!
<= Health Care: 20-Year Cost With I
st With Interest
#VALUE!
st With Interest
#VALUE!
1
2
3
$1
4
5
$1
6
7
$1
8
9
$1
10
11
$1
12
13$1
14
15$0
16
17$0
18
19$0
20
21$0
22
23$0
1
24
25
26
27
28
29
$1
30
31 $1
32
33 $1
34
35 $1
#VALUE!
#VALUE!
Cumulative Cost of He
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5#VALUE!
7 9 11
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative Cost of
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
neous / Other Without Interest
29 31 33 35 37 39 41 43 45 47 49
laneous / Other With Interest
$1
27 29 31 33 35 37 39 41 43 45 47 49
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
$1
$1
$0
$0
$0
$0
$0
1
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
5 7
#VALUE!
Totals for Just Health Care Costs
ealth Care: Daily Cost Without Interest
ealth Care: Weekly Cost Without Interest
ealth Care: Monthly Cost Without Interest
ealth Care: Annual Cost Without Interest
ealth Care: 5-Year Cost Without Interest
ealth Care: Ten-Year Cost Without Interest
ealth Care: Annual Cost With Interest
ealth Care: 5-Year Cost With Interest
ealth Care: Ten-Year Cost With Interest
#VALUE!
#VALUE!
Cumulative
Cost of Health Care Without Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
11 13
15 17 19 21 23 25 27 29 31 33 35 37
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Cumulative
Cost of Health Care With Interest
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
39 41 43 45 47 49
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
11 #VALUE!
13 15
#VALUE!
17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49
Cost of Raisin
Day Care
Food
Sitter
Bigger Home
Mini-Van &
Their
Vehicles &
Insurance
Totals:
Expired
Expired
Expired
Expired
Expired
Present Values:
$0
$0
$0
$0
$0
Year
Number
Year
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
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
Interest Rate:
Cost of Raising a Child Calculator

Education
Private
School
Activities &
Lessons
Furnishings
Clothing
Vacations
Expired
Expired
Expired
Expired
Expired
Expired
$0
$0
$0
$0
$0
$0
Medical &
Dental
Insurance &
Expenses
Disability &
Life
Insurance
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Expired
Expired
Expired
<= Total Costs
$0
$0
Expired
<= Total Present Value
Renting vs. Buying a Home C
Year
Number
Year
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
2014
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Default
Rent
Inflation
Rent Annual
Manual
Override
Rent
Inflation
Manual
Override
Annual Rent
Renter's
Insurance /
Utility
Inflation
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
73
74
75
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
g a Home Calculator
Annual
Renter's
Insurance
Annual
Annual
Electric &
Water,
Moves &
Gas
Sewage, Moving Fix(heating Trash Pickup
fuel)
up
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Tax Bracket
CPI Inflation
(Used to
(Used to index compute taxes
standard
saved by
deduction)
standard
deduction)
Annual
Federal
Standard Tax
Deduction
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Annual Taxes
Saved with
Standard
Deduction
(column Q *
P4)
Total Annual
Rent & Expenses
(Column
G+J+K+L+M-R)
Year
Number
Year
$0
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$0
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
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
2014
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Annual Rate of
Return Assumed
on Home's
Market Value
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
73
74
75
#VALUE!
#VALUE!
#VALUE!
Input Home's
Initial Market
Value:
Input Mortgage's
Beginning Loan
Amount (amount
borrowed):
Input Annual
Interest Rate
(APR):
Annual Mortgage Used

to Compute Total
Beginning of
Years Remaining Annual Mortgage Mortgage Cash Flow
Year
on Mortgage Manual Override (use manual override to Principal
input exact number if
Balance
needed)
#NUM!
Expired
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Interest Paid Principal Paid

in Annual
in Annual
Payments
Payments
#NUM!
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Enter Down Payment and all Cash Spent on Assuming Mortgage, and all Ini
Annual Water,
Initial Down
Annual
Annual Electric Annual Property
Sewage, Trash
Payments,
Annual
Insurance
& Gas e (Inflated Taxes (Inflated at
Pick-up (Inflated Moves, Mortgage Maintenance
(Inflated at rate at rate input into rate input into
at rate input into Costs / Refi Fees, Manual Override
input into cell I4)
cell I4)
cell Y4)
cell I4)
Etc.
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
ng Mortgage, and all Initial Fix-ups Costs, in Cell AK4
Maintenance/Fixup/Additions/Etc.
(Inflated at rate
input into cell I4)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Federal Tax

Annual Taxes Saved (using
Deduction (Using
marginal tax rate input into
interest calculated in cell P4). Defaults to Standard
column AD + property Deduction when Interest Paid
taxes in column AI))
Falls Below Threshold
#NUM!
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#NUM!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Total Annual
Cash Flow
(Column
AB+AG+AH+AI
+AJ+AK+AMAP)
#NUM!
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$0
$0
$0
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Year Number
Year
Difference in Annual Cash

Flows Between Renting and
Owning (Column AR - T).
Positive Amounts are from
Owning Costing More than
Renting in that Year
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
2014
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#NUM!
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Input Rate of
Return on Side
Investment
Accounts
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
73
74
75
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Renter's Side Investment Account Growth.

When renting results in more cash being paid Home's Market
out than buying (Negative numbers in column Value Manual
AW), the negative numbers in Column AW are
Override
subtracted from the Renter's Side Account
#NUM!
#NUM!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Home's Market
Value
Home Equity
(Market value
minus mortgage
remaining)
$0
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$0
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Homeowner's Side
Homeowner's Side Investment Account Growth. Account
Account Plus
Starts when Annual Cash Flows from Renting Become
Home's Market
More than Owning (When column AW becomes negative) Value (Column BB
+ BD)
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#NUM!
#NUM!
#NUM!
#VALUE!
#VALUE!
#VALUE!
Total Difference in Net

Worth Renting vs.
Buying (Column AY BE)
Year Number
Year
#NUM!
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
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
2014
Expired
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
73
74
75
#VALUE!
#VALUE!
#VALUE!
Underwater Real Estate Calculator R

Assuming You Sold the Property on this Month:
You Would Have Gained or Lost this Much in Cash Flows:
You Would have Gained or Lost this Much in Equity:
Total Gain or Loss:
Total Gain or Loss if You Walked Away Today:
Monthly Net
Loss (Less
principal
payments
Total
Cumulative
and
Monthly
Losses
excluding
Expenses
accounting
items, like
depreciation
)
$1,500
($125)
($125)
Month
Month
Number
Monthly
Rental
Income
2014
January
$1,000
2014
February
$1,002
$1,501
($122)
($247)
2014
March
$1,003
$1,501
($119)
($366)
2014
April
$1,005
$1,502
($116)
($482)
2014
May
$1,007
$1,503
($113)
($596)
2014
June
$1,008
$1,503
($110)
($706)
2014
July
$1,010
$1,504
($107)
($813)
2014
August
$1,012
$1,504
($104)
($917)
2014
September
$1,013
$1,505
($101)
($1,018)
2014
October
10
$1,015
$1,506
($98)
($1,117)
2014
November
11
$1,017
$1,506
($95)
($1,212)
2014
December
12
$1,018
$1,507
($92)
($1,304)
2015
January
13
$1,020
$1,508
($89)
($1,393)
2015
February
14
$1,022
$1,508
($86)
($1,479)
2015
March
15
$1,024
$1,509
($83)
($1,562)
Year
Number
Year
2015
April
16
$1,025
$1,510
($80)
($1,642)
2015
May
17
$1,027
$1,510
($77)
($1,718)
2015
June
18
$1,029
$1,511
($74)
($1,792)
2015
July
19
$1,030
$1,511
($70)
($1,862)
2015
August
20
$1,032
$1,512
($67)
($1,930)
2015
September
21
$1,034
$1,513
($64)
($1,994)
2015
October
22
$1,036
$1,513
($61)
($2,055)
2015
November
23
$1,037
$1,514
($58)
($2,113)
2015
December
24
$1,039
$1,515
($55)
($2,168)
2016
January
25
$1,041
$1,515
($52)
($2,219)
2016
February
26
$1,043
$1,516
($48)
($2,267)
2016
March
27
$1,044
$1,517
($45)
($2,313)
2016
April
28
$1,046
$1,517
($42)
($2,354)
2016
May
29
$1,048
$1,518
($39)
($2,393)
2016
June
30
$1,049
$1,519
($35)
($2,428)
2016
July
31
$1,051
$1,519
($32)
($2,460)
2016
August
32
$1,053
$1,520
($29)
($2,489)
2016
September
33
$1,055
$1,521
($26)
($2,515)
2016
October
34
$1,056
$1,521
($22)
($2,537)
2016
November
35
$1,058
$1,522
($19)
($2,556)
2016
December
36
$1,060
$1,523
($16)
($2,571)
2017
January
37
$1,062
$1,524
($12)
($2,584)
2017
February
38
$1,064
$1,524
($9)
($2,593)
2017
March
39
$1,065
$1,525
($6)
($2,598)
2017
April
40
$1,067
$1,526
($2)
($2,600)
2017
May
41
$1,069
$1,526
$1
($2,599)
2017
June
42
$1,071
$1,527
$5
($2,594)
2017
July
43
$1,072
$1,528
$8
($2,586)
2017
August
44
$1,074
$1,528
$11
($2,575)
2017
September
45
$1,076
$1,529
$15
($2,560)
2017
October
46
$1,078
$1,530
$18
($2,541)
2017
November
47
$1,080
$1,530
$22
($2,520)
2017
December
48
$1,081
$1,531
$25
($2,494)
2018
January
49
$1,083
$1,532
$29
($2,465)
2018
February
50
$1,085
$1,533
$32
($2,433)
2018
March
51
$1,087
$1,533
$36
($2,397)
2018
April
52
$1,089
$1,534
$39
($2,358)
2018
May
53
$1,090
$1,535
$43
($2,315)
2018
June
54
$1,092
$1,535
$46
($2,268)
2018
July
55
$1,094
$1,536
$50
($2,218)
2018
August
56
$1,096
$1,537
$54
($2,165)
2018
September
57
$1,098
$1,538
$57
($2,107)
2018
October
58
$1,100
$1,538
$61
($2,047)
2018
November
59
$1,101
$1,539
$65
($1,982)
2018
December
60
$1,103
$1,540
$68
($1,914)
Calculator Results
rty on this Month:
June-15
uch in Cash Flows:
($8,840)
is Much in Equity:
($13,899)
Total Gain or Loss:
($22,739)
lked Away Today:
$0!
Monthly Net
Loss
(Including
principal
payments Cumulative
Losses
and
excluding
accounting
items, like
depreciation
($500)
($500)
Net Sale
Proceeds
$151,750
Underwater
Amount
(Amount
Needed to
Outstanding Sell and Pay
Liability
Off
Mortgage
Without
Taking a
Loss)
$174,621
($22,871)
$15,000
$10,000
$5,000
$0
($5,000)
($10,000)
($15,000)
($20,000)
($25,000)
($499)
($999)
$151,881
$174,241
($22,360)
($498)
($1,497)
$152,011
$173,858
($21,847)
($497)
($1,994)
$152,142
$173,474
($21,331)
($496)
($2,490)
$152,273
$173,087
($20,814)
($495)
($2,984)
$152,404
$172,699
($20,295)
($494)
($3,478)
$152,535
$172,309
($19,773)
($493)
($3,971)
$152,667
$171,916
($19,250)
($492)
($4,462)
$152,798
$171,522
($18,724)
($491)
($4,953)
$152,930
$171,126
($18,197)
$140,000
($490)
($5,443)
$153,061
$170,728
($17,667)
$130,000
($488)
($5,931)
$153,193
$170,328
($17,135)
($487)
($6,418)
$153,325
$169,926
($16,601)
($486)
($6,905)
$153,457
$169,522
($16,065)
($485)
($7,390)
$153,589
$169,115
($15,527)
Monthly Net
$180,000
$170,000
$160,000
$150,000
($484)
($7,874)
$153,721
$168,707
($14,986)
($483)
($8,358)
$153,853
$168,297
($14,444)
($482)
($8,840)
$153,985
$167,885
($13,899)
($481)
($9,321)
$154,118
$167,470
($13,352)
($480)
($9,801)
$154,251
$167,054
($12,803)
$1,000
($479)
($10,280)
$154,383
$166,636
($12,252)
$500
($478)
($10,757)
$154,516
$166,215
($11,699)
($477)
($11,234)
$154,649
$165,792
($11,143)
($476)
($11,710)
$154,782
$165,368
($10,585)
($475)
($12,185)
$154,915
$164,941
($10,025)
($474)
($12,658)
$155,048
$164,512
($9,463)
($473)
($13,131)
$155,182
$164,080
($8,899)
($471)
($13,602)
$155,315
$163,647
($8,332)
($470)
($14,073)
$155,449
$163,212
($7,763)
($469)
($14,542)
$155,583
$162,774
($7,191)
($468)
($15,010)
$155,716
$162,334
($6,617)
($467)
($15,477)
$155,850
$161,892
($6,041)
($466)
($15,943)
$155,984
$161,448
($5,463)
($465)
($16,408)
$156,119
$161,001
($4,882)
($464)
($16,872)
$156,253
$160,552
($4,299)
($463)
($17,335)
$156,387
$160,101
($3,714)
($462)
($17,797)
$156,522
$159,648
($3,126)
($461)
($18,257)
$156,656
$159,193
($2,536)
($460)
($18,717)
$156,791
$158,735
($1,944)
($458)
($19,175)
$156,926
$158,275
($1,349)
($457)
($19,633)
$157,061
$157,812
($751)
($456)
($20,089)
$157,196
$157,348
($152)
($400)
($455)
($20,544)
$157,331
$156,881
$450
($420)
($454)
($20,998)
$157,466
$156,411
$1,055
($453)
($21,451)
$157,602
$155,940
$1,662
($452)
($21,903)
$157,737
$155,465
$2,272
($451)
($22,354)
$157,873
$154,989
$2,884
($450)
($22,804)
$158,009
$154,510
$3,498
($449)
($23,252)
$158,144
$154,029
$4,115
$2,000
$1,500
$0
1
9 11
Monthly Net Loss

$100
$50
$0
1
9 11
($50)
($100)
($150)
Monthly Net Loss

1
9 11
($440)
($460)
($480)
($500)
($520)
($448)
($23,700)
$158,280
$153,545
$4,735
($446)
($24,146)
$158,416
$153,059
$5,357
($445)
($24,592)
$158,553
$152,571
$5,982
($444)
($25,036)
$158,689
$152,080
$6,609
($443)
($25,479)
$158,825
$151,587
$7,239
($442)
($25,921)
$158,962
$151,091
$7,871
($10,000)
($441)
($26,362)
$159,098
$150,593
$8,506
($15,000)
($440)
($26,802)
$159,235
$150,092
$9,143
($20,000)
($439)
($27,240)
$159,372
$149,588
$9,784
($25,000)
($438)
($27,678)
$159,509
$149,083
$10,426
($30,000)
($436)
($28,114)
$159,646
$148,574
$11,072
$0
($5,000)
Cumulative (not cou
Amount Underwater by Month
9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59
Monthly Net Equity vs. Mortgage Balance
9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59
Net Sale Proceeds
Outstanding Liability
Monthly Income vs. Expenses
9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59
Income
Expenses
Monthly Net Loss (Less principal payments and excluding accounting items, like
depreciation)
9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59
Monthly Net Loss (Including principal payments and excluding accounting items, like
depreciation)
9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59
Cumulative Monthly Cash Flows

9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59
Cumulative (not counting principal)
Cumulative (counting principal)
Underwater Real Estate Calculator Data In

Current and Ongoing Input
$175,000
<= Current Mortgage Loan Amount.
$1,250
<= Current Monthly Mortgage Payment.
6.00%
<= Current Mortgage Annual Interest Rate.
240
$165,000
1.0%
$1,000
<= Number of Months Left on Mortgage.

<= Current Year's Market Value.
<= Expected Annual Market Value Growth Rate.
<= Expected Monthly Gross Rental and Other Incomes.
2.0%
<= Expected Annual Inflation Rate of Rental Income.
$250
<= Expected Monthly Expenses and Property Taxes.
3.0%
<= Expected Percent Annual Growth in Expenses.
Selling Parameters
5.0%
$5,000
6/1/2015
<= Percent Selling Commission Rate.
<= Pre-Sale Fix-up Costs / Transfer Taxes / Prepayment Penalty / Sales Commissions /
<=Assumed Month of Property Sale.
alculator Data Input
ng Input
ers
nt Penalty / Sales Commissions / Other Fees.
Five-year Underwater Real Estate Calculato
Market Value Calc
Year
Number
Year
Month
Market Value
Rate of
Return
Market Value
Manual
Manual
Override (Use
Override
Month
Number
to Input Different
Property Growth
Rates Each Year)
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2016
2016
2016
2016
2016
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
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
2014
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
5
5
5
5
5
5
5
5
5
5
5
5
2016
2016
2016
2016
2016
2016
2016
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Estate Calculator
Market Value Calculations
Reason for Two Left Manual Overrides (Text

doesn't change any calculations)
Deductions from Gross Sale Pro
Property's
End of Year
Market Value
Used In
Calculations
Pre-sale Fixup Costs
$165,000
$165,138
$165,275
$165,413
$165,551
$165,689
$165,827
$165,965
$166,103
$166,242
$166,380
$166,519
$166,658
$166,796
$166,935
$167,075
$167,214
$167,353
$167,493
$167,632
$167,772
$167,912
$168,052
$168,192
$168,332
$168,472
$168,612
$168,753
$168,894
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$169,034
$169,175
$169,316
$169,457
$169,599
$169,740
$169,881
$170,023
$170,165
$170,306
$170,448
$170,590
$170,732
$170,875
$171,017
$171,160
$171,302
$171,445
$171,588
$171,731
$171,874
$172,017
$172,161
$172,304
$172,448
$172,591
$172,735
$172,879
$173,023
$173,167
$173,312
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
ductions from Gross Sale Proceeds
Real Estate
Net Proceeds
Agent Selling
from Sale
Commission
$8,250
$8,257
$8,264
$8,271
$8,278
$8,284
$8,291
$8,298
$8,305
$8,312
$8,319
$8,326
$8,333
$8,340
$8,347
$8,354
$8,361
$8,368
$8,375
$8,382
$8,389
$8,396
$8,403
$8,410
$8,417
$8,424
$8,431
$8,438
$8,445
$151,750
$151,881
$152,011
$152,142
$152,273
$152,404
$152,535
$152,667
$152,798
$152,930
$153,061
$153,193
$153,325
$153,457
$153,589
$153,721
$153,853
$153,985
$154,118
$154,251
$154,383
$154,516
$154,649
$154,782
$154,915
$155,048
$155,182
$155,315
$155,449
Mortgage Amortization
End of Month
Liability
Total Monthly Total Monthly
Balance After
Principal
Interest
Deducting
Payments
Payments
Principal
Payments
$379
$381
$383
$384
$386
$388
$390
$392
$394
$396
$398
$400
$402
$404
$406
$408
$410
$412
$414
$416
$418
$421
$423
$425
$427
$429
$431
$433
$436
$875
$873
$871
$869
$867
$865
$863
$862
$860
$858
$856
$854
$852
$850
$848
$846
$844
$841
$839
$837
$835
$833
$831
$829
$827
$825
$823
$820
$818
$174,621
$174,241
$173,858
$173,474
$173,087
$172,699
$172,309
$171,916
$171,522
$171,126
$170,728
$170,328
$169,926
$169,522
$169,115
$168,707
$168,297
$167,885
$167,470
$167,054
$166,636
$166,215
$165,792
$165,368
$164,941
$164,512
$164,080
$163,647
$163,212
$8,452
$8,459
$8,466
$8,473
$8,480
$8,487
$8,494
$8,501
$8,508
$8,515
$8,522
$8,530
$8,537
$8,544
$8,551
$8,558
$8,565
$8,572
$8,579
$8,587
$8,594
$8,601
$8,608
$8,615
$8,622
$8,630
$8,637
$8,644
$8,651
$8,658
$8,666
$155,583
$155,716
$155,850
$155,984
$156,119
$156,253
$156,387
$156,522
$156,656
$156,791
$156,926
$157,061
$157,196
$157,331
$157,466
$157,602
$157,737
$157,873
$158,009
$158,144
$158,280
$158,416
$158,553
$158,689
$158,825
$158,962
$159,098
$159,235
$159,372
$159,509
$159,646
$438
$440
$442
$444
$447
$449
$451
$453
$456
$458
$460
$462
$465
$467
$469
$472
$474
$476
$479
$481
$484
$486
$488
$491
$493
$496
$498
$501
$503
$506
$508
$816
$814
$812
$809
$807
$805
$803
$801
$798
$796
$794
$791
$789
$787
$784
$782
$780
$777
$775
$773
$770
$768
$765
$763
$760
$758
$755
$753
$750
$748
$745
$162,774
$162,334
$161,892
$161,448
$161,001
$160,552
$160,101
$159,648
$159,193
$158,735
$158,275
$157,812
$157,348
$156,881
$156,411
$155,940
$155,465
$154,989
$154,510
$154,029
$153,545
$153,059
$152,571
$152,080
$151,587
$151,091
$150,593
$150,092
$149,588
$149,083
$148,574
Monthly Rental Incomes
Monthly
Monthly
Monthly
Rental Income Reason for Manual Overrides (Text doesn't change Rental Income
any calculations)
Manual
Used in
Overrides
Calculation
$1,000
$1,002
$1,003
$1,005
$1,007
$1,008
$1,010
$1,012
$1,013
$1,015
$1,017
$1,018
$1,020
$1,022
$1,024
$1,025
$1,027
$1,029
$1,030
$1,032
$1,034
$1,036
$1,037
$1,039
$1,041
$1,043
$1,044
$1,046
$1,048
$1,049
$1,051
$1,053
$1,055
$1,056
$1,058
$1,060
$1,062
$1,064
$1,065
$1,067
$1,069
$1,071
$1,072
$1,074
$1,076
$1,078
$1,080
$1,081
$1,083
$1,085
$1,087
$1,089
$1,090
$1,092
$1,094
$1,096
$1,098
$1,100
$1,101
$1,103
Total:
$612,415
Here are your cho

you'll still be out o
AB47). Or if you "
Monthly Expenses and Property Taxes

Monthly Nonloan Cash
Expenses
Manual
Overrides
Reason for Manual Overrides (Text doesn't change Total Monthly

Total Monthly Expenses
any calculations)
Expenses
$250
$251
$251
$252
$253
$253
$254
$254
$255
$256
$256
$257
$258
$258
$259
$260
$260
$261
$261
$262
$263
$263
$264
$265
$265
$266
$267
$267
$268
$1,500
$1,501
$1,501
$1,502
$1,503
$1,503
$1,504
$1,504
$1,505
$1,506
$1,506
$1,507
$1,508
$1,508
$1,509
$1,510
$1,510
$1,511
$1,511
$1,512
$1,513
$1,513
$1,514
$1,515
$1,515
$1,516
$1,517
$1,517
$1,518
$269
$269
$270
$271
$271
$272
$273
$274
$274
$275
$276
$276
$277
$278
$278
$279
$280
$280
$281
$282
$283
$283
$284
$285
$285
$286
$287
$288
$288
$289
$290
Total:
$1,519
$1,519
$1,520
$1,521
$1,521
$1,522
$1,523
$1,524
$1,524
$1,525
$1,526
$1,526
$1,527
$1,528
$1,528
$1,529
$1,530
$1,530
$1,531
$1,532
$1,533
$1,533
$1,534
$1,535
$1,535
$1,536
$1,537
$1,538
$1,538
$1,539
$1,540
$132,972
Here are your choices with this property: You can wait 3.5 years until the mark
you'll still be out of pocket almost $20,000 (see cell AF49). If you don't care abo
AB47). Or if you "walk away" now, and do nothing so the bank takes it back, t
Monthly Net Loss

(Less principal payments
and excluding
accounting items, like
depreciation)
($125)
($122)
($119)
($116)
($113)
($110)
($107)
($104)
($101)
($98)
($95)
($92)
($89)
($86)
($83)
($80)
($77)
($74)
($70)
($67)
($64)
($61)
($58)
($55)
($52)
($48)
($45)
($42)
($39)
Monthly Net Loss

Cumulative Losses
($125)
($247)
($366)
($482)
($596)
($706)
($813)
($917)
($1,018)
($1,117)
($1,212)
($1,304)
($1,393)
($1,479)
($1,562)
($1,642)
($1,718)
($1,792)
($1,862)
($1,930)
($1,994)
($2,055)
($2,113)
($2,168)
($2,219)
($2,267)
($2,313)
($2,354)
($2,393)
(Including principal
payments and excluding
accounting items, like
depreciation)
($500)
($499)
($498)
($497)
($496)
($495)
($494)
($493)
($492)
($491)
($490)
($488)
($487)
($486)
($485)
($484)
($483)
($482)
($481)
($480)
($479)
($478)
($477)
($476)
($475)
($474)
($473)
($471)
($470)
Cumulative Losses
($500)
($999)
($1,497)
($1,994)
($2,490)
($2,984)
($3,478)
($3,971)
($4,462)
($4,953)
($5,443)
($5,931)
($6,418)
($6,905)
($7,390)
($7,874)
($8,358)
($8,840)
($9,321)
($9,801)
($10,280)
($10,757)
($11,234)
($11,710)
($12,185)
($12,658)
($13,131)
($13,602)
($14,073)
($35)
($32)
($29)
($26)
($22)
($19)
($16)
($12)
($9)
($6)
($2)
$1
$5
$8
$11
$15
$18
$22
$25
$29
$32
$36
$39
$43
$46
$50
$54
$57
$61
$65
$68
($2,428)
($2,460)
($2,489)
($2,515)
($2,537)
($2,556)
($2,571)
($2,584)
($2,593)
($2,598)
($2,600)
($2,599)
($2,594)
($2,586)
($2,575)
($2,560)
($2,541)
($2,520)
($2,494)
($2,465)
($2,433)
($2,397)
($2,358)
($2,315)
($2,268)
($2,218)
($2,165)
($2,107)
($2,047)
($1,982)
($1,914)
($469)
($468)
($467)
($466)
($465)
($464)
($463)
($462)
($461)
($460)
($458)
($457)
($456)
($455)
($454)
($453)
($452)
($451)
($450)
($449)
($448)
($446)
($445)
($444)
($443)
($442)
($441)
($440)
($439)
($438)
($436)
($14,542)
($15,010)
($15,477)
($15,943)
($16,408)
($16,872)
($17,335)
($17,797)
($18,257)
($18,717)
($19,175)
($19,633)
($20,089)
($20,544)
($20,998)
($21,451)
($21,903)
($22,354)
($22,804)
($23,252)
($23,700)
($24,146)
($24,592)
($25,036)
($25,479)
($25,921)
($26,362)
($26,802)
($27,240)
($27,678)
($28,114)
ears until the market value exceeds the loan payoff (see cell AJ49). If you do this
you don't care about equity, then in three years, you'll have positive cash flow (s
ank takes it back, then you will be avoiding over $23,000 in losses (cell AJ7 plus A
Net Sale Proceeds
Outstanding
Liability
$151,750
$151,881
$152,011
$152,142
$152,273
$152,404
$152,535
$152,667
$152,798
$152,930
$153,061
$153,193
$153,325
$153,457
$153,589
$153,721
$153,853
$153,985
$154,118
$154,251
$154,383
$154,516
$154,649
$154,782
$154,915
$155,048
$155,182
$155,315
$155,449
$174,621
$174,241
$173,858
$173,474
$173,087
$172,699
$172,309
$171,916
$171,522
$171,126
$170,728
$170,328
$169,926
$169,522
$169,115
$168,707
$168,297
$167,885
$167,470
$167,054
$166,636
$166,215
$165,792
$165,368
$164,941
$164,512
$164,080
$163,647
$163,212
Underwater
Amount (Amount
Needed to Sell and Pay
Off Mortgage Without
Taking a Loss)
($22,871)
($22,360)
($21,847)
($21,331)
($20,814)
($20,295)
($19,773)
($19,250)
($18,724)
($18,197)
($17,667)
($17,135)
($16,601)
($16,065)
($15,527)
($14,986)
($14,444)
($13,899)
($13,352)
($12,803)
($12,252)
($11,699)
($11,143)
($10,585)
($10,025)
($9,463)
($8,899)
($8,332)
($7,763)
Year
Number
Year
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2015
2016
2016
2016
2016
2016
$155,583
$155,716
$155,850
$155,984
$156,119
$156,253
$156,387
$156,522
$156,656
$156,791
$156,926
$157,061
$157,196
$157,331
$157,466
$157,602
$157,737
$157,873
$158,009
$158,144
$158,280
$158,416
$158,553
$158,689
$158,825
$158,962
$159,098
$159,235
$159,372
$159,509
$159,646
$162,774
$162,334
$161,892
$161,448
$161,001
$160,552
$160,101
$159,648
$159,193
$158,735
$158,275
$157,812
$157,348
$156,881
$156,411
$155,940
$155,465
$154,989
$154,510
$154,029
$153,545
$153,059
$152,571
$152,080
$151,587
$151,091
$150,593
$150,092
$149,588
$149,083
$148,574
($7,191)
($6,617)
($6,041)
($5,463)
($4,882)
($4,299)
($3,714)
($3,126)
($2,536)
($1,944)
($1,349)
($751)
($152)
$450
$1,055
$1,662
$2,272
$2,884
$3,498
$4,115
$4,735
$5,357
$5,982
$6,609
$7,239
$7,871
$8,506
$9,143
$9,784
$10,426
$11,072
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
5
5
5
5
5
5
5
5
5
5
5
5
2016
2016
2016
2016
2016
2016
2016
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2017
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
2018
J49). If you do this, then

ositive cash flow (see cell
(cell AJ7 plus AF7).
Month
Month
Number
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
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
January-14
$0
$0
February-14
$0
$0
March-14
$0
$0
April-14
$0
$0
May-14
$0
$0
June-14
$0
$0
July-14
$0
$0
August-14
$0
$0
September-14
$0
$0
October-14
$0
$0
November-14
$0
$0
December-14
$0
$0
January-15
$0
$0
February-15
$0
$0
March-15
$0
$0
April-15
$0
$0
May-15
$0
$0
June-15
-$8,840
-$13,899
July-15
$0
$0
August-15
$0
$0
September-15
$0
$0
October-15
$0
$0
November-15
$0
$0
December-15
$0
$0
January-16
$0
$0
February-16
$0
$0
March-16
$0
$0
April-16
$0
$0
May-16
$0
$0
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
June-16
$0
$0
July-16
$0
$0
August-16
$0
$0
September-16
$0
$0
October-16
$0
$0
November-16
$0
$0
December-16
$0
$0
January-17
$0
$0
February-17
$0
$0
March-17
$0
$0
April-17
$0
$0
May-17
$0
$0
June-17
$0
$0
July-17
$0
$0
August-17
$0
$0
September-17
$0
$0
October-17
$0
$0
November-17
$0
$0
December-17
$0
$0
January-18
$0
$0
February-18
$0
$0
March-18
$0
$0
April-18
$0
$0
May-18
$0
$0
June-18
$0
$0
July-18
$0
$0
August-18
$0
$0
September-18
$0
$0
October-18
$0
$0
November-18
$0
$0
December-18
$0
$0
$0
$0
CPI Inflation Calculato
U.S. City Average (All items | 1982 - 1984 =10
October 1, 2007
December 1, 2013
$14,200.00
<= Beginning Base Month to Calculate Price Changes.

<= Ending Month to Calculate Price Changes.
<= Beginning Nominal Value.
Number of Months in Your Inputted Time Fram
Chain Value at the End of the Start Mont
Chain Value at the End of the End Mont
Percent CPI Changed Over Inputted Time Horizo
Nominal Inputted Value Converted into "Real" Inflated Value

This is the record high close of the DJIA in Oct 2007.
on Calculator
ll items | 1982 - 1984 =100)
This is how high the DJIA needs to currently be to at an

actual all-time real high.
ur Inputted Time Frame:
75
e End of the Start Month:
208.9
e End of the End Month:
233.0
r Inputted Time Horizon:
11.537%
o "Real" Inflated Value:
$15,838.20
Copyright
1997-2014 Toolsformoney.com, All Rights Reserved
A needs to currently be to at an
time real high.
oolsformoney.com, All Rights Reserved
Financial Planning and/or Investment Advis

$10,000,000
<= Input this Year's Estimated AUM Earning Trailer Income (from 12b-1s, insur
0.1%
<= Input Average Trailer Percentage Received
$10,700
<= Next Year's Estimated Income from Trailers
$10,000,000
<= Input This Year's Estimated AUM Earnings from Fees
1.0%
<= Input Average Fee Percentage Received
$107,000
<= Next Year's Estimated Income from Fees
$25,000
<= Input Next Year's Estimated Recurring Miscellaneous Gross Income from All
$142,700
<= Total Estimated Next Year's Income
10.0%
<= Input Percent of Trailer Clients Taken by Broker Dealer, Partner, Left from A
$9,630
<= Next Year's Estimated Gross Trailers Received after Above Haircut
10.0%
<= Input Percent of Fee Clients Taken by Broker Dealer, Partner, Left from Attr
$96,300
<= Next Year's Estimated Gross Fees Received after Above Haircut
10.0%
<= Input Percent of Miscellaneous Income Taken by Broker Dealer, Partner, Lef
$22,500
<= Next Year's Estimated Gross Miscellaneous Income Received after Above Hai
$128,430
<= Estimated Next Year's Total Estimated Gross Income

$381,964
<= Estimated 3-year Total PV
Estimate a Valuation Multiplier

2%
- to -
3%
<= Input Multiplier Range
<= Input a Number between 1 and 10 if there is a Niche Market Client Base (1 = N
<= Input a Number between 1 and 10 if there are More "A-level" Clients than "B
<= Input a Number between 1 and 10 of Percentage of Key People Leaving after S
Today Your Practice is Estimated to Currently be Worth Around:

ment Advisory Practice Valuation Estimator
me (from 12b-1s, insurance premiums, repeat commission buys, etc.)

$32,086
7.0%
<= Input Next Year's Estimated Market Growth
$56,271
8.0%
<= Input Estimated Three-year Market Forecast
$130,448
9.0%
<= Input Estimated Five-year Market Growth Forecast
10.0%
<= Input Estimated Ten-year Market Forecast

$320,859
3.0%
<= Input PV Discount Rate
$562,709
ross Income from All Other Sources After Sale
$1,304,483
, Partner, Left from Attrition, Etc. After Sale
ve Haircut
rtner, Left from Attrition, Etc. After Sale
Dealer, Partner, Left from Attrition, Etc. After Sale
ived after Above Haircut
$664,409
<= Estimated Five-year Total PV
$1,587,948
Your Business Valuation Multiplier is Estim
Multiplier Range
$0
ket Client Base (1 = No niche, 5 = Semi-niche, 10 = Total niche)
evel" Clients than "B - D" Clients (1 = 0% "A" clients, 5 = 50% "A" clients, 10 = 100% "A" clients)
People Leaving after Sale (1 = 100% of the key people are leaving, 5 = 50% key leaving, 10 = 0% key leaving)
Around:
$350,485
<= Estimated Three-year PV from Trailers

<= Estimated Five-year PV from Trailers
<= Estimated Ten-year PV from Trailers
<= Estimated Three-year PV from Fees

<= Estimated Five-year PV from Fees
<= Estimated Ten-year PV from Fees
<= Estimated Ten-year Total PV
ultiplier is Estimated to Be:
ey leaving)
25-Year Dollar-Weighte
For single mutual funds/stocks, or whole investm

Because of the monthly compounding, rates of return w
IRR stands for Internal Rate of Return, and is the financial m
For determining rates of return on sold asset
Step 1: Input the portfolio's beginning balance into cell B19. This is where you input the amount of your original in
Step 2: Input the total value of the portfolio at the end of year one into cell B20.
Step 3: Input the dividends you received as cash to you, into the appropriate month's cells in row 25. DO NOT inp
Step 4: Input the capital gains you received as cash to you, into the appropriate month's cells in row 28. DO NOT i
Step 5: Input the tax rate you pay on both dividends, capital gains, and withdrawals into cells B21, B22, and B23.
Step 6: Input all new money you added to the portfolio into the appropriate month's cells in row 31.
Step 7: Input all amounts you withdrew from the portfolio into the appropriate month's cells in row 32.
Step 8: Repeat the process for years 2 - 25 by entering each year's ending values, dividends, capital gains, contribu
Step 9: In the year after the portfolio is liquidated, input $0 into that year's Asset's Value at the End of the Years in
2011
< Input the Year When the Portfolio Started
$100,000
< Original Investment Amount (Or value at the end of previous ye
$85,000
< Input the Asset's Value at the End of the Year.
20.0%
< Input Capital Gains Tax Rate.
10.0%
< Input Dividend Tax Rate.
25.0%
< Input Tax Rate on Withdrawals.
Year #1: 2011
January
February
March
Dividends that were NOT Reinvested
$417
$417
$417
Amount of Dividend Taxes
$42
$42
$42
Net Dividends Received
$375
$375
$375
$0
$0
$0
Capital Gains Distributions that were NOT

Reinvested
Amount of Capital Gains Taxes
$0
$0
$0
Amount of Withdrawal Taxes
$0
$0
$0
Net Withdrawals
$0
$0
$0
Net Capital Gains Received

Contributions/Additions
Withdrawals
$85,000
< Value at the End of the Previous Year.
$110,000
20.0%
10.0%
25.0%
Year #2: 2012
January
February
March
$100

$0
$0
$10
$0
$0
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
Net Withdrawals
$0
$0
$0
$110,000
$101,000
20.0%
10.0%
25.0%
Year #3: 2013
January
February
March
$300

$0
$0
$30
$0
$0
$270
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$101,000
$117,000
20.0%
10.0%
25.0%
Year #4: 2014
January
February
March
$100
$100
$400
$10
$10
$40
$90
$90
$360
$0
$0
$0
$0
$0
$0

Reinvested
$10,000
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
$117,000
$200,000
20.0%
10.0%
25.0%
Year #5: 2015
January
February
March
$500
$1,000
$5,000
$50
$100
$500
$450
$900
$4,500
$0
$0
$0
$0
$0
$0
$15,000

Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
$200,000
$150,000
20.0%
10.0%
25.0%
Year #6: 2016
January
February
$500
$1,000
$50
$100
$0
$450
$900
$0
March

Reinvested
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
Withdrawals
$150,000

Year #7: 2017
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
$0

Year #8: 2018
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #9: 2019
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #10: 2020
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #11: 2021
January
February
March
$0
$0
$0
$0
$0
$0

Reinvested
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
Withdrawals
$0

Year #12: 2022
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
$0

Year #13: 2023
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #14: 2024
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #15: 2025
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #16: 2026
January
February
March
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #17: 2027
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
$0

Year #18: 2028
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #19: 2029
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0


Year #20: 2030
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #21: 2031
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0

Year #22: 2032
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0

Reinvested
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Withdrawals
$0

Year #23: 2033
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
Net Withdrawals
$0
$0
$0
$0

Year #24: 2034
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$0


Year #25: 2035
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
ar-Weighted Rate of Return (IRR) Calcu
l funds/stocks, or whole investment portfolios. IRR numbers shown are annual returns using monthly compounding.
compounding, rates of return will be will lower than expected if there are no significant monthly cash flows (Excel limitat
of Return, and is the financial method used to arrive at an overall rate of return given uneven cash flows during the hold
ing rates of return on sold assets - only input one asset, and then input the sales proceeds into the end-of-year field.
th's cells in row 25. DO NOT input dividends that were reinvested as these are accounted for in the ending year's value.
month's cells in row 28. DO NOT input capital gains that were reinvested as these are accounted for in the ending year's value.
als into cells B21, B22, and B23.
h's cells in row 31.
onth's cells in row 32.
dividends, capital gains, contributions, withdrawals, and tax rates if different.
s Value at the End of the Years input field.
value at the end of previous year).
-0.90%
d of the Year.
-0.94%
-15.00%
April
May
June
July
August
$417
$417
$417
$417
$417
$42
$42
$42
$42
$42
$375
$375
$375
$375
$375
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
29.41%
< Annual Rate of Return of Just Beginning and End
31.41%
< Annual Rate of Return Before Taxes with Monthly Ca

End Value
8.02%
< Before Tax IRR for Years 1 - 2
2.31%
< Monthly IRR Before Taxes

< Input Estimated Monthly IRR if Excel Gives Error
April
May
June
July
August
$150
$0
$0
$15
$0
$0
$0
$0
$135
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-8.18%
-7.27%

End Value
2.92%
-0.63%

April
May
June
July
August
$250
$0
$0
$25
$0
$0
$0
$0
$225
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
15.84%
10.50%

End Value
4.59%
0.79%

April
May
June
July
August
$110
$110
$500
$120
$110
$11
$11
$50
$12
$11
$99
$99
$450
$108
$99
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
70.94%
83.16%

End Value
15.95%
5.08%

April
May
June
July
August
$1,200
$1,200
$6,000
$1,300
$1,300
$120
$120
$600
$130
$130
$1,080
$1,080
$5,400
$1,170
$1,170
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-25.00%
-24.10%

End Value
8.90%
-2.37%

April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value

April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value

April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

End Value

April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
(IRR) Calculator
ns using monthly compounding.

nt monthly cash flows (Excel limitation).
n uneven cash flows during the holding period.
eds into the end-of-year field.
or in the ending year's value.

nted for in the ending year's value.
< Input Estimated

Monthly IRR if Excel
GivesEstimated
Error
< Input

< Monthly IRR After Taxes
Monthly IRR if Excel

Gives Error
< Annual Rate of Return of Just Beginning and Ending Account Values
-10.000%
-10.500%
September
October
November
December
$417
$417
$417
$417
$42
$42
$42
$42
$375
$375
$375
$375
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
ate of Return of Just Beginning and Ending Account Values
4.88%
< Years 1-2 Average Before-Tax Compounded Rate of Re

and Ending Year Values
te of Return Before Taxes with Monthly Cash Flows Added

to Year-End Value
31.09%
< Annual Rate of Return After Taxes with Monthly Cash

Year-End Value
7.66%
< After Tax IRR for Years 1 - 2
2.29%

< Input Estimated Annual IRR if Excel Gives Error
September
October
November
$200
December
$250
$20
$0
$0
$25
$180
$0
$0
$225
$1,000
$0
$0
$200
$0
$0
$0
$800
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value
$0
$0
0.33%

-7.36%

Year-End Value
2.63%
-0.64%

September
October
November
$250
December
$200
$25
$0
$0
$20
$225
$0
$0
$180
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value
4.00%

9.85%

Year-End Value
4.23%
0.74%

September
October
November
December
$400
$110
$100
$450
$40
$11
$10
$45
$360
$99
$90
$405
$2,000
$0
$0
$400
$0
$0
$0
$1,600
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value
14.87%

80.66%

Year-End Value
15.42%
4.93%

September
October
November
December
$5,000
$1,200
$1,100
$4,500
$500
$120
$110
$450
$4,500
$1,080
$990
$4,050
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value
6.99%
-24.04%


Year-End Value
8.33%
-2.37%

September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value
te of
ust
nd


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0


to Year-End Value

Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value
< Years 1-10 Average Before-Tax Compounded Rate of R


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value

September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value

September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value
$0


Year-End Value
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
te of
ust
nd
to Year-End Value


Year-End Value

September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

< Annual Rate of Return Before Taxes with Monthly Cash
Flows
< Annual Rate of Return After Taxes with Monthly Cash Flows
Annual Totals
$5,000
$500
$4,500
$0
$0
$0
$0
$0
$0
$0
rs 1-2 Average Before-Tax Compounded Rate of Return of

Beginning and Ending Year Values
Rate of Return After Taxes with Monthly Cash Flows Added to

Year-End Value
Annual Totals
$700
$70
$630
$1,000
$200
$800
$0
$0
$0
$0
1-3
eforeounded
Year-End Value
Annual Totals
$1,000
$100
$900
$0
$0
$0
$0
$0
$0
$0
1-4
eforeounded
Year-End Value
Annual Totals
$2,610
$261
$2,349
$2,000
$400
$1,600
$10,000
$0
$0
$0
1-5
eforeounded
Year-End Value
Annual Totals
$29,300
$2,930
$26,370
$0
$0
$0
$15,000
$0
$0
$0
1-6
eforeounded
Year-End Value
Annual Totals
$1,500
$150
$750
$0
$0
$0
$0
$0
$0
$0
1-7
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-8
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-9
eforeounded

Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-10
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-11
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-13
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-13
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-14
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-15
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-16
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-17
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-18
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-19
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-20
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-21
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-22
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-23
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-24
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1-25
eforeounded
Year-End Value
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
25-Year Time-We
Rate of return numbers shown are

Time-weighted is more accurate than dollar-weighted because its relativ
Step 1: Input the portfolio's beginning balance into cell B17. This is where you input the amount of your original in
Step 2: Input the value of the portfolio at the actual end of the month in which it started into the appropriate month
Step 3: Input the dividends you received as cash to you, into the appropriate month's cells in row 23. DO NOT inp
Step 4: Input the capital gains you received as cash to you, into the appropriate month's cells in row 26. DO NOT i
Step 5: Input the tax rate you pay on both dividends, capital gains, and withdrawals into cells B18, B19, and B20.
Step 6: Input all new money you added to the portfolio into the appropriate month's cells in row 29.
Step 7: Input all amounts you withdrew from the portfolio into the appropriate month's cells in row 30.
Step 8: Repeat the process for Years 2 - 25 by entering each year's ending values, dividends, capital gains, contribu
Step 9: Input the text "Sold" into the Account Market Value field in the month column AFTER the portfolio was s
2012
$100,000
< Input the Year When the Portfolio Started.

< Original Investment Amount (or value at end of previous year).
20.0%
< Capital Gains Tax Rate.
10.0%
< Dividend Tax Rate.
25.0%
< Capital Tax Rate on Withdrawals.
Year #1: 2012
January
February
March
End of Month Account Market Value AFTER

All Contributions and Withdrawals
$101,000
$417
$0
$0
$42
$0
$0
$375
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
Monthly Rate of Return
0.00%
0.00%
1.42%
$110,000
< End of Previous Year's Account Balance.
20.0%
10.0%
25.0%
Year #2: 2013
January
February
March

$111,000
$112,000
$113,000
$100
$100
$100
$10
$10
$10
$90
$90
$90
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
1.00%
0.99%
0.98%
$122,000
20.0%
10.0%
25.0%
Year #3: 2014
January
February
March

$123,000
$124,000
$125,000
$100
$100
$100
$10
$10
$10
$90
$90
$90
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.90%
0.89%
0.89%
$143,000
20.0%
10.0%
25.0%
Year #4: 2015
January
February
March

$135,000
$137,000
$139,000
$100
$100
$100
$10
$10
$10
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0

Reinvested
Withdrawals
Net Withdrawals
$0
$0
$0
-5.52%
1.55%
1.53%
$152,000
20.0%
10.0%
25.0%
Year #5: 2016
January
February
March

$156,000
$157,000
$158,000
$100
$100
$100
$10
$10
$10
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0

Reinvested
Withdrawals
$167,000
2.70%
0.70%
0.70%
20.0%
10.0%
25.0%
Year #6: 2017
January
February
March

$166,000
$165,000
$164,000
$100
$100
$100
$10
$10
$10
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
-0.54%
-0.54%
-0.55%

Reinvested
Withdrawals
$155,000
20.0%
10.0%
25.0%
Year #7: 2018
January
February
March

$155,100
$155,200
$155,300
$100
$100
$100
$10
$10
$10
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.13%
0.13%
0.13%

Reinvested
Withdrawals
$0

Year #8: 2019
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%


Reinvested
Withdrawals
$0

Year #9: 2020
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%


Reinvested
Withdrawals
$0

Year #10: 2021
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%


Reinvested
Withdrawals
$0


Year #11: 2022
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%


Reinvested
Withdrawals
$0

Year #12: 2023
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%


Reinvested
Withdrawals
$0

Year #13: 2024
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%


Reinvested
Withdrawals
$0

Year #14: 2025
January
February
March

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%

Reinvested
Withdrawals
$0

Year #15: 2026
January
February
March


$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%

Reinvested
Withdrawals
$0

Year #16: 2027
January
February
March

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%

Reinvested
Withdrawals
$0

Year #17: 2028
January
February
March
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%

Reinvested
Withdrawals
$0

Year #18: 2029
January
February
March
$0
$0
$0
$0
$0
$0


Reinvested
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%
Withdrawals
$0

Year #19: 2030
January
February
March
$0
$0
$0
$0
$0
$0


Reinvested
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%
Withdrawals
$0

Year #20: 2031
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0


Reinvested
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%

Withdrawals
$0

Year #21: 2032
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0


Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%
$0

Year #22: 2033
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0


Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%
$0

Year #23: 2034
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0


Reinvested
Withdrawals
$0
$0
$0
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%
$0

Year #24: 2035
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0


Reinvested
Withdrawals
Net Withdrawals
$0
$0
$0
0.00%
0.00%
0.00%
$0

Year #25: 2036
January
February
March
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Withdrawals
$0
$0
$0


Reinvested
Withdrawals
0.00%
0.00%
0.00%
r Time-Weighted Rate of Return Calcula
e of return numbers shown are annual returns using monthly compounding after cash flows are taken into account.
ar-weighted because its relatively unaffected by contributions or withdrawals. Therefore it's a better way to compare in
started into the appropriate month's column in row 22. If portfolio started in March, input value at the end of March's into March
th's cells in row 23. DO NOT input dividends that were reinvested as these are accounted for in the ending year's value.
month's cells in row 26. DO NOT input capital gains that were reinvested as these are accounted for in the ending year's value.
als into cells B18, B19, and B20.
h's cells in row 29.
onth's cells in row 30.
, dividends, capital gains, contributions, withdrawals, and tax rates if different.
olumn AFTER the portfolio was sold. So if it was liquidated in March, input the word Sold into April's input field. Portfolio can
value at end of previous year).
Annual Rate of Return of

Just Beginning and
Ending Values >
April
May
June
July
August
$102,000
$103,000
$104,000
$105,000
$106,000
$417
$417
$417
$417
$417
$42
$42
$42
$42
$42
$375
$375
$375
$375
$375
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1.40%
1.39%
1.38%
1.36%
1.35%

Just Beginning and
Ending Values >
April
May
June
July
August
$114,000
$115,000
$116,000
$117,000
$118,000
$100
$100
$100
$100
$100
$10
$10
$10
$10
$10
$90
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.97%
0.96%
0.96%
0.95%
0.94%

Just Beginning and
Ending Values >
April
May
June
July
August
$126,000
$127,000
$128,000
$129,000
$130,000
$100
$100
$100
$100
$100
$10
$10
$10
$10
$10
$90
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.88%
0.87%
0.87%
0.86%
0.85%

Just Beginning and
Ending Values >
April
May
June
July
August
$141,000
$143,000
$145,000
$147,000
$148,000
$100
$100
$100
$100
$10
$10
$10
$10
$0
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1.51%
1.49%
1.47%
1.45%
0.68%

Just Beginning and
Ending Values >
April
May
June
July
August
$159,000
$160,000
$161,000
$162,000
$163,000
$100
$100
$100
$100
$100
$10
$10
$10
$10
$10
$90
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.70%
0.69%
0.69%
0.68%
0.68%

Just Beginning and
Ending Values >
April
May
June
July
August
$163,000
$162,000
$161,000
$160,000
$159,000
$100
$100
$100
$100
$100
$10
$10
$10
$10
$10
$90
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-0.55%
-0.55%
-0.56%
-0.56%
-0.56%

Just Beginning and
Ending Values >
April
May
$160,000
Sold
June
July
August
$100
$10
$0
$0
$0
$0
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
3.09%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%

Just Beginning and
Ending Values >
April
May
June
July
August
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
0.00%
turn Calculator
h flows are taken into account.

efore it's a better way to compare investment manager performance.
value at the end of March's into March's input field. Repeat for EVERY subsequent month in every year until the portfolio is tota
or in the ending year's value.
nted for in the ending year's value.
into April's input field. Portfolio can not be sold in Year #1.
Simple Average Monthly Rate of Return >
1.36%
Simple Average Annual Rate of Return >
16.28%
Annual Rate of Return of Just Beginning and Ending Values >

Annual Time-Weighted Rate of Return >
10.00%
14.43%
September
October
November
December
$107,000
$108,000
$109,000
$110,000
$417
$417
$417
$417
$42
$42
$42
$42
$375
$375
$375
$375
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
1.34%
1.32%
1.31%
1.30%
0.95%
11.43%
10.91%
16.56%
Years 1 - 2 Annual Time-Weighted Rate of Return >
13.23%
September
October
November
December
$119,000
$120,000
$121,000
$122,000
$100
$100
$100
$100
$10
$10
$10
$10
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.93%
0.92%
0.92%
0.91%
1.40%
16.82%
17.21%
23.95%
14.78%
September
October
November
December
$140,000
$141,000
$142,000
$143,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
7.69%
0.71%
0.71%
0.70%
0.57%
6.83%
6.29%
12.96%
12.74%
September
October
November
December
$149,000
$150,000
$151,000
$152,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.68%
0.67%
0.67%
0.66%
0.85%
10.21%
9.87%
17.62%
12.32%
September
October
November
December
$164,000
$165,000
$166,000
$167,000
$100
$100
$100
$100
$10
$10
$10
$10
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.67%
0.67%
0.67%
0.66%
-0.56%
-6.69%
-7.19%
0.11%
8.94%
September
October
November
December
$158,000
$157,000
$156,000
$155,000
$100
$100
$100
$100
$10
$10
$10
$10
$90
$90
$90
$90
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-0.57%
-0.57%
-0.57%
-0.58%
0.70%
8.34%
-100.00%
11.62%
8.15%
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input

0.00%
Need Input
7.09%
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input

Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input

0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
September
0.00%
Need Input
Need Input
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
September
0.00%
Need Input
Need Input
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
September
0.00%
Need Input
Need Input
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
Need Input
Need Input
0.00%
Need Input
Need Input
September
October
November
December
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0.00%
0.00%
0.00%
0.00%
year until the portfolio is totally liquidated.
Annual Totals
$4,167
$417
$3,750
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$1,200
$120
$1,080
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$800
$80
$720
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$700
$70
$630
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$1,200
$120
$1,080
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$1,200
$120
$1,080
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$400
$40
$360
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Annual Totals
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investment Manageme
F
For
$0
For the next
$250,001
For the next
$500,001
For the next
$750,001
For
$1,000,001
Last Name
First Name
Account Number
Gotbucks
John
Gotbucks Sr.
John
Gotbucks Jr.
John
Gotbucks, III
John
Gotbucks, IV
John
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
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:
Management Fee Calculator with Performance Fees

Five-Tiered Fee Schedule
up to
$250,000
the annual percentage is
up to
$500,000
up to
$750,000
up to
$1,000,000
and over,
Input Account
Input BOY Account Withdrawals During
Value
the Year (Don't input
negative numbers)
Input Account
Contributions
During the Year
$1,000,000
$2,000
$1,000
$1,000,000
$10,000
$20,000
$2,000,000
$2,000
$1,000
$2,000,000
$20,000
$10,000
$1,000,000
$1,000
$2,000
$7,000,000
$35,000
$34,000
BOY Account
Values
Account
Withdrawals During
the Year
Account
Contributions
During the Year
h Performance Fees
e annual percentage is
2.00%
1.75%
1.50%
1.25%
1.00%
Performance Fee:
20.0%
Hurdle Rate:
4.0%
Basis Applied to Fee

Regular Annual
Calculations
(BOY
Input EOY Account
Management Fee
Withdrawals +
Value
(Basis is column J, value
Contributions = EOY
Basis)
calculated on column I)
$1,500,000
$999,000
$21,250
$2,000,000
$1,010,000
$26,250
$2,500,000
$1,999,000
$31,250
$2,500,000
$1,990,000
$31,250
$1,500,000
$1,001,000
$21,250
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$10,000,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$6,999,000
$131,250
EOY Account
Values

Calculations
Regular Annual
Management Fees
Effective Fee Rate

Before Performance
Fees (K / I)
EOY Account Value

After Regular
Annual
Management Fee (I -
Input High-Water
Mark
K)
1.42%
$1,478,750
$1,000,000
1.31%
$1,973,750
$1,500,000
1.25%
$2,468,750
$1,700,000
1.25%
$2,468,750
$2,000,000
1.42%
$1,478,750
$1,100,000
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
$9,868,750
EOY Account
Values After
Regular Annual
Management Fees
Amount
Performance Fee of
16% is Applied to
(O - Q)
Current Year's
Performance Fee
Total Regular
Annual
Management Fee
Plus Performance
Fee (K + S)
$478,750
$76,600
$97,850
$473,750
$75,800
$102,050
$768,750
$123,000
$154,250
$468,750
$75,000
$106,250
$378,750
$60,600
$81,850
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$411,000
$542,250
Current Year's
Performance Fees
Total Regular
Annual
Management Fee
Plus Performance
Fees
Effective Fee Rate

after Performance
Fees (U / I)
New BOY HighWater Mark (O - S)
6.52%
$1,402,150
5.10%
$1,897,950
6.17%
$2,345,750
4.25%
$2,393,750
5.46%
$1,418,150
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
Investment Manageme
F
For
$0
For the next
$250,001
For the next
$500,001
For
$750,001
Last Name
First Name
Account Number
Gotbucks
John
Gotbucks Sr.
John
Gotbucks Jr.
John
Gotbucks, III
John
Gotbucks, IV
John
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
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:

Four-Tiered Fee Schedule
up to
$250,000
up to
$500,000
up to
$750,000
and over,
Input Account
Value
negative numbers)
Input Account
Contributions
During the Year
$1,000,000
$2,000
$1,000
$1,000,000
$10,000
$20,000
$2,000,000
$2,000
$1,000
$2,000,000
$20,000
$10,000
$1,000,000
$1,000
$2,000
$7,000,000
$35,000
$34,000
BOY Account
Values
Account
Withdrawals During
the Year
Account
Contributions
During the Year
h Performance Fees
2.00%
1.75%
1.50%
1.00%
Performance Fee:
20.0%
Hurdle Rate:
4.0%

Regular Annual
Calculations
(BOY
Input EOY Account
Management Fee
Withdrawals +
Value
Contributions = EOY
Basis)
$1,500,000
$999,000
$20,625
$2,000,000
$1,010,000
$25,625
$2,500,000
$1,999,000
$30,625
$2,500,000
$1,990,000
$30,625
$1,500,000
$1,001,000
$20,625
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$10,000,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$6,999,000
$128,125
EOY Account
Values

Calculations
Regular Annual
Management Fees
Effective Fee Rate

Before Performance
Fees (K / I)
EOY Account Value

After Regular
Annual
Management Fee (I -
Input High-Water
Mark
K)
1.37%
$1,479,375
$1,000,000
1.28%
$1,974,375
$1,500,000
1.22%
$2,469,375
$1,700,000
1.22%
$2,469,375
$2,000,000
1.37%
$1,479,375
$1,100,000
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
$9,871,875
EOY Account
Values After
Regular Annual
Management Fees
Amount
Performance Fee of
16% is Applied to
(O - Q)
Current Year's
Performance Fee
Total Regular
Annual
Management Fee
Plus Performance
Fee (K + S)
$479,375
$76,700
$97,325
$474,375
$75,900
$101,525
$769,375
$123,100
$153,725
$469,375
$75,100
$105,725
$379,375
$60,700
$81,325
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$411,500
$539,625
Current Year's
Performance Fees
Total Regular
Annual
Management Fee
Plus Performance
Fees
Effective Fee Rate

after Performance
Fees (U / I)
6.49%
$1,402,675
5.08%
$1,898,475
6.15%
$2,346,275
4.23%
$2,394,275
5.42%
$1,418,675
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
Investment Manageme
T
For
$0
For the next
$250,001
For
$500,001
Last Name
First Name
Account Number
Gotbucks
John
Gotbucks Sr.
John
Gotbucks Jr.
John
Gotbucks, III
John
Gotbucks, IV
John
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
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:

Three-Tiered Fee Schedule
up to
$250,000
up to
$500,000
and over,
Input Account
Value
negative numbers)
Input Account
Contributions
During the Year
$1,000,000
$2,000
$1,000
$1,000,000
$10,000
$20,000
$2,000,000
$2,000
$1,000
$2,000,000
$20,000
$10,000
$1,000,000
$1,000
$2,000
$7,000,000
$35,000
$34,000
BOY Account
Values
Account
Withdrawals During
the Year
Account
Contributions
During the Year
h Performance Fees
2.00%
1.50%
1.00%
Performance Fee:
20.0%
Hurdle Rate:
4.0%

Regular Annual
Input EOY Account Calculations (BOY Management Fee
Withdrawals +
Value
Contributions = EOY
Basis)
$1,500,000
$999,000
$3,750
$2,000,000
$1,010,000
$3,750
$2,500,000
$1,999,000
$3,750
$2,500,000
$1,990,000
$3,750
$1,500,000
$1,001,000
$3,750
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$10,000,000
$6,999,000
$18,750
EOY Account
Values

Calculations
Regular Annual
Management Fees
Effective Fee Rate

Before Performance
Fees (K / I)
EOY Account Value

After Regular
Annual
Management Fee (I -
Input High-Water
Mark
K)
0.25%
$1,496,250
$1,000,000
0.19%
$1,996,250
$1,500,000
0.15%
$2,496,250
$1,700,000
0.15%
$2,496,250
$2,000,000
0.25%
$1,496,250
$1,100,000
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
$9,981,250
EOY Account
Values After
Regular Annual
Management Fees
Amount
Performance Fee of
16% is Applied to
(O - Q)
Current Year's
Performance Fee
Total Regular
Annual
Management Fee
Plus Performance
Fee (K + S)
$496,250
$79,400
$83,150
$496,250
$79,400
$83,150
$796,250
$127,400
$131,150
$496,250
$79,400
$83,150
$396,250
$63,400
$67,150
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$429,000
$447,750
Current Year's
Performance Fees
Total Regular
Annual
Management Fee
Plus Performance
Fees
Effective Fee Rate

after Performance
Fees (U / I)
5.54%
$1,416,850
4.16%
$1,916,850
5.25%
$2,368,850
3.33%
$2,416,850
4.48%
$1,432,850
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
Investment Manageme
T
For
$0
For
$250,001
Last Name
First Name
Account Number
Gotbucks
John
Gotbucks Sr.
John
Gotbucks Jr.
John
Gotbucks, III
John
Gotbucks, IV
John
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
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:

Two-Tiered Fee Schedule
up to
$250,000
and over,
Input Account
Value
negative numbers)
Input Account
Contributions
During the Year
$1,000,000
$2,000
$1,000
$1,000,000
$10,000
$20,000
$2,000,000
$2,000
$1,000
$2,000,000
$20,000
$10,000
$1,000,000
$1,000
$2,000
$7,000,000
$35,000
$34,000
BOY Account
Values
Account
Withdrawals During
the Year
Account
Contributions
During the Year
h Performance Fees
2.00%
1.00%
Performance Fee:
20.0%
Hurdle Rate:
4.0%

Regular Annual
Calculations
(BOY
Input EOY Account
Management Fee
Withdrawals +
Value
Contributions = EOY
Basis)
$1,500,000
$999,000
$17,500
$2,000,000
$1,010,000
$22,500
$2,500,000
$1,999,000
$27,500
$2,500,000
$1,990,000
$27,500
$1,500,000
$1,001,000
$17,500
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$10,000,000
$6,999,000
$112,500
EOY Account
Values

Calculations
Regular Annual
Management Fees
Effective Fee Rate

Before Performance
Fees (K / I)
EOY Account Value

After Regular
Annual
Management Fee (I -
Input High-Water
Mark
K)
1.17%
$1,482,500
$1,000,000
1.12%
$1,977,500
$1,500,000
1.10%
$2,472,500
$1,700,000
1.10%
$2,472,500
$2,000,000
1.17%
$1,482,500
$1,100,000
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
$9,887,500
EOY Account
Values After
Regular Annual
Management Fees
Amount
Performance Fee of
16% is Applied to
(O - Q)
Current Year's
Performance Fee
Total Regular
Annual
Management Fee
Plus Performance
Fee (K + S)
$482,500
$77,200
$94,700
$477,500
$76,400
$98,900
$772,500
$123,600
$151,100
$472,500
$75,600
$103,100
$382,500
$61,200
$78,700
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$414,000
$526,500
Current Year's
Performance Fees
Total Regular
Annual
Management Fee
Plus Performance
Fees
Effective Fee Rate

after Performance
Fees (U / I)
6.31%
$1,405,300
4.94%
$1,901,100
6.04%
$2,348,900
4.12%
$2,396,900
5.25%
$1,421,300
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
Investment Ma
Five-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
For
$0
For the next
$100,001
For the next
$500,001
For the next
$750,001
For
$1,000,001
Last Name
First Name
Account Number
Sample
Sample
Sample
Sample
Sample
Joe
John
Mary
Sue
Name
x
y
z
w
y
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:
estment Management Fee Calculator

Five-Tiered Fee Schedule
up to
$100,000
up to
$500,000
up to
$750,000
up to
$1,000,000
and over,
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
$50,000.00
$150,000.00
$250,000.00
$750,000.00
$1,500,000.00
$750.00
$187.50
$62.50
$2,124.99
$531.25
$177.08
$3,374.99
$843.75
$281.25
$8,999.97
$2,249.99
$750.00
$13,374.97
$3,343.74
$1,114.58
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$2,700,000.00
$28,624.91
$7,156.23
$2,385.41
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
1.50%
1.25%
1.00%
0.75%
0.50%
Weekly Fee
(annual / 52)
Daily Fee
Account Value After
(annual / 365.25)
Annual Fees
$14.42
$2.05
$49,250.00
$40.87
$5.82
$147,875.01
$64.90
$9.24
$246,625.01
$173.08
$24.64
$741,000.03
$257.21
$36.62
$1,486,625.04
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$550.48
$78.37
$2,671,375.09
Weekly Fee (annual Daily Fee (annual /

/ 52)
365.25)
Account Value After

Annual Fees
Investment Ma
Four
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
For
$0
For the next
$100,001
For the next
$500,001
For
$1,000,001
Last Name
First Name
Account Number
Sample
Sample
Sample
Sample
Sample
Joe
John
Mary
Sue
Name
x
y
z
w
y
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:

Four-Tiered Fee Schedule
up to
$100,000
up to
$500,000
up to
$1,000,000
and over,
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
$50,000.00
$150,000.00
$250,000.00
$750,000.00
$1,500,000.00
$750.00
$187.50
$62.50
$2,124.99
$531.25
$177.08
$3,374.99
$843.75
$281.25
$8,999.98
$2,249.99
$750.00
$15,249.97
$3,812.49
$1,270.83
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$2,700,000.00
$30,499.92
$7,624.98
$2,541.66
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
1.50%
1.25%
1.00%
0.75%
Weekly Fee
(annual / 52)
Daily Fee
Account Value After
(annual / 365.25)
Annual Fees
$14.42
$2.05
$49,250.00
$40.87
$5.82
$147,875.01
$64.90
$9.24
$246,625.01
$173.08
$24.64
$741,000.02
$293.27
$41.75
$1,484,750.03
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$586.54
$83.50
$2,669,500.08

/ 52)
365.25)
Account Value After

Annual Fees
Investment Ma
Three
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
For
$0
For the next
$500,001
For
$1,000,001
Last Name
First Name
Account Number
Sample
Sample
Sample
Sample
Sample
Joe
John
Mary
Sue
Name
x
y
z
w
y
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:

Three-Tiered Fee Schedule
up to
$500,000
up to
$1,000,000
and over,
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
$50,000.00
$150,000.00
$250,000.00
$750,000.00
$1,500,000.00
$750.00
$187.50
$62.50
$2,250.00
$562.50
$187.50
$3,750.00
$937.50
$312.50
$10,624.99
$2,656.25
$885.42
$18,749.98
$4,687.49
$1,562.50
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$2,700,000.00
$36,124.97
$9,031.24
$3,010.41
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
1.50%
1.25%
1.00%
Weekly Fee
(annual / 52)
Daily Fee
Account Value After
(annual / 365.25)
Annual Fees
$14.42
$2.05
$49,250.00
$43.27
$6.16
$147,750.00
$72.12
$10.27
$246,250.00
$204.33
$29.09
$739,375.01
$360.58
$51.33
$1,481,250.02
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$694.71
$98.90
$2,663,875.04

/ 52)
365.25)
Account Value After

Annual Fees
Investment Ma
Two-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
For
$0
For
$500,001
Last Name
First Name
Account Number
Sample
Sample
Sample
Sample
Sample
Joe
John
Mary
Sue
Name
x
y
z
w
y
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
Totals:

Two-Tiered Fee Schedule
up to
$500,000
and over,
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
$50,000.00
$150,000.00
$250,000.00
$750,000.00
$1,500,000.00
$625.00
$156.25
$52.08
$1,875.00
$468.75
$156.25
$3,125.00
$781.25
$260.42
$8,124.99
$2,031.25
$677.08
$13,749.99
$3,437.50
$1,145.83
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$2,700,000.00
$27,499.99
$6,875.00
$2,291.67
Account Value
Annual Fee
Quarterly Fee
(annual / 4)
Monthly Fee
(annual / 12)
1.25%
0.75%
Weekly Fee
(annual / 52)
Daily Fee
Account Value After
(annual / 365.25)
Annual Fees
$12.02
$1.71
$49,375.00
$36.06
$5.13
$148,125.00
$60.10
$8.56
$246,875.00
$156.25
$22.25
$741,875.01
$264.42
$37.65
$1,486,250.01
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$528.85
$75.29
$2,672,500.02

/ 52)
365.25)
Account Value After

Annual Fees
Inflation Adjusting Income Stream Generator

For Determining an Inflation Adjusted Income Stream From a Lump
Sum Over a Certain Time Frame. AKA: Systematic Withdrawal Plan
Distributions Occur At the End of Every Year
Age Year # Year
Client Name:
Sample
Asset Name:
Investments
Current Year:
2014
Age Income Starts:
60
Age Income Stops:
104
Beginning Value:
$100,000
Inflation Rate:
3.0%
Rate of Return:
10.0%
Average Tax Rate:
20.0%
Inflation Adjusted Rate:
6.80%
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
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
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
Maximum
Pre-Tax
Annual
Income
Generated
Taxes
$7,324
$7,544
$7,770
$8,003
$8,243
$8,491
$8,745
$9,008
$9,278
$9,556
$9,843
$10,138
$10,442
$10,756
$11,078
$11,411
$11,753
$12,105
$12,469
$12,843
$13,228
$13,625
$14,034
$14,455
$14,888
$15,335
$15,795
$16,269
$16,757
$1,465
$1,509
$1,554
$1,601
$1,649
$1,698
$1,749
$1,802
$1,856
$1,911
$1,969
$2,028
$2,088
$2,151
$2,216
$2,282
$2,351
$2,421
$2,494
$2,569
$2,646
$2,725
$2,807
$2,891
$2,978
$3,067
$3,159
$3,254
$3,351
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
$17,259
$17,777
$18,311
$18,860
$19,426
$20,008
$20,609
$21,227
$21,864
$22,520
$23,195
$23,891
$24,608
$25,346
$26,106
$14,999
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,452
$3,555
$3,662
$3,772
$3,885
$4,002
$4,122
$4,245
$4,373
$4,504
$4,639
$4,778
$4,922
$5,069
$5,221
$3,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
132
133
134
73
74
75
2086
2087
2088
$0
$0
$0
$0
$0
$0
After-tax
Annual
Income
End of Year
Principal
Value
$5,859
$6,035
$6,216
$6,402
$6,595
$6,792
$6,996
$7,206
$7,422
$7,645
$7,874
$8,110
$8,354
$8,604
$8,863
$9,128
$9,402
$9,684
$9,975
$10,274
$10,582
$10,900
$11,227
$11,564
$11,911
$12,268
$12,636
$13,015
$13,405
$102,676
$105,313
$107,984
$110,688
$113,419
$116,174
$118,948
$121,734
$124,526
$127,317
$130,097
$132,858
$135,589
$138,277
$140,909
$143,470
$145,942
$148,307
$150,543
$152,626
$154,531
$156,228
$157,685
$158,864
$159,728
$160,230
$160,322
$159,949
$159,051
Capital vs. Income

$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
$60,0000.0000
-0.0009
0.0000
0.0000
0.0000
0.0000
0.0000
$40,000
$20,000
$0
Taxes
Maximum Pre-Tax Annual Income Gener
$13,808
$14,222
$14,648
$15,088
$15,541
$16,007
$16,487
$16,982
$17,491
$18,016
$18,556
$19,113
$19,686
$20,277
$20,885
$11,999
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$157,562
$155,407
$152,505
$148,766
$144,090
$138,368
$131,479
$123,288
$113,648
$102,397
$89,354
$74,323
$57,084
$37,397
$14,999
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
vs. Income
-0.0021
mum Pre-Tax Annual Income Generated
Asset's Name
Asset's Value
Income
Frequency
Bond #1
$100,000
Bond #2
$100,000
Bond #3
$100,000
Bond #4
$100,000
Bond #5
$100,000
Bond #6
$100,000
Bond #7
$100,000
Bond #8
$100,000
11
Bond #9
$100,000
12
Bond #10
$100,000
13
Bond #11
$100,000
14
Bond #12
$100,000
16
Bond #13
$100,000
17
Bond #14
$100,000
18
Bond #15
$100,000
19
Bond #16
$100,000
21
Bond #17
$100,000
22
Bond #18
$100,000
23
Bond #19
$100,000
24
Bond #20
$100,000
Bond #21
$100,000
10
15
20
25
26
27
Bond #22
$100,000
28
Bond #23
$100,000
29
Bond #24
$100,000
31
Bond #25
$100,000
32
Bond #26
$100,000
33
Bond #27
$100,000
34
Bond #28
$100,000
36
Bond #29
$100,000
37
Bond #30
$100,000
38
Bond #31
$100,000
39
Bond #32
$100,000
41
Bond #33
$100,000
42
Bond #34
$100,000
43
Bond #35
$100,000
44
Bond #36
$100,000
46
Bond #37
$100,000
47
Bond #38
$100,000
48
Bond #39
$100,000
49
Bond #40
$100,000
51
Bond #41
$100,000
52
Bond #42
$100,000
53
Bond #43
$100,000
54
Bond #44
$100,000
56
Bond #45
$100,000
57
Bond #46
$100,000
58
Bond #47
$100,000
30
35
40
45
50
55
59
Bond #48
$100,000
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Total:
$4,800,000
Portfolio Yield and

First Month of
the Year to
Estimated
Annual
Yield
Receive
Income
January's
Income
February's
Income
March's Income April's Income
Jan
10.00%
$833
$833
$833
$833
Jan
10.00%
$2,500
$0
$0
$2,500
Jan
10.00%
$5,000
$0
$0
$0
Jan
10.00%
$10,000
$0
$0
$0
$0
$0
$0
$0
Feb
10.00%
$833
$833
$833
$833
Feb
10.00%
$0
$2,500
$0
$0
Feb
10.00%
$0
$5,000
$0
$0
Feb
10.00%
$0
$10,000
$0
$0
$0
$0
$0
$0
Mar
10.00%
$833
$833
$833
$833
Mar
10.00%
$0
$0
$2,500
$0
Mar
10.00%
$0
$0
$5,000
$0
Mar
10.00%
$0
$0
$10,000
$0
$0
$0
$0
$0
Apr
10.00%
$833
$833
$833
$833
Apr
10.00%
$2,500
$0
$0
$2,500
Apr
10.00%
$0
$0
$0
$5,000
Apr
10.00%
$0
$0
$0
$10,000
$0
$0
$0
$0
May
10.00%
$833
$833
$833
$833
May
10.00%
$0
$2,500
$0
$0
May
10.00%
$0
$0
$0
$0
May
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
Jun
10.00%
Jun
10.00%
$0
$0
$2,500
$0
Jun
10.00%
$0
$0
$0
$0
Jun
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
Jul
10.00%
$833
$833
$833
$833
Jul
10.00%
$2,500
$0
$0
$2,500
Jul
10.00%
$5,000
$0
$0
$0
Jul
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
Aug
10.00%
$833
$833
$833
$833
Aug
10.00%
$0
$2,500
$0
$0
Aug
10.00%
$0
$5,000
$0
$0
Aug
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
Sep
10.00%
$833
$833
$833
$833
Sep
10.00%
$0
$0
$2,500
$0
Sep
10.00%
$0
$0
$5,000
$0
Sep
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
Oct
10.00%
$833
$833
$833
$833
Oct
10.00%
$2,500
$0
$0
$2,500
Oct
10.00%
$0
$0
$0
$5,000
Oct
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
Nov
10.00%
$833
$833
$833
$833
Nov
10.00%
$0
$2,500
$0
$0
Nov
10.00%
$0
$0
$0
$0
Nov
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
Dec
10.00%
$833
$833
$833
$833
Dec
10.00%
$0
$0
$2,500
$0
Dec
10.00%
$0
$0
$0
$0
Dec
10.00%
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Totals:
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$40,000
$40,000
$40,000
$40,000
rtfolio Yield and Paycheck Estimator

August's Income September's Income
October's
Income
May's Income
June's Income
July's Income
$833
$833
$833
$833
$833
$833
$0
$0
$2,500
$0
$0
$2,500
$0
$0
$5,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$2,500
$0
$0
$2,500
$0
$0
$0
$0
$0
$5,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$0
$2,500
$0
$0
$2,500
$0
$0
$0
$0
$0
$5,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$0
$0
$2,500
$0
$0
$2,500
$0
$0
$0
$0
$0
$5,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$2,500
$0
$0
$2,500
$0
$0
$5,000
$0
$0
$0
$0
$0
$10,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$0
$2,500
$0
$0
$2,500
$0
$0
$5,000
$0
$0
$0
$0
$0
$10,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$0
$0
$2,500
$0
$0
$2,500
$0
$0
$5,000
$0
$0
$0
$0
$0
$10,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$2,500
$0
$0
$2,500
$0
$0
$0
$0
$0
$5,000
$0
$0
$0
$0
$0
$10,000
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$0
$2,500
$0
$0
$2,500
$0
$0
$0
$0
$0
$5,000
$0
$0
$0
$0
$0
$10,000
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$0
$0
$2,500
$0
$0
$2,500
$0
$0
$0
$0
$0
$5,000
$0
$0
$0
$0
$0
$10,000
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$2,500
$0
$0
$2,500
$0
$0
$5,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$833
$833
$833
$833
$833
$833
$0
$2,500
$0
$0
$2,500
$0
$0
$5,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$40,000
$40,000
$40,000
$40,000
$40,000
$40,000
Estimated Daily
Estimated
Paycheck from Weekly Paycheck
this Asset
from this Asset
Estimated
Monthly
Paycheck from
this Asset
Estimated SemiAnnual Paycheck

from this Asset
November's Income
December's
Income
$833
$833
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$2,500
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$0
$2,500
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$2,500
$0
$27.38
$192.31
$833
$5,000
$5,000
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$0
$2,500
$27.38
$192.31
$833
$5,000
$0
$5,000
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$2,500
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$0
$2,500
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$2,500
$0
$27.38
$192.31
$833
$5,000
$5,000
$0
$27.38
$192.31
$833
$5,000
$10,000
$0
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$833
$833
$27.38
$192.31
$833
$5,000
$0
$2,500
$27.38
$192.31
$833
$5,000
$0
$5,000
$27.38
$192.31
$833
$5,000
$0
$10,000
$27.38
$192.31
$833
$5,000
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$0
$0
$0.00
$0.00
$0
$0
$40,000
$40,000
$1,314.17
$9,230.77
$40,000
$240,000
Estimated
This Asset's % of
Annual Paycheck
Total Portfolio
from this Asset
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$10,000
2.08%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$0
0.00%
$480,000
100%
Minimum Distribution Calculator for IRA Ow

Uniform Lifetime Table For IRA Owners
For Use by Unmarried Owners & Owners Whose Spouses are Not More than 10
$400,000
2014
John Sample
58
Current Value of IRA

Current Year
Client Name
IRA Owner's Current Age
20.0%
Tax Rate Used to Compute Taxes
6.00%
IRA's Annual Rate of Return
Age Each Year
Year Number
Year
Asset Value at the

Beginning of the
Year
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
$400,000
$424,000
$449,440
$476,406
$504,991
$535,290
$567,408
$601,452
$637,539
$675,792
$716,339
$759,319
$804,879
$822,034
$838,474
$854,065
$868,656
$882,088
$894,183
$904,750
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
$913,798
$920,910
$926,105
$929,176
$929,902
$928,053
$923,385
$915,640
$904,999
$891,263
$874,236
$853,723
$829,534
$802,174
$771,572
$737,684
$700,492
$660,926
$619,119
$575,245
$529,528
$482,244
$434,883
$387,805
$341,400
$296,087
$253,496
$213,868
$176,322
$142,401
$112,241
$86,820
$64,962
$46,647
$32,395
$21,132
$13,066
$7,255
$3,643
$0
$0
$0
$0
121
122
123
124
125
126
127
128
64
65
66
67
68
69
70
71
2077
2078
2079
2080
2081
2082
2083
2084
$0
$0
$0
$0
$0
$0
$0
$0
lculator for IRA Owners
Minimum Distribution C
le For IRA Owners

Spouses are Not More than 10 Years Younger
Single Life Ex
To be used for calculating post
Designated beneficiaries use this single life expec
$100,000
25
2014
John Sample
20.0%
10.00%
Annual Age 70.5
IRS Required
Minimum
Distributions
Taxes Due on
Minimum
Distributions
Asset Value at the

End of the Year
(after distribution)
Age Each Year
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$29,375
$31,020
$32,753
$34,578
$36,498
$38,519
$40,645
$42,677
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$5,875
$6,204
$6,551
$6,916
$7,300
$7,704
$8,129
$8,535
$424,000
$449,440
$476,406
$504,991
$535,290
$567,408
$601,452
$637,539
$675,792
$716,339
$759,319
$804,879
$822,034
$838,474
$854,065
$868,656
$882,088
$894,183
$904,750
$913,798
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
$45,015
$47,226
$49,524
$51,909
$54,380
$56,936
$59,573
$61,868
$64,184
$66,512
$68,838
$71,144
$72,766
$74,275
$75,644
$76,842
$76,977
$76,852
$76,434
$75,690
$74,581
$71,977
$69,029
$65,730
$62,073
$56,940
$51,734
$47,526
$41,981
$36,513
$30,335
$25,535
$20,955
$16,085
$12,460
$8,805
$6,222
$3,818
$3,643
$0
$0
$0
$0
$9,003
$9,445
$9,905
$10,382
$10,876
$11,387
$11,915
$12,374
$12,837
$13,302
$13,768
$14,229
$14,553
$14,855
$15,129
$15,368
$15,395
$15,370
$15,287
$15,138
$14,916
$14,395
$13,806
$13,146
$12,415
$11,388
$10,347
$9,505
$8,396
$7,303
$6,067
$5,107
$4,191
$3,217
$2,492
$1,761
$1,244
$764
$729
$0
$0
$0
$0
$920,910
$926,105
$929,176
$929,902
$928,053
$923,385
$915,640
$904,999
$891,263
$874,236
$853,723
$829,534
$802,174
$771,572
$737,684
$700,492
$660,926
$619,119
$575,245
$529,528
$482,244
$434,883
$387,805
$341,400
$296,087
$253,496
$213,868
$176,322
$142,401
$112,241
$86,820
$64,962
$46,647
$32,395
$21,132
$13,066
$7,255
$3,643
$0
$0
$0
$0
$0
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
um Distribution Calculator for Inherited IRA Beneficiaries
Single Life Expectancy Table for Inherited IRAs

sed for calculating post-death required distributions to single beneficiaries
aries use this single life expectancy table based on their age in the year
Current Value of IRA

Beneficiaries Age at IRA Ownership
Current Year
Client Name
IRA's Annual Rate of Return
Year
Asset Value at the

Beginning of the
Year
Annual Age 70.5

IRS Required
Minimum
Distributions
Taxes Due on
Minimum
Distributions
Asset Value at the

End of the Year
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
$0
$0
$0
$0
$0
$100,000
$108,110
$116,842
$126,239
$136,352
$147,225
$158,909
$171,464
$184,941
$199,399
$214,899
$231,514
$249,305
$268,337
$288,698
$310,448
$333,660
$358,431
$384,819
$412,900
$442,778
$474,503
$508,181
$543,891
$581,662
$621,599
$663,766
$708,216
$754,919
$803,965
$855,366
$909,115
$965,183
$1,023,647
$1,084,308
$1,147,040
$1,211,675
$1,278,217
$0
$0
$0
$0
$0
$1,718
$1,890
$2,079
$2,283
$2,511
$2,762
$3,033
$3,336
$3,669
$4,036
$4,431
$4,874
$5,361
$5,885
$6,473
$7,120
$7,814
$8,595
$9,455
$10,374
$11,412
$12,520
$13,735
$15,108
$16,572
$18,175
$19,933
$21,926
$24,042
$26,360
$28,898
$31,676
$34,594
$37,913
$41,544
$45,517
$49,659
$54,392
$0
$0
$0
$0
$0
$344
$378
$416
$457
$502
$552
$607
$667
$734
$807
$886
$975
$1,072
$1,177
$1,295
$1,424
$1,563
$1,719
$1,891
$2,075
$2,282
$2,504
$2,747
$3,022
$3,314
$3,635
$3,987
$4,385
$4,808
$5,272
$5,780
$6,335
$6,919
$7,583
$8,309
$9,103
$9,932
$10,878
$0
$0
$0
$0
$0
$108,110
$116,842
$126,239
$136,352
$147,225
$158,909
$171,464
$184,941
$199,399
$214,899
$231,514
$249,305
$268,337
$288,698
$310,448
$333,660
$358,431
$384,819
$412,900
$442,778
$474,503
$508,181
$543,891
$581,662
$621,599
$663,766
$708,216
$754,919
$803,965
$855,366
$909,115
$965,183
$1,023,647
$1,084,308
$1,147,040
$1,211,675
$1,278,217
$1,346,208
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
$1,346,208
$1,415,594
$1,485,724
$1,556,473
$1,627,362
$1,697,825
$1,767,198
$1,834,709
$1,899,464
$1,961,225
$2,018,164
$2,069,982
$2,115,492
$2,153,381
$2,182,206
$2,202,044
$2,209,771
$2,205,679
$2,188,379
$2,159,051
$2,113,971
$2,054,977
$1,981,404
$1,892,762
$1,788,793
$1,673,990
$1,549,105
$1,415,199
$1,273,680
$1,131,615
$990,741
$852,899
$720,005
$598,833
$485,370
$385,600
$299,407
$223,106
$160,790
$111,362
$73,499
$45,697
$26,330
$59,304
$64,935
$70,749
$77,053
$83,885
$91,281
$99,281
$107,924
$116,532
$126,531
$136,362
$146,807
$157,873
$169,558
$180,348
$193,162
$204,608
$216,243
$225,606
$237,258
$245,811
$253,701
$260,711
$266,586
$266,984
$265,713
$262,560
$257,309
$244,938
$230,942
$215,378
$198,348
$175,611
$157,588
$134,825
$113,412
$96,583
$76,933
$59,552
$44,545
$31,956
$21,761
$13,858
$11,861
$12,987
$14,150
$15,411
$16,777
$18,256
$19,856
$21,585
$23,306
$25,306
$27,272
$29,361
$31,575
$33,912
$36,070
$38,632
$40,922
$43,249
$45,121
$47,452
$49,162
$50,740
$52,142
$53,317
$53,397
$53,143
$52,512
$51,462
$48,988
$46,188
$43,076
$39,670
$35,122
$31,518
$26,965
$22,682
$19,317
$15,387
$11,910
$8,909
$6,391
$4,352
$2,772
$1,415,594
$1,485,724
$1,556,473
$1,627,362
$1,697,825
$1,767,198
$1,834,709
$1,899,464
$1,961,225
$2,018,164
$2,069,982
$2,115,492
$2,153,381
$2,182,206
$2,202,044
$2,209,771
$2,205,679
$2,188,379
$2,159,051
$2,113,971
$2,054,977
$1,981,404
$1,892,762
$1,788,793
$1,673,990
$1,549,105
$1,415,199
$1,273,680
$1,131,615
$990,741
$852,899
$720,005
$598,833
$485,370
$385,600
$299,407
$223,106
$160,790
$111,362
$73,499
$45,697
$26,330
$13,719
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
$13,719
$6,214
$2,279
$716
$131
$13
$0
$0
$0
$0
$8,070
$4,143
$1,628
$597
$119
$13
$0
$0
$0
$0
$1,614
$829
$326
$119
$24
$3
$0
$0
$0
$0
$6,214
$2,279
$716
$131
$13
$0
$0
$0
$0
$0
IRS 72(t) Tax-Qualified Plan Early Distribution Ca

Life Expectancy Tables Method
$100,000
John Sample
55
2014
Current Value of Tax-Qualified Plan

Using Single Life Table,
Client name
start until age 70, and Joint Tables
Current Year
15.0%
6.00%
Annual Rate of Return
Age Each Year
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Uniform Life Table doesn't
Age when Distributions Begin
Year
are near impossible to program
Asset Value at the

Beginning of the
Year
Annual
Distributions
Taxes Due on
Distributions
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
2014
2015
2016
2017
2018
2019
2020
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$100,000
$102,419
$104,781
$107,087
$109,308
$111,428
$113,426
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,378
$3,569
$3,756
$3,966
$4,188
$4,422
$4,649
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$507
$535
$563
$595
$628
$663
$697
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
$115,304
$117,021
$118,578
$119,927
$121,069
$121,980
$122,634
$123,004
$123,059
$122,769
$122,152
$121,127
$119,720
$117,902
$115,650
$112,936
$109,819
$106,197
$102,146
$97,659
$92,847
$87,602
$82,061
$76,246
$70,186
$63,919
$57,642
$51,402
$45,251
$39,245
$33,600
$28,347
$23,516
$19,130
$15,332
$11,975
$9,168
$6,859
$4,926
$3,421
$2,283
$1,452
$870
$4,907
$5,155
$5,439
$5,711
$5,994
$6,288
$6,593
$6,910
$7,239
$7,532
$7,881
$8,184
$8,491
$8,799
$9,106
$9,334
$9,633
$9,833
$10,014
$10,068
$10,203
$10,186
$10,131
$10,032
$9,885
$9,540
$9,149
$8,712
$8,227
$7,547
$6,857
$6,162
$5,469
$4,666
$4,035
$3,326
$2,696
$2,213
$1,698
$1,267
$913
$631
$414
$736
$773
$816
$857
$899
$943
$989
$1,037
$1,086
$1,130
$1,182
$1,228
$1,274
$1,320
$1,366
$1,400
$1,445
$1,475
$1,502
$1,510
$1,530
$1,528
$1,520
$1,505
$1,483
$1,431
$1,372
$1,307
$1,234
$1,132
$1,029
$924
$820
$700
$605
$499
$404
$332
$255
$190
$137
$95
$62
105
106
107
108
109
110
111
112
113
114
115
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
$483
$243
$106
$37
$11
$2
$0
$0
$0
$0
$0
$254
$143
$71
$27
$9
$2
$0
$0
$0
$0
$0
$38
$21
$11
$4
$1
$0
$0
$0
$0
$0
$0
Under the required minimum distribution method, the annual payment for each yea
account balance, the number from the chosen life expectancy table and the resulting an
Under the fixed amortization method, the annual payment for each year is determined
rates). With this method, the account balance, the number from
Under the fixed annuitization method, the annual payment for each year is determine
taxpayer and beneficiary). The annuity factor is derived using the mortality table in A
The life expectancy tables that can be used are (1) the uniform life table in Append
How are annual, substantially equ

An example of the required distribution me
Example from the IRS website:
An example of the required distribution method using the methodologies described in

Rev. Rul. 2002-62 are set forth.
Facts:
Mr. B is the owner of an IRA from which he would like to start taking distributions
beginning in 2003. Mr. B will celebrate his 50th birthday in January 2003. Mr. B would
like to avoid the additional 10% tax imposed on early distributions under section
72(t)(1) by taking advantage of the exception in section 72(t)(2)(A)(iv) for distributions
in the form of substantially equal periodic payments.
Assumptions:
the account balance of Mr. Bs IRA is $400,000 as of December 31, 2002, and this is
the account balance (and, when applicable, the date as of which the account balance is
determined) used to calculate distributions.
120% of the federal mid-term rate for the appropriate month is assumed to be 4.5%
and, when applicable, this is the interest rate that will be used for calculations.
distributions will be over Mr. Bs life only and, where applicable, single life
expectancy will be used for calculations.
Required minimum distribution method example:
For 2003, the annual distribution amount ($11,695.91) is calculated by dividing the
December 31, 2002, account balance ($400,000) by the single life expectancy (34.2)
obtained from Q&A-1 of 1.401(a)(9)-9 of the Income Tax Regulations when an age of
50 is used.
$400,000/34.2 = $11,695.91
For subsequent years, the annual distribution amount will be calculated by dividing the
account balance as of December 31 of the prior year by the single life expectancy
obtained from the same single life expectancy table using the age attained in the year
for which distributions are calculated. For example, if Mr. B's IRA account balance,
after the 2003 distribution has been paid, is $408,304 on December 31, 2003, the annual
distribution amount for 2004 ($12,261.38) is calculated by dividing the December 31,
2003 account balance ($408,304) by the single life expectancy (33.3) obtained from
Q&A-1 of 1.401(a)(9)-9 of the Income Tax Regulations when an age of 51 is used.
$408,304/33.3 = $12,261.38
$408,304/33.3 = $12,261.38
For determining substantially equal periodic pa
od
Fixed Amortization Method Using End of Y

$100,000
gle Life Table,
John Sample
ife Table doesn't
55
70, and Joint Tables
2014
ossible to program
Current Value of Tax-Qualified Plan

Client name
Age when Distributions Begin
Current Year
15.0%
6.00%
Annual Rate of Return
Asset Value at the

End of the Year
Age Each Year
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Year
Asset Value at the

Beginning of the
Year
Annual
Distributions
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$102,419
$104,781
$107,087
$109,308
$111,428
$113,426
$115,304
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
2014
2015
2016
2017
2018
2019
2020
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$100,000
$98,699
$97,320
$95,858
$94,308
$92,665
$90,924
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$117,021
$118,578
$119,927
$121,069
$121,980
$122,634
$123,004
$123,059
$122,769
$122,152
$121,127
$119,720
$117,902
$115,650
$112,936
$109,819
$106,197
$102,146
$97,659
$92,847
$87,602
$82,061
$76,246
$70,186
$63,919
$57,642
$51,402
$45,251
$39,245
$33,600
$28,347
$23,516
$19,130
$15,332
$11,975
$9,168
$6,859
$4,926
$3,421
$2,283
$1,452
$870
$483
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
$89,078
$87,122
$85,048
$82,849
$80,519
$78,049
$75,431
$72,655
$69,714
$66,595
$63,290
$59,786
$56,072
$52,135
$47,962
$43,538
$38,850
$33,879
$28,611
$23,026
$17,107
$10,832
$4,181
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$7,301
$4,181
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$243
$106
$37
$11
$2
$0
$0
$0
$0
$0
$0
105
106
107
108
109
110
111
112
113
114
115
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Text from the IRS website
ual payment for each year is determined by dividing the account balance for that year by the number fr
able and the resulting annual payments are predetermined for each year. If this method is chosen, no m
from year to year, provided there is not a change to another metho
r each year is determined by amortizing in level amounts the account balance over a specified number o
alance, the number from the chosen life expectancy table and the resulting annual payment are determin
or each year is determined by dividing the account balance by an annuity factor that is the present valu
g the mortality table in Appendix B to Rev. Rul. 2002-62 and using the chosen interest rate. With this me
the first distribution year and the annual payment is the same am
How is life expectancy determined?

orm life table in Appendix A of Rev. Rul. 2002-62, (2) the single life expectancy table in 1.401(a)(9)
annual, substantially equal periodic payments determined for purposes of the required minimum distrib
required distribution method, an example of the fixed amortization method and an example of the fixed
hodologies described in
rt taking distributions
nuary 2003. Mr. B would
butions under section
)(A)(iv) for distributions
ber 31, 2002, and this is

h the account balance is
h is assumed to be 4.5%
sed for calculations.
pplicable, single life
ulated by dividing the

life expectancy (34.2)
gulations when an age of
alculated by dividing the

single life expectancy
age attained in the year
s IRA account balance,
ber 31, 2003, the annual
iding the December 31,
y (33.3) obtained from
en an age of 51 is used.
An example of the fixed amortization method and an example of the

methodologies described in Rev. Rul. 2002
Facts:
Mr. B is the owner of an IRA from which he would like to start takin
Mr. B will celebrate his 50th birthday in January 2003. Mr. B would
tax imposed on early distributions under section 72(t)(1) by taking
section 72(t)(2)(A)(iv) for distributions in the form of substantia
Assumptions:
the account balance of Mr. Bs IRA is $400,000 as of December 3
balance (and, when applicable, the date as of which the account b
calculate distributions.
120% of the federal mid-term rate for the appropriate month is
applicable, this is the interest rate that will be used
distributions will be over Mr. Bs life only and, where applicable, s
for calculations.
Fixed amortization method example
For 2003, the annual distribution amount will be calculated by am

($400,000) over a number of years equal to Mr. Bs single life expecta
of 1.401(a)(9)-9 of the Income Tax Regulations when an age of 50 is
to 4.5%. If an end-of-year payment is calculated, then the annual
$23,134.27. Once an annual distribution amount is calculated und
amount will be distributed under this method in su
ntially equal periodic payments from tax-qualified retirement plans to avoid paying the pre-age-59 1/2 penalty tax
Using End of Year Distributions
Annuitiz
$100,000
John Sample
55
2014
Taxes Due on
Distributions
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Asset Value at the

End of the Year
Asset Value at the
(after growth rate is
End of the Year
applied but before
distribution is
subtracted)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Current Value of Tax-Qualif

Client name
Age when Distributions Begi

Current Year
15.0%
Tax Rate Used to Compute T
5.80%
Annual Rate of Return (may
Age Each Year
Year
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$106,000
$104,621
$103,159
$101,609
$99,966
$98,225
$96,379
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$98,699
$97,320
$95,858
$94,308
$92,665
$90,924
$89,078
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
2014
2015
2016
2017
2018
2019
2020
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$1,095
$627
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$94,423
$92,349
$90,151
$87,820
$85,350
$82,732
$79,957
$77,015
$73,896
$70,591
$67,087
$63,373
$59,436
$55,263
$50,840
$46,151
$41,181
$35,912
$30,328
$24,408
$18,133
$11,482
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$87,122
$85,048
$82,849
$80,519
$78,049
$75,431
$72,655
$69,714
$66,595
$63,290
$59,786
$56,072
$52,135
$47,962
$43,538
$38,850
$33,879
$28,611
$23,026
$17,107
$10,832
$4,181
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
105
106
107
108
109
110
111
112
113
114
115
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
he IRS website:
ear by the number from the chosen life expectancy table for that year. See Rev. Rul. 2002-62
thod is chosen, no modification in the series of substantially equal periodic payments will be deemed to
ge to another method of determining the payments.
a specified number of years determined by using the chosen life expectancy table and the chosen interest
are determined once for the first distribution year and the annual payment is the same amount
at is the present value of an annuity of $1 per year beginning at the taxpayers age and continuing for th
est rate. With this method, the account balance, the annuity factor, the chosen interest rate and the resu
ment is the same amount in each succeeding year.
ectancy determined?
1.401(a)(9)-9, Q&A-1 of the Income Tax Regulations or (3) the joint life and last survivor table in
red minimum distribution method, the fixed amortization method and the fixed annuity method?
example of the fixed annuity method using the methodologies described in Rev. Rul. 2002-62 are set for
m the IRS website:
Example fro
nd an example of the fixed annuity method using the

n Rev. Rul. 2002-62 are set forth.
An example of the fixed annuity method
uld like to start taking distributions beginning in 2003.

y 2003. Mr. B would like to avoid the additional 10%
ion 72(t)(1) by taking advantage of the exception in
he form of substantially equal periodic payments.
umptions:
000 as of December 31, 2002, and this is the account
which the account balance is determined) used to
distributions.
ppropriate month is assumed to be 4.5% and, when
ate that will be used for calculations.
d, where applicable, single life expectancy will be used
alculations.
Mr. B is the owner of an IRA from wh

beginning in 2003. Mr. B will celebrate h
like to avoid the additional 10% tax i
72(t)(1) by taking advantage of the exce
in the form of substant
ion method example:
ll be calculated by amortizing the account balance

Bs single life expectancy (34.2) (obtained from Q&A-1
s when an age of 50 is used), at a rate of interest equal
ted, then the annual distribution amount in 2003 is
unt is calculated under this fixed method, the same
der this method in subsequent years.
the account balance of Mr. Bs IRA i

the account balance (and, when applica
determined) used
120% of the federal mid-term rate fo
and, when applicable, this is the inte
distributions will be over Mr. Bs
expectancy will b
Fixed annuitiza
Under this method the annual distribu

balance ($400,000) divided by the cos
dollar per year over Mr. Bs life, beginn
an annuity of one dollar a year payable
factor (17.462) is calculated based on t
2002-62 and an interest rate of 4.5%. Su
The annual distribu

$400,000/1
Once an annual distribution amount is
amount will be distributed un
-59 1/2 penalty tax
Annuitization Method
rrent Value of Tax-Qualified Plan
when Distributions Begin

Annuity Factor:
17.4620
Rate Used to Compute Taxes
nual Rate of Return (may be set to a fixed rate by the IRS)
Asset Value at the

Beginning of the
Year
Annual
Distributions
Taxes Due on
Distributions
Asset Value at the

End of the Year
(rate of return is
applied after
distribution is
subtracted)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$100,000
$99,741
$99,467
$99,177
$98,871
$98,547
$98,203
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$859
$859
$859
$859
$859
$859
$859
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$99,741
$99,467
$99,177
$98,871
$98,547
$98,203
$97,840
$97,840
$97,456
$97,050
$96,620
$96,165
$95,684
$95,174
$94,636
$94,066
$93,462
$92,824
$92,149
$91,435
$90,680
$89,880
$89,034
$88,139
$87,193
$86,191
$85,131
$84,010
$82,823
$81,568
$80,240
$78,836
$77,349
$75,776
$74,113
$72,352
$70,490
$68,519
$66,435
$64,229
$61,895
$59,427
$56,814
$54,051
$51,127
$48,033
$44,760
$41,298
$37,634
$33,758
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$5,727
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$859
$97,456
$97,050
$96,620
$96,165
$95,684
$95,174
$94,636
$94,066
$93,462
$92,824
$92,149
$91,435
$90,680
$89,880
$89,034
$88,139
$87,193
$86,191
$85,131
$84,010
$82,823
$81,568
$80,240
$78,836
$77,349
$75,776
$74,113
$72,352
$70,490
$68,519
$66,435
$64,229
$61,895
$59,427
$56,814
$54,051
$51,127
$48,033
$44,760
$41,298
$37,634
$33,758
$29,657
$29,657
$25,318
$20,728
$15,871
$10,733
$5,296
$0
$0
$0
$0
$0
$5,727
$5,727
$5,727
$5,727
$5,727
$5,296
$0
$0
$0
$0
$0
$859
$859
$859
$859
$859
$794
$0
$0
$0
$0
$0
$25,318
$20,728
$15,871
$10,733
$5,296
$0
$0
$0
$0
$0
$0
62 2.02(a) (life expectancy tables). With this method, the

nts will be deemed to occur, even if the amount of payments changes
nd the chosen interest rate. See Rev. Rul. 2002-62 2.02(a) (interest
nt is the same amount in each succeeding year.
and continuing for the life of the taxpayer (or the joint lives of the
rest rate and the resulting annual payment are determined once for
d last survivor table in 1.401(a)(9)-9, Q&A-3 of the regulations.
nnuity method?
Rul. 2002-62 are set forth.
fixed annuity method using the methodologies described in Rev. Rul.

2002-62 are set forth.
Facts:
er of an IRA from which he would like to start taking distributions
Mr. B will celebrate his 50th birthday in January 2003. Mr. B would
e additional 10% tax imposed on early distributions under section
advantage of the exception in section 72(t)(2)(A)(iv) for distributions
n the form of substantially equal periodic payments.
Assumptions:
ance of Mr. Bs IRA is $400,000 as of December 31, 2002, and this is
ce (and, when applicable, the date as of which the account balance is
determined) used to calculate distributions.
eral mid-term rate for the appropriate month is assumed to be 4.5%
plicable, this is the interest rate that will be used for calculations.
ns will be over Mr. Bs life only and, where applicable, single life
expectancy will be used for calculations.
Fixed annuitization method example:
od the annual distribution amount for 2003 is equal to the account

00) divided by the cost of an annuity factor that would provide one
er Mr. Bs life, beginning at age 50 (i.e., the actuarial present value of
dollar a year payable for the life of a 50 year old). The age 50 annuity
calculated based on the mortality table in Appendix B of Rev. Rul.
terest rate of 4.5%. Such calculations would normally be made by an
actuary.
The annual distribution amount is calculated as
$400,000/17.462 = $22,906.88
distribution amount is calculated under this fixed method, the same
will be distributed under this method in subsequent years.
Social Se
For Comparin
7.0%
<= Input the annual growth rate of the investment account (no taxes are considered).
3.0%
<= Input the annual inflation/Social Security COLA rate.
28.0%
<= Input the income tax rate on ordinary income (average not marginal).
#####
$1,021
<= Input the (estimated) monthly benefit at age 62 (annual benefit amount: $12252).
#####
$1,434
#####
$1,797
Social Security Savings Account Without Taxes
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
62
64
66
68
Benefits Starting at 62
Year #
Age
1
2
3
4
5
6
7
8
62
63
64
65
66
67
68
69
70
72
74
76
78
80
Present Value: $253,573
EOY Balance
Additions
$13,110
$12,252
$27,530
$12,620
$43,365
$12,998
$60,726
$13,388
$79,732
$13,790
$100,511
$14,203
$123,200
$14,630
$147,948
$15,068
82
84
86
EOY Balance
Additions
$18,413
$38,666
$60,907
88
Benefits Starting
$17,208
$17,724
$18,256
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
36
37
38
39
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
$174,911
$204,260
$236,176
$270,855
$308,506
$349,354
$393,638
$441,617
$493,567
$549,785
$610,589
$676,318
$747,337
$824,039
$906,841
$996,193
$1,092,575
$1,196,504
$1,308,532
$1,429,249
$1,559,291
$1,699,335
$1,850,109
$2,012,391
$2,187,017
$2,374,880
$2,576,935
$2,794,210
$3,027,800
$3,278,881
$3,548,712
$15,520
$15,986
$16,466
$16,960
$17,468
$17,992
$18,532
$19,088
$19,661
$20,251
$20,858
$21,484
$22,128
$22,792
$23,476
$24,180
$24,906
$25,653
$26,423
$27,215
$28,032
$28,873
$29,739
$30,631
$31,550
$32,496
$33,471
$34,475
$35,510
$36,575
$37,672
$85,290
$111,984
$141,168
$173,036
$207,793
$245,663
$286,884
$331,711
$380,418
$433,299
$490,669
$552,867
$620,253
$693,218
$772,176
$857,575
$949,892
$1,049,639
$1,157,367
$1,273,663
$1,399,158
$1,534,528
$1,680,497
$1,837,840
$2,007,388
$2,190,032
$2,386,725
$2,598,488
$2,826,415
$3,071,677
$3,335,531
$18,804
$19,368
$19,949
$20,547
$21,164
$21,799
$22,453
$23,126
$23,820
$24,534
$25,271
$26,029
$26,810
$27,614
$28,442
$29,295
$30,174
$31,080
$32,012
$32,972
$33,961
$34,980
$36,030
$37,111
$38,224
$39,371
$40,552
$41,768
$43,021
$44,312
$45,641
Social Security Calculators

For Comparing when to Start Collecting Benefits
This calculator, and the one to the left, is to prove that you get more money i
interest rate input into cell B5. The bottom line results a
no taxes are considered).
The calculator to the left does not consider any income taxes paid on benefi
case taxes are paid/subtracted from benefits befor
ot marginal).
benefit amount: $12252).
Input the average tax rate into cell B7 and then input each year's inclusion r
Taxes on interest is not shown because it's insig
thout Taxes
Social Security Savings With Taxe

$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
88
90
92
94
96
98
62
100
66
68
EOY Balance
Additions
64
Year #
Age
1
2
3
4
5
6
7
8
62
63
64
65
66
67
68
69
Input Annual
Tax Inclusion
Rates
85%
85%
85%
85%
85%
70
72
74
76
78
EOY Balance
Additions
$9,990
$9,336
$20,978
$9,616
$33,044
$9,905
$46,273
$10,202
$60,756
$10,508
$80,206
$14,203
$101,474
$14,630
$124,701
$15,068
Benefits Star
$23,073
$48,454
$76,325
$106,881
$140,332
$176,903
$216,837
$260,394
$307,850
$359,505
$415,679
$476,716
$542,983
$614,876
$692,818
$777,263
$868,698
$967,644
$1,074,660
$1,190,345
$1,315,343
$1,450,340
$1,596,075
$1,753,338
$1,922,975
$2,105,894
$2,303,067
$2,515,535
$2,744,413
$2,990,896
$3,256,264
$21,564
$22,211
$22,877
$23,564
$24,270
$24,999
$25,749
$26,521
$27,317
$28,136
$28,980
$29,850
$30,745
$31,667
$32,617
$33,596
$34,604
$35,642
$36,711
$37,813
$38,947
$40,115
$41,319
$42,558
$43,835
$45,150
$46,505
$47,900
$49,337
$50,817
$52,341
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
36
37
38
39
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
$150,037
$177,645
$207,698
$240,384
$275,902
$314,467
$356,309
$401,675
$450,829
$504,055
$561,658
$623,962
$691,316
$764,096
$842,702
$927,565
$1,019,143
$1,117,932
$1,224,459
$1,339,292
$1,463,036
$1,596,342
$1,739,907
$1,894,476
$2,060,847
$2,239,878
$2,432,483
$2,639,646
$2,862,417
$3,101,921
$3,359,365
$15,520
$15,986
$16,466
$16,960
$17,468
$17,992
$18,532
$19,088
$19,661
$20,251
$20,858
$21,484
$22,128
$22,792
$23,476
$24,180
$24,906
$25,653
$26,423
$27,215
$28,032
$28,873
$29,739
$30,631
$31,550
$32,496
$33,471
$34,475
$35,510
$36,575
$37,672
These calculato
ve that you get more money in the long run if you save all of your benefits at the
B5. The bottom line results are the present values in row 13.
income taxes paid on benefits. All of the rest of the calculators consider worst
btracted from benefits before the money is put to use.
In the demo, if y
savings. This inco
If the blue areas
input each year's inclusion ratio (how much is taxed) into column N each year.
not shown because it's insignificant to the results.
Security Savings With Taxes
78
80
82
84
86
88
90
92
94
96
98
100
EOY Balance
Additions
$18,413
$38,666
$60,907
EOY Balance
Additions
$17,208
$17,724
$18,256
$85,290
$111,984
$141,168
$173,036
$207,793
$245,663
$286,884
$331,711
$380,418
$433,299
$490,669
$552,867
$620,253
$693,218
$772,176
$857,575
$949,892
$1,049,639
$1,157,367
$1,273,663
$1,399,158
$1,534,528
$1,680,497
$1,837,840
$2,007,388
$2,190,032
$2,386,725
$2,598,488
$2,826,415
$3,071,677
$3,335,531
$18,804
$19,368
$19,949
$20,547
$21,164
$21,799
$22,453
$23,126
$23,820
$24,534
$25,271
$26,029
$26,810
$27,614
$28,442
$29,295
$30,174
$31,080
$32,012
$32,972
$33,961
$34,980
$36,030
$37,111
$38,224
$39,371
$40,552
$41,768
$43,021
$44,312
$45,641
$23,073
$48,454
$76,325
$106,881
$140,332
$176,903
$216,837
$260,394
$307,850
$359,505
$415,679
$476,716
$542,983
$614,876
$692,818
$777,263
$868,698
$967,644
$1,074,660
$1,190,345
$1,315,343
$1,450,340
$1,596,075
$1,753,338
$1,922,975
$2,105,894
$2,303,067
$2,515,535
$2,744,413
$2,990,896
$3,256,264
$21,564
$22,211
$22,877
$23,564
$24,270
$24,999
$25,749
$26,521
$27,317
$28,136
$28,980
$29,850
$30,745
$31,667
$32,617
$33,596
$34,604
$35,642
$36,711
$37,813
$38,947
$40,115
$41,319
$42,558
$43,835
$45,150
$46,505
$47,900
$49,337
$50,817
$52,341
These calculators show the scenario of saving all benefits collected from 62 to 66 (and then 69),
In addition to the benefits being spent at age 67, these savings are then
In the demo, if you saved all of the money from age 62, at 7%, you'd have ~$61,000 at age 67. Yo
savings. This income stream from the savings grows at 3% annually, run out at age 100, and is ad
spending your benefits).
If the blue areas of the graphs are above the orange and green (and/or the ending values in AB53
collect benefits as soon as possible wins over wait
Saving Until 67, then Spending and Withdrawing
$50,000
$45,000
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
62
64
66
68
70
72
74
76
78
80
Benefits Plus Withdrawals at 67
Year #
Age
1
2
3
4
5
6
7
8
62
63
64
65
66
67
68
69
EOY Balance
Additions
$9,990
$9,336
$20,978
$9,616
$33,044
$9,905
$46,273
$10,202
$60,756
$10,508
$61,711
$62,557
$63,358
82
84
86
88
90
92
94
Take Benefits
at Age 67
Investment
Withdrawals
Benefits Plus
Withdrawals
$14,203
$14,630
$15,068
$3,297
$3,396
$3,498
$17,501
$18,026
$18,566
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
36
37
38
39
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
$64,110
$64,805
$65,437
$65,997
$66,478
$66,870
$67,164
$67,348
$67,413
$67,345
$67,132
$66,758
$66,210
$65,469
$64,519
$63,340
$61,911
$60,211
$58,216
$55,899
$53,234
$50,190
$46,735
$42,837
$38,457
$33,556
$28,092
$22,020
$15,289
$7,850
$0
$15,520
$15,986
$16,466
$16,960
$17,468
$17,992
$18,532
$19,088
$19,661
$20,251
$20,858
$21,484
$22,128
$22,792
$23,476
$24,180
$24,906
$25,653
$26,423
$27,215
$28,032
$28,873
$29,739
$30,631
$31,550
$32,496
$33,471
$34,475
$35,510
$36,575
$37,672
$3,603
$3,711
$3,822
$3,937
$4,055
$4,177
$4,302
$4,431
$4,564
$4,701
$4,842
$4,987
$5,137
$5,291
$5,450
$5,613
$5,782
$5,955
$6,134
$6,318
$6,507
$6,703
$6,904
$7,111
$7,324
$7,544
$7,770
$8,003
$8,243
$8,491
$7,850
$19,123
$19,697
$20,288
$20,897
$21,524
$22,169
$22,834
$23,519
$24,225
$24,952
$25,700
$26,471
$27,266
$28,083
$28,926
$29,794
$30,688
$31,608
$32,556
$33,533
$34,539
$35,575
$36,643
$37,742
$38,874
$40,040
$41,242
$42,479
$43,753
$45,066
$45,522
m 62 to 66 (and then 69), and then spending the benefits (that started at 62) at 67 (and 70).
7, these savings are then systematically withdrawn from 67 to 100.
ve ~$61,000 at age 67. You'd then get an annual income of around $3,300 at age 67 from the
out at age 100, and is added to the PIA that started at age 62 (you stopped saving and started
pending your benefits).
he ending values in AB53 is more than AC53 and AN53 is more than AO53), then starting to
as possible wins over waiting in this scenario.
Saving Until 70, then Spending and Withdrawing

$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0
96
98
62
100
64
66
68
70
72
74
76
78
80
Benefits Plus Withdrawals at 70
Benefits
At 67
$17,208
$17,724
$18,256
Year #
Age
1
2
3
4
5
6
7
8
62
63
64
65
66
67
68
69
EOY Balance
Additions
$9,990
$9,336
$20,978
$9,616
$33,044
$9,905
$46,273
$10,202
$60,756
$10,508
$80,206
$14,203
$101,474
$14,630
$124,701
$15,068
82
84
86
88
Benefits
Withdrawals
$18,804
$19,368
$19,949
$20,547
$21,164
$21,799
$22,453
$23,126
$23,820
$24,534
$25,271
$26,029
$26,810
$27,614
$28,442
$29,295
$30,174
$31,080
$32,012
$32,972
$33,961
$34,980
$36,030
$37,111
$38,224
$39,371
$40,552
$41,768
$43,021
$44,312
$45,641
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
36
37
38
39
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
$126,320
$127,679
$128,912
$130,003
$130,936
$131,693
$132,254
$132,600
$132,707
$132,551
$132,107
$131,345
$130,235
$128,745
$126,840
$124,481
$121,627
$118,235
$114,257
$109,643
$104,338
$98,283
$91,414
$83,666
$74,963
$65,229
$54,379
$42,324
$28,966
$14,202
$0
$15,520
$15,986
$16,466
$16,960
$17,468
$17,992
$18,532
$19,088
$19,661
$20,251
$20,858
$21,484
$22,128
$22,792
$23,476
$24,180
$24,906
$25,653
$26,423
$27,215
$28,032
$28,873
$29,739
$30,631
$31,550
$32,496
$33,471
$34,475
$35,510
$36,575
$37,672
$7,110
$7,323
$7,543
$7,769
$8,002
$8,242
$8,489
$8,744
$9,006
$9,277
$9,555
$9,842
$10,137
$10,441
$10,754
$11,077
$11,409
$11,751
$12,104
$12,467
$12,841
$13,226
$13,623
$14,032
$14,453
$14,886
$15,333
$15,793
$16,267
$16,755
$14,202
(and 70).
These calculators show the scenario of how much capital it would take to r
On the first graph of the demo: The orange area of the chart above shows
other words, it shows waiting until age 6
The $43,000 is depleted at the end of age 66, then the difference between b
67 from the
g and started
The blue area shows $43,000 growing at 7
n starting to
Bottom line: If you would have taken benefits at 62 instead of 67, you woul
tapping it. If capital gains and dividend taxes were
Withdrawing
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
88
90
92
94
96
98
62
100
64
66
Untapped Investment Account
Tapped Investment Account

Benefits Plus
Withdrawals
Benefits
At 70
Year #
1
2
3
4
5
6
7
8
Age
61
62
63
64
65
66
67
68
69
$22,630
$23,309
$24,008
$24,729
$25,471
$26,235
$27,022
$27,832
$28,667
$29,527
$30,413
$31,326
$32,265
$33,233
$34,230
$35,257
$36,315
$37,404
$38,527
$39,682
$40,873
$42,099
$43,362
$44,663
$46,003
$47,383
$48,804
$50,268
$51,776
$53,330
$51,874
$21,564
$22,211
$22,877
$23,564
$24,270
$24,999
$25,749
$26,521
$27,317
$28,136
$28,980
$29,850
$30,745
$31,667
$32,617
$33,596
$34,604
$35,642
$36,711
$37,813
$38,947
$40,115
$41,319
$42,558
$43,835
$45,150
$46,505
$47,900
$49,337
$50,817
$52,341
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
36
37
38
39
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
io of how much capital it would take to replace the initial same five, and then eight years, of Social Security income. This
capital that grew untouched (because you don't need to tap it if you take benefits at age 62).
he orange area of the chart above shows a need of ~$43,000 at age 62 to replace the income that you could have received i
other words, it shows waiting until age 67 to collect benefits, and tapping investments to generate the benefit income lost
of age 66, then the difference between benefits from starting at 62 compared to starting at 67 is added back to the invest
tax-free. 3% annual inflation COLA is assumed.
he blue area shows $43,000 growing at 7% tax-free untouched. This line is above the others, which means collecting ASA
ken benefits at 62 instead of 67, you would have not needed to tap $43,000. Leaving this money alone would have resulted
If capital gains and dividend taxes were applied to the withdrawals of the investment account, then the differenc
Using Savings to Replace 62 to 66 Benefits
66
68
70
72
74

Investments
$43,418
$34,082
$25,095
$16,444
$8,116
100
$3,322
$6,866
$10,757
76
78
80
82
84
86
88
90
92
94
96
98
100
Benefits
at 62
$9,336
$9,616
$9,905
$10,202
$10,508
$14,203
$14,630
$15,068
Add Difference
Back Between
62 and 67
Benefits
$3,005
$3,095
$3,188

$43,418
Untapped
$46,457
$49,709
$53,189
$56,912
$60,896
$65,159
$69,720
$74,600
$15,023
$19,693
$24,799
$30,373
$36,453
$43,077
$50,288
$58,128
$66,647
$75,896
$85,930
$96,808
$108,594
$121,354
$135,163
$150,097
$166,241
$183,685
$202,523
$222,860
$244,805
$268,476
$294,001
$321,514
$351,162
$383,098
$417,491
$454,519
$494,373
$537,258
$583,393
$15,520
$15,986
$16,466
$16,960
$17,468
$17,992
$18,532
$19,088
$19,661
$20,251
$20,858
$21,484
$22,128
$22,792
$23,476
$24,180
$24,906
$25,653
$26,423
$27,215
$28,032
$28,873
$29,739
$30,631
$31,550
$32,496
$33,471
$34,475
$35,510
$36,575
$37,672
$3,283
$3,382
$3,483
$3,588
$3,695
$3,806
$3,920
$4,038
$4,159
$4,284
$4,412
$4,545
$4,681
$4,821
$4,966
$5,115
$5,269
$5,427
$5,589
$5,757
$5,930
$6,108
$6,291
$6,480
$6,674
$6,874
$7,080
$7,293
$7,512
$7,737
$7,969
$79,822
$85,410
$91,389
$97,786
$104,631
$111,955
$119,792
$128,177
$137,150
$146,750
$157,023
$168,014
$179,775
$192,359
$205,825
$220,232
$235,649
$252,144
$269,794
$288,680
$308,887
$330,509
$353,645
$378,400
$404,888
$433,230
$463,557
$496,006
$530,726
$567,877
$607,628
Social Security income. This is then compared to having the same amount of
ke benefits at age 62).
you could have received if you started collecting benefits from 62 to 66. In
nerate the benefit income lost from 62 to 66.
7 is added back to the investment account at age 67. Everything grows at 7%
which means collecting ASAP beats waiting.
alone would have resulted in ~$24,000 more money at age 100 compared to
nt, then the difference would have been much greater.
Using Savings to Replace 62 to 69 Benefits

$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
62
64
66
68
70
72
74
Year #
1
2
3
4
5
6
7
8
Age
61
62
63
64
65
66
67
68
69

Investments
$72,677
$63,341
$54,354
$45,703
$37,375
$29,359
$19,232
$9,484
$100
76
78
80
82
84
86
88
90
92

Benefits
at 62
$9,336
$9,616
$9,905
$10,202
$10,508
$14,203
$14,630
$15,068
Add Difference
Back Between
62 and 70
Benefits
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
36
37
38
39
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
$6,574
$13,694
$21,513
$30,085
$39,470
$49,729
$60,931
$73,150
$86,462
$100,952
$116,709
$133,830
$152,418
$172,583
$194,445
$218,131
$243,777
$271,530
$301,546
$333,994
$369,052
$406,916
$447,791
$491,898
$539,476
$590,779
$646,080
$705,669
$769,861
$838,990
$913,416
$15,520
$15,986
$16,466
$16,960
$17,468
$17,992
$18,532
$19,088
$19,661
$20,251
$20,858
$21,484
$22,128
$22,792
$23,476
$24,180
$24,906
$25,653
$26,423
$27,215
$28,032
$28,873
$29,739
$30,631
$31,550
$32,496
$33,471
$34,475
$35,510
$36,575
$37,672
$6,044
$6,225
$6,412
$6,604
$6,802
$7,006
$7,216
$7,433
$7,656
$7,885
$8,122
$8,366
$8,617
$8,875
$9,141
$9,416
$9,698
$9,989
$10,289
$10,597
$10,915
$11,243
$11,580
$11,927
$12,285
$12,654
$13,033
$13,424
$13,827
$14,242
$14,669
92
94
96
98
100

$72,677
Untapped
$77,764
$83,208
$89,032
$95,265
$101,933
$109,069
$116,703
$124,873
$133,614
$142,967
$152,974
$163,683
$175,140
$187,400
$200,518
$214,555
$229,573
$245,643
$262,839
$281,237
$300,924
$321,988
$344,528
$368,645
$394,450
$422,061
$451,605
$483,218
$517,043
$553,236
$591,963
$633,400
$677,738
$725,180
$775,942
$830,258
$888,376
$950,563
$1,017,102
Employee Golden Handshake Calculator
To help determine if you should take an "early-termination package offer" offer from strictly a financial point
Why are they giving me such a "generous" buyout offer? After you run the numbers, you'll know why they're s
It's assumed that you will receive the Golden Handshake only in the current year.
You can manually override all numbers in every year.
All of this assumes that you WILL NOT find another job, because you probably won't (you were permanently
The loss of a 401(k) plan is not really a loss because you can usually always do much better by self-directing a
Bottom line results are shown in cell T21. PV stands for Present Value, or the economic value toady of a serie
50
<= Input your current age.
100
<= Input your life expectancy age (there's a calculator for that on the TVM Calcul
180
<= Input the number of months you intended to work there if things were fine and
3.0%
<= Input a discount interest rate (e.g., 3%, needed to calculate present value of the
25.5%
<= Input the current year's marginal federal tax bracket you would have been in i
5.5%
<= Input the current year's marginal state tax bracket you would have been in if y
$250,000
<= Input the gross amount of Golden Handshake (current year's lump sum payou
$500
<= Input the total estimated amount of monthly savings from things like not comm
$1,000
<= Input the amount of new monthly expenses you'll have from quitting (e.g., havi
$7,500
<= Input amount of net income per month lost (take home pay after everything or
$750
<= Input the estimated amount of other monthly monetary compensation you wou
1.5%
<= Input an estimated annual average percentage monetary compensation increas
$1,000
<= Input the estimated monthly dollar amount of non-monetary benefits lost from
$500
<= Input the weekly unemployment amount you would have received if you didn't
100
<= Input number of weeks you could have collected unemployment if you didn't qu
$500
<= Input the amount of monthly 401(k) MATCH the company was contributing to
$250
<= Input the monthly amount of reduced defined benefit pension accrued from qu
65
<= Input the age you intended to start receiving your defined benefit pension (AKA
1.0%
<= Input the COLA (automatic annual inflation rate of increase) your defined ben
Year
Number
Year
Age
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
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
^ Years would have worked
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
71
72
73
74
75
2084
2085
2086
2087
2088
0
0
0
0
0
Calculator
fer from strictly a financial point of view.

umbers, you'll know why they're so anxious to get rid of you ASAP!
bly won't (you were permanently put out to pasture for a reason!).
do much better by self-directing an IRA in a discount brokerage account (and then putting the excess into a non-qualified broker
e economic value toady of a series of future payments, discounted at the interest rate input into cell B13.
ator for that on the TVM Calculators sheet).
ork there if things were fine and you could work there until you retired (you would have worked there 15 more years).
to calculate present value of the handshake and generic inflation).
racket you would have been in if you didn't quit.
cket you would have been in if you didn't quit.
current year's lump sum payout amount,, AKA, the huge number they're teasing you with).
vings from things like not commuting, buying work clothes, dues, lunches, moving to a cheaper location, etc.
'll have from quitting (e.g., having to buy your own health and life insurance, job hunting expenses, moving, etc.)
ke home pay after everything or the amount of your bank deposit).
monetary compensation you would have received if you didn't quit (e.g., bonus, commissions, tips, etc.).
monetary compensation increase you would have received if you didn't quit (raises, promotions, etc.).
non-monetary benefits lost from quitting (e.g., health and life insurance premiums).
ould have received if you didn't quit.
d unemployment if you didn't quit (hint - you were put out to pasture because the world is broken, so you will not find an
he company was contributing to your 401(k) for free (these are not YOUR contributions).
benefit pension accrued from quitting when you reach minimum retirement age (usually 55, note this is NOT your 401k p
ur defined benefit pension (AKA retirement age, this is NOT your 401k plan).
te of increase) your defined benefit pension has (hint - this is usually zero).
PV of Money Coming In: $330097
Golden
Handshake
Lump Sum
$250,000
15
^ Years would have worked
Annual Nonwork Savings
$6,000
$6,180
$6,365
$6,556
$6,753
$6,956
$7,164
$7,379
$7,601
$7,829
$8,063
$8,305
$8,555
$8,811
$9,076
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Manual
Override
Amounts Used
in Calculations
After Manual
Overrides
$256,000
$6,180
$6,365
$6,556
$6,753
$6,956
$7,164
$7,379
$7,601
$7,829
$8,063
$8,305
$8,555
$8,811
$9,076
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
ng the excess into a non-qualified brokerage account).

put into cell B13.
d have worked there 15 more years).
to a cheaper location, etc.
hunting expenses, moving, etc.)
mmissions, tips, etc.).
, promotions, etc.).
world is broken, so you will not find another job!).
ually 55, note this is NOT your 401k plan).
PV of Money Lost or Going Out: $174757

New Annual
Expenses from
Paying Your
Own Way
$248,544
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$5,825
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$12,000
$12,360
$12,731
$13,113
$13,506
$13,911
$14,329
$14,758
$15,201
$15,657
$16,127
$16,611
$17,109
$17,622
$18,151
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Manual
Override
PV of Money
Amounts Used
in Calculations
After Manual
Overrides
$12,000
$12,360
$12,731
$13,113
$13,506
$13,911
$14,329
$14,758
$15,201
$15,657
$16,127
$16,611
$17,109
$17,622
$18,151
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$330,097
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
Bottom Line Calculations

Money Coming In:
$330,097
New Expenses Incurred:
-$174,757
Loss of Primary Income:
-$1,185,142
Loss of Secondary Income:
-$118,514
Loss of Benefits:
-$158,019
Loss of Unemployment Benefits:
-$47,865
Loss of Employer 401(k) Matches:
-$79,009
Loss from Reduced Pension:
-$48,750
Loss from Reduced Social Security Benefits:
-$92,853
Loss from Current Year's Increase in Taxes:
-$35,000
Bottom Line PV of Loss (-) or Gain:
-$1,609,812
Lost Salary &

Wages
$90,000
$91,350
$92,720
$94,111
$95,523
$96,956
$98,410
$99,886
$101,384
$102,905
$104,449
$106,015
$107,606
$109,220
$110,858
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Manual
Override
PV of Money Lost or Going Ou
Amounts Used
in Calculations
After Manual
Overrides
$90,000
$91,350
$92,720
$94,111
$95,523
$96,956
$98,410
$99,886
$101,384
$102,905
$104,449
$106,015
$107,606
$109,220
$110,858
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Other Monetary
Compensation
Lost
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$9,000
$9,135
$9,272
$9,411
$9,552
$9,696
$9,841
$9,989
$10,138
$10,291
$10,445
$10,602
$10,761
$10,922
$11,086
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
$0
$0
$0
$0
$0
V of Money Lost or Going Out: $118514
Manual
Override
Amounts Used
in Calculations
After Manual
Overrides
$9,000
$9,135
$9,272
$9,411
$9,552
$9,696
$9,841
$9,989
$10,138
$10,291
$10,445
$10,602
$10,761
$10,922
$11,086
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Non-monetary
Losses
(insurance
benefits)
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Manual
Override
$12,000
$12,180
$12,363
$12,548
$12,736
$12,927
$13,121
$13,318
$13,518
$13,721
$13,926
$14,135
$14,347
$14,563
$14,781
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
$0
$0
$0
$0
$0
r Going Out: $158018
Amounts Used
in Calculations
After Manual
Overrides
$12,000
$12,180
$12,363
$12,548
$12,736
$12,927
$13,121
$13,318
$13,518
$13,721
$13,926
$14,135
$14,347
$14,563
$14,781
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lost
Unemployment
Benefits
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$26,000
$24,000
Manual
Override
PV of M
Amounts Used
in Calculations
After Manual
Overrides
$26,000
$24,000
#####
#####
#####
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
Lost Employer
401(k) Matches
$6,000
$6,090
$6,181
$6,274
$6,368
$6,464
$6,561
$6,659
$6,759
$6,860
$6,963
$7,068
$7,174
$7,281
$7,391
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Manual
Override
PV of Money Lost or Going O
Amounts Used
in Calculations
After Manual
Overrides
$6,000
$6,090
$6,181
$6,274
$6,368
$6,464
$6,561
$6,659
$6,759
$6,860
$6,963
$7,068
$7,174
$7,281
$7,391
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lost Pension at
Earliest
Retirement
Year
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,000
$3,030
$3,060
$3,091
$3,122
$3,153
$3,185
$3,216
$3,249
$3,281
$3,314
$3,347
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,380
$3,414
$3,448
$3,483
$3,518
$3,553
$3,588
$3,624
$3,661
$3,697
$3,734
$3,771
$3,809
$3,847
$3,886
$3,925
$3,964
$4,004
$4,044
$4,084
$4,125
$4,166
$4,208
$4,250
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
$0
$0
$0
$0
$0
V of Money Lost or Going Out: $48749
Manual
Override
Amounts Used
in Calculations
After Manual
Overrides
PV of Money
Lost or Going
Out: $92852
Manual Override
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,000
$3,030
$3,060
$3,091
$3,122
$3,153
$3,185
$3,216
$3,249
$3,281
$3,314
$3,347
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,370
$2,489
$2,613
$2,744
$2,881
$3,025
$3,176
$3,335
$3,502
$3,677
$3,861
$4,054
$4,257
$4,470
$3,380
$3,414
$3,448
$3,483
$3,518
$3,553
$3,588
$3,624
$3,661
$3,697
$3,734
$3,771
$3,809
$3,847
$3,886
$3,925
$3,964
$4,004
$4,044
$4,084
$4,125
$4,166
$4,208
$4,250
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
#####
$998
$979
$960
$941
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$4,693
$4,928
$5,174
$5,433
$5,704
$5,990
$6,289
$6,604
$6,934
$7,280
$7,644
$8,027
$8,428
$8,849
$9,292
$9,756
$10,244
$10,756
$11,294
$11,859
$12,452
$13,075
$13,728
$14,415
$15,135
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
$0
$0
$0
$0
$0
or Going Out: $19344

Estimated
Difference
Current Year's
Taxes
$35,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,370
$2,489
$2,613
$2,744
$2,881
$3,025
$3,176
$3,335
$3,502
$3,677
$3,861
$4,054
$4,257
$4,470
Manual
Override
Amounts Used
in Calculations
After Manual
Overrides
$35,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$336
$343
$349
$356
$363
$370
$377
$385
$392
$400
$408
$415
$424
$432
$440
$4,693
$4,928
$5,174
$5,433
$5,704
$5,990
$6,289
$6,604
$6,934
$7,280
$7,644
$8,027
$8,428
$8,849
$9,292
$9,756
$10,244
$10,756
$11,294
$11,859
$12,452
$13,075
$13,728
$14,415
$15,135
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$449
$457
$466
$475
$485
$494
$504
$513
$523
$533
$544
$554
$565
$576
$587
$599
$610
$622
$634
$647
$659
$672
$685
$698
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
#####
Year Number
Year
Age
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
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
71
72
73
74
75
2084
2085
2086
2087
2088
0
0
0
0
0
Employee Stock Option Calculator
Does not account for vesting or expirations, so ensure you input share quantities correctly into co
2013
< Current Year
20.0%
Accumulated
Quantity Less
Options
Exercised
$120.00
< Current Market

Price
Year #1: 2013
Q4 2010
1,240.000
Q3 2010
1,240.000
Q2 2010
Newly Acquired
Options
200.000
Q1 2010
Year #2: 2012
Year #3: 2011
Year #4: 2010
Q4 2009
Year #5: 2009
100.000
1,140.000
1,000.000
1,140.000
140.000
Q2 2009
140.000
Q1 2009
150.000
100.000
50.000
Q2 2008
50.000
Q1 2008
50.000
Q4 2007
50.000
50.000
10.000
150.000
Q3 2008
Q3 2007
Quantity
Exercised in
this Quarter
1,340.000
Q3 2009
Q4 2008
< Default Tax Rate
50.000
Q2 2007
0.000
Q1 2007
0.000
Q4 2006
0.000
Q3 2006
0.000
Q2 2006
0.000
Year #6: 2008
Year #7: 2005
Year #8: 2004
Year #9: 2003
Year #10: 2002
Q1 2006
0.000
Q4 2005
0.000
Q3 2005
0.000
Q2 2005
0.000
Q1 2005
0.000
Q4 2004
0.000
Q3 2004
0.000
Q2 2004
0.000
Q1 2004
0.000
Q4 2003
0.000
Q3 2003
0.000
Q2 2003
0.000
Q1 2003
0.000
Q4 2002
0.000
Q3 2002
0.000
Q2 2002
0.000
Q1 2002
0.000
Q4 2001
0.000
Q3 2001
0.000
Q2 2001
0.000
Q1 2001
0.000
lculator
< Default Tax Rate
Input the Quarter

and Grant Year of
the Options
Exercised in this
Format: QX
YYYY
Quantity
Already
Exercised
Grant Price
Spread Per
Share
Bargain
Element / Per
(Difference
between grant Share Amount
price and exercise in the Money
(Market price
when granted. The
price shares can be
bought for)
Exercise /
Strike Price
$100.00
$110.00
$10.00
$20.00
$90.00
$97.00
$7.00
$30.00
$80.00
$85.00
$5.00
$40.00
$70.00
$79.00
$9.00
$50.00
price)
110.000
Q4 2009
110.000
10.000
10.000
10.000
10.000
q3 2009
10.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
Amount of BeforeTax and Expense

Tax Rate Manual
Taxes Due on
Override on
Cash Received
Exercised Shares
Exercised
Shares
from Exercised
(Total amount in
(Total amount in
the money)
the money)
Options
Before Tax
Value
Remaining
After Tax
Value
Remaining
$37,000
$29,600
$0
$0
$37,000
$29,600
$600
$3,000
$40,000
$32,000
$0
$0
$36,000
$28,800
$0
$0
$36,000
$28,800
$0
$0
$6,000
$4,800
$0
$0
$6,000
$4,800
$100
$500
$6,500
$5,200
$0
$0
$6,500
$5,200
$0
$0
$2,500
$2,000
$0
$0
$2,250
$0
$0
$2,500
$2,000
$0
$0
$2,500
$2,000
$0
$0
$2,500
$2,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,500
10.0%
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Expenses
Associated with Amount of AfterExercise (Also can Tax and Expense
Cash Received
be used to offset
from Exercised
taxes. Negative
numbers can be
Options
used)
$0
$10
$2,410
$0
$0
$0
$0
$400
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
2013/14 Average/Effective Federal Tax Bracket Calculator

For Single Filers
State, Local, SS, & Medicare Taxes not Co
Total Exemptions:
Total Deductions:
$20,000
Adjusted Gross Income:
$75,000
Taxable Income:
$39,400
Taxable Income
Tax Due
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
$18,000
$19,000
$20,000
$21,000
$22,000
$23,000
$24,000
$25,000
$26,000
$27,000
$28,000
$29,000
$30,000
$31,000
$32,000
$33,000
$34,000
$35,000
$36,000
$37,000
$38,000
$39,000
$40,000
$41,000
$42,000
$43,000
$44,000
$45,000
$46,000
$1,058
$1,208
$1,358
$1,508
$1,658
$1,808
$1,958
$2,108
$2,258
$2,408
$2,558
$2,708
$2,858
$3,308
$3,158
$3,308
$3,458
$3,608
$3,758
$3,908
$4,058
$4,208
$4,358
$4,508
$4,658
$4,808
$4,958
$5,158
$5,435
$5,685
$5,935
$6,185
$6,435
$6,685
$6,935
$7,185
$7,435
Average
Bracket
7.6%
7.9%
Taxable Income
Tax Due
$251,000
$252,000
$253,000
$254,000
$255,000
$256,000
$257,000
$258,000
$259,000
$260,000
$261,000
$262,000
$263,000
$264,000
$265,000
$266,000
$267,000
$268,000
$269,000
$270,000
$271,000
$272,000
$273,000
$274,000
$275,000
$276,000
$277,000
$278,000
$279,000
$280,000
$281,000
$282,000
$283,000
$284,000
$285,000
$286,000
$287,000
$66,961
$67,291
$67,621
$67,951
$68,281
$68,611
$68,941
$69,271
$69,601
$69,931
$70,261
$70,591
$70,921
$71,251
$71,581
$71,911
$72,241
$72,571
$72,901
$73,231
$73,561
$73,891
$74,221
$74,551
$74,881
$75,211
$75,541
$75,871
$76,201
$76,531
$76,861
$77,191
$77,521
$77,851
$78,181
$78,511
$78,841
Average
Bracket
$47,000
$48,000
$49,000
$50,000
$51,000
$52,000
$53,000
$54,000
$55,000
$56,000
$57,000
$58,000
$59,000
$60,000
$61,000
$62,000
$63,000
$64,000
$65,000
$66,000
$67,000
$68,000
$69,000
$70,000
$71,000
$72,000
$73,000
$74,000
$75,000
$76,000
$77,000
$78,000
$79,000
$80,000
$81,000
$82,000
$83,000
$84,000
$85,000
$86,000
$87,000
$88,000
$89,000
$90,000
$91,000
$92,000
$93,000
$94,000
$95,000
$7,685
$7,935
$8,185
$8,435
$8,685
$8,935
$9,185
$9,435
$9,685
$9,935
$10,185
$10,435
$10,685
$10,935
$11,185
$11,435
$11,865
$11,935
$12,185
$12,435
$12,685
$12,935
$13,185
$13,435
$13,685
$13,935
$14,185
$14,435
$14,685
$14,935
$15,185
$15,435
$15,685
$15,935
$16,185
$164,356
$16,685
$16,935
$17,185
$17,435
$17,685
$17,940
$18,220
$18,500
$18,780
$19,060
$19,340
$19,620
$19,900
$288,000
$289,000
$290,000
$291,000
$292,000
$293,000
$294,000
$295,000
$296,000
$297,000
$298,000
$299,000
$300,000
$301,000
$302,000
$303,000
$304,000
$305,000
$306,000
$307,000
$308,000
$309,000
$310,000
$311,000
$312,000
$313,000
$314,000
$315,000
$316,000
$317,000
$318,000
$319,000
$320,000
$321,000
$322,000
$323,000
$324,000
$325,000
$326,000
$327,000
$328,000
$329,000
$330,000
$331,000
$332,000
$333,000
$334,000
$335,000
$336,000
$79,171
$79,501
$79,831
$80,161
$80,491
$80,821
$81,151
$81,481
$81,811
$82,141
$82,471
$82,801
$83,131
$83,461
$83,791
$84,121
$84,451
$84,781
$85,111
$85,441
$85,771
$86,101
$86,431
$86,761
$87,091
$87,421
$87,751
$88,081
$88,411
$88,741
$89,071
$89,401
$89,731
$90,061
$90,391
$90,721
$91,051
$91,381
$91,711
$92,041
$92,371
$92,701
$93,031
$93,361
$93,691
$94,021
$94,351
$94,681
$95,011
$96,000
$97,000
$98,000
$99,000
$100,000
$101,000
$102,000
$103,000
$104,000
$105,000
$106,000
$107,000
$108,000
$109,000
$110,000
$111,000
$112,000
$113,000
$114,000
$115,000
$116,000
$117,000
$118,000
$119,000
$120,000
$121,000
$122,000
$123,000
$124,000
$125,000
$126,000
$127,000
$128,000
$129,000
$130,000
$131,000
$132,000
$133,000
$134,000
$135,000
$136,000
$137,000
$138,000
$139,000
$140,000
$141,000
$142,000
$143,000
$144,000
$20,180
$20,460
$20,740
$21,020
$21,293
$21,573
$21,853
$22,133
$22,413
$22,693
$22,973
$23,253
$23,533
$23,813
$24,093
$24,373
$24,653
$24,933
$25,213
$25,493
$25,773
$26,053
$26,333
$26,613
$26,893
$27,173
$27,453
$27,733
$28,013
$28,293
$28,573
$28,853
$29,133
$29,413
$29,693
$29,973
$30,253
$30,533
$30,813
$31,093
$31,373
$31,653
$31,933
$32,213
$32,493
$32,773
$33,053
$33,333
$33,613
$337,000
$338,000
$339,000
$340,000
$341,000
$342,000
$343,000
$344,000
$345,000
$346,000
$347,000
$348,000
$349,000
$350,000
$351,000
$352,000
$353,000
$354,000
$355,000
$356,000
$357,000
$358,000
$359,000
$360,000
$361,000
$362,000
$363,000
$364,000
$365,000
$366,000
$367,000
$368,000
$369,000
$370,000
$371,000
$372,000
$373,000
$374,000
$375,000
$376,000
$377,000
$378,000
$379,000
$380,000
$381,000
$382,000
$383,000
$384,000
$385,000
$95,341
$95,671
$96,001
$96,331
$96,661
$96,991
$97,321
$97,651
$97,981
$98,311
$98,641
$98,971
$99,301
$99,631
$99,961
$100,291
$100,621
$100,951
$101,281
$101,611
$101,941
$102,271
$102,601
$102,931
$103,261
$103,591
$103,921
$104,251
$104,581
$104,911
$105,241
$105,571
$105,901
$106,231
$106,561
$106,891
$107,221
$107,551
$107,881
$108,211
$108,541
$108,871
$109,201
$109,531
$109,861
$110,191
$110,521
$110,851
$111,181
$145,000
$146,000
$147,000
$148,000
$149,000
$150,000
$151,000
$152,000
$153,000
$154,000
$155,000
$156,000
$157,000
$158,000
$159,000
$160,000
$161,000
$162,000
$163,000
$164,000
$165,000
$166,000
$167,000
$168,000
$169,000
$170,000
$171,000
$172,000
$173,000
$174,000
$175,000
$176,000
$177,000
$178,000
$179,000
$180,000
$181,000
$182,000
$183,000
$184,000
$185,000
$186,000
$187,000
$188,000
$189,000
$190,000
$191,000
$192,000
$193,000
$33,893
$34,173
$34,453
$34,733
$35,013
$35,293
$35,573
$35,853
$36,133
$36,413
$36,693
$36,973
$37,253
$37,533
$37,813
$38,093
$38,373
$38,653
$38,933
$39,213
$39,493
$39,773
$40,053
$40,333
$40,613
$40,893
$41,173
$41,453
$41,733
$42,013
$42,293
$42,573
$42,853
$43,133
$43,413
$43,693
$43,973
$44,253
$44,521
$44,851
$45,181
$45,511
$45,841
$46,171
$46,501
$46,831
$47,161
$47,491
$47,821
$386,000
$387,000
$388,000
$389,000
$390,000
$391,000
$392,000
$393,000
$394,000
$395,000
$396,000
$397,000
$398,000
$399,000
$400,000
$401,000
$402,000
$403,000
$404,000
$405,000
$406,000
$407,000
$408,000
$409,000
$410,000
$411,000
$412,000
$413,000
$414,000
$415,000
$416,000
$417,000
$418,000
$419,000
$420,000
$421,000
$422,000
$423,000
$424,000
$425,000
$426,000
$427,000
$428,000
$429,000
$430,000
$431,000
$432,000
$433,000
$434,000
$111,511
$111,841
$112,171
$112,501
$112,831
$113,161
$113,491
$113,821
$114,151
$114,481
$114,811
$115,141
$115,464
$115,814
$116,164
$132,619
$133,015
$133,411
$133,807
$134,203
$134,599
$134,995
$135,391
$135,787
$136,183
$136,579
$136,975
$137,371
$137,767
$138,163
$138,559
$138,955
$139,351
$139,747
$140,143
$140,539
$140,935
$141,331
$141,727
$142,123
$142,519
$142,915
$143,311
$143,707
$144,103
$144,499
$144,895
$145,291
$145,687
$194,000
$195,000
$196,000
$197,000
$198,000
$199,000
$200,000
$201,000
$202,000
$203,000
$204,000
$205,000
$206,000
$207,000
$208,000
$209,000
$210,000
$211,000
$212,000
$213,000
$214,000
$215,000
$216,000
$217,000
$218,000
$219,000
$220,000
$221,000
$222,000
$223,000
$224,000
$225,000
$226,000
$227,000
$228,000
$229,000
$230,000
$231,000
$232,000
$233,000
$234,000
$235,000
$236,000
$237,000
$238,000
$239,000
$240,000
$241,000
$242,000
$48,151
$48,481
$48,811
$49,141
$49,471
$49,801
$50,131
$50,461
$50,791
$51,121
$51,451
$51,781
$52,111
$52,441
$52,771
$53,101
$53,431
$53,761
$54,091
$54,421
$54,751
$55,081
$55,411
$55,741
$56,071
$56,401
$56,731
$57,061
$57,391
$57,721
$58,051
$58,381
$58,711
$59,041
$59,371
$59,701
$60,031
$60,361
$60,691
$61,021
$61,351
$61,681
$62,011
$62,341
$62,671
$63,001
$63,331
$63,661
$63,991
$435,000
$436,000
$437,000
$438,000
$439,000
$440,000
$441,000
$442,000
$443,000
$444,000
$445,000
$446,000
$447,000
$448,000
$449,000
$450,000
$451,000
$452,000
$453,000
$454,000
$455,000
$456,000
$457,000
$458,000
$459,000
$460,000
$461,000
$462,000
$463,000
$464,000
$465,000
$466,000
$467,000
$468,000
$469,000
$470,000
$471,000
$472,000
$473,000
$474,000
$475,000
$476,000
$477,000
$478,000
$479,000
$480,000
$481,000
$482,000
$483,000
$146,083
$146,479
$146,875
$147,271
$147,667
$148,063
$148,459
$148,855
$149,251
$149,647
$150,043
$150,439
$150,835
$151,231
$151,627
$152,023
$152,419
$152,815
$153,211
$153,607
$154,003
$154,399
$154,795
$155,191
$155,587
$155,983
$156,379
$156,775
$157,171
$157,567
$157,963
$158,359
$158,755
$159,151
$159,547
$159,943
$160,339
$160,735
$161,131
$161,527
$161,923
$162,319
$162,715
$163,111
$163,507
$163,903
$164,299
$164,695
$165,091
$243,000
$244,000
$245,000
$246,000
$247,000
$248,000
$249,000
$250,000
$64,321
$64,651
$64,981
$65,311
$65,641
$65,971
$66,301
$66,631
$484,000
$485,000
$486,000
$487,000
$488,000
$489,000
$490,000
$491,000
$165,487
$165,883
$166,279
$166,675
$167,071
$167,467
$167,863
$168,259
Tax Bracket Calculator
2013/14 Average/Effective Federa
ocal, SS, & Medicare Taxes not Considered
For Married Filing Jointly
Sta
$3,900 Per Exemption
Total Exemptions:
$6,100 Standard Deduction
$75,000
Taxable Income
Tax Due
$492,000
$493,000
$494,000
$495,000
$496,000
$497,000
$498,000
$499,000
$500,000
$501,000
$502,000
$503,000
$504,000
$505,000
$506,000
$507,000
$508,000
$509,000
$510,000
$511,000
$512,000
$513,000
$514,000
$515,000
$516,000
$517,000
$518,000
$519,000
$520,000
$521,000
$522,000
$523,000
$524,000
$525,000
$526,000
$527,000
$528,000
$168,655
$169,051
$169,447
$169,843
$170,239
$170,635
$171,031
$171,427
$171,823
$172,219
$172,615
$173,011
$173,407
$173,803
$174,199
$174,595
$174,991
$175,387
$175,783
$176,179
$176,575
$176,971
$177,367
$177,763
$178,159
$178,555
$178,951
$179,347
$179,743
$180,139
$180,535
$180,931
$181,327
$181,723
$182,119
$182,515
$182,911
Average
Bracket
Taxable Income
Tax Due
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
$18,000
$19,000
$20,000
$21,000
$22,000
$23,000
$24,000
$25,000
$26,000
$27,000
$28,000
$29,000
$30,000
$31,000
$32,000
$33,000
$34,000
$35,000
$36,000
$37,000
$38,000
$39,000
$40,000
$41,000
$42,000
$43,000
$44,000
$45,000
$46,000
$1,003
$1,103
$1,203
$1,303
$1,403
$1,503
$1,603
$1,703
$1,811
$1,961
$2,111
$2,261
$2,411
$2,561
$2,711
$2,861
$3,011
$3,161
$3,311
$3,461
$3,611
$3,761
$3,911
$4,061
$4,211
$4,361
$4,511
$4,661
$4,811
$4,961
$5,111
$5,261
$5,411
$5,561
$5,711
$5,861
$6,011
Average
Bracket
6.6%
6.8%
$529,000
$530,000
$531,000
$532,000
$533,000
$534,000
$535,000
$536,000
$537,000
$538,000
$539,000
$540,000
$541,000
$542,000
$543,000
$544,000
$545,000
$546,000
$547,000
$548,000
$549,000
$550,000
$551,000
$552,000
$553,000
$554,000
$555,000
$556,000
$557,000
$558,000
$559,000
$560,000
$561,000
$562,000
$563,000
$564,000
$565,000
$566,000
$567,000
$568,000
$569,000
$570,000
$571,000
$572,000
$573,000
$574,000
$575,000
$576,000
$577,000
$183,307
$183,703
$184,099
$184,495
$184,891
$185,287
$185,683
$186,079
$186,475
$186,871
$187,267
$187,663
$188,059
$188,455
$188,851
$189,247
$189,643
$190,039
$190,435
$190,831
$191,227
$191,623
$192,019
$192,415
$192,811
$193,207
$193,603
$193,999
$194,395
$194,791
$195,187
$195,583
$195,979
$196,375
$196,771
$197,167
$197,563
$197,959
$198,355
$198,751
$199,147
$199,543
$199,939
$200,335
$200,731
$201,127
$201,523
$201,919
$202,315
$47,000
$48,000
$49,000
$50,000
$51,000
$52,000
$53,000
$54,000
$55,000
$56,000
$57,000
$58,000
$59,000
$60,000
$61,000
$62,000
$63,000
$64,000
$65,000
$66,000
$67,000
$68,000
$69,000
$70,000
$71,000
$72,000
$73,000
$74,000
$75,000
$76,000
$77,000
$78,000
$79,000
$80,000
$81,000
$82,000
$83,000
$84,000
$85,000
$86,000
$87,000
$88,000
$89,000
$90,000
$91,000
$92,000
$93,000
$94,000
$95,000
$6,161
$6,311
$6,461
$6,611
$6,761
$6,911
$7,061
$7,211
$7,361
$7,511
$7,661
$7,811
$7,961
$8,111
$8,261
$8,411
$8,561
$8,711
$8,861
$9,011
$9,161
$9,311
$9,461
$9,611
$9,761
$9,911
$10,114
$10,364
$10,614
$10,864
$11,114
$11,364
$11,614
$11,864
$12,114
$12,364
$12,614
$12,864
$13,114
$13,364
$13,614
$13,864
$14,114
$14,364
$14,614
$14,864
$15,114
$15,364
$15,614
$578,000
$579,000
$580,000
$581,000
$582,000
$583,000
$584,000
$585,000
$586,000
$587,000
$588,000
$589,000
$590,000
$591,000
$592,000
$593,000
$594,000
$595,000
$596,000
$597,000
$598,000
$599,000
$600,000
$601,000
$602,000
$603,000
$604,000
$605,000
$606,000
$607,000
$608,000
$609,000
$610,000
$611,000
$612,000
$613,000
$614,000
$615,000
$616,000
$617,000
$618,000
$619,000
$620,000
$621,000
$622,000
$623,000
$624,000
$625,000
$626,000
$202,711
$203,107
$203,503
$203,899
$204,295
$204,691
$205,087
$205,483
$205,879
$206,275
$206,671
$207,067
$207,463
$207,859
$208,255
$208,651
$209,047
$209,443
$209,839
$210,235
$210,631
$211,027
$211,423
$211,819
$212,215
$212,611
$213,007
$213,403
$213,799
$214,195
$214,591
$214,987
$215,383
$215,779
$216,175
$216,571
$216,967
$217,363
$217,759
$218,155
$218,551
$218,947
$219,343
$219,739
$220,135
$220,531
$220,927
$221,323
$221,719
$96,000
$97,000
$98,000
$99,000
$100,000
$101,000
$102,000
$103,000
$104,000
$105,000
$106,000
$107,000
$108,000
$109,000
$110,000
$111,000
$112,000
$113,000
$114,000
$115,000
$116,000
$117,000
$118,000
$119,000
$120,000
$121,000
$122,000
$123,000
$124,000
$125,000
$126,000
$127,000
$128,000
$129,000
$130,000
$131,000
$132,000
$133,000
$134,000
$135,000
$136,000
$137,000
$138,000
$139,000
$140,000
$141,000
$142,000
$143,000
$144,000
$15,864
$16,114
$16,364
$16,614
$16,857
$17,107
$17,357
$17,607
$17,857
$18,107
$18,357
$18,607
$18,857
$19,107
$19,357
$19,607
$19,857
$20,107
$20,357
$20,607
$20,857
$21,107
$21,357
$21,607
$21,857
$22,107
$22,357
$22,607
$22,857
$23,107
$23,357
$23,607
$23,857
$24,107
$24,357
$24,607
$24,857
$25,107
$25,357
$25,607
$25,857
$26,107
$26,357
$26,607
$26,857
$27,107
$27,357
$27,607
$27,857
$627,000
$628,000
$629,000
$630,000
$631,000
$632,000
$633,000
$634,000
$635,000
$636,000
$637,000
$638,000
$639,000
$640,000
$641,000
$642,000
$643,000
$644,000
$645,000
$646,000
$647,000
$648,000
$649,000
$650,000
$651,000
$652,000
$653,000
$654,000
$655,000
$656,000
$657,000
$658,000
$659,000
$660,000
$661,000
$662,000
$663,000
$664,000
$665,000
$666,000
$667,000
$668,000
$669,000
$670,000
$671,000
$672,000
$673,000
$674,000
$675,000
$222,115
$222,511
$222,907
$223,303
$223,699
$224,095
$224,491
$224,887
$225,283
$225,679
$226,075
$226,471
$226,867
$227,263
$227,659
$228,055
$228,451
$228,847
$229,243
$229,639
$230,035
$230,431
$230,827
$231,223
$231,619
$232,015
$232,411
$232,807
$233,203
$233,599
$233,995
$234,391
$234,787
$235,183
$235,579
$235,975
$236,371
$236,767
$237,163
$237,559
$237,955
$238,351
$238,747
$239,143
$239,539
$239,935
$240,331
$240,727
$241,123
$145,000
$146,000
$147,000
$148,000
$149,000
$150,000
$151,000
$152,000
$153,000
$154,000
$155,000
$156,000
$157,000
$158,000
$159,000
$160,000
$161,000
$162,000
$163,000
$164,000
$165,000
$166,000
$167,000
$168,000
$169,000
$170,000
$171,000
$172,000
$173,000
$174,000
$175,000
$176,000
$177,000
$178,000
$179,000
$180,000
$181,000
$182,000
$183,000
$184,000
$185,000
$186,000
$187,000
$188,000
$189,000
$190,000
$191,000
$192,000
$193,000
$28,107
$28,357
$28,625
$28,905
$29,185
$29,465
$29,745
$30,025
$30,305
$30,585
$30,865
$31,145
$31,425
$31,705
$31,985
$32,265
$32,545
$32,825
$33,105
$33,385
$33,665
$33,945
$34,225
$34,505
$34,785
$35,065
$35,345
$35,625
$35,905
$36,185
$36,465
$36,745
$37,025
$37,305
$37,585
$37,865
$38,145
$38,425
$38,705
$38,985
$39,265
$39,545
$39,825
$40,105
$40,385
$40,665
$40,945
$41,225
$41,505
$676,000
$677,000
$678,000
$679,000
$680,000
$681,000
$682,000
$683,000
$684,000
$685,000
$686,000
$687,000
$688,000
$689,000
$690,000
$691,000
$692,000
$693,000
$694,000
$695,000
$696,000
$697,000
$698,000
$699,000
$700,000
$701,000
$702,000
$703,000
$704,000
$705,000
$706,000
$707,000
$708,000
$709,000
$710,000
$711,000
$712,000
$713,000
$714,000
$715,000
$716,000
$717,000
$718,000
$719,000
$720,000
$721,000
$722,000
$723,000
$724,000
$241,519
$241,915
$242,311
$242,707
$243,103
$243,499
$243,895
$244,291
$244,687
$245,083
$245,479
$245,875
$246,271
$246,667
$247,063
$247,459
$247,855
$248,251
$248,647
$249,043
$249,439
$249,835
$250,231
$250,627
$251,023
$251,419
$251,815
$252,211
$252,607
$253,003
$253,399
$253,795
$254,191
$254,587
$254,983
$255,379
$255,775
$256,171
$256,567
$256,963
$257,359
$257,755
$258,151
$258,547
$258,943
$259,339
$259,735
$260,131
$260,527
$194,000
$195,000
$196,000
$197,000
$198,000
$199,000
$200,000
$201,000
$202,000
$203,000
$204,000
$205,000
$206,000
$207,000
$208,000
$209,000
$210,000
$211,000
$212,000
$213,000
$214,000
$215,000
$216,000
$217,000
$218,000
$219,000
$220,000
$221,000
$222,000
$223,000
$224,000
$225,000
$226,000
$227,000
$228,000
$229,000
$230,000
$231,000
$232,000
$233,000
$234,000
$235,000
$236,000
$237,000
$238,000
$239,000
$240,000
$241,000
$242,000
$41,785
$42,065
$42,345
$42,625
$42,905
$43,185
$43,465
$43,745
$44,025
$44,305
$44,585
$44,865
$45,145
$45,425
$45,705
$45,985
$46,265
$46,545
$46,825
$47,105
$47,385
$47,665
$47,945
$48,225
$48,505
$48,785
$49,065
$49,345
$49,625
$49,905
$50,233
$50,563
$50,893
$51,223
$51,553
$51,883
$52,213
$52,543
$52,873
$53,203
$53,533
$53,863
$54,193
$54,523
$54,853
$55,183
$55,513
$55,843
$56,173
$725,000
$726,000
$727,000
$728,000
$729,000
$730,000
$731,000
$732,000
$260,923
$261,319
$261,715
$262,111
$262,507
$262,903
$263,299
$263,695
$243,000
$244,000
$245,000
$246,000
$247,000
$248,000
$249,000
$250,000
$56,503
$56,833
$57,163
$57,493
$57,823
$58,153
$58,483
$58,813
verage/Effective Federal Tax Bracket Calculator
2013/14
State, Local, SS, & Medicare Taxes not Considered

Total Deductions:
$20,000
Total Exemptions:
Taxable Income:
$39,400
Taxable Income
Tax Due
$251,000
$252,000
$253,000
$254,000
$255,000
$256,000
$257,000
$258,000
$259,000
$260,000
$261,000
$262,000
$263,000
$264,000
$265,000
$266,000
$267,000
$268,000
$269,000
$270,000
$271,000
$272,000
$273,000
$274,000
$275,000
$276,000
$277,000
$278,000
$279,000
$280,000
$281,000
$282,000
$283,000
$284,000
$285,000
$286,000
$287,000
$59,143
$59,473
$59,803
$60,133
$60,463
$60,793
$61,123
$61,453
$61,783
$62,113
$62,443
$62,773
$63,103
$63,433
$63,763
$64,093
$64,423
$64,753
$65,083
$65,413
$65,743
$66,073
$66,403
$66,733
$67,063
$67,393
$67,723
$68,053
$68,383
$68,713
$69,043
$69,373
$69,703
$70,033
$70,363
$70,693
$71,023
Average
Bracket
Taxable Income
Tax Due
$492,000
$493,000
$494,000
$495,000
$496,000
$497,000
$498,000
$499,000
$500,000
$501,000
$502,000
$503,000
$504,000
$505,000
$506,000
$507,000
$508,000
$509,000
$510,000
$511,000
$512,000
$513,000
$514,000
$515,000
$516,000
$517,000
$518,000
$519,000
$520,000
$521,000
$522,000
$523,000
$524,000
$525,000
$526,000
$527,000
$528,000
$142,478
$142,874
$143,270
$143,666
$144,062
$144,458
$144,854
$145,250
$145,646
$146,042
$146,438
$146,834
$147,230
$147,626
$148,022
$148,418
$148,814
$149,210
$149,606
$150,002
$150,398
$150,794
$151,190
$151,586
$151,982
$152,378
$152,774
$153,170
$153,566
$153,962
$154,358
$154,754
$155,150
$155,546
$155,942
$156,338
$156,734
Average
Bracket
$288,000
$289,000
$290,000
$291,000
$292,000
$293,000
$294,000
$295,000
$296,000
$297,000
$298,000
$299,000
$300,000
$301,000
$302,000
$303,000
$304,000
$305,000
$306,000
$307,000
$308,000
$309,000
$310,000
$311,000
$312,000
$313,000
$314,000
$315,000
$316,000
$317,000
$318,000
$319,000
$320,000
$321,000
$322,000
$323,000
$324,000
$325,000
$326,000
$327,000
$328,000
$329,000
$330,000
$331,000
$332,000
$333,000
$334,000
$335,000
$336,000
$71,353
$71,683
$72,013
$72,343
$72,673
$73,003
$73,333
$73,663
$73,993
$74,323
$74,653
$74,983
$75,313
$75,643
$75,973
$76,303
$76,633
$76,963
$77,293
$77,623
$77,953
$78,283
$78,613
$78,943
$79,273
$79,603
$79,933
$80,263
$80,593
$80,923
$81,253
$81,583
$81,913
$82,243
$82,573
$82,903
$83,233
$83,563
$83,893
$84,223
$84,553
$84,883
$85,213
$85,543
$85,873
$86,203
$86,533
$86,863
$87,193
$529,000
$530,000
$531,000
$532,000
$533,000
$534,000
$535,000
$536,000
$537,000
$538,000
$539,000
$540,000
$541,000
$542,000
$543,000
$544,000
$545,000
$546,000
$547,000
$548,000
$549,000
$550,000
$551,000
$552,000
$553,000
$554,000
$555,000
$556,000
$557,000
$558,000
$559,000
$560,000
$561,000
$562,000
$563,000
$564,000
$565,000
$566,000
$567,000
$568,000
$569,000
$570,000
$571,000
$572,000
$573,000
$574,000
$575,000
$576,000
$577,000
$157,130
$157,526
$157,922
$158,318
$158,714
$159,110
$159,506
$159,902
$160,298
$160,694
$161,090
$161,486
$161,882
$162,278
$162,674
$163,070
$163,466
$163,862
$164,258
$164,654
$165,050
$165,446
$165,842
$166,238
$166,634
$167,030
$167,426
$167,822
$168,218
$168,614
$169,010
$169,406
$169,802
$170,198
$170,594
$170,990
$171,386
$171,782
$172,178
$172,574
$172,970
$173,366
$173,762
$174,158
$174,554
$174,950
$175,346
$175,742
$176,138
$337,000
$338,000
$339,000
$340,000
$341,000
$342,000
$343,000
$344,000
$345,000
$346,000
$347,000
$348,000
$349,000
$350,000
$351,000
$352,000
$353,000
$354,000
$355,000
$356,000
$357,000
$358,000
$359,000
$360,000
$361,000
$362,000
$363,000
$364,000
$365,000
$366,000
$367,000
$368,000
$369,000
$370,000
$371,000
$372,000
$373,000
$374,000
$375,000
$376,000
$377,000
$378,000
$379,000
$380,000
$381,000
$382,000
$383,000
$384,000
$385,000
$87,523
$87,853
$88,183
$88,513
$88,843
$89,173
$89,503
$89,833
$90,163
$90,493
$90,823
$91,153
$91,483
$91,813
$92,143
$92,473
$92,803
$93,133
$93,463
$93,793
$94,123
$94,453
$94,783
$95,113
$95,443
$95,773
$96,103
$96,433
$96,763
$97,093
$97,423
$97,753
$98,083
$98,413
$98,743
$99,073
$99,403
$99,733
$100,063
$100,393
$100,723
$101,053
$101,383
$101,713
$102,043
$102,373
$102,703
$103,033
$103,363
$578,000
$579,000
$580,000
$581,000
$582,000
$583,000
$584,000
$585,000
$586,000
$587,000
$588,000
$589,000
$590,000
$591,000
$592,000
$593,000
$594,000
$595,000
$596,000
$597,000
$598,000
$599,000
$600,000
$601,000
$602,000
$603,000
$604,000
$605,000
$606,000
$607,000
$608,000
$609,000
$610,000
$611,000
$612,000
$613,000
$614,000
$615,000
$616,000
$617,000
$618,000
$619,000
$620,000
$621,000
$622,000
$623,000
$624,000
$625,000
$626,000
$176,534
$176,930
$177,326
$177,722
$178,118
$178,514
$178,910
$179,306
$179,702
$180,098
$180,494
$180,890
$181,286
$181,682
$182,078
$182,474
$182,870
$183,266
$183,662
$184,058
$184,454
$184,850
$185,246
$185,642
$186,038
$186,434
$186,830
$187,226
$187,622
$188,018
$188,414
$188,810
$189,206
$189,602
$189,998
$190,394
$190,790
$191,186
$191,582
$191,978
$192,374
$192,770
$193,166
$193,562
$193,958
$194,354
$194,750
$195,146
$195,542
$386,000
$387,000
$388,000
$389,000
$390,000
$391,000
$392,000
$393,000
$394,000
$395,000
$396,000
$397,000
$398,000
$399,000
$400,000
$401,000
$402,000
$403,000
$404,000
$405,000
$406,000
$407,000
$408,000
$409,000
$410,000
$411,000
$412,000
$413,000
$414,000
$415,000
$416,000
$417,000
$418,000
$419,000
$420,000
$421,000
$422,000
$423,000
$424,000
$425,000
$426,000
$427,000
$428,000
$429,000
$430,000
$431,000
$432,000
$433,000
$434,000
$103,693
$104,023
$104,353
$104,683
$105,013
$105,343
$105,673
$106,003
$106,333
$106,663
$106,993
$107,323
$107,653
$107,996
$108,346
$108,696
$109,046
$109,396
$109,746
$110,096
$110,446
$110,796
$111,146
$111,496
$111,846
$112,196
$112,546
$112,896
$113,246
$113,596
$113,946
$114,296
$114,646
$114,996
$115,346
$115,696
$116,046
$116,396
$116,746
$117,096
$117,446
$117,796
$118,146
$118,496
$118,846
$119,196
$119,546
$119,896
$120,246
$627,000
$628,000
$629,000
$630,000
$631,000
$632,000
$633,000
$634,000
$635,000
$636,000
$637,000
$638,000
$639,000
$640,000
$641,000
$642,000
$643,000
$644,000
$645,000
$646,000
$647,000
$648,000
$649,000
$650,000
$651,000
$652,000
$653,000
$654,000
$655,000
$656,000
$657,000
$658,000
$659,000
$660,000
$661,000
$662,000
$663,000
$664,000
$665,000
$666,000
$667,000
$668,000
$669,000
$670,000
$671,000
$672,000
$673,000
$674,000
$675,000
$195,938
$196,334
$196,730
$197,126
$197,522
$197,918
$198,314
$198,710
$199,106
$199,502
$199,898
$200,294
$200,690
$201,086
$201,482
$201,878
$202,274
$202,670
$203,066
$203,462
$203,858
$204,254
$204,650
$205,046
$205,442
$205,838
$206,234
$206,630
$207,026
$207,422
$207,818
$208,214
$208,610
$209,006
$209,402
$209,798
$210,194
$210,590
$210,986
$211,382
$211,778
$212,174
$212,570
$212,966
$213,362
$213,758
$214,154
$214,550
$214,946
$435,000
$436,000
$437,000
$438,000
$439,000
$440,000
$441,000
$442,000
$443,000
$444,000
$445,000
$446,000
$447,000
$448,000
$449,000
$450,000
$451,000
$452,000
$453,000
$454,000
$455,000
$456,000
$457,000
$458,000
$459,000
$460,000
$461,000
$462,000
$463,000
$464,000
$465,000
$466,000
$467,000
$468,000
$469,000
$470,000
$471,000
$472,000
$473,000
$474,000
$475,000
$476,000
$477,000
$478,000
$479,000
$480,000
$481,000
$482,000
$483,000
$120,596
$120,946
$121,296
$121,646
$121,996
$122,346
$122,696
$123,046
$123,396
$123,746
$124,096
$124,446
$124,796
$125,146
$125,496
$125,846
$126,242
$126,638
$127,034
$127,430
$127,826
$128,222
$128,618
$129,014
$129,410
$129,806
$130,202
$130,598
$130,994
$131,390
$131,786
$132,182
$132,578
$132,974
$133,370
$133,766
$134,162
$134,558
$134,954
$135,350
$135,746
$136,142
$136,538
$136,934
$137,330
$137,726
$138,122
$138,518
$138,914
$676,000
$677,000
$678,000
$679,000
$680,000
$681,000
$682,000
$683,000
$684,000
$685,000
$686,000
$687,000
$688,000
$689,000
$690,000
$691,000
$692,000
$693,000
$694,000
$695,000
$696,000
$697,000
$698,000
$699,000
$700,000
$701,000
$702,000
$703,000
$704,000
$705,000
$706,000
$707,000
$708,000
$709,000
$710,000
$711,000
$712,000
$713,000
$714,000
$715,000
$716,000
$717,000
$718,000
$719,000
$720,000
$721,000
$722,000
$723,000
$724,000
$215,342
$215,738
$216,134
$216,530
$216,926
$217,322
$217,718
$218,114
$218,510
$218,906
$219,302
$219,698
$220,094
$220,490
$220,886
$221,282
$221,678
$222,074
$222,470
$222,866
$223,262
$223,658
$224,054
$224,450
$224,846
$225,242
$225,638
$226,034
$226,430
$226,826
$227,222
$227,618
$228,014
$228,410
$228,806
$229,202
$229,598
$229,994
$230,390
$230,786
$231,182
$231,578
$231,974
$232,370
$232,766
$233,162
$233,558
$233,954
$234,350
$484,000
$485,000
$486,000
$487,000
$488,000
$489,000
$490,000
$491,000
$139,310
$139,706
$140,102
$140,498
$140,894
$141,290
$141,686
$142,082
$725,000
$726,000
$727,000
$728,000
$729,000
$730,000
$731,000
$732,000
$234,746
$235,142
$235,538
$235,934
$236,330
$236,726
$237,122
$237,518
2013/14 Average/Effective Federal Tax Bracket Calculator

For Married Filing Separately
State, Local, SS, & Medicare Taxes not Consider
Total Exemptions:
Total Deductions:
$20,000
$75,000
Taxable Income:
$39,400
Taxable Income
Tax Due
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
$18,000
$19,000
$20,000
$21,000
$22,000
$23,000
$24,000
$25,000
$26,000
$27,000
$28,000
$29,000
$30,000
$31,000
$32,000
$33,000
$34,000
$35,000
$36,000
$37,000
$38,000
$39,000
$40,000
$41,000
$42,000
$43,000
$44,000
$45,000
$46,000
$1,058
$1,208
$1,358
$1,508
$1,658
$1,808
$1,958
$2,108
$2,258
$2,408
$2,558
$2,708
$2,858
$3,008
$3,158
$3,308
$3,458
$3,608
$3,758
$3,908
$4,058
$4,208
$4,358
$4,508
$4,658
$4,808
$4,958
$5,158
$5,435
$5,685
$5,935
$6,185
$6,435
$6,685
$6,935
$7,185
$7,435
Average
Bracket
7.6%
7.9%
Taxable Income
Tax Due
$251,000
$252,000
$253,000
$254,000
$255,000
$256,000
$257,000
$258,000
$259,000
$260,000
$261,000
$262,000
$263,000
$264,000
$265,000
$266,000
$267,000
$268,000
$269,000
$270,000
$271,000
$272,000
$273,000
$274,000
$275,000
$276,000
$277,000
$278,000
$279,000
$280,000
$281,000
$282,000
$283,000
$284,000
$285,000
$286,000
$287,000
$73,219
$73,615
$74,011
$74,407
$74,803
$75,199
$75,595
$75,991
$76,387
$76,783
$77,179
$77,575
$77,971
$78,367
$78,763
$79,159
$79,555
$79,951
$80,347
$80,743
$81,139
$81,535
$81,931
$82,327
$82,723
$83,119
$83,515
$83,911
$84,307
$84,703
$85,099
$85,495
$85,891
$86,287
$86,683
$87,079
$87,475
Average
Bracket
Taxable Income
$492,000
$493,000
$494,000
$495,000
$496,000
$497,000
$498,000
$499,000
$500,000
$501,000
$502,000
$503,000
$504,000
$505,000
$506,000
$507,000
$508,000
$509,000
$510,000
$511,000
$512,000
$513,000
$514,000
$515,000
$516,000
$517,000
$518,000
$519,000
$520,000
$521,000
$522,000
$523,000
$524,000
$525,000
$526,000
$527,000
$528,000
$47,000
$48,000
$49,000
$50,000
$51,000
$52,000
$53,000
$54,000
$55,000
$56,000
$57,000
$58,000
$59,000
$60,000
$61,000
$62,000
$63,000
$64,000
$65,000
$66,000
$67,000
$68,000
$69,000
$70,000
$71,000
$72,000
$73,000
$74,000
$75,000
$76,000
$77,000
$78,000
$79,000
$80,000
$81,000
$82,000
$83,000
$84,000
$85,000
$86,000
$87,000
$88,000
$89,000
$90,000
$91,000
$92,000
$93,000
$94,000
$95,000
$7,685
$7,935
$8,185
$8,435
$8,685
$8,935
$9,185
$9,435
$9,685
$9,935
$10,185
$10,435
$10,685
$10,935
$11,185
$11,435
$11,685
$11,935
$12,185
$12,435
$12,685
$12,935
$13,185
$13,435
$13,685
$13,935
$14,185
$14,460
$14,740
$15,020
$15,300
$15,580
$15,860
$16,140
$16,420
$16,700
$16,980
$17,260
$17,540
$17,820
$18,100
$18,380
$18,660
$18,940
$19,220
$19,500
$19,780
$20,060
$20,340
$288,000
$289,000
$290,000
$291,000
$292,000
$293,000
$294,000
$295,000
$296,000
$297,000
$298,000
$299,000
$300,000
$301,000
$302,000
$303,000
$304,000
$305,000
$306,000
$307,000
$308,000
$309,000
$310,000
$311,000
$312,000
$313,000
$314,000
$315,000
$316,000
$317,000
$318,000
$319,000
$320,000
$321,000
$322,000
$323,000
$324,000
$325,000
$326,000
$327,000
$328,000
$329,000
$330,000
$331,000
$332,000
$333,000
$334,000
$335,000
$336,000
$87,871
$88,267
$88,663
$89,059
$89,455
$89,851
$90,247
$90,643
$91,039
$91,435
$91,831
$92,227
$92,623
$93,019
$93,415
$93,811
$94,207
$94,603
$94,999
$95,395
$95,791
$96,187
$96,583
$96,979
$97,375
$97,771
$98,167
$98,563
$98,959
$99,355
$99,751
$100,147
$100,543
$100,939
$101,335
$101,731
$102,127
$102,523
$102,919
$103,315
$103,711
$104,107
$104,503
$104,899
$105,295
$105,691
$106,087
$106,483
$106,879
$529,000
$530,000
$531,000
$532,000
$533,000
$534,000
$535,000
$536,000
$537,000
$538,000
$539,000
$540,000
$541,000
$542,000
$543,000
$544,000
$545,000
$546,000
$547,000
$548,000
$549,000
$550,000
$551,000
$552,000
$553,000
$554,000
$555,000
$556,000
$557,000
$558,000
$559,000
$560,000
$561,000
$562,000
$563,000
$564,000
$565,000
$566,000
$567,000
$568,000
$569,000
$570,000
$571,000
$572,000
$573,000
$574,000
$575,000
$576,000
$577,000
$96,000
$97,000
$98,000
$99,000
$100,000
$101,000
$102,000
$103,000
$104,000
$105,000
$106,000
$107,000
$108,000
$109,000
$110,000
$111,000
$112,000
$113,000
$114,000
$115,000
$116,000
$117,000
$118,000
$119,000
$120,000
$121,000
$122,000
$123,000
$124,000
$125,000
$126,000
$127,000
$128,000
$129,000
$130,000
$131,000
$132,000
$133,000
$134,000
$135,000
$136,000
$137,000
$138,000
$139,000
$140,000
$141,000
$142,000
$143,000
$144,000
$20,620
$20,900
$21,180
$21,460
$21,733
$22,013
$22,293
$22,573
$22,853
$23,133
$23,413
$23,693
$23,973
$24,253
$24,533
$24,813
$25,476
$25,806
$26,136
$26,466
$26,796
$27,126
$27,456
$27,786
$28,116
$28,446
$28,776
$29,106
$29,436
$29,766
$30,096
$30,426
$30,756
$31,086
$31,416
$31,746
$32,076
$32,406
$32,736
$33,066
$33,396
$33,726
$34,056
$34,386
$34,716
$35,046
$35,376
$35,706
$36,036
$337,000
$338,000
$339,000
$340,000
$341,000
$342,000
$343,000
$344,000
$345,000
$346,000
$347,000
$348,000
$349,000
$350,000
$351,000
$352,000
$353,000
$354,000
$355,000
$356,000
$357,000
$358,000
$359,000
$360,000
$361,000
$362,000
$363,000
$364,000
$365,000
$366,000
$367,000
$368,000
$369,000
$370,000
$371,000
$372,000
$373,000
$374,000
$375,000
$376,000
$377,000
$378,000
$379,000
$380,000
$381,000
$382,000
$383,000
$384,000
$385,000
$107,275
$107,671
$108,067
$108,463
$108,859
$109,255
$109,651
$110,047
$110,443
$110,839
$111,235
$111,631
$112,027
$112,423
$112,819
$113,215
$113,611
$114,007
$114,403
$114,799
$115,195
$115,591
$115,987
$116,383
$116,779
$117,175
$117,571
$117,967
$118,363
$118,759
$119,155
$119,551
$119,947
$120,343
$120,739
$121,135
$121,531
$121,927
$122,323
$122,719
$123,115
$123,511
$123,907
$124,303
$124,699
$125,095
$125,491
$125,887
$126,283
$578,000
$579,000
$580,000
$581,000
$582,000
$583,000
$584,000
$585,000
$586,000
$587,000
$588,000
$589,000
$590,000
$591,000
$592,000
$593,000
$594,000
$595,000
$596,000
$597,000
$598,000
$599,000
$600,000
$601,000
$602,000
$603,000
$604,000
$605,000
$606,000
$607,000
$608,000
$609,000
$610,000
$611,000
$612,000
$613,000
$614,000
$615,000
$616,000
$617,000
$618,000
$619,000
$620,000
$621,000
$622,000
$623,000
$624,000
$625,000
$626,000
$145,000
$146,000
$147,000
$148,000
$149,000
$150,000
$151,000
$152,000
$153,000
$154,000
$155,000
$156,000
$157,000
$158,000
$159,000
$160,000
$161,000
$162,000
$163,000
$164,000
$165,000
$166,000
$167,000
$168,000
$169,000
$170,000
$171,000
$172,000
$173,000
$174,000
$175,000
$176,000
$177,000
$178,000
$179,000
$180,000
$181,000
$182,000
$183,000
$184,000
$185,000
$186,000
$187,000
$188,000
$189,000
$190,000
$191,000
$192,000
$193,000
$36,366
$36,696
$37,026
$37,356
$37,686
$38,016
$38,346
$38,676
$39,006
$39,336
$39,666
$39,996
$40,326
$40,656
$40,986
$41,316
$41,646
$41,976
$42,306
$42,636
$42,966
$43,296
$43,626
$43,956
$44,286
$44,616
$44,946
$45,276
$45,606
$45,936
$46,266
$46,596
$46,926
$47,256
$47,586
$47,916
$48,246
$48,576
$48,906
$49,236
$49,566
$49,896
$50,226
$50,556
$50,886
$51,216
$51,546
$51,876
$52,206
$386,000
$387,000
$388,000
$389,000
$390,000
$391,000
$392,000
$393,000
$394,000
$395,000
$396,000
$397,000
$398,000
$399,000
$400,000
$401,000
$402,000
$403,000
$404,000
$405,000
$406,000
$407,000
$408,000
$409,000
$410,000
$411,000
$412,000
$413,000
$414,000
$415,000
$416,000
$417,000
$418,000
$419,000
$420,000
$421,000
$422,000
$423,000
$424,000
$425,000
$426,000
$427,000
$428,000
$429,000
$430,000
$431,000
$432,000
$433,000
$434,000
$126,679
$127,075
$127,471
$127,867
$128,263
$128,659
$129,055
$129,451
$129,847
$130,243
$130,639
$131,035
$131,431
$131,827
$132,223
$132,619
$133,015
$133,411
$133,807
$134,203
$134,599
$134,995
$135,391
$135,787
$136,183
$136,579
$136,975
$137,371
$137,767
$138,163
$138,559
$138,955
$139,351
$139,747
$140,143
$140,539
$140,935
$141,331
$141,727
$142,123
$142,519
$142,915
$143,311
$143,707
$144,103
$144,499
$144,895
$145,291
$145,687
$627,000
$628,000
$629,000
$630,000
$631,000
$632,000
$633,000
$634,000
$635,000
$636,000
$637,000
$638,000
$639,000
$640,000
$641,000
$642,000
$643,000
$644,000
$645,000
$646,000
$647,000
$648,000
$649,000
$650,000
$651,000
$652,000
$653,000
$654,000
$655,000
$656,000
$657,000
$658,000
$659,000
$660,000
$661,000
$662,000
$663,000
$664,000
$665,000
$666,000
$667,000
$668,000
$669,000
$670,000
$671,000
$672,000
$673,000
$674,000
$675,000
$194,000
$195,000
$196,000
$197,000
$198,000
$199,000
$200,000
$201,000
$202,000
$203,000
$204,000
$205,000
$206,000
$207,000
$208,000
$209,000
$210,000
$211,000
$212,000
$213,000
$214,000
$215,000
$216,000
$217,000
$218,000
$219,000
$220,000
$221,000
$222,000
$223,000
$224,000
$225,000
$226,000
$227,000
$228,000
$229,000
$230,000
$231,000
$232,000
$233,000
$234,000
$235,000
$236,000
$237,000
$238,000
$239,000
$240,000
$241,000
$242,000
$52,536
$52,866
$53,196
$53,526
$53,856
$54,186
$53,023
$53,419
$53,815
$54,211
$54,607
$55,003
$55,399
$55,795
$56,191
$56,587
$56,983
$57,379
$57,775
$58,171
$58,567
$58,963
$59,359
$59,755
$60,151
$60,547
$60,943
$61,339
$61,735
$62,131
$62,527
$62,923
$63,319
$63,715
$64,111
$64,507
$64,903
$65,299
$65,695
$66,091
$66,487
$66,883
$67,279
$67,675
$68,071
$68,467
$68,863
$69,259
$69,655
$435,000
$436,000
$437,000
$438,000
$439,000
$440,000
$441,000
$442,000
$443,000
$444,000
$445,000
$446,000
$447,000
$448,000
$449,000
$450,000
$451,000
$452,000
$453,000
$454,000
$455,000
$456,000
$457,000
$458,000
$459,000
$460,000
$461,000
$462,000
$463,000
$464,000
$465,000
$466,000
$467,000
$468,000
$469,000
$470,000
$471,000
$472,000
$473,000
$474,000
$475,000
$476,000
$477,000
$478,000
$479,000
$480,000
$481,000
$482,000
$483,000
$146,083
$146,479
$146,875
$147,271
$147,667
$148,063
$148,459
$148,855
$149,251
$149,647
$150,043
$150,439
$150,835
$151,231
$151,627
$152,023
$152,419
$152,815
$153,211
$153,607
$154,003
$154,399
$154,795
$155,191
$155,587
$155,983
$156,379
$156,775
$157,171
$157,567
$157,963
$158,359
$158,755
$159,151
$159,547
$159,943
$160,339
$160,735
$161,131
$161,527
$161,923
$162,319
$162,715
$163,111
$163,507
$163,903
$164,299
$164,695
$165,091
$676,000
$677,000
$678,000
$679,000
$680,000
$681,000
$682,000
$683,000
$684,000
$685,000
$686,000
$687,000
$688,000
$689,000
$690,000
$691,000
$692,000
$693,000
$694,000
$695,000
$696,000
$697,000
$698,000
$699,000
$700,000
$701,000
$702,000
$703,000
$704,000
$705,000
$706,000
$707,000
$708,000
$709,000
$710,000
$711,000
$712,000
$713,000
$714,000
$715,000
$716,000
$717,000
$718,000
$719,000
$720,000
$721,000
$722,000
$723,000
$724,000
$243,000
$244,000
$245,000
$246,000
$247,000
$248,000
$249,000
$250,000
$70,051
$70,447
$70,843
$71,239
$71,635
$72,031
$72,427
$72,823
$484,000
$485,000
$486,000
$487,000
$488,000
$489,000
$490,000
$491,000
$165,487
$165,883
$166,279
$166,675
$167,071
$167,467
$167,863
$168,259
$725,000
$726,000
$727,000
$728,000
$729,000
$730,000
$731,000
$732,000
t Calculator
2013/14 Average/Effective Federal Tax Bra
dicare Taxes not Considered
For Filing Head of Household
State, Local, SS, &
Total Exemptions:
Total Deductions:
$75,000
Taxable Income:
Tax Due
$168,655
$169,051
$169,447
$169,843
$170,239
$170,635
$171,031
$171,427
$171,823
$172,219
$172,615
$173,011
$173,407
$173,803
$174,199
$174,595
$174,991
$175,387
$175,783
$176,179
$176,575
$176,971
$177,367
$177,763
$178,159
$178,555
$178,951
$179,347
$179,743
$180,139
$180,535
$180,931
$181,327
$181,723
$182,119
$182,515
$182,911
Average
Bracket
Taxable Income
Tax Due
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
$18,000
$19,000
$20,000
$21,000
$22,000
$23,000
$24,000
$25,000
$26,000
$27,000
$28,000
$29,000
$30,000
$31,000
$32,000
$33,000
$34,000
$35,000
$36,000
$37,000
$38,000
$39,000
$40,000
$41,000
$42,000
$43,000
$44,000
$45,000
$46,000
$1,003
$1,103
$1,203
$1,316
$1,466
$1,616
$1,766
$1,916
$2,066
$2,216
$2,366
$2,516
$2,666
$2,816
$2,966
$3,116
$3,266
$3,416
$3,566
$3,716
$3,866
$4,016
$4,166
$4,316
$4,466
$4,616
$4,766
$4,916
$5,066
$5,216
$5,386
$5,516
$5,666
$5,816
$5,966
$6,116
$6,266
Average
Bracket
7.0%
7.2%
Taxable Income
Tax Due
$251,000
$252,000
$253,000
$254,000
$255,000
$256,000
$257,000
$258,000
$259,000
$260,000
$261,000
$262,000
$263,000
$264,000
$265,000
$266,000
$267,000
$268,000
$269,000
$270,000
$271,000
$272,000
$273,000
$274,000
$275,000
$276,000
$277,000
$278,000
$279,000
$280,000
$281,000
$282,000
$283,000
$284,000
$285,000
$286,000
$287,000
$63,411
$63,741
$64,071
$64,401
$64,731
$65,061
$65,391
$65,721
$66,051
$66,381
$66,711
$67,041
$67,371
$67,701
$68,031
$68,361
$68,691
$69,021
$69,351
$69,681
$70,011
$70,341
$70,671
$71,001
$71,331
$71,661
$71,991
$72,321
$72,651
$72,981
$73,311
$73,641
$73,971
$74,301
$74,631
$74,961
$75,291
$183,307
$183,703
$184,099
$184,495
$184,891
$185,287
$185,683
$186,079
$186,475
$186,871
$187,267
$187,663
$188,059
$188,455
$188,851
$189,247
$189,643
$190,039
$190,435
$190,831
$191,227
$191,623
$192,019
$192,415
$192,811
$193,207
$193,603
$193,999
$194,395
$194,791
$195,187
$195,583
$195,979
$196,375
$196,771
$197,167
$197,563
$197,959
$198,355
$198,751
$199,147
$199,543
$199,939
$200,335
$200,731
$201,127
$201,523
$201,919
$202,315
$47,000
$48,000
$49,000
$50,000
$51,000
$52,000
$53,000
$54,000
$55,000
$56,000
$57,000
$58,000
$59,000
$60,000
$61,000
$62,000
$63,000
$64,000
$65,000
$66,000
$67,000
$68,000
$69,000
$70,000
$71,000
$72,000
$73,000
$74,000
$75,000
$76,000
$77,000
$78,000
$79,000
$80,000
$81,000
$82,000
$83,000
$84,000
$85,000
$86,000
$87,000
$88,000
$89,000
$90,000
$91,000
$92,000
$93,000
$94,000
$95,000
$6,416
$6,566
$6,759
$7,009
$7,259
$7,509
$7,759
$8,009
$8,259
$8,509
$8,759
$9,009
$9,259
$9,509
$9,759
$10,009
$10,259
$10,509
$10,759
$11,009
$11,259
$11,509
$11,759
$12,009
$12,259
$12,509
$12,759
$13,009
$13,259
$13,509
$13,759
$14,009
$14,259
$14,509
$14,759
$15,009
$15,259
$15,509
$15,759
$16,009
$16,259
$16,509
$16,759
$17,009
$17,259
$17,509
$17,759
$18,009
$18,259
$288,000
$289,000
$290,000
$291,000
$292,000
$293,000
$294,000
$295,000
$296,000
$297,000
$298,000
$299,000
$300,000
$301,000
$302,000
$303,000
$304,000
$305,000
$306,000
$307,000
$308,000
$309,000
$310,000
$311,000
$312,000
$313,000
$314,000
$315,000
$316,000
$317,000
$318,000
$319,000
$320,000
$321,000
$322,000
$323,000
$324,000
$325,000
$326,000
$327,000
$328,000
$329,000
$330,000
$331,000
$332,000
$333,000
$334,000
$335,000
$336,000
$75,621
$75,951
$76,281
$76,611
$76,941
$77,271
$77,601
$77,931
$78,261
$78,591
$78,921
$79,251
$79,581
$79,911
$80,241
$80,571
$80,901
$81,231
$81,561
$81,891
$82,221
$82,551
$82,881
$83,211
$83,541
$83,871
$84,201
$84,531
$84,861
$85,191
$85,521
$85,851
$86,181
$86,511
$86,841
$87,171
$87,501
$87,831
$88,161
$88,491
$88,821
$89,151
$89,481
$89,811
$90,141
$90,471
$90,801
$91,131
$91,461
$202,711
$203,107
$203,503
$203,899
$204,295
$204,691
$205,087
$205,483
$205,879
$206,275
$206,671
$207,067
$207,463
$207,859
$208,255
$208,651
$209,047
$209,443
$209,839
$210,235
$210,631
$211,027
$211,423
$211,819
$212,215
$212,611
$213,007
$213,403
$213,799
$214,195
$214,591
$214,987
$215,383
$215,779
$216,175
$216,571
$216,967
$217,363
$217,759
$218,155
$218,551
$218,947
$219,343
$219,739
$220,135
$220,531
$220,927
$221,323
$221,719
$96,000
$97,000
$98,000
$99,000
$100,000
$101,000
$102,000
$103,000
$104,000
$105,000
$106,000
$107,000
$108,000
$109,000
$110,000
$111,000
$112,000
$113,000
$114,000
$115,000
$116,000
$117,000
$118,000
$119,000
$120,000
$121,000
$122,000
$123,000
$124,000
$125,000
$126,000
$127,000
$128,000
$129,000
$130,000
$131,000
$132,000
$133,000
$134,000
$135,000
$136,000
$137,000
$138,000
$139,000
$140,000
$141,000
$142,000
$143,000
$144,000
$18,509
$18,759
$19,009
$19,259
$19,052
$19,302
$19,552
$19,802
$20,052
$20,302
$20,552
$20,802
$21,052
$21,302
$21,552
$21,802
$22,052
$22,302
$22,552
$22,802
$23,052
$23,302
$23,552
$23,802
$24,052
$24,302
$24,552
$24,802
$25,052
$25,302
$26,019
$26,299
$26,579
$26,859
$27,139
$27,419
$27,699
$27,979
$28,259
$28,539
$28,819
$29,099
$29,379
$29,659
$29,939
$30,219
$30,499
$30,779
$31,059
$337,000
$338,000
$339,000
$340,000
$341,000
$342,000
$343,000
$344,000
$345,000
$346,000
$347,000
$348,000
$349,000
$350,000
$351,000
$352,000
$353,000
$354,000
$355,000
$356,000
$357,000
$358,000
$359,000
$360,000
$361,000
$362,000
$363,000
$364,000
$365,000
$366,000
$367,000
$368,000
$369,000
$370,000
$371,000
$372,000
$373,000
$374,000
$375,000
$376,000
$377,000
$378,000
$379,000
$380,000
$381,000
$382,000
$383,000
$384,000
$385,000
$91,791
$92,121
$92,451
$92,781
$93,111
$93,441
$93,771
$94,101
$94,431
$94,761
$95,091
$95,421
$95,751
$96,081
$96,411
$96,741
$97,071
$97,401
$97,731
$98,061
$98,391
$98,721
$99,051
$99,381
$99,711
$100,041
$100,371
$100,701
$101,031
$101,361
$101,691
$102,021
$102,351
$102,681
$103,011
$103,341
$103,671
$104,001
$104,331
$104,661
$104,991
$105,321
$105,651
$105,981
$106,311
$106,641
$106,971
$107,301
$107,631
$222,115
$222,511
$222,907
$223,303
$223,699
$224,095
$224,491
$224,887
$225,283
$225,679
$226,075
$226,471
$226,867
$227,263
$227,659
$228,055
$228,451
$228,847
$229,243
$229,639
$230,035
$230,431
$230,827
$231,223
$231,619
$232,015
$232,411
$232,807
$233,203
$233,599
$233,995
$234,391
$234,787
$235,183
$235,579
$235,975
$236,371
$236,767
$237,163
$237,559
$237,955
$238,351
$238,747
$239,143
$239,539
$239,935
$240,331
$240,727
$241,123
$145,000
$146,000
$147,000
$148,000
$149,000
$150,000
$151,000
$152,000
$153,000
$154,000
$155,000
$156,000
$157,000
$158,000
$159,000
$160,000
$161,000
$162,000
$163,000
$164,000
$165,000
$166,000
$167,000
$168,000
$169,000
$170,000
$171,000
$172,000
$173,000
$174,000
$175,000
$176,000
$177,000
$178,000
$179,000
$180,000
$181,000
$182,000
$183,000
$184,000
$185,000
$186,000
$187,000
$188,000
$189,000
$190,000
$191,000
$192,000
$193,000
$31,339
$31,619
$31,899
$32,179
$32,459
$32,739
$33,019
$33,299
$33,579
$33,859
$34,139
$34,419
$34,699
$34,979
$35,259
$35,539
$35,819
$36,099
$36,379
$36,659
$36,939
$37,219
$37,499
$37,779
$38,059
$38,339
$38,619
$38,899
$39,179
$39,459
$39,739
$40,019
$40,299
$40,579
$40,859
$41,139
$41,419
$41,699
$41,979
$42,259
$42,539
$42,819
$43,099
$43,379
$43,659
$43,939
$44,219
$44,499
$44,779
$386,000
$387,000
$388,000
$389,000
$390,000
$391,000
$392,000
$393,000
$394,000
$395,000
$396,000
$397,000
$398,000
$399,000
$400,000
$401,000
$402,000
$403,000
$404,000
$405,000
$406,000
$407,000
$408,000
$409,000
$410,000
$411,000
$412,000
$413,000
$414,000
$415,000
$416,000
$417,000
$418,000
$419,000
$420,000
$421,000
$422,000
$423,000
$424,000
$425,000
$426,000
$427,000
$428,000
$429,000
$430,000
$431,000
$432,000
$433,000
$434,000
$107,961
$108,291
$108,621
$108,951
$109,281
$109,611
$109,941
$110,271
$110,601
$110,931
$111,261
$111,591
$111,921
$112,264
$112,614
$112,964
$113,314
$113,664
$114,014
$114,364
$114,714
$115,064
$115,414
$115,764
$116,114
$116,464
$116,814
$117,164
$117,514
$117,864
$118,214
$118,564
$118,914
$119,264
$119,614
$119,964
$120,314
$120,664
$121,014
$121,364
$121,760
$122,156
$122,552
$122,948
$123,344
$123,740
$124,136
$124,532
$124,928
$241,519
$241,915
$242,311
$242,707
$243,103
$243,499
$243,895
$244,291
$244,687
$245,083
$245,479
$245,875
$246,271
$246,667
$247,063
$247,459
$247,855
$248,251
$248,647
$249,043
$249,439
$249,835
$250,231
$250,627
$251,023
$251,419
$251,815
$252,211
$252,607
$253,003
$253,399
$253,795
$254,191
$254,587
$254,983
$255,379
$255,775
$256,171
$256,567
$256,963
$257,359
$257,755
$258,151
$258,547
$258,943
$259,339
$259,735
$260,131
$260,527
$194,000
$195,000
$196,000
$197,000
$198,000
$199,000
$200,000
$201,000
$202,000
$203,000
$204,000
$205,000
$206,000
$207,000
$208,000
$209,000
$210,000
$211,000
$212,000
$213,000
$214,000
$215,000
$216,000
$217,000
$218,000
$219,000
$220,000
$221,000
$222,000
$223,000
$224,000
$225,000
$226,000
$227,000
$228,000
$229,000
$230,000
$231,000
$232,000
$233,000
$234,000
$235,000
$236,000
$237,000
$238,000
$239,000
$240,000
$241,000
$242,000
$45,059
$45,339
$45,619
$45,899
$46,179
$46,459
$46,739
$47,019
$47,299
$47,579
$47,901
$48,231
$48,561
$48,891
$49,221
$49,551
$49,881
$50,211
$50,541
$50,871
$51,201
$51,531
$51,861
$52,191
$52,521
$52,851
$53,181
$53,511
$53,841
$54,171
$54,501
$54,831
$55,161
$55,491
$55,821
$56,151
$56,481
$56,811
$57,141
$57,471
$57,801
$58,131
$58,461
$58,791
$59,121
$59,451
$59,781
$60,111
$60,441
$435,000
$436,000
$437,000
$438,000
$439,000
$440,000
$441,000
$442,000
$443,000
$444,000
$445,000
$446,000
$447,000
$448,000
$449,000
$450,000
$451,000
$452,000
$453,000
$454,000
$455,000
$456,000
$457,000
$458,000
$459,000
$460,000
$461,000
$462,000
$463,000
$464,000
$465,000
$466,000
$467,000
$468,000
$469,000
$470,000
$471,000
$472,000
$473,000
$474,000
$475,000
$476,000
$477,000
$478,000
$479,000
$480,000
$481,000
$482,000
$483,000
$125,324
$125,720
$126,116
$126,512
$126,908
$127,304
$127,700
$128,096
$128,492
$128,888
$129,284
$129,680
$130,076
$130,472
$130,868
$131,264
$131,660
$132,056
$132,452
$132,848
$133,244
$133,640
$134,036
$134,432
$134,828
$135,224
$135,620
$136,016
$136,412
$136,808
$137,204
$137,600
$137,996
$138,392
$138,788
$139,184
$139,580
$139,976
$140,372
$140,768
$141,164
$141,560
$141,956
$142,352
$142,748
$143,144
$143,540
$143,936
$144,332
$260,923
$261,319
$261,715
$262,111
$262,507
$262,903
$263,299
$263,695
$243,000
$244,000
$245,000
$246,000
$247,000
$248,000
$249,000
$250,000
$60,771
$61,101
$61,431
$61,761
$62,091
$62,421
$62,751
$63,081
$484,000
$485,000
$486,000
$487,000
$488,000
$489,000
$490,000
$491,000
$144,728
$145,124
$145,520
$145,916
$146,312
$146,708
$147,104
$147,500
Federal Tax Bracket Calculator

State, Local, SS, & Medicare Taxes not Considered
$20,000
$39,400
Average
Bracket
Taxable Income
Tax Due
$492,000
$493,000
$494,000
$495,000
$496,000
$497,000
$498,000
$499,000
$500,000
$501,000
$502,000
$503,000
$504,000
$505,000
$506,000
$507,000
$508,000
$509,000
$510,000
$511,000
$512,000
$513,000
$514,000
$515,000
$516,000
$517,000
$518,000
$519,000
$520,000
$521,000
$522,000
$523,000
$524,000
$525,000
$526,000
$527,000
$528,000
$147,896
$148,292
$148,688
$149,084
$149,480
$149,876
$150,272
$150,668
$151,064
$151,460
$151,856
$152,252
$152,648
$153,044
$153,440
$153,836
$154,232
$154,628
$155,024
$155,420
$155,816
$156,212
$156,608
$157,004
$157,400
$157,796
$158,192
$158,588
$158,984
$159,380
$159,776
$160,172
$160,568
$160,964
$161,360
$161,756
$162,152
Average
Bracket
$529,000
$530,000
$531,000
$532,000
$533,000
$534,000
$535,000
$536,000
$537,000
$538,000
$539,000
$540,000
$541,000
$542,000
$543,000
$544,000
$545,000
$546,000
$547,000
$548,000
$549,000
$550,000
$551,000
$552,000
$553,000
$554,000
$555,000
$556,000
$557,000
$558,000
$559,000
$560,000
$561,000
$562,000
$563,000
$564,000
$565,000
$566,000
$567,000
$568,000
$569,000
$570,000
$571,000
$572,000
$573,000
$574,000
$575,000
$576,000
$577,000
$162,548
$162,944
$163,340
$163,736
$164,132
$164,528
$164,924
$165,320
$165,716
$166,112
$166,508
$166,904
$167,300
$167,696
$168,092
$168,488
$168,884
$169,280
$169,676
$170,072
$170,468
$170,864
$171,260
$171,656
$172,052
$172,448
$172,844
$173,240
$173,636
$174,032
$174,428
$174,824
$175,220
$175,616
$176,012
$176,408
$176,804
$177,200
$177,596
$177,992
$178,388
$178,784
$179,180
$179,576
$179,972
$180,368
$180,764
$181,160
$181,556
$578,000
$579,000
$580,000
$581,000
$582,000
$583,000
$584,000
$585,000
$586,000
$587,000
$588,000
$589,000
$590,000
$591,000
$592,000
$593,000
$594,000
$595,000
$596,000
$597,000
$598,000
$599,000
$600,000
$601,000
$602,000
$603,000
$604,000
$605,000
$606,000
$607,000
$608,000
$609,000
$610,000
$611,000
$612,000
$613,000
$614,000
$615,000
$616,000
$617,000
$618,000
$619,000
$620,000
$621,000
$622,000
$623,000
$624,000
$625,000
$626,000
$181,952
$182,348
$182,744
$183,140
$183,536
$183,932
$184,328
$184,724
$185,120
$185,516
$185,912
$186,308
$186,704
$187,100
$187,496
$187,892
$188,288
$188,684
$189,080
$189,476
$189,872
$190,268
$190,664
$191,060
$191,456
$191,852
$192,248
$192,644
$193,040
$193,436
$193,832
$194,228
$194,624
$195,020
$195,416
$195,812
$196,208
$196,604
$197,000
$197,396
$197,792
$198,188
$198,584
$198,980
$199,376
$199,772
$200,168
$200,564
$200,960
$627,000
$628,000
$629,000
$630,000
$631,000
$632,000
$633,000
$634,000
$635,000
$636,000
$637,000
$638,000
$639,000
$640,000
$641,000
$642,000
$643,000
$644,000
$645,000
$646,000
$647,000
$648,000
$649,000
$650,000
$651,000
$652,000
$653,000
$654,000
$655,000
$656,000
$657,000
$658,000
$659,000
$660,000
$661,000
$662,000
$663,000
$664,000
$665,000
$666,000
$667,000
$668,000
$669,000
$670,000
$671,000
$672,000
$673,000
$674,000
$675,000
$201,356
$201,752
$202,148
$202,544
$202,940
$203,336
$203,732
$204,128
$204,524
$204,920
$205,316
$205,712
$206,108
$206,504
$206,900
$207,296
$207,692
$208,088
$208,484
$208,880
$209,276
$209,672
$210,068
$210,464
$210,860
$211,256
$211,652
$212,048
$212,444
$212,840
$213,236
$213,632
$214,028
$214,424
$214,820
$215,216
$215,612
$216,008
$216,404
$216,800
$217,196
$217,592
$217,988
$218,384
$218,780
$219,176
$219,572
$219,968
$220,364
$676,000
$677,000
$678,000
$679,000
$680,000
$681,000
$682,000
$683,000
$684,000
$685,000
$686,000
$687,000
$688,000
$689,000
$690,000
$691,000
$692,000
$693,000
$694,000
$695,000
$696,000
$697,000
$698,000
$699,000
$700,000
$701,000
$702,000
$703,000
$704,000
$705,000
$706,000
$707,000
$708,000
$709,000
$710,000
$711,000
$712,000
$713,000
$714,000
$715,000
$716,000
$717,000
$718,000
$719,000
$720,000
$721,000
$722,000
$723,000
$724,000
$220,760
$221,156
$221,552
$221,948
$222,344
$222,740
$223,136
$223,532
$223,928
$224,324
$224,720
$225,116
$225,512
$225,908
$226,304
$226,700
$227,096
$227,492
$227,888
$228,284
$228,680
$229,076
$229,472
$229,868
$230,264
$230,660
$231,056
$231,452
$231,848
$232,244
$232,640
$233,036
$233,432
$233,828
$234,224
$234,620
$235,016
$235,412
$235,808
$236,204
$236,600
$236,996
$237,392
$237,788
$238,184
$238,580
$238,976
$239,372
$239,768
$725,000
$726,000
$727,000
$728,000
$729,000
$730,000
$731,000
$732,000
$240,164
$240,560
$240,956
$241,352
$241,748
$242,144
$242,540
$242,936
Generic Conversion Ratio

How many shares you get. Is set at issuance but it automatically
adjust for splits and stock dividends.
$1,000.00
$100.00
10.0
Val
ue
of
bon
< Input Bond's Par Value

< Input Stock Exercise Price
< Conversion Ratio
Ho
w
muc
h
Par Conversion
$1,000.00
< Input Bond's Par Value
10.0
< Input Conversion Ratio
100.0
< Par Conversion
Premium Over Straight Value

Measurement of downside risk: Percentage of straight value.
Higher the premium, the less attractive the bond.
$1,010.00
< Input Market Price of Convertible
$1,000.00
< Input Straight Value of Bond
1.000%
< Premium Over Straight Value
Convertible Bond Calculat

Conversion Value
Value of bond if it's immediately converted. Bond has to sell for at least this amount.
10.0
$100.00
$1,000.00
Favorable Income Differential Per Share

How much more coupon income you get over the total dividend per share.
10.0
$3.00
$50.00
$2.00
Premium Payback Period (break even time)

Time it takes to break even with the stock when holding the bond because the bond pays higher
coupon than the stock dividend. Answer is in years (0.5 = 6 months).
10.0
$2.00
5.0
Convertible Bond Calculators

Conversion Value

< Input Market Price of Common Stock
< Conversion Value
Favorable Income Differential Per Share

< Input Dividend Per Share
< Input Bond Coupon
< Favorable Income Differential Per Share
Premium Payback Period (break even time)
< Input Market Conversion Premium Per Share

< Input Favorable Income Differential Per Share
< Premium Payback Period (break even time)
ators
Market Conversion Price of Stock
Current value of shares for which the bond can be exchanged. Price of stock if bond is purchase
converted. Break even point because once stock price reaches market conversion price, further sto
increase will increase value of convertible by at least the same percentage.
$1,000.00
10.00
$100.00
Market Conversion Premium Per Share
Premium per share of stock paid for buying the bond instead of the stock. Excess of bond's value o
conversion price. Once this value is reached, the bond will go up with the common stock. The "bre
point." Costs more than stock because of the limited downside risk of straight bond.
$102.00
$100.00
$2.00
Conversion Market Premium Ratio
(Of price of stock) How much more (percentage) the stock is worth when exercised when compa
market price.
$2.00
$100.00
2.000%
Market Conversion Price of Stock
< Input Market Price of Bond

< Market Conversion Price of Stock
Market Conversion Premium Per Share
< Input Market Conversion Price of Stock

< Input Current Market Price of Stock
< Market Conversion Premium Per Share
Conversion Market Premium Ratio
< Input Market Conversion Premium Per Share

< Input Market Price of Common Stock
< Conversion Market Premium Ratio
Preferred Stock Yield Calculato
For calculating yields to maturity and yields to call from 2%
Security #
Current
Market
Price
Call
Proceeds
Maturity
Proceeds
Annual
Coupon
Annual
Yield
Call Date
$20.00
$24.10
$25.00
$1.2291
5.1000%
1/1/2012
$21.00
$24.20
$25.00
$1.2584
5.2000%
1/1/2013
$22.00
$24.20
$25.00
$1.2826
5.3000%
1/1/2014
$23.00
$24.20
$25.00
$1.3068
5.4000%
1/1/2015
$24.00
$24.20
$25.00
$1.3310
5.5000%
1/1/2016
$0.0000
$0.0000
$0.0000
$0.0000
10
$0.0000
Yield Calculator
and yields to call from 2% to 35%

Maturity
Date
Yield to Call
Yield to Maturity
1/1/2017
13.565%
8.855%
1/1/2018
9.845%
7.845%
1/1/2019
7.765%
7.070%
1/1/2020
6.495%
6.470%
1/1/2021
5.655%
5.990%
More data needed
More input needed
More data needed
More input needed
More data needed
More input needed
More data needed
More input needed
More data needed
More input needed

Financial Tools

Încărcat de

Informații document

Drepturi de autor

Formate disponibile

Partajați acest document

Partajați sau inserați document

Opțiuni de partajare

Vi se pare util acest document?

Este necorespunzător acest conținut?

Drepturi de autor:

Formate disponibile

Financial Tools

Încărcat de

Drepturi de autor:

Formate disponibile

Unprotected sheet so you can make your own charts and th

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

n charts and the like.

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

The colors on the TVM Calculators sheet should look like t

If they don't then you're either using Excel 2003, or you ne

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

ould look like this.

2003, or you need to update your Excel 2007 to Service Pack 3.

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Simple IRR Calculator for D

360 Period Window Max

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #33

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #76

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #119

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #162

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #205

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #248

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #291

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

< Period #334

Copyright 1997-2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

RR Calculator for Determining the

360 Period Window Maximum

< IRR Per Compounding Period

< The Results Above Times Twelve

Excel isn't too bright sometimes, and needs you to guess at

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

you get an IRR number

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Compound and Simple Interes

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997-2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Simple Interest Calculator

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Gworh of Compound Interest and Sin

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

pound Interest and Sinple Interest

Copyright 1997 - 2014 Toolsformoney.com, All Rights Reserved

Compound Interest Rate Conve

For Determining the Rate Differences in Compoundin