Appendix: Time Value
of Money Tables
© American Management Association. All rights reserved. 209
P
re
se
n
t
V
al
u
e
T
ab
le
1%
2%
3%
4%
5%
6%
7%
8%
9%
10
%
11
%
12
%
13
%
14
%
15
%
16
%
17
%
18
%
19
%
20
%
1
0.
99
0
0.
98
0
0.
97
1
0.
96
2
0.
95
2
0.
94
3
0.
93
5
0.
92
6
0.
91
7
0.
90
9
0.
90
1
0.
89
3
0.
88
5
0.
87
7
0.
87
0
0.
86
2
0.
85
5
0.
84
7
0.
84
0
0.
83
3
2
0.
98
0
0.
96
1
0.
94
3
0.
92
5
0.
90
7
0.
89
0
0.
87
3
0.
85
7
0.
84
2
0.
82
6
0.
81
2
0.
79
7
0.
78
3
0.
76
9
0.
75
6
0.
74
3
0.
73
1
0.
71
8
0.
70
6
0.
69
4
3
0.
97
1
0.
94
2
0.
91
5
0.
88
9
0.
86
4
0.
84
0
0.
81
6
0.
79
4
0.
77
2
0.
75
1
0.
73
1
0.
71
2
0.
69
3
0.
67
5
0.
65
8
0.
64
1
0.
62
4
0.
60
9
0.
59
3
0.
57
9
4
0.
96
1
0.
92
4
0.
88
8
0.
85
5
0.
82
3
0.
79
2
0.
76
3
0.
73
5
0.
70
8
0.
68
3
0.
65
9
0.
63
6
0.
61
3
0.
59
2
0.
57
2
0.
55
2
0.
53
4
0.
51
6
0.
49
9
0.
48
2
5
0.
95
1
0.
90
6
0.
86
3
0.
82
2
0.
78
4
0.
74
7
0.
71
3
0.
68
1
0.
65
0
0.
62
1
0.
59
3
0.
56
7
0.
54
3
0.
51
9
0.
49
7
0.
47
6
0.
45
6
0.
43
7
0.
41
9
0.
40
2
6
0.
94
2
0.
88
8
0.
83
7
0.
79
0
0.
74
6
0.
70
5
0.
66
6
0.
63
0
0.
59
6
0.
56
4
0.
53
5
0.
50
7
0.
48
0
0.
45
6
0.
43
2
0.
41
0
0.
39
0
0.
37
0
0.
35
2
0.
33
5
7
0.
93
3
0.
87
1
0.
81
3
0.
76
0
0.
71
1
0.
66
5
0.
62
3
0.
58
3
0.
54
7
0.
51
3
0.
48
2
0.
45
2
0.
42
5
0.
40
0
0.
37
6
0.
35
4
0.
33
3
0.
31
4
0.
29
6
0.
27
9
8
0.
92
3
0.
85
3
0.
78
9
0.
73
1
0.
67
7
0.
62
7
0.
58
2
0.
54
0
0.
50
2
0.
46
7
0.
43
4
0.
40
4
0.
37
6
0.
35
1
0.
32
7
0.
30
5
0.
28
5
0.
26
6
0.
24
9
0.
23
3
9
0.
91
4
0.
83
7
0.
76
6
0.
70
3
0.
64
5
0.
59
2
0.
54
4
0.
50
0
0.
46
0
0.
42
4
0.
39
1
0.
36
1
0.
33
3
0.
30
8
0.
29
4
0.
28
3
0.
24
3
0.
22
5
0.
20
9
0.
19
4
10
0.
90
5
0.
82
0
0.
74
4
0.
67
6
0.
61
4
0.
55
8
0.
50
8
0.
46
3
0.
42
2
0.
38
6
0.
35
2
0.
32
2
0.
29
5
0.
27
0
0.
24
7
0.
22
7
0.
20
6
0.
19
1
0.
17
6
0.
16
2
11
0.
89
6
0.
80
4
0.
72
2
0.
65
0
0.
58
5
0.
52
7
0.
47
5
0.
42
9
0.
38
8
0.
35
0
0.
31
7
0.
28
7
0.
26
1
0.
23
7
0.
21
5
0.
19
5
0.
17
8
0.
16
2
0.
14
8
0.
13
6
12
0.
88
7
0.
78
8
0.
70
1
0.
62
5
0.
55
7
0.
49
7
0.
44
4
0.
39
7
0.
35
6
0.
31
9
0.
28
6
0.
25
7
0.
23
1
0.
20
8
0.
18
7
0.
16
8
0.
15
2
0.
13
7
0.
12
4
0.
11
2
13
0.
87
9
0.
77
3
0.
68
1
0.
60
1
0.
53
0
0.
46
9
0.
41
5
0.
36
8
0.
32
6
0.
29
0
0.
25
8
0.
22
9
0.
20
4
0.
18
2
0.
16
3
0.
14
5
0.
13
0
0.
11
6
0.
10
4
0.
09
3
14
0.
87
0
0.
75
8
0.
66
1
0.
57
7
0.
50
6
0.
44
2
0.
38
8
0.
34
0
0.
29
9
0.
26
3
0.
23
2
0.
20
5
0.
18
1
0.
16
0
0.
14
1
0.
12
5
0.
11
1
0.
09
9
0.
08
8
0.
07
8
15
0.
86
1
0.
74
3
0.
64
2
0.
55
5
0.
48
1
0.
41
7
.