\[\LARGE\text {Annuity Factor: }\frac{((1+i)^n-1)}{i}\]
Future value for a $1 annuity for n periods

Table A.1

Period	1%	2%	3%	4%	5%	6%	7%	8%	9%	10%	12%	14%	15%	16%	18%	20%	24%	28%
1	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000
2	2.010	2.020	2.030	2.040	2.050	2.060	2.070	2.080	2.090	2.100	2.120	2.140	2.150	2.160	2.180	2.200	2.240	2.280
3	3.030	3.060	3.091	3.122	3.153	3.184	3.215	3.246	3.278	3.310	3.374	3.440	3.473	3.506	3.572	3.640	3.778	3.918
4	4.060	4.122	4.184	4.246	4.310	4.375	4.440	4.506	4.573	4.641	4.779	4.921	4.993	5.066	5.215	5.368	5.684	6.016
5	5.101	5.204	5.309	5.416	5.526	5.637	5.751	5.867	5.985	6.105	6.353	6.610	6.742	6.877	7.154	7.442	8.048	8.700
6	6.152	6.308	6.468	6.633	6.802	6.975	7.153	7.336	7.523	7.716	8.115	8.536	8.754	8.977	9.442	9.930	10.980	12.136
7	7.214	7.434	7.662	7.898	8.142	8.394	8.654	8.923	9.200	9.487	10.089	10.730	11.067	11.414	12.142	12.916	14.615	16.534
8	8.286	8.583	8.892	9.214	9.549	9.897	10.260	10.637	11.028	11.436	12.300	13.233	13.727	14.240	15.327	16.499	19.123	22.163
9	9.369	9.755	10.159	10.583	11.027	11.491	11.978	12.488	13.021	13.579	14.776	16.085	16.786	17.519	19.086	20.799	24.712	29.369
10	10.462	10.950	11.464	12.006	12.578	13.181	13.816	14.487	15.193	15.937	17.549	19.337	20.304	21.321	23.521	25.959	31.643	38.593
11	11.567	12.169	12.808	13.486	14.207	14.972	15.784	16.645	17.560	18.531	20.655	23.045	24.349	25.733	28.755	32.150	40.238	50.398
12	12.683	13.412	14.192	15.026	15.917	16.870	17.888	18.977	20.141	21.384	24.133	27.271	29.002	30.850	34.931	39.581	50.895	65.510
13	13.809	14.680	15.618	16.627	17.713	18.882	20.141	21.495	22.953	24.523	28.029	32.089	34.352	36.786	42.219	48.497	64.110	84.853
14	14.947	15.974	17.086	18.292	19.599	21.015	22.550	24.215	26.019	27.975	32.393	37.581	40.505	43.672	50.818	59.196	80.496	109.612
15	16.097	17.293	18.599	20.024	21.579	23.276	25.129	27.152	29.361	31.772	37.280	43.842	47.580	51.660	60.965	72.035	100.815	141.303
16	17.258	18.639	20.157	21.825	23.657	25.673	27.888	30.324	33.003	35.950	42.753	50.980	55.717	60.925	72.939	87.442	126.011	181.868
17	18.430	20.012	21.762	23.698	25.840	28.213	30.840	33.750	36.974	40.545	48.884	59.118	65.075	71.673	87.068	105.931	157.253	233.791
18	19.615	21.412	23.414	25.645	28.132	30.906	33.999	37.450	41.301	45.599	55.750	68.394	75.836	84.141	103.740	128.117	195.994	300.252
19	20.811	22.841	25.117	27.671	30.539	33.760	37.379	41.446	46.018	51.159	63.440	78.969	88.212	98.603	123.414	154.740	244.033	385.323
20	22.019	24.297	26.870	29.778	33.066	36.786	40.995	45.762	51.160	57.275	72.052	91.025	102.444	115.380	146.628	186.688	303.601	494.213
21	23.239	25.783	28.676	31.969	35.719	39.993	44.865	50.423	56.765	64.002	81.699	104.768	118.810	134.841	174.021	225.026	377.465	633.593
22	24.472	27.299	30.537	34.248	38.505	43.392	49.006	55.457	62.873	71.403	92.503	120.436	137.632	157.415	206.345	271.031	469.056	811.999
23	25.716	28.845	32.453	36.618	41.430	46.996	53.436	60.893	69.532	79.543	104.603	138.297	159.276	183.601	244.487	326.237	582.630	1040.358
24	26.973	30.422	34.426	39.083	44.502	50.816	58.177	66.765	76.790	88.497	118.155	158.659	184.168	213.978	289.494	392.484	723.461	1332.659
25	28.243	32.030	36.459	41.646	47.727	54.865	63.249	73.106	84.701	98.347	133.334	181.871	212.793	249.214	342.603	471.981	898.092	1706.803
26	29.526	33.671	38.553	44.312	51.113	59.156	68.676	79.954	93.324	109.182	150.334	208.333	245.712	290.088	405.272	567.377	1114.634	2185.708
27	30.821	35.344	40.710	47.084	54.669	63.706	74.484	87.351	102.723	121.100	169.374	238.499	283.569	337.502	479.221	681.853	1383.146	2798.706
28	32.129	37.051	42.931	49.968	58.403	68.528	80.698	95.339	112.968	134.210	190.699	272.889	327.104	392.503	566.481	819.223	1716.101	3583.344
29	33.450	38.792	45.219	52.966	62.323	73.640	87.347	103.966	124.135	148.631	214.583	312.094	377.170	456.303	669.447	984.068	2128.965	4587.680
30	34.785	40.568	47.575	56.085	66.439	79.058	94.461	113.283	136.308	164.494	241.333	356.787	434.745	530.312	790.948	1181.882	2640.916	5873.231
40	48.886	60.402	75.401	95.026	120.800	154.762	199.635	259.057	337.882	442.593	767.091	1342.025	1779.090	2360.757	4163.213	7343.858	22728.803	69377.460
50	64.463	84.579	112.797	152.667	209.348	290.336	406.529	573.770	815.084	1163.909	2400.018	4994.521	7217.716	10435.649	21813.094	45497.191	195372.644	819103.077
60	81.670	114.052	163.053	237.991	353.584	533.128	813.520	1253.213	1944.792	3034.816	7471.641	18535.133	29219.992	46057.509	114189.666	281732.572	1679147.280	9670300.886

Future value for a $1 annuity for n periods

\[\LARGE\text {Present Value of: }\$1\;\text {PV}=\frac{1}{(1+i)}^n=\frac{1}{\text {FV}}\]

A.2

Period	1%	2%	3%	4%	5%	6%	7%	8%	9%	10%	12%	14%	15%	16%	18%	20%	24%	28%
1	0.9901	0.9804	0.9709	0.9615	0.9524	0.9434	0.9346	0.9259	0.9174	0.9091	0.8929	0.8772	0.8696	0.8621	0.8475	0.8333	0.8065	0.7813
2	0.9803	0.9612	0.9426	0.9246	0.9070	0.8900	0.8734	0.8573	0.8417	0.8264	0.7972	0.7695	0.7561	0.7432	0.7182	0.6944	0.6504	0.6104
3	0.9706	0.9423	0.9151	0.8890	0.8638	0.8396	0.8163	0.7938	0.7722	0.7513	0.7118	0.6750	0.6575	0.6407	0.6086	0.5787	0.5245	0.4768
4	0.9610	0.9238	0.8885	0.8548	0.8227	0.7921	0.7629	0.7350	0.7084	0.6830	0.6355	0.5921	0.5718	0.5523	0.5158	0.4823	0.4230	0.3725
5	0.9515	0.9057	0.8626	0.8219	0.7835	0.7473	0.7130	0.6806	0.6499	0.6209	0.5674	0.5194	0.4972	0.4761	0.4371	0.4019	0.3411	0.2910
6	0.9420	0.8880	0.8375	0.7903	0.7462	0.7050	0.6663	0.6302	0.5963	0.5645	0.5066	0.4556	0.4323	0.4104	0.3704	0.3349	0.2751	0.2274
7	0.9327	0.8706	0.8131	0.7599	0.7107	0.6651	0.6227	0.5835	0.5470	0.5132	0.4523	0.3996	0.3759	0.3538	0.3139	0.2791	0.2218	0.1776
8	0.9235	0.8535	0.7894	0.7307	0.6768	0.6274	0.5820	0.5403	0.5019	0.4665	0.4039	0.3506	0.3269	0.3050	0.2660	0.2326	0.1789	0.1388
9	0.9143	0.8368	0.7664	0.7026	0.6446	0.5919	0.5439	0.5002	0.4604	0.4241	0.3606	0.3075	0.2843	0.2630	0.2255	0.1938	0.1443	0.1084
10	0.9053	0.8203	0.7441	0.6756	0.6139	0.5584	0.5083	0.4632	0.4224	0.3855	0.3220	0.2697	0.2472	0.2267	0.1911	0.1615	0.1164	0.0847
11	0.8963	0.8043	0.7224	0.6496	0.5847	0.5268	0.4751	0.4289	0.3875	0.3505	0.2875	0.2366	0.2149	0.1954	0.1619	0.1346	0.0938	0.0662
12	0.8874	0.7885	0.7014	0.6246	0.5568	0.4970	0.4440	0.3971	0.3555	0.3186	0.2567	0.2076	0.1869	0.1685	0.1372	0.1122	0.0757	0.0517
13	0.8787	0.7730	0.6810	0.6006	0.5303	0.4688	0.4150	0.3677	0.3262	0.2897	0.2292	0.1821	0.1625	0.1452	0.1163	0.0935	0.0610	0.0404
14	0.8700	0.7579	0.6611	0.5775	0.5051	0.4423	0.3878	0.3405	0.2992	0.2633	0.2046	0.1597	0.1413	0.1252	0.0985	0.0779	0.0492	0.0316
15	0.8613	0.7430	0.6419	0.5553	0.4810	0.4173	0.3624	0.3152	0.2745	0.2394	0.1827	0.1401	0.1229	0.1079	0.0835	0.0649	0.0397	0.0247
16	0.8528	0.7284	0.6232	0.5339	0.4581	0.3936	0.3387	0.2919	0.2519	0.2176	0.1631	0.1229	0.1069	0.0930	0.0708	0.0541	0.0320	0.0193
17	0.8444	0.7142	0.6050	0.5134	0.4363	0.3714	0.3166	0.2703	0.2311	0.1978	0.1456	0.1078	0.0929	0.0802	0.0600	0.0451	0.0258	0.0150
18	0.8360	0.7002	0.5874	0.4936	0.4155	0.3503	0.2959	0.2502	0.2120	0.1799	0.1300	0.0946	0.0808	0.0691	0.0508	0.0376	0.0208	0.0118
19	0.8277	0.6864	0.5703	0.4746	0.3957	0.3305	0.2765	0.2317	0.1945	0.1635	0.1161	0.0829	0.0703	0.0596	0.0431	0.0313	0.0168	0.0092
20	0.8195	0.6730	0.5537	0.4564	0.3769	0.3118	0.2584	0.2145	0.1784	0.1486	0.1037	0.0728	0.0611	0.0514	0.0365	0.0261	0.0135	0.0072
21	0.8114	0.6598	0.5375	0.4388	0.3589	0.2942	0.2415	0.1987	0.1637	0.1351	0.0926	0.0638	0.0531	0.0443	0.0309	0.0217	0.0109	0.0056
22	0.8034	0.6468	0.5219	0.4220	0.3418	0.2775	0.2257	0.1839	0.1502	0.1228	0.0826	0.0560	0.0462	0.0382	0.0262	0.0181	0.0088	0.0044
23	0.7954	0.6342	0.5067	0.4057	0.3256	0.2618	0.2109	0.1703	0.1378	0.1117	0.0738	0.0491	0.0402	0.0329	0.0222	0.0151	0.0071	0.0034
24	0.7876	0.6217	0.4919	0.3901	0.3101	0.2470	0.1971	0.1577	0.1264	0.1015	0.0659	0.0431	0.0349	0.0284	0.0188	0.0126	0.0057	0.0027
25	0.7798	0.6095	0.4776	0.3751	0.2953	0.2330	0.1842	0.1460	0.1160	0.0923	0.0588	0.0378	0.0304	0.0245	0.0160	0.0105	0.0046	0.0021
26	0.7720	0.5976	0.4637	0.3607	0.2812	0.2198	0.1722	0.1352	0.1064	0.0839	0.0525	0.0331	0.0264	0.0211	0.0135	0.0087	0.0037	0.0016
27	0.7644	0.5859	0.4502	0.3468	0.2678	0.2074	0.1609	0.1252	0.0976	0.0763	0.0469	0.0291	0.0230	0.0182	0.0115	0.0073	0.0030	0.0013
28	0.7568	0.5744	0.4371	0.3335	0.2551	0.1956	0.1504	0.1159	0.0895	0.0693	0.0419	0.0255	0.0200	0.0157	0.0097	0.0061	0.0024	0.0010
29	0.7493	0.5631	0.4243	0.3207	0.2429	0.1846	0.1406	0.1073	0.0822	0.0630	0.0374	0.0224	0.0174	0.0135	0.0082	0.0051	0.0020	0.0008
30	0.7419	0.5521	0.4120	0.3083	0.2314	0.1741	0.1314	0.0994	0.0754	0.0573	0.0334	0.0196	0.0151	0.0116	0.0070	0.0042	0.0016	0.0006
35	0.7059	0.5000	0.3554	0.2534	0.1813	0.1301	0.0937	0.0676	0.0490	0.0356	0.0189	0.0102	0.0075	0.0055	0.0030	0.0017	0.0005	0.0002
40	0.6717	0.4529	0.3066	0.2083	0.1420	0.0972	0.0668	0.0460	0.0318	0.0221	0.0107	0.0053	0.0037	0.0026	0.0013	0.0007	0.0002	0.0001
45	0.6391	0.4102	0.2644	0.1712	0.1113	0.0727	0.0476	0.0313	0.0207	0.0137	0.0061	0.0027	0.0019	0.0013	0.0006	0.0003	0.0001	--
50	0.6080	0.3715	0.2281	0.1407	0.0872	0.0543	0.0339	0.0213	0.0134	0.0085	0.0035	0.0014	0.0009	0.0006	0.0003	0.0001	--	--
55	0.5785	0.3365	0.1968	0.1157	0.0683	0.0406	0.0242	0.0145	0.0087	0.0053	0.0020	0.0007	0.0005	0.0003	0.0001	--	--	--

\[\LARGE\text {Annuity Factor: }\frac{1-\frac{1}{(1+i)}^n}{i}\]
Present value for a $1 annuity for n periods

A.3

Period	1%	2%	3%	4%	5%	6%	7%	8%	9%	10%	12%	14%	15%	16%	18%	20%	24%	28%
1	0.9901	0.9804	0.9709	0.9615	0.9524	0.9434	0.9346	0.9259	0.9174	0.9091	0.8929	0.8772	0.8696	0.8621	0.8475	0.8333	0.8065	0.7813
2	1.9704	1.9416	1.9135	1.8861	1.8594	1.8334	1.8080	1.7833	1.7591	1.7355	1.6901	1.6467	1.6257	1.6052	1.5656	1.5278	1.4568	1.3916
3	2.9410	2.8839	2.8286	2.7751	2.7232	2.6730	2.6243	2.5771	2.5313	2.4869	2.4018	2.3216	2.2832	2.2459	2.1743	2.1065	1.9813	1.8684
4	3.9020	3.8077	3.7171	3.6299	3.5460	3.4651	3.3872	3.3121	3.2397	3.1699	3.0373	2.9137	2.8550	2.7982	2.6901	2.5887	2.4043	2.2410
5	4.8534	4.7135	4.5797	4.4518	4.3295	4.2124	4.1002	3.9927	3.8897	3.7908	3.6048	3.4331	3.3522	3.2743	3.1272	2.9906	2.7454	2.5320
6	5.7955	5.6014	5.4172	5.2421	5.0757	4.9173	4.7665	4.6229	4.4859	4.3553	4.1114	3.8887	3.7845	3.6847	3.4976	3.3255	3.0205	2.7594
7	6.7282	6.4720	6.2303	6.0021	5.7864	5.5824	5.3893	5.2064	5.0330	4.8684	4.5638	4.2883	4.1604	4.0386	3.8115	3.6046	3.2423	2.9370
8	7.6517	7.3255	7.0197	6.7327	6.4632	6.2098	5.9713	5.7466	5.5348	5.3349	4.9676	4.6389	4.4873	4.3436	4.0776	3.8372	3.4212	3.0758
9	8.5660	8.1622	7.7861	7.4353	7.1078	6.8017	6.5152	6.2469	5.9952	5.7590	5.3282	4.9464	4.7716	4.6065	4.3030	4.0310	3.5655	3.1842
10	9.4713	8.9826	8.5302	8.1109	7.7217	7.3601	7.0236	6.7101	6.4177	6.1446	5.6502	5.2161	5.0188	4.8332	4.4941	4.1925	3.6819	3.2689
11	10.3676	9.7868	9.2526	8.7605	8.3064	7.8869	7.4987	7.1390	6.8052	6.4951	5.9377	5.4527	5.2337	5.0286	4.6560	4.3271	3.7757	3.3351
12	11.2551	10.5753	9.9540	9.3851	8.8633	8.3838	7.9427	7.5361	7.1607	6.8137	6.1944	5.6603	5.4206	5.1971	4.7932	4.4392	3.8514	3.3868
13	12.1337	11.3484	10.6350	9.9856	9.3936	8.8527	8.3577	7.9038	7.4869	7.1034	6.4235	5.8424	5.5831	5.3423	4.9095	4.5327	3.9124	3.4272
14	13.0037	12.1062	11.2961	10.5631	9.8986	9.2950	8.7455	8.2442	7.7862	7.3667	6.6282	6.0021	5.7245	5.4675	5.0081	4.6106	3.9616	3.4587
15	13.8651	12.8493	11.9379	11.1184	10.3797	9.7122	9.1079	8.5595	8.0607	7.6061	6.8109	6.1422	5.8474	5.5755	5.0916	4.6755	4.0013	3.4834
16	14.7179	13.5777	12.5611	11.6523	10.8378	10.1059	9.4466	8.8514	8.3126	7.8237	6.9740	6.2651	5.9542	5.6685	5.1624	4.7296	4.0333	3.5026
17	15.5623	14.2919	13.1661	12.1657	11.2741	10.4773	9.7632	9.1216	8.5436	8.0216	7.1196	6.3729	6.0472	5.7487	5.2223	4.7746	4.0591	3.5177
18	16.3983	14.9920	13.7535	12.6593	11.6896	10.8276	10.0591	9.3719	8.7556	8.2014	7.2497	6.4674	6.1280	5.8178	5.2732	4.8122	4.0799	3.5294
19	17.2260	15.6785	14.3238	13.1339	12.0853	11.1581	10.3356	9.6036	8.9501	8.3649	7.3658	6.5504	6.1982	5.8775	5.3162	4.8435	4.0967	3.5386
20	18.0456	16.3514	14.8775	13.5903	12.4622	11.4699	10.5940	9.8181	9.1285	8.5136	7.4694	6.6231	6.2593	5.9288	5.3527	4.8696	4.1103	3.5458
21	18.8570	17.0112	15.4150	14.0292	12.8212	11.7641	10.8355	10.0168	9.2922	8.6487	7.5620	6.6870	6.3125	5.9731	5.3837	4.8913	4.1212	3.5514
22	19.6604	17.6580	15.9369	14.4511	13.1630	12.0416	11.0612	10.2007	9.4424	8.7715	7.6446	6.7429	6.3587	6.0113	5.4099	4.9094	4.1300	3.5558
23	20.4558	18.2922	16.4436	14.8568	13.4886	12.3034	11.2722	10.3711	9.5802	8.8832	7.7184	6.7921	6.3988	6.0442	5.4321	4.9245	4.1371	3.5592
24	21.2434	18.9139	16.9355	15.2470	13.7986	12.5504	11.4693	10.5288	9.7066	8.9847	7.7843	6.8351	6.4338	6.0726	5.4509	4.9371	4.1428	3.5619
25	22.0232	19.5235	17.4131	15.6221	14.0939	12.7834	11.6536	10.6748	9.8226	9.0770	7.8431	6.8729	6.4641	6.0971	5.4669	4.9476	4.1474	3.5640
26	22.7952	20.1210	17.8768	15.9828	14.3752	13.0032	11.8258	10.8100	9.9290	9.1609	7.8957	6.9061	6.4906	6.1182	5.4804	4.9563	4.1511	3.5656
27	23.5596	20.7069	18.3270	16.3296	14.6430	13.2105	11.9867	10.9352	10.0266	9.2372	7.9426	6.9352	6.5135	6.1364	5.4919	4.9636	4.1542	3.5669
28	24.3164	21.2813	18.7641	16.6631	14.8981	13.4062	12.1371	11.0511	10.1161	9.3066	7.9844	6.9607	6.5335	6.1520	5.5016	4.9697	4.1566	3.5679
29	25.0658	21.8444	19.1885	16.9837	15.1411	13.5907	12.2777	11.1584	10.1983	9.3696	8.0218	6.9830	6.5509	6.1656	5.5098	4.9747	4.1585	3.5687
30	25.8077	22.3965	19.6004	17.2920	15.3725	13.7648	12.4090	11.2578	10.2737	9.4269	8.0552	7.0027	6.5660	6.1772	5.5168	4.9789	4.1601	3.5693
35	29.4086	24.9986	21.4872	18.6646	16.3742	14.4982	12.9477	11.6546	10.5668	9.6442	8.1755	7.0700	6.6166	6.2153	5.5386	4.9915	4.1644	3.5708
40	32.8347	27.3555	23.1148	19.7928	17.1591	15.0463	13.3317	11.9246	10.7574	9.7791	8.2438	7.1050	6.6418	6.2335	5.5482	4.9966	4.1659	3.5712
45	36.0945	29.4902	24.5187	20.7200	17.7741	15.4558	13.6055	12.1084	10.8812	9.8628	8.2825	7.1232	6.6543	6.2421	5.5523	4.9986	4.1664	3.5714
50	39.1961	31.4236	25.7298	21.4822	18.2559	15.7619	13.8007	12.2335	10.9617	9.9148	8.3045	7.1327	6.6605	6.2463	5.5541	4.9995	4.1666	3.5714
55	42.1472	33.1748	26.7744	22.1086	18.6335	15.9905	13.9399	12.3186	11.0140	9.9471	8.3170	7.1376	6.6636	6.2482	5.5549	4.9998	4.1666	3.5714

Present value for a $1 annuity for n periods