(a) Retirement Annuity $120,000.

00
Years 26
Interest Rate 4%
Present value $1,994,649.59

(b) Future Value $1,994,649.59

Years 44
Annuity $16,618.01
Principal $315,000 Month Beginning Balance Monthly Payment
Years 30 1 $315,000.00 $1,458.81
# of Payment per year 12 2 $314,525.57 $1,458.81
Total # of Payments 360 3 $314,049.65 $1,458.81
Interest Rate 3.75% 4 $313,572.24 $1,458.81
Periodic Rate 0.31% 5 $313,093.35 $1,458.81
Monthly Payment $1,458.81 6 $312,612.95 $1,458.81
7 $312,131.06 $1,458.81
8 $311,647.66 $1,458.81
9 $311,162.75 $1,458.81
10 $310,676.32 $1,458.81
11 $310,188.37 $1,458.81
12 $309,698.90 $1,458.81
13 $309,207.90 $1,458.81
14 $308,715.37 $1,458.81
15 $308,221.29 $1,458.81
16 $307,725.67 $1,458.81
17 $307,228.51 $1,458.81
18 $306,729.78 $1,458.81
19 $306,229.51 $1,458.81
20 $305,727.66 $1,458.81
21 $305,224.25 $1,458.81
22 $304,719.27 $1,458.81
23 $304,212.71 $1,458.81
24 $303,704.56 $1,458.81
25 $303,194.83 $1,458.81
26 $302,683.50 $1,458.81
27 $302,170.58 $1,458.81
28 $301,656.05 $1,458.81
29 $301,139.91 $1,458.81
30 $300,622.17 $1,458.81
31 $300,102.80 $1,458.81
32 $299,581.81 $1,458.81
33 $299,059.20 $1,458.81
34 $298,534.95 $1,458.81
35 $298,009.06 $1,458.81
36 $297,481.53 $1,458.81
37 $296,952.35 $1,458.81
38 $296,421.51 $1,458.81
39 $295,889.02 $1,458.81
40 $295,354.86 $1,458.81
41 $294,819.04 $1,458.81
42 $294,281.54 $1,458.81
43 $293,742.35 $1,458.81
44 $293,201.49 $1,458.81
45 $292,658.93 $1,458.81
46 $292,114.68 $1,458.81
47 $291,568.73 $1,458.81
48 $291,021.07 $1,458.81
49 $290,471.71 $1,458.81
50 $289,920.62 $1,458.81
51 $289,367.81 $1,458.81
52 $288,813.28 $1,458.81
53 $288,257.01 $1,458.81
54 $287,699.00 $1,458.81
55 $287,139.25 $1,458.81
56 $286,577.75 $1,458.81
57 $286,014.50 $1,458.81
58 $285,449.48 $1,458.81
59 $284,882.70 $1,458.81
60 $284,314.15 $1,458.81
61 $283,743.82 $1,458.81
62 $283,171.71 $1,458.81
63 $282,597.81 $1,458.81
64 $282,022.12 $1,458.81
65 $281,444.63 $1,458.81
66 $280,865.33 $1,458.81
67 $280,284.23 $1,458.81
68 $279,701.31 $1,458.81
69 $279,116.56 $1,458.81
70 $278,529.99 $1,458.81
71 $277,941.59 $1,458.81
72 $277,351.34 $1,458.81
73 $276,759.26 $1,458.81
74 $276,165.32 $1,458.81
75 $275,569.53 $1,458.81
76 $274,971.87 $1,458.81
77 $274,372.35 $1,458.81
78 $273,770.95 $1,458.81
79 $273,167.68 $1,458.81
80 $272,562.52 $1,458.81
81 $271,955.46 $1,458.81
82 $271,346.51 $1,458.81
83 $270,735.66 $1,458.81
84 $270,122.90 $1,458.81
85 $269,508.23 $1,458.81
86 $268,891.63 $1,458.81
87 $268,273.10 $1,458.81
88 $267,652.65 $1,458.81
89 $267,030.25 $1,458.81
 90 $266,405.91 $1,458.81
91 $265,779.62 $1,458.81
92 $265,151.37 $1,458.81
93 $264,521.16 $1,458.81
94 $263,888.98 $1,458.81
95 $263,254.82 $1,458.81
96 $262,618.68 $1,458.81
97 $261,980.56 $1,458.81
98 $261,340.44 $1,458.81
99 $260,698.31 $1,458.81
100 $260,054.19 $1,458.81
101 $259,408.05 $1,458.81
102 $258,759.89 $1,458.81
103 $258,109.70 $1,458.81
104 $257,457.48 $1,458.81
105 $256,803.23 $1,458.81
106 $256,146.93 $1,458.81
107 $255,488.58 $1,458.81
108 $254,828.17 $1,458.81
109 $254,165.70 $1,458.81
110 $253,501.16 $1,458.81
111 $252,834.54 $1,458.81
112 $252,165.83 $1,458.81
113 $251,495.04 $1,458.81
114 $250,822.15 $1,458.81
115 $250,147.16 $1,458.81
116 $249,470.06 $1,458.81
117 $248,790.85 $1,458.81
118 $248,109.51 $1,458.81
119 $247,426.04 $1,458.81
120 $246,740.44 $1,458.81
121 $246,052.69 $1,458.81
122 $245,362.80 $1,458.81
123 $244,670.75 $1,458.81
124 $243,976.53 $1,458.81
125 $243,280.15 $1,458.81
126 $242,581.59 $1,458.81
127 $241,880.85 $1,458.81
128 $241,177.91 $1,458.81
129 $240,472.78 $1,458.81
130 $239,765.45 $1,458.81
131 $239,055.91 $1,458.81
132 $238,344.15 $1,458.81
133 $237,630.16 $1,458.81
134 $236,913.95 $1,458.81
135 $236,195.49 $1,458.81
136 $235,474.80 $1,458.81
137 $234,751.84 $1,458.81
138 $234,026.63 $1,458.81
139 $233,299.16 $1,458.81
140 $232,569.41 $1,458.81
141 $231,837.38 $1,458.81
142 $231,103.06 $1,458.81
143 $230,366.44 $1,458.81
144 $229,627.53 $1,458.81
145 $228,886.31 $1,458.81
146 $228,142.77 $1,458.81
147 $227,396.90 $1,458.81
148 $226,648.71 $1,458.81
149 $225,898.17 $1,458.81
150 $225,145.30 $1,458.81
151 $224,390.07 $1,458.81
152 $223,632.47 $1,458.81
153 $222,872.52 $1,458.81
154 $222,110.18 $1,458.81
155 $221,345.47 $1,458.81
156 $220,578.36 $1,458.81
157 $219,808.86 $1,458.81
158 $219,036.95 $1,458.81
159 $218,262.63 $1,458.81
160 $217,485.89 $1,458.81
161 $216,706.73 $1,458.81
162 $215,925.12 $1,458.81
163 $215,141.08 $1,458.81
164 $214,354.59 $1,458.81
165 $213,565.63 $1,458.81
166 $212,774.22 $1,458.81
167 $211,980.33 $1,458.81
168 $211,183.95 $1,458.81
169 $210,385.09 $1,458.81
170 $209,583.74 $1,458.81
171 $208,779.88 $1,458.81
172 $207,973.50 $1,458.81
173 $207,164.61 $1,458.81
174 $206,353.19 $1,458.81
175 $205,539.23 $1,458.81
176 $204,722.74 $1,458.81
177 $203,903.68 $1,458.81
178 $203,082.07 $1,458.81
179 $202,257.89 $1,458.81
180 $201,431.14 $1,458.81
181 $200,601.80 $1,458.81
182 $199,769.87 $1,458.81
183 $198,935.34 $1,458.81
184 $198,098.21 $1,458.81
185 $197,258.45 $1,458.81
186 $196,416.08 $1,458.81
187 $195,571.07 $1,458.81
188 $194,723.42 $1,458.81
189 $193,873.12 $1,458.81
190 $193,020.16 $1,458.81
191 $192,164.54 $1,458.81
192 $191,306.24 $1,458.81
193 $190,445.26 $1,458.81
194 $189,581.60 $1,458.81
195 $188,715.23 $1,458.81
196 $187,846.15 $1,458.81
197 $186,974.36 $1,458.81
198 $186,099.85 $1,458.81
199 $185,222.60 $1,458.81
200 $184,342.61 $1,458.81
201 $183,459.87 $1,458.81
202 $182,574.37 $1,458.81
203 $181,686.11 $1,458.81
204 $180,795.07 $1,458.81
205 $179,901.24 $1,458.81
206 $179,004.62 $1,458.81
207 $178,105.20 $1,458.81
208 $177,202.97 $1,458.81
209 $176,297.92 $1,458.81
210 $175,390.04 $1,458.81
211 $174,479.33 $1,458.81
212 $173,565.76 $1,458.81
213 $172,649.35 $1,458.81
214 $171,730.07 $1,458.81
215 $170,807.91 $1,458.81
216 $169,882.88 $1,458.81
217 $168,954.95 $1,458.81
218 $168,024.12 $1,458.81
219 $167,090.39 $1,458.81
220 $166,153.74 $1,458.81
221 $165,214.16 $1,458.81
222 $164,271.64 $1,458.81
223 $163,326.18 $1,458.81
224 $162,377.77 $1,458.81
225 $161,426.39 $1,458.81
226 $160,472.03 $1,458.81
227 $159,514.70 $1,458.81
228 $158,554.37 $1,458.81
229 $157,591.04 $1,458.81
230 $156,624.71 $1,458.81
231 $155,655.35 $1,458.81
232 $154,682.96 $1,458.81
233 $153,707.54 $1,458.81
234 $152,729.06 $1,458.81
235 $151,747.53 $1,458.81
236 $150,762.93 $1,458.81
237 $149,775.26 $1,458.81
238 $148,784.49 $1,458.81
239 $147,790.63 $1,458.81
240 $146,793.67 $1,458.81
241 $145,793.59 $1,458.81
242 $144,790.39 $1,458.81
243 $143,784.05 $1,458.81
244 $142,774.56 $1,458.81
245 $141,761.92 $1,458.81
246 $140,746.12 $1,458.81
247 $139,727.14 $1,458.81
248 $138,704.98 $1,458.81
249 $137,679.62 $1,458.81
250 $136,651.06 $1,458.81
251 $135,619.28 $1,458.81
252 $134,584.28 $1,458.81
253 $133,546.05 $1,458.81
254 $132,504.57 $1,458.81
255 $131,459.84 $1,458.81
256 $130,411.84 $1,458.81
257 $129,360.57 $1,458.81
258 $128,306.01 $1,458.81
259 $127,248.15 $1,458.81
260 $126,186.99 $1,458.81
261 $125,122.52 $1,458.81
262 $124,054.72 $1,458.81
263 $122,983.58 $1,458.81
264 $121,909.09 $1,458.81
265 $120,831.25 $1,458.81
266 $119,750.03 $1,458.81
267 $118,665.44 $1,458.81
268 $117,577.46 $1,458.81
269 $116,486.08 $1,458.81
270 $115,391.29 $1,458.81
271 $114,293.08 $1,458.81
272 $113,191.44 $1,458.81
273 $112,086.35 $1,458.81
274 $110,977.81 $1,458.81
275 $109,865.80 $1,458.81
276 $108,750.32 $1,458.81
277 $107,631.36 $1,458.81
278 $106,508.90 $1,458.81
279 $105,382.93 $1,458.81
280 $104,253.44 $1,458.81
281 $103,120.42 $1,458.81
282 $101,983.86 $1,458.81
283 $100,843.75 $1,458.81
284 $99,700.08 $1,458.81
285 $98,552.83 $1,458.81
286 $97,402.00 $1,458.81
287 $96,247.57 $1,458.81
288 $95,089.53 $1,458.81
289 $93,927.88 $1,458.81
290 $92,762.59 $1,458.81
291 $91,593.67 $1,458.81
292 $90,421.09 $1,458.81
293 $89,244.84 $1,458.81
294 $88,064.92 $1,458.81
295 $86,881.32 $1,458.81
296 $85,694.01 $1,458.81
297 $84,502.99 $1,458.81
298 $83,308.26 $1,458.81
299 $82,109.78 $1,458.81
300 $80,907.57 $1,458.81
301 $79,701.59 $1,458.81
302 $78,491.85 $1,458.81
303 $77,278.33 $1,458.81
304 $76,061.01 $1,458.81
305 $74,839.89 $1,458.81
306 $73,614.96 $1,458.81
307 $72,386.19 $1,458.81
308 $71,153.59 $1,458.81
309 $69,917.14 $1,458.81
310 $68,676.82 $1,458.81
311 $67,432.62 $1,458.81
312 $66,184.54 $1,458.81
313 $64,932.56 $1,458.81
314 $63,676.66 $1,458.81
315 $62,416.84 $1,458.81
316 $61,153.08 $1,458.81
317 $59,885.38 $1,458.81
318 $58,613.71 $1,458.81
319 $57,338.07 $1,458.81
320 $56,058.44 $1,458.81
321 $54,774.81 $1,458.81
322 $53,487.17 $1,458.81
323 $52,195.51 $1,458.81
324 $50,899.81 $1,458.81
325 $49,600.06 $1,458.81
326 $48,296.25 $1,458.81
327 $46,988.37 $1,458.81
328 $45,676.40 $1,458.81
329 $44,360.32 $1,458.81
330 $43,040.14 $1,458.81
331 $41,715.83 $1,458.81
332 $40,387.38 $1,458.81
333 $39,054.78 $1,458.81
334 $37,718.02 $1,458.81
335 $36,377.08 $1,458.81
336 $35,031.95 $1,458.81
337 $33,682.61 $1,458.81
338 $32,329.06 $1,458.81
339 $30,971.28 $1,458.81
340 $29,609.25 $1,458.81
341 $28,242.97 $1,458.81
342 $26,872.42 $1,458.81
343 $25,497.59 $1,458.81
344 $24,118.46 $1,458.81
345 $22,735.02 $1,458.81
346 $21,347.26 $1,458.81
347 $19,955.16 $1,458.81
348 $18,558.71 $1,458.81
349 $17,157.89 $1,458.81
350 $15,752.70 $1,458.81
351 $14,343.12 $1,458.81
352 $12,929.13 $1,458.81
353 $11,510.72 $1,458.81
354 $10,087.88 $1,458.81
355 $8,660.60 $1,458.81
356 $7,228.85 $1,458.81
357 $5,792.63 $1,458.81
358 $4,351.92 $1,458.81
359 $2,906.71 $1,458.81
360 $1,456.99 $1,458.81
Interest Expense Principal repayment Balance Remaining
$984.38 $474.44 $314,525.57
$982.89 $475.92 $314,049.65
$981.41 $477.40 $313,572.24
$979.91 $478.90 $313,093.35
$978.42 $480.39 $312,612.95
$976.92 $481.89 $312,131.06
$975.41 $483.40 $311,647.66
$973.90 $484.91 $311,162.75
$972.38 $486.43 $310,676.32
$970.86 $487.95 $310,188.37
$969.34 $489.47 $309,698.90
$967.81 $491.00 $309,207.90
$966.27 $492.54 $308,715.37
$964.74 $494.07 $308,221.29
$963.19 $495.62 $307,725.67
$961.64 $497.17 $307,228.51
$960.09 $498.72 $306,729.78
$958.53 $500.28 $306,229.51
$956.97 $501.84 $305,727.66
$955.40 $503.41 $305,224.25
$953.83 $504.98 $304,719.27
$952.25 $506.56 $304,212.71
$950.66 $508.15 $303,704.56
$949.08 $509.73 $303,194.83
$947.48 $511.33 $302,683.50
$945.89 $512.92 $302,170.58
$944.28 $514.53 $301,656.05
$942.68 $516.13 $301,139.91
$941.06 $517.75 $300,622.17
$939.44 $519.37 $300,102.80
$937.82 $520.99 $299,581.81
$936.19 $522.62 $299,059.20
$934.56 $524.25 $298,534.95
$932.92 $525.89 $298,009.06
$931.28 $527.53 $297,481.53
$929.63 $529.18 $296,952.35
$927.98 $530.83 $296,421.51
$926.32 $532.49 $295,889.02
$924.65 $534.16 $295,354.86
$922.98 $535.83 $294,819.04
$921.31 $537.50 $294,281.54
$919.63 $539.18 $293,742.35
$917.94 $540.87 $293,201.49
$916.25 $542.56 $292,658.93
$914.56 $544.25 $292,114.68
$912.86 $545.95 $291,568.73
$911.15 $547.66 $291,021.07
$909.44 $549.37 $290,471.71
$907.72 $551.09 $289,920.62
$906.00 $552.81 $289,367.81
$904.27 $554.54 $288,813.28
$902.54 $556.27 $288,257.01
$900.80 $558.01 $287,699.00
$899.06 $559.75 $287,139.25
$897.31 $561.50 $286,577.75
$895.56 $563.25 $286,014.50
$893.80 $565.01 $285,449.48
$892.03 $566.78 $284,882.70
$890.26 $568.55 $284,314.15
$888.48 $570.33 $283,743.82
$886.70 $572.11 $283,171.71
$884.91 $573.90 $282,597.81
$883.12 $575.69 $282,022.12
$881.32 $577.49 $281,444.63
$879.51 $579.30 $280,865.33
$877.70 $581.11 $280,284.23
$875.89 $582.92 $279,701.31
$874.07 $584.74 $279,116.56
$872.24 $586.57 $278,529.99
$870.41 $588.40 $277,941.59
$868.57 $590.24 $277,351.34
$866.72 $592.09 $276,759.26
$864.87 $593.94 $276,165.32
$863.02 $595.79 $275,569.53
$861.15 $597.66 $274,971.87
$859.29 $599.52 $274,372.35
$857.41 $601.40 $273,770.95
$855.53 $603.28 $273,167.68
$853.65 $605.16 $272,562.52
$851.76 $607.05 $271,955.46
$849.86 $608.95 $271,346.51
$847.96 $610.85 $270,735.66
$846.05 $612.76 $270,122.90
$844.13 $614.68 $269,508.23
$842.21 $616.60 $268,891.63
$840.29 $618.52 $268,273.10
$838.35 $620.46 $267,652.65
$836.41 $622.40 $267,030.25
$834.47 $624.34 $266,405.91
$832.52 $626.29 $265,779.62
$830.56 $628.25 $265,151.37
$828.60 $630.21 $264,521.16
$826.63 $632.18 $263,888.98
$824.65 $634.16 $263,254.82
$822.67 $636.14 $262,618.68
$820.68 $638.13 $261,980.56
$818.69 $640.12 $261,340.44
$816.69 $642.12 $260,698.31
$814.68 $644.13 $260,054.19
$812.67 $646.14 $259,408.05
$810.65 $648.16 $258,759.89
$808.62 $650.19 $258,109.70
$806.59 $652.22 $257,457.48
$804.55 $654.26 $256,803.23
$802.51 $656.30 $256,146.93
$800.46 $658.35 $255,488.58
$798.40 $660.41 $254,828.17
$796.34 $662.47 $254,165.70
$794.27 $664.54 $253,501.16
$792.19 $666.62 $252,834.54
$790.11 $668.70 $252,165.83
$788.02 $670.79 $251,495.04
$785.92 $672.89 $250,822.15
$783.82 $674.99 $250,147.16
$781.71 $677.10 $249,470.06
$779.59 $679.22 $248,790.85
$777.47 $681.34 $248,109.51
$775.34 $683.47 $247,426.04
$773.21 $685.60 $246,740.44
$771.06 $687.75 $246,052.69
$768.91 $689.90 $245,362.80
$766.76 $692.05 $244,670.75
$764.60 $694.21 $243,976.53
$762.43 $696.38 $243,280.15
$760.25 $698.56 $242,581.59
$758.07 $700.74 $241,880.85
$755.88 $702.93 $241,177.91
$753.68 $705.13 $240,472.78
$751.48 $707.33 $239,765.45
$749.27 $709.54 $239,055.91
$747.05 $711.76 $238,344.15
$744.83 $713.98 $237,630.16
$742.59 $716.22 $236,913.95
$740.36 $718.45 $236,195.49
$738.11 $720.70 $235,474.80
$735.86 $722.95 $234,751.84
$733.60 $725.21 $234,026.63
$731.33 $727.48 $233,299.16
$729.06 $729.75 $232,569.41
$726.78 $732.03 $231,837.38
$724.49 $734.32 $231,103.06
$722.20 $736.61 $230,366.44
$719.90 $738.91 $229,627.53
$717.59 $741.22 $228,886.31
$715.27 $743.54 $228,142.77
$712.95 $745.86 $227,396.90
$710.62 $748.19 $226,648.71
$708.28 $750.53 $225,898.17
$705.93 $752.88 $225,145.30
$703.58 $755.23 $224,390.07
$701.22 $757.59 $223,632.47
$698.85 $759.96 $222,872.52
$696.48 $762.33 $222,110.18
$694.09 $764.72 $221,345.47
$691.70 $767.11 $220,578.36
$689.31 $769.50 $219,808.86
$686.90 $771.91 $219,036.95
$684.49 $774.32 $218,262.63
$682.07 $776.74 $217,485.89
$679.64 $779.17 $216,706.73
$677.21 $781.60 $215,925.12
$674.77 $784.04 $215,141.08
$672.32 $786.49 $214,354.59
$669.86 $788.95 $213,565.63
$667.39 $791.42 $212,774.22
$664.92 $793.89 $211,980.33
$662.44 $796.37 $211,183.95
$659.95 $798.86 $210,385.09
$657.45 $801.36 $209,583.74
$654.95 $803.86 $208,779.88
$652.44 $806.37 $207,973.50
$649.92 $808.89 $207,164.61
$647.39 $811.42 $206,353.19
$644.85 $813.96 $205,539.23
$642.31 $816.50 $204,722.74
$639.76 $819.05 $203,903.68
$637.20 $821.61 $203,082.07
$634.63 $824.18 $202,257.89
$632.06 $826.75 $201,431.14
$629.47 $829.34 $200,601.80
$626.88 $831.93 $199,769.87
$624.28 $834.53 $198,935.34
$621.67 $837.14 $198,098.21
$619.06 $839.75 $197,258.45
$616.43 $842.38 $196,416.08
$613.80 $845.01 $195,571.07
$611.16 $847.65 $194,723.42
$608.51 $850.30 $193,873.12
$605.85 $852.96 $193,020.16
$603.19 $855.62 $192,164.54
$600.51 $858.30 $191,306.24
$597.83 $860.98 $190,445.26
$595.14 $863.67 $189,581.60
$592.44 $866.37 $188,715.23
$589.74 $869.07 $187,846.15
$587.02 $871.79 $186,974.36
$584.29 $874.52 $186,099.85
$581.56 $877.25 $185,222.60
$578.82 $879.99 $184,342.61
$576.07 $882.74 $183,459.87
$573.31 $885.50 $182,574.37
$570.54 $888.27 $181,686.11
$567.77 $891.04 $180,795.07
$564.98 $893.83 $179,901.24
$562.19 $896.62 $179,004.62
$559.39 $899.42 $178,105.20
$556.58 $902.23 $177,202.97
$553.76 $905.05 $176,297.92
$550.93 $907.88 $175,390.04
$548.09 $910.72 $174,479.33
$545.25 $913.56 $173,565.76
$542.39 $916.42 $172,649.35
$539.53 $919.28 $171,730.07
$536.66 $922.15 $170,807.91
$533.77 $925.04 $169,882.88
$530.88 $927.93 $168,954.95
$527.98 $930.83 $168,024.12
$525.08 $933.73 $167,090.39
$522.16 $936.65 $166,153.74
$519.23 $939.58 $165,214.16
$516.29 $942.52 $164,271.64
$513.35 $945.46 $163,326.18
$510.39 $948.42 $162,377.77
$507.43 $951.38 $161,426.39
$504.46 $954.35 $160,472.03
$501.48 $957.33 $159,514.70
$498.48 $960.33 $158,554.37
$495.48 $963.33 $157,591.04
$492.47 $966.34 $156,624.71
$489.45 $969.36 $155,655.35
$486.42 $972.39 $154,682.96
$483.38 $975.43 $153,707.54
$480.34 $978.47 $152,729.06
$477.28 $981.53 $151,747.53
$474.21 $984.60 $150,762.93
$471.13 $987.68 $149,775.26
$468.05 $990.76 $148,784.49
$464.95 $993.86 $147,790.63
$461.85 $996.96 $146,793.67
$458.73 $1,000.08 $145,793.59
$455.60 $1,003.21 $144,790.39
$452.47 $1,006.34 $143,784.05
$449.33 $1,009.48 $142,774.56
$446.17 $1,012.64 $141,761.92
$443.01 $1,015.80 $140,746.12
$439.83 $1,018.98 $139,727.14
$436.65 $1,022.16 $138,704.98
$433.45 $1,025.36 $137,679.62
$430.25 $1,028.56 $136,651.06
$427.03 $1,031.78 $135,619.28
$423.81 $1,035.00 $134,584.28
$420.58 $1,038.23 $133,546.05
$417.33 $1,041.48 $132,504.57
$414.08 $1,044.73 $131,459.84
$410.81 $1,048.00 $130,411.84
$407.54 $1,051.27 $129,360.57
$404.25 $1,054.56 $128,306.01
$400.96 $1,057.85 $127,248.15
$397.65 $1,061.16 $126,186.99
$394.33 $1,064.48 $125,122.52
$391.01 $1,067.80 $124,054.72
$387.67 $1,071.14 $122,983.58
$384.32 $1,074.49 $121,909.09
$380.97 $1,077.84 $120,831.25
$377.60 $1,081.21 $119,750.03
$374.22 $1,084.59 $118,665.44
$370.83 $1,087.98 $117,577.46
$367.43 $1,091.38 $116,486.08
$364.02 $1,094.79 $115,391.29
$360.60 $1,098.21 $114,293.08
$357.17 $1,101.64 $113,191.44
$353.72 $1,105.09 $112,086.35
$350.27 $1,108.54 $110,977.81
$346.81 $1,112.00 $109,865.80
$343.33 $1,115.48 $108,750.32
$339.84 $1,118.97 $107,631.36
$336.35 $1,122.46 $106,508.90
$332.84 $1,125.97 $105,382.93
$329.32 $1,129.49 $104,253.44
$325.79 $1,133.02 $103,120.42
$322.25 $1,136.56 $101,983.86
$318.70 $1,140.11 $100,843.75
$315.14 $1,143.67 $99,700.08
$311.56 $1,147.25 $98,552.83
$307.98 $1,150.83 $97,402.00
$304.38 $1,154.43 $96,247.57
$300.77 $1,158.04 $95,089.53
$297.15 $1,161.66 $93,927.88
$293.52 $1,165.29 $92,762.59
$289.88 $1,168.93 $91,593.67
$286.23 $1,172.58 $90,421.09
$282.57 $1,176.24 $89,244.84
$278.89 $1,179.92 $88,064.92
$275.20 $1,183.61 $86,881.32
$271.50 $1,187.31 $85,694.01
$267.79 $1,191.02 $84,502.99
$264.07 $1,194.74 $83,308.26
$260.34 $1,198.47 $82,109.78
$256.59 $1,202.22 $80,907.57
$252.84 $1,205.97 $79,701.59
$249.07 $1,209.74 $78,491.85
$245.29 $1,213.52 $77,278.33
$241.49 $1,217.32 $76,061.01
$237.69 $1,221.12 $74,839.89
$233.87 $1,224.94 $73,614.96
$230.05 $1,228.76 $72,386.19
$226.21 $1,232.60 $71,153.59
$222.35 $1,236.46 $69,917.14
$218.49 $1,240.32 $68,676.82
$214.62 $1,244.19 $67,432.62
$210.73 $1,248.08 $66,184.54
$206.83 $1,251.98 $64,932.56
$202.91 $1,255.90 $63,676.66
$198.99 $1,259.82 $62,416.84
$195.05 $1,263.76 $61,153.08
$191.10 $1,267.71 $59,885.38
$187.14 $1,271.67 $58,613.71
$183.17 $1,275.64 $57,338.07
$179.18 $1,279.63 $56,058.44
$175.18 $1,283.63 $54,774.81
$171.17 $1,287.64 $53,487.17
$167.15 $1,291.66 $52,195.51
$163.11 $1,295.70 $50,899.81
$159.06 $1,299.75 $49,600.06
$155.00 $1,303.81 $48,296.25
$150.93 $1,307.88 $46,988.37
$146.84 $1,311.97 $45,676.40
$142.74 $1,316.07 $44,360.32
$138.63 $1,320.18 $43,040.14
$134.50 $1,324.31 $41,715.83
$130.36 $1,328.45 $40,387.38
$126.21 $1,332.60 $39,054.78
$122.05 $1,336.76 $37,718.02
$117.87 $1,340.94 $36,377.08
$113.68 $1,345.13 $35,031.95
$109.47 $1,349.34 $33,682.61
$105.26 $1,353.55 $32,329.06
$101.03 $1,357.78 $30,971.28
$96.79 $1,362.02 $29,609.25
$92.53 $1,366.28 $28,242.97
$88.26 $1,370.55 $26,872.42
$83.98 $1,374.83 $25,497.59
$79.68 $1,379.13 $24,118.46
$75.37 $1,383.44 $22,735.02
$71.05 $1,387.76 $21,347.26
$66.71 $1,392.10 $19,955.16
$62.36 $1,396.45 $18,558.71
$58.00 $1,400.81 $17,157.89
$53.62 $1,405.19 $15,752.70
$49.23 $1,409.58 $14,343.12
$44.82 $1,413.99 $12,929.13
$40.40 $1,418.41 $11,510.72
$35.97 $1,422.84 $10,087.88
$31.52 $1,427.29 $8,660.60
$27.06 $1,431.75 $7,228.85
$22.59 $1,436.22 $5,792.63
$18.10 $1,440.71 $4,351.92
$13.60 $1,445.21 $2,906.71
$9.08 $1,449.73 $1,456.99
$4.55 $1,454.26 $2.73
Years 8
# of Payments per year
Total # of Payments
Interest Rate 6.50%
Periodic Rate 1.63%
Quarter 0 1 2 3 4
Cash flows ($14,000.00) $800.00 $800.00 $800.00 $800.00
Present Value ($14,000.00) $787.21 $774.62 $762.23 $750.05

Quarterly Annual Yes, purchase asset.

IRR 4.23% 16.91% Both NPV & IRR are positive and IRR is greater t
PV NPV
NPV $5,837.60
PV PI
PI 1.42
NPV NPI (annuity of CF)
NPI 799.92
 5 6 7 8 9 10 11 12 13
$850.00 $850.00 $850.00 $850.00 $850.00 $850.00 $850.00 $850.00 $950.00
$784.18 $771.64 $759.30 $747.16 $735.21 $723.46 $711.89 $700.51 $770.40

R are positive and IRR is greater than the cost of capital

 14 15 16 17 18 19 20 21 22 23
$950.00 $950.00 $950.00 $800.00 $800.00 $800.00 $800.00 $600.00 $600.00 $600.00
$758.08 $745.96 $734.03 $608.25 $598.52 $588.95 $579.53 $427.70 $420.86 $414.13
 24 25 26 27 28 29 30 31 32
$600.00 $500.00 $500.00 $500.00 $500.00 $400.00 $400.00 $400.00 $2,900.00
$407.51 $334.16 $328.82 $323.56 $318.39 $250.64 $246.63 $242.68 $1,731.33