Appendix

Present Value Tables

Figure 8.9 Present Value of $1 Received at the End of n Periods


Note: Factor = \dfrac{a}{(1+r)^n}


Figure 8.10 Present Value of a $1 Annuity Received at the End of Each Period for n Periods


Note: Factor = \dfrac{1-(1+r)^{-n}}{r}