a series of $1 payments, made at the end of each year for the next 10 years, is $6.145 Using that same interest rate, the present value of a series of 10 payments of $1,000 each is $1,000 times 6.145, or $6,145 TABLE 13.3 PRESENT VALUE OF $1 TO BE RECEIVED AT THE END OF A GIVEN NUMBER OF PERIODS Percent Interest Perio d 10 12 14 16 18 20 0.98 0.96 0.94 0.92 0.90 0.89 0.87 0.86 0.84 0.83 7 0.96 0.92 0.89 0.85 0.82 0.79 0.76 0.74 0.71 0.69 7 0.94 0.88 0.84 0.79 0.75 0.71 0.67 0.64 0.60 0.57 9 0.92 0.85 0.79 0.73 0.68 0.63 0.59 0.55 0.51 0.44 5 2 5 0.90 0.82 0.74 0.68 0.62 0.56 0.51 0.47 0.43 0.40 1 10 0.82 0.67 0.55 0.46 0.38 0.32 0.27 0.22 0.19 0.16 15 0.74 0.55 0.41 0.31 0.23 0.18 0.14 0.18 0.08 0.06 0 20 0.67 0.45 0.31 0.21 0.14 0.10 0.07 0.05 0.03 0.02 Attributed to Libby Rittenberg and Timothy Tregarthen Saylor URL: http://www.saylor.org/books/ Saylor.org 729