In: Finance
Year | Salary | PV F at 15% | Present value | |||
1 | 70000 | 0.869565 | 60869.57 | |||
2 | 76300 | 0.756144 | 57693.76 | |||
3 | 83167 | 0.657516 | 54683.65 | |||
4 | 90652.03 | 0.571753 | 51830.59 | |||
5 | 98810.71 | 0.497177 | 49126.39 | |||
6 | 107703.7 | 0.432328 | 46563.27 | |||
7 | 117397 | 0.375937 | 44133.88 | |||
8 | 127962.7 | 0.326902 | 41831.25 | |||
9 | 139479.4 | 0.284262 | 39648.75 | |||
10 | 152032.5 | 0.247185 | 37580.12 | |||
11 | 165715.5 | 0.214943 | 35619.41 | |||
12 | 180629.8 | 0.186907 | 33761.01 | |||
13 | 196886.5 | 0.162528 | 31999.57 | |||
14 | 214606.3 | 0.141329 | 30330.02 | |||
15 | 233920.9 | 0.122894 | 28747.59 | |||
16 | 254973.8 | 0.106865 | 27247.71 | |||
17 | 277921.4 | 0.092926 | 25826.09 | |||
18 | 302934.3 | 0.080805 | 24478.65 | |||
19 | 330198.4 | 0.070265 | 23201.5 | |||
20 | 359916.3 | 0.0611 | 21990.99 | |||
21 | 392308.8 | 0.053131 | 20843.63 | |||
22 | 427616.5 | 0.046201 | 19756.14 | |||
23 | 466102 | 0.040174 | 18725.38 | |||
24 | 508051.2 | 0.034934 | 17748.4 | |||
25 | 553775.8 | 0.030378 | 16822.4 | |||
26 | 603615.6 | 0.026415 | 15944.71 | |||
27 | 657941.1 | 0.02297 | 15112.81 | |||
28 | 717155.7 | 0.019974 | 14324.32 | |||
29 | 781699.8 | 0.017369 | 13576.96 | |||
30 | 852052.7 | 0.015103 | 12868.6 | |||
31 | 928737.5 | 0.013133 | 12197.19 | |||
32 | 1012324 | 0.01142 | 11560.82 | |||
33 | 1103433 | 0.009931 | 10957.65 | |||
34 | 1202742 | 0.008635 | 10385.94 | |||
35 | 1310989 | 0.007509 | 9844.067 | |||
36 | 1428978 | 0.006529 | 9330.463 | |||
37 | 1557586 | 0.005678 | 8843.657 | |||
38 | 1697768 | 0.004937 | 8382.248 | |||
39 | 1850568 | 0.004293 | 7944.914 | |||
40 | 2017119 | 0.003733 | 7530.397 | |||
Present value of salaries | 1029864 | |||||
Note: | ||||||
Each year salary is computed as under: | ||||||
Salary of current year = salary of previous year + 9% |