The chairman of Heller Industries told a meeting of financial analysts that he expects the firm’s earnings and dividends to double over the next 6 years. The firm’s current (that is, as of year 0)...




The chairman of Heller Industries told a meeting of financial analysts that he expects the firm’s earnings and dividends to double over the next 6 years. The firm’s current (that is, as of year 0) earnings and dividends per share are $3.5 and $1.75, respectively. Use Table I and Table II to answer the questions.



  1. Estimate the compound annual dividend growth rate over the 6-year period. Round FVIF value in intermediate calculation to three decimal places. Round your answer to the nearest whole number.
      %

  2. Forecast Heller’s earnings and dividends per share for each of the next 6 years, assuming that they grow at the rate determined in Part a. Use the growth rate rounded to the nearest whole percent. Round your answers to three decimal places.







































    YearDividendEPS
    1$$
    2$$
    3$$
    4$$
    5$$
    6$$


  3. Based on the constant growth dividend valuation model, determine the current value of a share of Heller Industries common stock to an investor who requires a 16 percent rate of return. Do not round intermediate calculations. Round your answer to the nearest cent.
    $

  4. The stock price calculated in part c might not represent an accurate valuation to an investor with a 16 percent required rate of return because the growth rate will -increase, decrease, or always stay the same.

  5. Determine the current value of a share of Heller Industries common stock to an investor (with a 16 percent required rate of return) who plans to hold it for 6 years, assuming that earnings and dividends per share grow at the rate determined in part a for the next 6 years and then at 5 percent thereafter. Do not round intermediate calculations. Round your answer to the nearest cent.
    $





TABLE II<br>Present Value Interest Factor (PVIF) (S1 at i % per period for n periods):<br>PVIF =<br>(1+<br>PV = FV,(PVIF,a)<br>Period, n<br>1%<br>1.000<br>3%<br>1.000 1.000<br>0.980 0.971<br>2%<br>4%<br>1.000<br>0.962<br>5%<br>1.000<br>6%<br>7%<br>8%<br>9%<br>10%<br>1.000<br>11%<br>1.000<br>12%<br>13%<br>1.000<br>0.943<br>1.000<br>0.935<br>1.000<br>0.926<br>0.857<br>0.794<br>1.000<br>0.917<br>1.000<br>0.893<br>0.797<br>0.712<br>0.636<br>1.000<br>0.885<br>0.990<br>0.980<br>0.971<br>0.952<br>0.909<br>0.901<br>0.961 0.943<br>0.942 0.915<br>0.907<br>0.864<br>0.812<br>0.731<br>0.659<br>0.593<br>0.783<br>0.693<br>0.613<br>0.543<br>0925<br>0.890<br>0.873<br>0.816<br>0.842<br>0.826<br>0.751<br>3<br>0.889<br>0.855<br>0.772<br>0.708<br>0.650<br>0.596<br>0.47<br>0.502<br>0.840<br>0.924 0.889<br>0.906 0.863<br>0.823<br>0.784<br>0.746<br>4<br>0.792<br>0.961<br>0.951<br>0.763<br>0.735<br>0.681<br>0.683<br>0.822<br>0.790<br>0.760<br>0.731<br>0.703<br>0.676<br>0.650<br>0.747<br>0.713<br>0.666<br>0.623<br>0.621<br>0.564<br>0.513<br>0567<br>0.507<br>0.452<br>0.888 0.838<br>0.871 0.813<br>0.853 0.789<br>0.837 0.766<br>0.705<br>0.665<br>0.627<br>0.592<br>0.58<br>0.527<br>0.497<br>0.469<br>0.442<br>0.417<br>0.535<br>0.482<br>0.434<br>0.480<br>0.425<br>0.942<br>0.630<br>0.933<br>0.923<br>0.914<br>O.583<br>0.540<br>0.711<br>0.677<br>0.582<br>0.544<br>0.467<br>0.404<br>0.376<br>033<br>0.295<br>0.261<br>0.645<br>10<br>11<br>0.508<br>0.475<br>0.500<br>0.463<br>0.460<br>0.422<br>0.424<br>0.386<br>0.350<br>0.391<br>0.352<br>0.317<br>0.361<br>0.322<br>0.905<br>0.820 0.744<br>0.804 0.722<br>0.614<br>0.896<br>0.887<br>0.585<br>0.557<br>0.429<br>0.397<br>0.388<br>0.287<br>0.257<br>0.229<br>0.205<br>0.183<br>0.788 0.701<br>0.773 0.681<br>0.286<br>0.258<br>0.232<br>0.209<br>0.231<br>0.204<br>0.181<br>12<br>13<br>0.625<br>0.601<br>0.444<br>0.356<br>0.319<br>0.879<br>0.530<br>0.758 0.661<br>0.743 0.642<br>0577<br>0.555<br>0534<br>0.415<br>0.388<br>0.362<br>0.368<br>0.340<br>0.326<br>0.299<br>0.290<br>0.263<br>0.239<br>0.505<br>0.481<br>14<br>0.870<br>15<br>0.315<br>0.292<br>0275<br>0.252<br>0.160<br>0.141<br>0.861<br>0.218<br>0.198<br>0.180<br>0.164<br>0.188<br>0.170<br>0.153<br>0.138<br>0.124<br>0.853<br>16<br>17<br>0.728 0.623<br>0.714 0.605<br>0.700 0.587<br>0.458<br>0.436<br>0.416<br>0.394<br>0.371<br>0.339<br>0.163<br>0.844<br>0513<br>0.494<br>0.317<br>0.270<br>0.250<br>0.231<br>0.212<br>0.296<br>0.276<br>0.258<br>0.197<br>0.146<br>0.130<br>0.116<br>0.104<br>0.066<br>0.125<br>0.111<br>0.098<br>0.087<br>18<br>19<br>0.836<br>0.350<br>0.331<br>0.828<br>0.820<br>0.686 0.570<br>0.673 0554<br>0.622 0.492<br>0.396<br>0.377<br>0310<br>0232<br>0.215<br>0.194<br>0.178<br>0.126<br>0.475<br>20<br>24<br>0.456<br>0.312<br>0.149<br>0.788<br>0.780<br>0.390<br>0.375<br>0.308<br>0.295<br>0.231<br>0.142<br>0.247<br>0.233<br>0.174<br>0.158<br>0.146<br>0.102<br>0.092<br>0.057<br>0.082<br>0.074<br>0.044<br>0.053<br>0.047<br>25<br>30<br>0.610 0.478<br>0.552 0.412<br>0.184<br>0.116<br>0.059<br>0.742<br>0.672<br>0.131<br>0.067<br>0.034<br>0.099<br>0.046<br>0.075<br>0.032<br>0.026<br>0.008<br>0.033<br>0.453 0.307<br>0.372 0.228<br>0.305 0.170<br>0.208<br>0.141<br>0.097<br>0.054<br>0.030<br>40<br>0.022<br>0.015<br>0.011<br>50<br>0.608<br>0.550<br>0.087<br>0.021<br>0.010<br>0013<br>0.006<br>0.009<br>0.003<br>0.005<br>0.002<br>0.003<br>0.001<br>0.002<br>0.001<br>60<br>0.095<br>0.054<br>0.017<br>Period n<br>17%<br>24%<br>14%<br>15%<br>16%<br>1.000<br>0.862<br>18%<br>19%<br>20%<br>1.000<br>0.833<br>28%<br>1.000<br>0.781<br>32%<br>36%<br>40%<br>1.000<br>0.877<br>1.000<br>0.870<br>1.000<br>1.000<br>0.847<br>1.000<br>0.840<br>1.000<br>1.000<br>1.000<br>0.735<br>1.000<br>0.714<br>0.806<br>0.758<br>0.769<br>0.675<br>0.855<br>0.731<br>0.624<br>0.756<br>0.658<br>0.572<br>0.497<br>0.743<br>0.641<br>0.718<br>0.706<br>0.694<br>0.579<br>0.650<br>0.524<br>0.610<br>0.477<br>0574<br>0.41<br>0.398<br>0.510<br>0.364<br>0.435<br>0.592<br>0.519<br>0.609<br>0.516<br>0.437<br>0.593<br>0.499<br>0.419<br>0552<br>0.534<br>0.482<br>0.402<br>0.423<br>0.341<br>0.373<br>0.291<br>0.329<br>0.250<br>0292<br>0215<br>0.260<br>0.186<br>0.476<br>0.456<br>0.400<br>0.432<br>0.376<br>0410<br>0.354<br>0.456<br>0.390<br>0.333<br>0.158<br>0.116<br>0.370<br>0.314<br>0.266<br>0.225<br>0.191<br>0352<br>0.296<br>0.335<br>0.279<br>0.275<br>0.222<br>0227<br>0.178<br>0.189<br>0.143<br>0.133<br>0.095<br>0.068<br>0.048<br>0.351<br>0.308<br>0.327<br>0.284<br>0.305<br>0.263<br>0.285<br>0.243<br>0.208<br>0.178<br>0.152<br>0.130<br>0.249<br>0.209<br>0.233<br>0.194<br>0.179<br>0.144<br>0.139<br>0.108<br>0.085<br>0.063<br>0.108<br>0.085<br>0.066<br>0.082<br>0.062<br>0.047<br>0227<br>0.195<br>0.168<br>0.176<br>0.148<br>0.124<br>0.104<br>0.046<br>0.034<br>0.025<br>0.018<br>0.270<br>0.237<br>0.247<br>0.162<br>0.135<br>0.116<br>0.094<br>0.035<br>0.025<br>11<br>0.215<br>0.187<br>0.162<br>0.137<br>0.116<br>0.099<br>12<br>13<br>0.208<br>0.112<br>0.093<br>0.076<br>0.061<br>0.052<br>0.040<br>0.036<br>0.018<br>0.013<br>14<br>15<br>0.182<br>0.160<br>0.140<br>0.163<br>0.141<br>0.123<br>0.145<br>0.125<br>0.108<br>0.027<br>0.021<br>0.016<br>0.111<br>0.088<br>0.074<br>0.078<br>0.065<br>0.049<br>0.040<br>0.032<br>0.025<br>0.014<br>0.010<br>0.009<br>0.006<br>0.095<br>0.084<br>0.071<br>16<br>17<br>0.123<br>0.108<br>0.107<br>0.093<br>0.093<br>0.080<br>0.081<br>0.069<br>0.062<br>0.052<br>0.054<br>0.045<br>0.032<br>0.019<br>0.015<br>0.012<br>0.009<br>0.007<br>0.005<br>0.003<br>0.005<br>0.060<br>0.051<br>0.026<br>0.021<br>0.017<br>0.044<br>0.037<br>0.031<br>0.015<br>18<br>19<br>0.095<br>0.081<br>0.069<br>0.060<br>0.059<br>0.051<br>0.038<br>0.031<br>0.012<br>0.009<br>0.007<br>0.004<br>0.002<br>20<br>24<br>0.083<br>0.073<br>0.043<br>0.070<br>0.061<br>0.035<br>0.051<br>0.028<br>0.043<br>0.023<br>0.043<br>0.037<br>0.019<br>0.026<br>0.013<br>0.014<br>0.006<br>0.007<br>0.003<br>0.005<br>0.004<br>0.001<br>0.003<br>0.002<br>0.001<br>0.002<br>0.001<br>0.000<br>0.000<br>25<br>30<br>0.038<br>0.020<br>0.030<br>0.015<br>0.024<br>0.012<br>0.020<br>0.009<br>0.016<br>0.007<br>0.001<br>0.013<br>0.005<br>0.010<br>0.004<br>0.005<br>0.002<br>0.002<br>0.001<br>0.001<br>0.000<br>0.000<br>40<br>50<br>0.005<br>0.001<br>0.004<br>0.001<br>0.003<br>0.001<br>0.001<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.002<br>0.001<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>60<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>0.000<br>23<br>4507<br>0060123<br>

Extracted text: TABLE II Present Value Interest Factor (PVIF) (S1 at i % per period for n periods): PVIF = (1+ PV = FV,(PVIF,a) Period, n 1% 1.000 3% 1.000 1.000 0.980 0.971 2% 4% 1.000 0.962 5% 1.000 6% 7% 8% 9% 10% 1.000 11% 1.000 12% 13% 1.000 0.943 1.000 0.935 1.000 0.926 0.857 0.794 1.000 0.917 1.000 0.893 0.797 0.712 0.636 1.000 0.885 0.990 0.980 0.971 0.952 0.909 0.901 0.961 0.943 0.942 0.915 0.907 0.864 0.812 0.731 0.659 0.593 0.783 0.693 0.613 0.543 0925 0.890 0.873 0.816 0.842 0.826 0.751 3 0.889 0.855 0.772 0.708 0.650 0.596 0.47 0.502 0.840 0.924 0.889 0.906 0.863 0.823 0.784 0.746 4 0.792 0.961 0.951 0.763 0.735 0.681 0.683 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.747 0.713 0.666 0.623 0.621 0.564 0.513 0567 0.507 0.452 0.888 0.838 0.871 0.813 0.853 0.789 0.837 0.766 0.705 0.665 0.627 0.592 0.58 0.527 0.497 0.469 0.442 0.417 0.535 0.482 0.434 0.480 0.425 0.942 0.630 0.933 0.923 0.914 O.583 0.540 0.711 0.677 0.582 0.544 0.467 0.404 0.376 033 0.295 0.261 0.645 10 11 0.508 0.475 0.500 0.463 0.460 0.422 0.424 0.386 0.350 0.391 0.352 0.317 0.361 0.322 0.905 0.820 0.744 0.804 0.722 0.614 0.896 0.887 0.585 0.557 0.429 0.397 0.388 0.287 0.257 0.229 0.205 0.183 0.788 0.701 0.773 0.681 0.286 0.258 0.232 0.209 0.231 0.204 0.181 12 13 0.625 0.601 0.444 0.356 0.319 0.879 0.530 0.758 0.661 0.743 0.642 0577 0.555 0534 0.415 0.388 0.362 0.368 0.340 0.326 0.299 0.290 0.263 0.239 0.505 0.481 14 0.870 15 0.315 0.292 0275 0.252 0.160 0.141 0.861 0.218 0.198 0.180 0.164 0.188 0.170 0.153 0.138 0.124 0.853 16 17 0.728 0.623 0.714 0.605 0.700 0.587 0.458 0.436 0.416 0.394 0.371 0.339 0.163 0.844 0513 0.494 0.317 0.270 0.250 0.231 0.212 0.296 0.276 0.258 0.197 0.146 0.130 0.116 0.104 0.066 0.125 0.111 0.098 0.087 18 19 0.836 0.350 0.331 0.828 0.820 0.686 0.570 0.673 0554 0.622 0.492 0.396 0.377 0310 0232 0.215 0.194 0.178 0.126 0.475 20 24 0.456 0.312 0.149 0.788 0.780 0.390 0.375 0.308 0.295 0.231 0.142 0.247 0.233 0.174 0.158 0.146 0.102 0.092 0.057 0.082 0.074 0.044 0.053 0.047 25 30 0.610 0.478 0.552 0.412 0.184 0.116 0.059 0.742 0.672 0.131 0.067 0.034 0.099 0.046 0.075 0.032 0.026 0.008 0.033 0.453 0.307 0.372 0.228 0.305 0.170 0.208 0.141 0.097 0.054 0.030 40 0.022 0.015 0.011 50 0.608 0.550 0.087 0.021 0.010 0013 0.006 0.009 0.003 0.005 0.002 0.003 0.001 0.002 0.001 60 0.095 0.054 0.017 Period n 17% 24% 14% 15% 16% 1.000 0.862 18% 19% 20% 1.000 0.833 28% 1.000 0.781 32% 36% 40% 1.000 0.877 1.000 0.870 1.000 1.000 0.847 1.000 0.840 1.000 1.000 1.000 0.735 1.000 0.714 0.806 0.758 0.769 0.675 0.855 0.731 0.624 0.756 0.658 0.572 0.497 0.743 0.641 0.718 0.706 0.694 0.579 0.650 0.524 0.610 0.477 0574 0.41 0.398 0.510 0.364 0.435 0.592 0.519 0.609 0.516 0.437 0.593 0.499 0.419 0552 0.534 0.482 0.402 0.423 0.341 0.373 0.291 0.329 0.250 0292 0215 0.260 0.186 0.476 0.456 0.400 0.432 0.376 0410 0.354 0.456 0.390 0.333 0.158 0.116 0.370 0.314 0.266 0.225 0.191 0352 0.296 0.335 0.279 0.275 0.222 0227 0.178 0.189 0.143 0.133 0.095 0.068 0.048 0.351 0.308 0.327 0.284 0.305 0.263 0.285 0.243 0.208 0.178 0.152 0.130 0.249 0.209 0.233 0.194 0.179 0.144 0.139 0.108 0.085 0.063 0.108 0.085 0.066 0.082 0.062 0.047 0227 0.195 0.168 0.176 0.148 0.124 0.104 0.046 0.034 0.025 0.018 0.270 0.237 0.247 0.162 0.135 0.116 0.094 0.035 0.025 11 0.215 0.187 0.162 0.137 0.116 0.099 12 13 0.208 0.112 0.093 0.076 0.061 0.052 0.040 0.036 0.018 0.013 14 15 0.182 0.160 0.140 0.163 0.141 0.123 0.145 0.125 0.108 0.027 0.021 0.016 0.111 0.088 0.074 0.078 0.065 0.049 0.040 0.032 0.025 0.014 0.010 0.009 0.006 0.095 0.084 0.071 16 17 0.123 0.108 0.107 0.093 0.093 0.080 0.081 0.069 0.062 0.052 0.054 0.045 0.032 0.019 0.015 0.012 0.009 0.007 0.005 0.003 0.005 0.060 0.051 0.026 0.021 0.017 0.044 0.037 0.031 0.015 18 19 0.095 0.081 0.069 0.060 0.059 0.051 0.038 0.031 0.012 0.009 0.007 0.004 0.002 20 24 0.083 0.073 0.043 0.070 0.061 0.035 0.051 0.028 0.043 0.023 0.043 0.037 0.019 0.026 0.013 0.014 0.006 0.007 0.003 0.005 0.004 0.001 0.003 0.002 0.001 0.002 0.001 0.000 0.000 25 30 0.038 0.020 0.030 0.015 0.024 0.012 0.020 0.009 0.016 0.007 0.001 0.013 0.005 0.010 0.004 0.005 0.002 0.002 0.001 0.001 0.000 0.000 40 50 0.005 0.001 0.004 0.001 0.003 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.002 0.001 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 60 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 23 4507 0060123
TABLE I<br>Future Value Interest Factor (FVIF) (S1 at i % per period for n periods): FVIF = (1 + i)

Extracted text: TABLE I Future Value Interest Factor (FVIF) (S1 at i % per period for n periods): FVIF = (1 + i)": FV, = PV, (FVIF¿») %3! Period, n 1% 3% 1.000 1.000 1.020 1.030 2% 4% 1.000 1.040 5% 1.000 1.050 6% 1.000 1.060 1.124 1.191 7% 1.000 1.070 8% 9% 1.000 1.090 10% 11% 12% 13% 1.000 1.010 1.000 1.080 1.000 1.100 1.000 1.110 1.000 1.000 1.130 1.120 1.254 1.103 1.158 1.216 1.276 2 1.020 1.040 1.061 1.082 1.125 1.170 1.217 1.145 1.166 1.260 1.188 1.210 1.232 1.368 1518 1.685 1.277 1.030 1.061 1.331 1.093 1.082 1.126 1.104 1.159 1.225 1.443 1.630 1.842 2.082 2.353 2658 3.004 1.295 1.412 1.405 1.262 1.338 4. 1.041 1.051 1.311 1.360 1.469 1.464 1.611 1.574 1.762 5 1.403 1.501 1.606 1539 1.062 1.072 1.083 1.094 1.126 1.194 1.149 1.265 1316 1.340 1.407 1.419 1.587 1.714 1.677 1.772 1.949 1.870 2.076 1.974 7 1.504 1230 1.172 1.267 1.828 1.993 2.211 2.476 1.477 1.551 2.305 2558 1.369 1.594 1.718 1.851 1.999 2.144 9 1.195 1.305 1.423 1.689 1.838 2.172 2.358 2.773 1.791 1.898 2.012 10 1.105 1219 1344 1.480 1.629 1.967 2.159 2.367 2.594 2.839 3.106 3.395 11 12 1.116 1.127 1.138 1.149 1.243 1.384 1.268 1.426 1.539 1.601 1.710 1.796 1.886 2.105 2.252 2410 2.332 2580 2.853 3.138 3.152 3.479 3.836 4.335 2518 2.720 2.813 3.066 3.342 3.498 3,883 3.896 4.363 13 1.294 1319 1513 1.469 1.665 1.732 2.133 3.452 3.797 4.898 1.980 2.261 2.397 2.540 14 2.579 2.937 4.310 4.887 5.535 1.346 1558 1373 1.605 1.400 1.653 1.428 1.702 15 16 4.785 5.311 1.161 1.173 1.184 1.196 1.208 1.220 1.270 1.282 1.801 1.873 2.079 2.183 2.292 2407 2527 2.653 2.759 2.952 3.159 3.380 3.617 3.870 3.172 3.426 3.700 3.996 4316 4.661 3.642 3.970 4.328 4.717 4.177 4.595 5.474 6.130 6.254 7.067 17 18 2.693 2.854 1.948 5.054 5.560 5.895 6544 6.866 7.690 8.613 9.646 7.986 2.026 2.107 2.191 9,024 10.197 11.523 19 1.457 1.754 1.486 1.806 3.026 3.207 5.142 5.604 6.116 6.728 7.263 8.062 20 15.179 17.000 1.608 2.033 24 25 2.563 2.666 3.225 3.386 4322 7.040 4.049 4.292 5.072 5.427 6.341 6.848 7.911 8.623 9.850 12.239 13.585 18.790 1.641 2.094 10.835 17.449 21.231 39.116 30 1.348 1.489 2.427 2.208 3.262 1.811 3.243 4.801 5.743 7.612 10.063 13.268 31.409 74.358 176.031 22.892 29.960 21.725 132.782 450.736 524.057 897.597 1,530.05 40 10.286 14.974 45.259 65.001 93.051 2.692 4384 50 60 1.645 1.817 7.107 11.467 18.420 29.457 3.281 5.892 10.520 18.679 32.988 57.946 101.257 46.902 117.391 184.565 289.002 304.482 Period,n 40% 14% 1.000 1.140 1.300 1.482 1.689 1.925 15% 1.000 1.150 16% 17% 18% 19% 20% 24% 28% 1.000 1.280 32% 36% 1.000 1.000 1.000 1.000 1.190 1.000 1.000 1.240 1.000 1.000 1.360 1.000 1 1.160 1.346 1.561 1.170 1.369 1.602 1.874 2.192 2565 3.001 3.511 4.108 1.180 1392 1.643 1.200 1.440 1.728 2.074 2.488 1.320 1.742 2.300 1.400 1.960 1322 1.416 1.538 1.638 1.850 1.521 1.749 1.907 2364 2.932 2.744 3.842 5.378 1.685 2.067 2.684 3.436 2515 1.811 2.100 1.939 2.288 2.005 2.386 3.036 4.007 3.421 4.653 2.011 2.840 3379 4.021 6. 2.195 2.502 2313 2.660 2436 2.700 3.185 3.759 4.435 2.986 3.583 3.635 4398 5.290 6.983 9217 6.328 7.530 10.541 2853 3.252 2.826 3.278 3.803 4.508 5.590 5.629 7206 8605 11.703 15.917 3.059 4.300 5.160 14.758 20.661 6.931 8.594 10.657 3.518 4.785 9.223 12.166 10 11 3.707 4.226 4.046 4.652 4.411 5.117 4.807 5.624 5.234 5.695 6.777 6.192 7.430 11.806 15.112 16.060 21.199 21.647 29.439 28.925 40.496 6.176 7.288 8.599 12 4.818 5.492 6.261 7.138 8.137 9.276 10.575 12.056 13.743 23.212 5350 6.153 5.926 6.886 6.580 7.699 8.064 9.596 8.916 10.699 13.215 19343 27.983 40.037 56.694 13 16.386 24.759 36.937 54.451 79.372 14 15 12839 15.407 7.076 7.988 9.266 9.007 10.539 12.330 14.426 10.147 11.974 11.420 13.590 20.319 25.196 31.961 40.565 51.923 66.461 112.139 48.757 64.359 74.053 111.120 100.712 155.568 8.137 9.358 10.761 12375 14.232 16.367 28.625 16 17 10.748 12.468 136.969 217.795 186.278 304.914 14.129 16.172 19.244 22.901 27.252 18.488 22.186 31.243 84.954 38.741 16.672 19.673 85.071 148.023 253.338 426.879 18 19 14.463 16.879 26.623 31.948 48.039 59.568 16.777 19.748 23.214 108.890 195.391 344.540 597.630 20 24 19.461 23.106 27.393 53.109 32429 65.032 38.338 79.497 73.864 174.631 139380 257.916 468.574 836.683 43.297 35.236 40.874 374.144 783.023 1,603.00 3,214.20 478.905 1,033.59 2,180.08 4,499.88 634.820 1,645.50 4142.07 10,143.0 24,201.4 25 26.462 32919 50.658 62.669 77388 95.396 216.542 30 143.371 184.675 533.869 750.378 1,051.67 700.233 1,083.66 1,670.70 2,566.22 3,927.36 5,988.91 9,100.44 46,890.4 229,350 50.950 85.850 267864 378.721 111.065 237.376 1,469.77 66.212 40 188.884 5,455.91 19,426.7 66,520.8 219,562 700,038 50 60 2,595.92 4,384.00 7,370.20 12,335.4 20,555.1 34,105.0 56,3475 402,996 These interest factors exceed 1.000.000 2344

Jun 01, 2022
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