Discount factors for interest rates between 3% and 4%
Interest rate per year
Years
3%
3.1%
3.2%
3.3%
3.4%
3.5%
3.6%
3.7%
3.8%
3.9%
4%
1
0.9709
0.9699
0.969
0.9681
0.9671
0.9662
0.9653
0.9643
0.9634
0.9625
0.9615
2
0.9426
0.9408
0.9389
0.9371
0.9353
0.9335
0.9317
0.9299
0.9281
0.9263
0.9246
3
0.9151
0.9125
0.9098
0.9072
0.9046
0.9019
0.8993
0.8967
0.8941
0.8916
0.889
4
0.8885
0.885
0.8816
0.8782
0.8748
0.8714
0.8681
0.8647
0.8614
0.8581
0.8548
5
0.8626
0.8584
0.8543
0.8502
0.8461
0.842
0.8379
0.8339
0.8299
0.8259
0.8219
6
0.8375
0.8326
0.8278
0.823
0.8182
0.8135
0.8088
0.8041
0.7995
0.7949
0.7903
7
0.8131
0.8076
0.8021
0.7967
0.7913
0.786
0.7807
0.7754
0.7702
0.7651
0.7599
8
0.7894
0.7833
0.7773
0.7713
0.7653
0.7594
0.7536
0.7478
0.742
0.7363
0.7307
9
0.7664
0.7598
0.7532
0.7466
0.7401
0.7337
0.7274
0.7211
0.7149
0.7087
0.7026
10
0.7441
0.7369
0.7298
0.7228
0.7158
0.7089
0.7021
0.6954
0.6887
0.6821
0.6756
11
0.7224
0.7148
0.7072
0.6997
0.6923
0.6849
0.6777
0.6706
0.6635
0.6565
0.6496
12
0.7014
0.6933
0.6852
0.6773
0.6695
0.6618
0.6542
0.6466
0.6392
0.6318
0.6246
13
0.681
0.6724
0.664
0.6557
0.6475
0.6394
0.6314
0.6236
0.6158
0.6081
0.6006
14
0.6611
0.6522
0.6434
0.6347
0.6262
0.6178
0.6095
0.6013
0.5932
0.5853
0.5775
15
0.6419
0.6326
0.6235
0.6145
0.6056
0.5969
0.5883
0.5799
0.5715
0.5633
0.5553
16
0.6232
0.6136
0.6041
0.5948
0.5857
0.5767
0.5679
0.5592
0.5506
0.5422
0.5339
17
0.605
0.5951
0.5854
0.5758
0.5664
0.5572
0.5481
0.5392
0.5305
0.5218
0.5134
18
0.5874
0.5772
0.5672
0.5574
0.5478
0.5384
0.5291
0.52
0.511
0.5023
0.4936
19
0.5703
0.5599
0.5496
0.5396
0.5298
0.5202
0.5107
0.5014
0.4923
0.4834
0.4746
20
0.5537
0.543
0.5326
0.5224
0.5124
0.5026
0.493
0.4835
0.4743
0.4653
0.4564
21
0.5375
0.5267
0.5161
0.5057
0.4955
0.4856
0.4758
0.4663
0.4569
0.4478
0.4388
22
0.5219
0.5109
0.5001
0.4895
0.4792
0.4692
0.4593
0.4496
0.4402
0.431
0.422
23
0.5067
0.4955
0.4846
0.4739
0.4635
0.4533
0.4433
0.4336
0.4241
0.4148
0.4057
24
0.4919
0.4806
0.4696
0.4588
0.4482
0.438
0.4279
0.4181
0.4086
0.3992
0.3901
25
0.4776
0.4662
0.455
0.4441
0.4335
0.4231
0.4131
0.4032
0.3936
0.3842
0.3751
26
0.4637
0.4521
0.4409
0.4299
0.4192
0.4088
0.3987
0.3888
0.3792
0.3698
0.3607
27
0.4502
0.4385
0.4272
0.4162
0.4055
0.395
0.3848
0.375
0.3653
0.3559
0.3468
28
0.4371
0.4254
0.414
0.4029
0.3921
0.3817
0.3715
0.3616
0.3519
0.3426
0.3335
29
0.4243
0.4126
0.4011
0.39
0.3792
0.3687
0.3586
0.3487
0.3391
0.3297
0.3207
30
0.412
0.4002
0.3887
0.3776
0.3668
0.3563
0.3461
0.3362
0.3266
0.3173
0.3083