348 VALUATION, DEPRECIATION AND THE RATE-BASE 
EXPLANATION OF TABLE 24 
AMOUNT OF ONE DOLLAR AT INTEREST COMPOUNDED QUARTERLY 
Table 24 gives the amount of $1 at interest rates from 23 per 
cent to 6 per cent for each year up to ro years and then for every 
10 years from 10 to 50 years. The amount for other years can 
be obtained by multiplying together the figures given in the 
table as in the examples given below. 
Examples. — (a) What is the amount of $1 in 27 years at 3% 
per cent interest compounded quarterly? 
From the 31 per cent column take the figures given for 20 
years and for 7 years and multiply them together. 
$1 X 1.910516438 X 1.254303900 = $2.306368219. 
(b) What is the amount of $24,360.50 in 11 years at 4 per cent 
interest compounded quarterly? 
From the 4 per cent column take the figures given for 10 years 
and for 1 year and multiply them together, then multiply the 
result by $24.360.50. 
$1.488863734 X 1.040604010 X 24,360.50 = $37,742.15. 
(¢c) What will be the amount of $13,240,762.10 in 33 years at 
3 per cent compounded quarterly? 
From the 3 per cent column take the figures for 3 years and 
for one-half year, multiply them together and then multiply the 
result by $13,240,762.10. 
$1.093806808 X 1.015056250X $13,240,762.10 = $14,700,804.16.