Capital Recovery Factor Tables

Capital Recovery Factors (CRFs) are numbers which are multiplied by a loan amount in order to
determine the annual amount required to pay off a loan. The equation to calculate the annual payment
amount is shown below:

= () (1)

The annual payment amount represents the amount which would need to be collected through utility rates
to ensure there is sufficient income in order to pay for the debt.

Annual Loan Repayment Calculation Example

The following example shows step by step how to use the tables to calculate the annual loan repayment
amount for your project. The example shown is for a 5-year loan at 4% interest, with a loan amount of
$50,000.

The following tables contain CRFs for various loan durations (years) and interest rates (%). To determine
the CRF for your situation, find the intersection between the interest rate and loan duration. The number
at the intersection of these two parameters is the CRF for those parameters. For this example, the
method for finding the CRF for a 5-year, 4% interest rate loan is shown below:

Capital Recovery Factors

Interest Rate
Years 2.50% 3% 3.50% 4% 4.50% 5% 6% Years
1 1.025 1.03 1.035 1.04 1.045 1.05 1.06 1
2 0.5188 0.5226 0.5264 0.5302 0.534 0.5378 0.5454 2
3 0.3501 0.3535 0.3569 0.3603 0.3638 0.3672 0.3741 3
4 0.2658 0.269 0.2723 0.2755 0.2787 0.282 0.2886 4
5 0.2152 0.2184 0.2215 0.2246 0.2278 0.231 0.2374 5
6 0.1816 0.1846 0.1877 0.1908 0.1939 0.197 0.2034 6
7 0.1575 0.1605 0.1635 0.1666 0.1697 0.1728 0.1791 7

All of the necessary information to calculate the annual repayment amount is available. Inserting the
values into Equation 1 above:

= $50,000 0.2246

= $11,230

The annual repayment amount for a 5-year, $50,000 loan at 4% is $11,230.

If your loan has an interest rate or duration which is not shown in the tables below, the CRF can be
calculated using the following equation:
 ( + ) (2)
=
( + )

Where: i = decimal interest rate (%rate/100)

n = number of years of the loan

CRF = Capitol Recovery Factor

For example, if the scenario above was for a 5 year loan at 4.25%, the CRF could be calculated using
Equation 2 as follows:

. ( + . )
= = .
( + . )

The CRF calculated using this method is then used in Equation 1 as before to calculate the annual loan
repayment amount.
 Capital Recovery Factors
Interest Rate
Years 0.25% 0.50% 0.75% 1% 1.25% 1.50% 1.75% 2% Years
1 1.0025 1.005 1.0075 1.01 1.0125 1.015 1.0175 1.02 1
2 0.5019 0.5038 0.5056 0.5075 0.5094 0.5113 0.5132 0.5151 2
3 0.335 0.3367 0.3383 0.34 0.3417 0.3434 0.3451 0.3468 3
4 0.2516 0.2531 0.2547 0.2563 0.2579 0.2594 0.261 0.2626 4
5 0.2015 0.203 0.2045 0.206 0.2076 0.2091 0.2106 0.2122 5
6 0.1681 0.1696 0.1711 0.1725 0.174 0.1755 0.177 0.1785 6
7 0.1443 0.1457 0.1472 0.1486 0.1501 0.1516 0.153 0.1545 7
8 0.1264 0.1278 0.1293 0.1307 0.1321 0.1336 0.135 0.1365 8
9 0.1125 0.1139 0.1153 0.1167 0.1182 0.1196 0.1211 0.1225 9
10 0.1014 0.1028 0.1042 0.1056 0.107 0.1084 0.1099 0.1113 10
11 0.0923 0.0937 0.0951 0.0965 0.0979 0.0993 0.1007 0.1022 11
12 0.0847 0.0861 0.0875 0.0888 0.0903 0.0917 0.0931 0.0946 12
13 0.0783 0.0796 0.081 0.0824 0.0838 0.0852 0.0867 0.0881 13
14 0.0728 0.0741 0.0755 0.0769 0.0783 0.0797 0.0812 0.0826 14
15 0.068 0.0694 0.0707 0.0721 0.0735 0.0749 0.0764 0.0778 15
16 0.0638 0.0652 0.0666 0.0679 0.0693 0.0708 0.0722 0.0737 16
17 0.0602 0.0615 0.0629 0.0643 0.0657 0.0671 0.0685 0.07 17
18 0.0569 0.0582 0.0596 0.061 0.0624 0.0638 0.0652 0.0667 18
19 0.054 0.0553 0.0567 0.0581 0.0595 0.0609 0.0623 0.0638 19
20 0.0513 0.0527 0.054 0.0554 0.0568 0.0582 0.0597 0.0612 20
21 0.0489 0.0503 0.0516 0.053 0.0544 0.0559 0.0573 0.0588 21
22 0.0468 0.0481 0.0495 0.0509 0.0523 0.0537 0.0552 0.0566 22
23 0.0448 0.0461 0.0475 0.0489 0.0503 0.0517 0.0532 0.0547 23
24 0.043 0.0443 0.0457 0.0471 0.0485 0.0499 0.0514 0.0529 24
25 0.0413 0.0427 0.044 0.0454 0.0468 0.0483 0.0497 0.0512 25
26 0.0398 0.0411 0.0425 0.0439 0.0453 0.0467 0.0482 0.0497 26
27 0.0383 0.0397 0.0411 0.0424 0.0439 0.0453 0.0468 0.0483 27
28 0.037 0.0384 0.0397 0.0411 0.0425 0.044 0.0455 0.047 28
29 0.0358 0.0371 0.0385 0.0399 0.0413 0.0428 0.0443 0.0458 29
30 0.0346 0.036 0.0373 0.0387 0.0402 0.0416 0.0431 0.0447 30
36 0.0291 0.0304 0.0318 0.0332 0.0347 0.0362 0.0377 0.0392 36
40 0.0263 0.0276 0.029 0.0305 0.0319 0.0334 0.035 0.0366 40
48 0.0221 0.0235 0.0249 0.0263 0.0278 0.0294 0.031 0.0326 48
50 0.0213 0.0227 0.0241 0.0255 0.027 0.0286 0.0302 0.0318 50
 Capital Recovery Factors
Interest Rate
Years 2.50% 3% 3.50% 4% 4.50% 5% 6% Years
1 1.025 1.03 1.035 1.04 1.045 1.05 1.06 1
2 0.5188 0.5226 0.5264 0.5302 0.534 0.5378 0.5454 2
3 0.3501 0.3535 0.3569 0.3603 0.3638 0.3672 0.3741 3
4 0.2658 0.269 0.2723 0.2755 0.2787 0.282 0.2886 4
5 0.2152 0.2184 0.2215 0.2246 0.2278 0.231 0.2374 5
6 0.1816 0.1846 0.1877 0.1908 0.1939 0.197 0.2034 6
7 0.1575 0.1605 0.1635 0.1666 0.1697 0.1728 0.1791 7
8 0.1395 0.1425 0.1455 0.1485 0.1516 0.1547 0.161 8
9 0.1255 0.1284 0.1314 0.1345 0.1376 0.1407 0.147 9
10 0.1143 0.1172 0.1202 0.1233 0.1264 0.1295 0.1359 10
11 0.1051 0.1081 0.1111 0.1141 0.1172 0.1204 0.1268 11
12 0.0975 0.1005 0.1035 0.1066 0.1097 0.1128 0.1193 12
13 0.091 0.094 0.0971 0.1001 0.1033 0.1065 0.113 13
14 0.0855 0.0885 0.0916 0.0947 0.0978 0.101 0.1076 14
15 0.0808 0.0838 0.0868 0.0899 0.0931 0.0963 0.103 15
16 0.0766 0.0796 0.0827 0.0858 0.089 0.0923 0.099 16
17 0.0729 0.076 0.079 0.0822 0.0854 0.0887 0.0954 17
18 0.0697 0.0727 0.0758 0.079 0.0822 0.0855 0.0924 18
19 0.0668 0.0698 0.0729 0.0761 0.0794 0.0827 0.0896 19
20 0.0641 0.0672 0.0704 0.0736 0.0769 0.0802 0.0872 20
21 0.0618 0.0649 0.068 0.0713 0.0746 0.078 0.085 21
22 0.0596 0.0627 0.0659 0.0692 0.0725 0.076 0.083 22
23 0.0577 0.0608 0.064 0.0673 0.0707 0.0741 0.0813 23
24 0.0559 0.059 0.0623 0.0656 0.069 0.0725 0.0797 24
25 0.0543 0.0574 0.0607 0.064 0.0674 0.071 0.0782 25
26 0.0528 0.0559 0.0592 0.0626 0.066 0.0696 0.0769 26
27 0.0514 0.0546 0.0579 0.0612 0.0647 0.0683 0.0757 27
28 0.0501 0.0533 0.0566 0.06 0.0635 0.0671 0.0746 28
29 0.0489 0.0521 0.0554 0.0589 0.0624 0.066 0.0736 29
30 0.0478 0.051 0.0544 0.0578 0.0614 0.0651 0.0726 30
31 0.0467 0.05 0.0534 0.0569 0.0604 0.0641 0.0718 31
32 0.0458 0.049 0.0524 0.0559 0.0596 0.0633 0.071 32
33 0.0449 0.0482 0.0516 0.0551 0.0587 0.0625 0.0703 33
34 0.044 0.0473 0.0508 0.0543 0.058 0.0618 0.0696 34
35 0.0432 0.0465 0.05 0.0536 0.0573 0.0611 0.069 35
40 0.0398 0.0433 0.0468 0.0505 0.0543 0.0583 0.0665 40
45 0.0373 0.0408 0.0445 0.0483 0.0522 0.0563 0.0647 45
50 0.0353 0.0389 0.0426 0.0466 0.0506 0.0548 0.0634 50