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C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $5,000 each. At the same
C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $5,000 each. At the same time, C&H borrowed additional money and agreed to pay it back with a series of four annual payments of $7,500 each. The annual interest rate for both loans is 6%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use factor(s) from the tables provided. Round answers to nearest whole dollar.
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