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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 $10,000 each. C&H subsequently borrows

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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 $10,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $6,000 each. The annual interest rate for both loans is 8%. Find the present value of these two separate annuities. (PV of $1. EV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar. Round "Table Factor" to 4 decimal places.) Number of Periods Table Factor Interest Rate 8% 1 Amount Borrowed 6,000 6,000 0 2 8% First Annuity Single Future Payment $ 10,000 x 10,000 x 10,000 x 10,000 x 10,000 x 10,000 x 3 First payment Second payment Third payment Fourth payment Fifth payment Sixth payment 8% 4 8% 8% 0 0 5 6 8% 0 $ 12,000 Number of Periods Table Factor Amount Borrowed 1 Second Annuity Interest Single Future X Rate Payment 8% $ 6,000 x 8% 6.000 x 8% 6,000 x 8% 6,000 x First payment Second payment Third payment Fourth payment 2 0 3 0 4 $ 0

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