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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 $9,000 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 $9,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $7,000 each. The annual Interest rate for both loans is 10%. Find the present value of these two separate annuities. (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar. Round "Table Factor" to 4 decimal places.) Table Factor . Number of Periods 1 Amount Borrowed 2 First payment Second payment Third payment Fourth payment Fifth payment Sixth payment First Annuity Interest Single Future Rate Payment 10% $ 9,000 x 10% 9,000 x 10% 9.000 x 10% 9,000 x 10% 9,000 x 10% 9,000 x 3 4 ###### 5 6 Number of Periods Table Factor Amount Borrowed 1 Second Annuity Interest Single Future Rate Payment 10% 7,000 10% 7,000 10% 7.000 x 10% 7,000 First payment Second payment Third payment Fourth payment 2 3 4

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