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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
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 $23,000 each. The annual interest rate for both loans is 6%. Find the present value of these two separate annuities. (PV of $1, FV 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 Interest Rate First Annuity. Single Future Payment $ 9,000 x x Table Factor Amount Borrowed 1 6% First payment Second payment 2 6% 9,000 x 3 6% 4 6% Third payment Fourth payment Fifth payment Sixth payment 9,000 x 9,000 x 9,000 x 5 6% 6 6% 9,000 x Number of Periods Table Factor Amount Borrowed First payment 1 Second Annuity Interest Single Future x Rate Payment 6% $ 23,000 6% 23,000 x 6% 23,000 x 6% 23,000 2 Second payment Third payment Fourth payment 3 = 4 X
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