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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. Round "Table Factor" to 4 decimal places.) Complete this question by entering your answers in the tabs below. Second Annuity \begin{tabular}{|r|r|r|r|l|l|l|} \hline & \multicolumn{1}{|c|}{NumberofPeriods} & Interest Rate & SingleFuturePayment & Table Factor & Present Value \\ \hline First payment & 1 & 6% & $ & 7,500 & & = \\ \hline Second payment & 2 & 6% & 7,500 & & = \\ \hline Third payment & 3 & 6% & 7,500 & & = & 0 \\ \hline Fourth payment & 4 & 6% & 7,500 & & = & 0 \\ \hline \end{tabular} 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. Round "Table Factor" to 4 decimal places.) Complete this question by entering your answers in the tabs below
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