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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 $6,400 each. At the
C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $6,400 each. At the same time, C&H borrowed additional money and agreed to pay it back with a series of four annual payments of $9,600 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.) Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) First Annuity. Number of Periods Interest Rate Single Future Payment Table Factor = Present Value First payment 1 6% $ 6,400 = II Second payment 2 6% 6,400 = II Third payment 3 6% 6,400 = Fourth payment 4 6% 6,400 x = II Fifth payment| 5 6% 6,400 x = II Sixth payment 6 6% 6,400 = II 0 0 0 0 0 Second Annuity Number of Single Future Interest Rate Table Factor = Present Value Periods Payment First payment 1 6% $ 9,600 = Second payment 2 6% 9,600 = Third payment 3 6% 9,600 = 0 Fourth payment| 4 6% 9,600 II = 0 EA $ 0 Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) P (PV of an Annuity Periodic Cash Flow X First Annuity Second Annuity X Ordinary Annuity) = = Present Value
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