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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 $25,000 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 $25,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $5,000 each. The annual interest rate for both loans is 7%. 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 Table Factor Amount Borrowed 1 2 First Annuity Interest Single Future X Rate Payment 7% $ 25,000 x 7% 25,000 7% 25,000 x 7% 25,000 x 7% 25,000 x 7% 25,000 x 3 First payment Second payment Third payment Fourth payment Fifth payment Sixth payment 0 4 0 0 5 6 0 $ 0 Number of Periods Table Factor Amount Borrowed 1 First payment Second payment Third payment Fourth payment 2 Second Annuity Interest Single Future Rate Payment 7% $ 5,000 7% 5,000 7% 5,000 X 7% 5,000 x 3 0 4 0 $ 0

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