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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 $19,000 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 $19,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $15,000 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.) st Annuity Interest Single Future of eriods Amount Borrowed x Table Factor Rate Payment 696| 6% 6% 6% 6% 6% $ First payment Second payment Third payment Fourth payment Fifth payment Sixth payment 19,000 | x 19,000 x 19,000 x 19,000 x 19,000 x 19,000 x 4 Second Annuity Number Interest Single Future Amount x Table FactorBorrowed of PeriodsRate Borrowed 696| 6% 6% 6% 15,000 | x 15,000x 15,000 x 15,000 x $ First payment Second payment Third payment Fourth payment 4
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