C&H Ski Club recently borrowed money and agrees to pay it back with a series of six annual payments of $16,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $11,000 each. The annual interest rate for both loans is 9%. 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 PV factor to 4 decimal places.)

6. value: 2.40 points C&H Ski Club recently borrowed money and agrees to pay it back with a series of six annual payments of $16,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $11,000 each. The annual interest rate for both loans is 9%. 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 PV factor to 4 decimal places.) Amount Borrowed Number of Periods First payment Second payment Third payment Fourth payment Fifth payment Sixth payment Interest Rate 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% First Annuity Single Future x PV of $1 Value = Payment $ 16,000 X 16,000 x 16,000 x 16,000 x 16,000 x 16,000 x = $ 0 Amount Borrowed Second Annuity Number Interest Single Future * PV of $1 Value = of Periods Rate Payment First payment 9.0% $ 11,000 x Second payment 29.0% 11,000 x Third payment 9.0% 11,000 x Fourth payment 49.0% 11,000