Exercise B-10 (Algo) Present values of annuities LO P3 C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $6,500 each. At the same time, C&H borrowed additional money and agreed to pay it back with a series of four annual payments of $9,750 each. The annual Interest rate for both loans Is 4%. (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. 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 x Table Factor Present Value First payment 1 4% $ 6,500 x Second payment 2 4% 6,500 x = Third payment 3 4% 6,500 x Fourth payment 4 4% 6,500 x Fifth payment 5 4% 6,500 x Sixth payment 4% 6,500 x 0 0 0 0 $ 0 Second Annuity Number of Periods Interest Rate Single Future Payment x Table Factor Present Value First payment 1 4% $ 9,750 x Second payment 2 4% 9,750 x = Third payment 3 4% 9,750 x 0 Fourth payment 4 4% 9,750 x 0 $ 0