Exercise B-10 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 $6,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $20,000 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 Interest Periods First Annuity Single Future x Table Factor = Rate Payment Amount Borrowed First payment 1 7% $ 6,000 x = Second payment 2 7% 6,000 x = Third payment 3 7% 6,000 x = Fourth payment 4 7% 6,000 x = Fifth payment 5 7% 6,000 x = Sixth payment 6 7% 6,000 x = Second Annuity Number of Periods Interest Rate Single Future X Table Factor = Payment Amount Borrowed First payment 1 7% $ 20,000 x = Second payment 2 7% 20,000 x = Third payment 3 7% 20,000 x = Fourth payment 4 7% 20,000 x =