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 $9,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $10,000 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 Interest Rate First Annuity. Single Future Payment Table Factor Amount Borrowed 1 7% IS 9.000 x 0.9434 $ 8,491 2 7% 9.000 X 0.8900 8,010 3 7% 9,000 X 0.8396 7.556 First payment Second payment Third payment Fourth payment Fifth payment Sixth payment 4 7% 9,000 0.7921 7.129 LO 7% 9.000 0.7473 6.726 6 7% 9,000 X 0.7050 6.345 19 44 257 Number of Periods Interest Rate Second Annuity. Single Future Payment X Table Factor Amount Borrowed Number of Periods Interest Rate Second Annuity. Single Future X Payment Table Factor Amount Borrowed 1 7% GA 10.000 0.9434 $ 9,434 2 7% 10,000 0.8900 First payment Second payment Third payment Fourth payment 8.900 3 7% 10,000 X 0.8396 8.396 4 7% 10.000 0.7921 7.921 $ 34,651 *Red text indicates no response was expected in a cell or a formula-ha