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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

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 $10,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $8,000 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.)

First Annuity
Number of Periods Interest Rate Single Future Payment x Table Factor = Amount Borrowed
First payment 1 6% $10,000 x =
Second payment 2 6% 10,000 x =
Third payment 3 6% 10,000 x =
Fourth payment 4 6% 10,000 x =
Fifth payment 5 6% 10,000 x =
Sixth payment 6 6% 10,000 x =
Second Annuity
Number of Periods Interest Rate Single Future Payment x Table Factor = Amount Borrowed
First payment 1 6% $8,000 x =
Second payment 2 6% 8,000 x =
Third payment 3 6% 8,000 x =
Fourth payment 4 6% 8,000 x =

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