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ped ook 8 Hint Print erences C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments
ped ook 8 Hint Print erences C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $17,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $6,000 each. The annual interest rate for both loans is 5%. 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 payment Second payment Third payment Fourth payment Fifth payment Sixth payment First payment Second payment Third payment Fourth payment Number of Periods 1 2 3 4 Number of Periods 5 6 1 2 3 4 Interest Rate 5% 5% 5% 5% 5% 5% Interest Rate 5% 5% 5% 5% First Annuity Single Future Payment $ Second Annuity Single Future Payment $ X 17,000 X 17,000 X 17,000 x 17,000 x 17,000 x 17,000 X X 6,000 x 6,000 x 6,000 x 6,000 x Table Factor Table Factor = = = = |||| $ $ Amount Borrowed Amount Borrowed 0 0 0 0 0 0 0 0
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