Present Value of Multiple Annuities A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $2,400 per month for the next three years and then $3,400 per month for the two years after that. If the bank is charging customers 7.50 percent APR, how much would it be willing to lend the business owner? rev: 02_02_2012, 12_17_2015_QC_CS-33412

$169,678

$180,000

$13,500

$137,530