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 $2,000 per month for the next three years and then $3,000 per month for the two years after that. If the bank is charging customers 6.50 percent APR, how much would it be willing to lend the business owner? rev: 02_02_2012

$153,326

$156,000

$10,140

$120,699