Question: can someone help me figure the table factor or the formula CAH Ski Club recently borrowed money and agreed to pay it back with a
CAH Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $14,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $14,000 each. The annual Interest rate for both loans is 7%. Find the present value of these two separate annuities. ( POS), EVOLSI. PVA . and EVA (S1) (Use appropriate factor(s) from the tobles provided. Round your answers to nearest whole dollar. Round "Table Foctor" to 4 decimal places.) Number of Periods Table Factor Amount Borrowed 1 Interest Rate 7% 7% 7% 7% Fust payment Second payment Third payment Fourth payment Fifth payment Sixth payment 2 3 First Annuity Single Future Payment S 14,000 X 14.000 x 14.000 x 14,000 14,000 X 14,000 4 5 7% 6 796 Number of Periods Table Factor Amount Borrowed 1 Second Annuity Interest Single Future x Rate Payment 7% $ 14,000 7% 14,000 X 796 14,000 X 7% 14.000 x First payment Second payment Third payment Fourth payment 2 3 4
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