Question: entry level finance Problem 5-23 Present Value of Multiple Annuities (LG5-4) 6 A small business owner visits her bank to ask for a loan. The

entry level finance entry level finance Problem 5-23 Present Value of Multiple Annuities (LG5-4) 6

Problem 5-23 Present Value of Multiple Annuities (LG5-4) 6 A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $2,600 per month for the next three years and then $5,200 per month for two years after that. If the bank is charging customers 9.00 percent APR, how much would it be willing to lend the business owner? (Do not round Intermediate calculations and round your final answer to 2 decimal places 2 points Presentare 3D Book

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