Question: Problem 5-15 Present Value of Multiple Annuities (LG5-4) A small business owner visits her bank to ask for a loan. The owner states that she

Problem 5-15 Present Value of Multiple Annuities (LG5-4) A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,200 per month for the next three years and then $2,400 per month for two years after that. If the bank is charging customers 8.00 percent APR, how much would it be willing to lend the business owner? Note: Do not round intermediate calculations and round your final answer to 2 decimal places

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