Question: Problem 5.15 Present Value of Multiple Annuities (LGS-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 (LGS-4) A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $2,700 per month for the next three years and then $5,400 per month for two years after that. If the bank is charging customers 9.25 percent APR, how much would it be willing to lend the business owner? Note: Do not round intermediate calculations and round your final onswer to 2 decimal places. Problem 5.15 Present Value of Multiple Annuities (LGS-4) A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $2,700 per month for the next three years and then $5,400 per month for two years after that. If the bank is charging customers 9.25 percent APR, how much would it be willing to lend the business owner? Note: Do not round intermediate calculations and round your final onswer to 2 decimal places

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