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 $1,600 per month for the next three years and then $2,600 per month for the two years after that. If the bank is charging customers 6.75 percent APR, how much would it be willing to lend the business owner?
A. $29,275.85
B. $132,090.59
C. $8,910
D. $80,079.93