Present value of multiple annuities a small business owner, Financial Management

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Present value of multiple annuities a small business owner

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 $2,500 per month for the next three years and then $3,500 per month for the two years after that. If the bank is charging customers 6.50 percent APR, how much would it be willing to lend the business owner? rev: 02_02_2012, 11_23_2015_QC_CS-33412, 11_27_2015_QC_CS-33412, 10_18_2016_QC_CS-62370 $178,880.38 $12,090 $46,202.98 $97,311.66

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