Answer:
Present value = $115,278.17
Step-by-step explanation:
Given data:
Monthly repay amount for 2 year = $2500
Monthly repay amount for another 2 year = $3500
APR =6%
monthly interest rate = 6.50/12 = 0.54167%
Present value is calculated as
Present value

Present value

Present value

Present value = $115,278.17