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2. Compute the amount that can be borrowed under each of the following circumstances: (PV of $1, FV of S1, PVA of $1, and FVA
2. Compute the amount that can be borrowed under each of the following circumstances: (PV of $1, FV of S1, PVA of $1, and FVA of S1 (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) 1, A promise to repay $99,000 three years from now at an interest rate of 8%. 2. An agreement made on February 1, 2016, to make three separate payments of $15,000 on February 1 of 2017, 2018, and 2019. The annual interest rate is 3%. Option 1 Table Value Amount Present Value Loan amount Option 2 Annual payments Table Value Amount Present Value 3. On January 1, 2016, a company agrees to pay $23,000 in four years. If the annual interest rate is 5%, determine how mnuch cash the company can borrow with this agreement. (PV of $1, FV of $1, PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Amount Table Factor Borrowed Future Value
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