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Blackboard - Athens State University 3 Homework i Appendix B Homework Saved Help Save & Exit Submit Check my work Compute the amount that can
Blackboard - Athens State University 3 Homework i Appendix B Homework Saved Help Save & Exit Submit Check my work Compute the amount that can be borrowed under each of the following circumstances: (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value to 4 decimal places.) 1. A promise to repay $95,000 ten years from now at an interest rate of 9%. 2. An agreement made on February 1, 2019, to make three separate payments of $11,000 on February 1 of 2020, 2021, and 2022. The annual interest rate is 7%. Option 1 Table Value Amount Present Value Loan amount $ Option 2 Table Value Amount Present Value Annual payments 0
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