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Compute the amount that can be borrowed under each of the following circumstances. (PV of S1. EVO 1.PVA S1 and EVA 0.51 (Use appropriate factor(s)

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Compute the amount that can be borrowed under each of the following circumstances. (PV of S1. EVO 1.PVA S1 and EVA 0.51 (Use appropriate factor(s) from the tables provided. Round your "Toble value" to 4 decimal places.) 1. A promise to repay $98,000 ten years from now or an interest rate of 7% 2. An agreement made on February 1, 2019, to make three separate payments of $28,000 on February 1 of 2020 2021, and 2022 The annual interest rate is 7% Option1 Table Value Amount Present Value $ Loan amount 0 Table Value Amount Present Value Option 2 Annual payments 0

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