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Compute the amount that can be borrowed under each of the following circumstances: (PV of $1. FV of $1. PVA of $1. and FVA of
Compute the amount that can be borrowed under each of the following circumstances: (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) A promise to repay $94,000 eight years from now at an interest rate of 9%. An agreement made on February 1, 2015, to make three separate payments of $12,000 on February 1 of 2016, 2017, and 2018. The annual interest rate is 3%
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