Compute the amount that can be borrowed under each of the following circumstances: (PV of $1,...
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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 $1) Note: Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places. 1. A promise to repay $99,000 four years from now at an interest rate of 6%. 2. An agreement to make three separate annual payments of $14,000, with the first payment occurring 1 year from now. The annual Interest rate is 6% Option 1 Table Value Amount Present Value 0 Loan amount Option 2 Table Value Amount Present Value Annual payments 0 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) Note: Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places. 1. A promise to repay $99,000 four years from now at an interest rate of 6%. 2. An agreement to make three separate annual payments of $14,000, with the first payment occurring 1 year from now. The annual Interest rate is 6% Option 1 Table Value Amount Present Value 0 Loan amount Option 2 Table Value Amount Present Value Annual payments 0
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