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 $98,000 eight years from now at an interest rate of 7%. 2. An agreement to make three separate annual payments of $16,000, with the first payment occurring 1 year from now. The annual interest rate is 2%