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 $94,000 eight years from now at an Interest rate of 10%. 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 5%. Option 1 Loan amount Option 2 Annual payments Table Value Table Value Amount Amount Present Value Present Value

Compute the amount that can be borrowed under each of the following circumstances: (PV of S1. FV of S1, PVA or S1, and EVA of S1) Note: Use appropriate foctor(s) from the tables provided. Round your "Table value" to 4 decimal places. 1. A promise to repay $94,000 eight years from now at an interest rate of 10%. 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 5%