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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
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.) 1. A promise to repay $94,000 four years from now at an interest rate of 10%. 2. An agreement to make three separate annual payments of $18,000, with the first payment occurring 1 year from now. The annual interest rate is 5%. Option 1 Loan amount Table Value Amount Present Value $ Option 2 Table Value Amount Present Value Annual payments 0
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