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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, andFVA of $1) (Use appropriate
Compute the amount that can be borrowed under each of the following circumstances: (PV of $1,FV of $1,PVA of $1, andFVA of $1)(Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.)
- A promise to repay $92,000 four years from now at an interest rate of 10%.
- An agreement made on February 1, 2019, to make three separate payments of $25,000 on February 1 of 2020, 2021, and 2022. The annual interest rate is 3%.
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