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Compute the amount that can be borrowed under each of the following circumstances: (PV of $1. EV of $1. PVA of $1, and FVA.0f $1)
Compute the amount that can be borrowed under each of the following circumstances: (PV of $1. EV of $1. PVA of $1, and FVA.0f $1) (Use appropriate factor(s) from the tables provided. Round your "Table value to 4 decimal places.) 1. A promise to repay $99,000 six years from now at an interest rate of 7% 2. An agreement made on February 1, 2021, to make three separate payments of $27,000 on February 1 of 2022 2023 and 2024. The annual interest rate is 9% Option 1 Table Value Amount Present Value Loan amount $ Tablo Value Amount Option 2 Annual payments Present Value $ 0
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