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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 $90,000 five years from now at an interest rate of 7%. 2. An agreement made on February 1, 2019, to make three separate payments of $21,000 on February 1 of 2020, 2021, and 2022. The annual interest rate is 8%. Option 1 Table Value Amount Present Value Loan amount $ 0 Option 2 Table Value Amount Annual payments Present Value 0
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