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Exercise B - 1 1 ( Algo ) Present value with semiannual Compounding LO C 1 , P 3 Otto Company borrows money on January

Exercise B-11(Algo) Present value with semiannual Compounding LO C1, P3
Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $28,000 each on June 30 and December 31 of both this year and next year. (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)
How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually?
How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually?
How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually?
Complete this question by entering your answers in the tabs below.
How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually?
\table[[Periodic Cash Flow,,Table Factor,,Present Value],[,,,,]]
Exercise B-11(Algo) Present value with semiannual Compounding LO C1, P3
Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $28,000 each on June 30 and December 31 of both this year and next year. (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)
How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually?
How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually?
How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually?
\table[[Periodic Cash Flow,Table Factor,,Present Value],[,,,]]
Exercise B-11(Algo) Present value with semiannual Compounding LO C1, P3
Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $28,000 each on June 30 and December 31 of both this year and next year. (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)
How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually?
How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually?
How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually?
\table[[Periodic Cash Flow,Table Factor,Present Value,],[,,,]]
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