Exercise B$-13($Algo$)$ Present value of an amount and of an annuity LO P$1,$ P$3$

Compute the amount that can be borrowed under each of the following circumstances:

Note: Use appropriate factor$($s$)$ from the tables provided. Round your "Table value" to $4$ decimal places. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

A promise to repay $$96,000$ nine years from now at an interest rate of $9\%.$

An agreement made on February $1,2021,$ to make three separate payments of $$25,000$ on February $1$ of $2022,2023,$ and $2024.$ The annual interest rate is $8\%.$

$\backslash$table$[[$Option $1,$Table Value,Amount,Present Value$],[$Loan amount,,,$],[,,,],[$Option $2,$Table Value,Amount,Present Value$],[$Annual payments,,,$]]$