Exercise B-11 (Algo) Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April 30, 2021, by promising to make four payments of $29,000 each on November 1, 2021, May 1, 2022: November 1, 2022; and May 1, 2023. (PV of $1. EV of $1 PVA of $1. and EVA of S1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 12%, 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 6%, compounded semiannually? Periodic Cash Flow Table Factor Present Value Seve & Ext Submi Check my work