Exercise B-13 (Algo) Present value of an amount and of an annuity LO P1, P3 Compute the amount that can be borrowed under each of the following circumstances: (PV of $1. V of S1. PVA of $1, and EVA R$1) (Use appropriate factor(s) from the tables provided. Round your "Table value to 4 decimal places.) 1. A promise to repay $96.000 seven years from now at an interest rate of 9% 2. An agreement made on February 1, 2021, to make three separate payments of $24,000 on February 1 of 2022, 2023 and 2024 The annual interest rate is 7% Table Value Amount Present Value Option 1 Loan amount Table Value Amount Present Value Option 2 Annual payments