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,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 $97,000 six years from now at an interest rate of 10%. 2. An agreement to make three separate annual payments of $17,000, with the first payment occurring 1 year from now. The annual interest rate is 7%