Exercise B-13 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 $90,000 seven years from now at an interest rate of 6%. 2. An agreement made on February 1, 2016, to make three separate payments of $20,000 on February 1 of 2017, 2018, and 2019. The annual interest rate is 10% Option 1 Loan amount Table Value Amount Present Value $ 0 Table Value Amount Option 2 Annual payments Prosent Value 0