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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

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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 $91,000 four years from now at an interest rate of 9%. 2. An agreement made on February 1, 2019, to make three separate payments of $13,000 on February 1 of 2020, 2021, and 2022. The annual interest rate is 6%. Table Value Amount Present Value Option 1 Loan amount 0 Table Value Amount Present Value Option 2 Annual payments

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