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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. EV OL $1. PVA O $1, and EVA ON 51) (Use appropriate factor(s) from the tables provided. Round your "Table volue" to 4 decimal places.) 1 A promise to repay $90,000 three years from now at an interest rate of 10% 2. An agreement made on February 1 2019. to make three separate payments of $16,000 on February 1 of 2020 2021 and 2022. The annual interest rate is 3% Table Value Amount Present Value Option 1 Loan amount Table Value Amount Present Value Option 2 Annual payments

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