fx M L K N G H > C D B Date: When the calculations for the amounts borrowed by the company are correct, the cells will change to yellow. On January 1, 2016, a company agrees to pay $20,000 in three years. If the annual interest rate is 8%, determine how much cash the company can borrow with this agreement under the separate scenarios below. (PV of $1, FV of $1, PVA of $1, and FVA of $ 1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Lo 11 12 How much money is the company able to borrow if the interest rate is 8%, compounded annually? Future Value Table Factor Amount Borrowe d $15,876 = 13 14 0.7938 $20,000 15 16 17 2d 18 How much money is the company able to borrow if the interest rate is 8%, compounded semiannually? Amount Borrowe d Table Factor Future Value 19 20 $20,000 at te is 8%, compounded quarterly? $20,000 $15,876 X 0.7938 How much money is the company able to borrow if the interest rate is 8%, compounded semiannually? Future Table Factor Amount Borrowe d Value $20,000 1 2 23 24 How much money is the company able to borrow if the interest rate is 8%, compounded quarterly? Amount Borrowe d Table Factor Future Value 25 26 $20,000 X 27 28 29 30 31 32 33 34