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Hi could you please complete all parts? Otto Co. borrows money on April 30, 2016, by promising to make four payments of $12,000 each on
Hi could you please complete all parts?
Otto Co. borrows money on April 30, 2016, by promising to make four payments of $12,000 each on November 1, 2016, May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1. EV of $1. PVA of $1 and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? Periodic Cash Flow Table FactorPresent Value How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? Periodic Cash Flow Table Factor Present ValueStep by Step Solution
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