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need help with 1 and 2 thanks Compute the amount that can be borrowed under each of the following circumstances: ( PV of $1,FV of
need help with 1 and 2 thanks
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 to make three separate annual payments of $20,000, with the first payment occurring 1 year from . The annual interest rate is 10%Step by Step Solution
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