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Otto Co, borrows money on April 30, 2019, by promising to make four payments of $13,000 each on November 1,2019; May 1,2020; November 1, 2020;
Otto Co, borrows money on April 30, 2019, by promising to make four payments of $13,000 each on November 1,2019; May 1,2020; November 1, 2020; and May 1, 2021. (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.) 1. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannualiy? 3. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? Complete this question by entering your answers in the tabs below. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually
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