Otto Co. borrows money on April 30, 2021, by promising to make four payments of $25,000 each on November 1, 2021; May 1, 2022; November 1, 2022; and May 1, 2023. (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 2%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually?

Otto Co. borrows money on April 30, 2021, by promising to make four payments of $25,000 each on November 1, 2021; May 1, 2022; November 1, 2022; and May 1, 2023. (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 2%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much money is Otto able to borrow if the interest rate is 2%, compounded semiannually? Periodic Cash Flow Table Factor Present Value Required 1 Required 2 > Required 1 Required 2 Required 3 How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? Periodic Cash Flow Table Factor Present Value Required 1 Required 2 Required 3 How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? Periodic Cash Flow Table Factor Present Value