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Otto Co, borrows money on April 30, 2021, by promising to make four payments of $22.000 each on November 1, 2021: May 1, 2022; November

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Otto Co, borrows money on April 30, 2021, by promising to make four payments of $22.000 each on November 1, 2021: May 1, 2022; November 1, 2022; and May 1, 2023. (PV of $1. FV of $1. PVA of S1, and EVA 0f $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

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