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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 2020;
Otto Co. borrows money on April 30,2019 , by promising to make four payments of $13,000 each on November 1 , 2019 ; May 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 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. How much money is Otto able to borrow if the interest rate is 2%, compounded semiannually? 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 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. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? 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 FFA 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. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually
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