Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $15,000 each on June 30 and December 31 of both this year and next year. (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 semiannually?

3. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually?

Otto Compony borrows money on Jonuary 1 and promises to poy a bock in four semiannual poyments of $15,000 esch on June 30 and December 3 of both this year and next year (PV of 51. EV ots1. PVA of S1, and FVA of S1) (Use appropriate factor(5) from the tablec provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 45. compounded semiannusily? 2. How much money is Otto able to borrow if the interest rate is 8 . compounded semiannually? 3. How much money is Otro oble to borrow if the interest rate is tow, compounded semiannually? Complete this question by entering your answers in the tatis below. How much moner is bito able to borrow if the interest rate is 4%, compounded senkannualy