Otto Company borrows money on January $1$ and promises to pay it back in four semiannual payments of $$13,000$ each on June $30$ and December $31$ of both this year and next year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided. Round your answers to nearest whole dollar. Round "Table Factor" to $4$ decimal places.$)$

How much money is Otto able to borrow if the interest rate is $8\%,$ compounded semiannually?

How much money is Otto able to borrow if the interest rate is $12\%,$ compounded semiannually?

How much money is Otto able to borrow if the interest rate is $16\%,$ compounded semiannually?

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Required $1$

How much money is Otto able to borrow if the interest rate is $8\%,$ compounded semiannually?

$\backslash$table$[[$Periodic Cash Flow,Table Factor,Present Value$]]$