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Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $ 2 5 , 0 0 0

Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $25,000 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.)
How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually?
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 10%, compounded semiannually?
How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually?
Required 1
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 10%, compounded semiannually?
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