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. Periodic Cash Flow $13,000 Use formulas that reference data from this worksheet and from the appropriate future or present value tables (found by clicking the tabs at the bottom of this worksheet). Required: 1. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? Periodic Cash Flow $13,000 Table Factor 0.8573 Present Value $11,145 2. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? 1. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? Periodic Cash Flow $13,000 x Table Factor 0.8573 Present Value $11,145 2. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? Periodic Cash Flow Table Factor Present Value 3. How much money is Otto able to borrow if the interest rate is 16%, compounded semiannually? Periodic Cash Flow Table Factor Present Value