Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $26,000 each on June 30 and December 31 of both this year and next year (PV of $1. FV of $1. PVA of S1, and EVA 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. Required 1 Required 2 Required 3 How much money is otto able to borrow if the interest rate is 2%, compounded semiannually? Periodic Cash Flow Table Factor Present Value 260,000 0.9610 Required 2 > Che Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $26,000 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 S1) (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. Required 1 Required 2 Required How much money is otto able to borrow if the interest rate is 6%, compounded semiannually! Periodic Cash Flow Table Factor Present Value Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $26,000 each on June 30 and December 31 of both this year and next year. (PV of $1. FV of $1. PVA of $1, and EVA of S1) (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. Required 1 Required 2 Required 3 How much money is otto able to borrow if the interest rate is 8%, compounded semiannually? Periodic Cash Flow ble Factor Present Value
