Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $11,000 each on June 30 December 31 of both this year and next year. (PV of \$1. EV of \$1. PVA of S1. and EVA of \$1) (Use oppropriate factor(s) from the table provided. Round "Table Foctor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 6%, compounded semlannually? 2. How much money is Otto able to bortow if the interest rate is 10%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? Complete this question by entering your answers in the tabs below. How much money is 0 to able to borrow if the interest rate is 6%, compounded semiannually? Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $11,000 each on June 30 and December 31 of both this year and next year. (PV of $1. EV of \$1. PVA of S1, and EVA of Si) (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 6%. compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 10%. compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? Complete this question by entering your answers in the tabs below. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? Exercise B-11 (Algo) Present value with semiannual Compounding LO C1, P3 Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $11,000 each on June 30 and December 31 of both this year and next year. (PV.ol\$1. EV of S1. PVA of S1, and EVA of Si) (Use appropriate foctor(s) from the tables provided. Round "Toble Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? Complete this question by entering your answers in the tabs below. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? Tom Thompson expects to invest $9,000 at 7% and, at the end of a certain period, recelve $28,429. How many years will it be before Thompson recelves the payment? (PV of \$1. EV of \$1. PVA of \$1. and EVA of S1) (Use oppropriate foctor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)
