On January 1,2016 , a company agrees to pay $20 , 000 in three years. If the annual interest rate is 8% , determine how much determine how much cash the company can borrow with this agreement under the separate scenarios below. How much monoy is the company able to borrow if the interest rate is 8% , compounded annually? How much money is the company able to borrow if the intorest rate is 8% , compounded semiannually? How much money is the company able to borrow if the interest rate is 8% , compounded quarterly