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Check my 11 Exercise B-11 (Algo) Present value with semiannual Compounding LO C1, P3 6.25 points Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $23,000 each on June 30 and December 31 of both this year and next year. (PV of $1. FV of $1. PVA of S1, and 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? eBook Hint Complete this question by entering your answers in the tabs below. Print Reference Required Required Required 2 How much money is Otto able to borrow if the interest rate is 2%, compounded semiannually? Periodic Cash Table Factor Present Value Flow 23,000 Required Required 2 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 required Required 1 1 2 3 How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? Periodic Cash Table Present Value Flow Factor eBook 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? Hint Complete this question by entering your answers in the tabs below. Print Reference Required Required Retuired 1 2 3 How much money is Otto able to borrow if the Interest rate is 8%, compounded semiannually? Periodic Cash Table Flow Factor Present Value

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