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Exercise B-13 Present value of an amount and of an annuity LO P1, P3 2...

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Exercise B-13 Present value of an amount and of an annuity LO P1, P3 2 points Compute the amount that can be borrowed under each of the following circumstances: (PV of $1, FV of $1, PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) 1. A promise to repay $97,000 seven years from now at an interest rate of 8%. 2. An agreement made on February 1, 2016, to make three separate payments of $19,000 on February 1 of 2017, 2018, and 2019. The annual interest rate is 4%. eBook Option 1 Loan amount Table Value AmountPresent Value Hint Print Option 2 Annual payments Table Value Amount Present Value References

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