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Please answer all questions within the problem (questions 1-3) Otto Company borrows money on...

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Please answer all questions within the problem (questions 1-3)

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, FV of \$1, PVA of \$1, and FVA of \$1) Note: 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 4%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 10%, 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 4%, compounded semiannually

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