Question: 9 0.59 points Skipped Otto Co. borrows money on April 30, 2019, by promising to make four payments of $27,000 each on November 1,

9 0.59 points Skipped Otto Co. borrows money on April 30, 2019, by promising to make four payments of $27,000 each on November 1, 2019; May 1, 2020; November 1, 2020; and May 1, 2021. (PV

9 0.59 points Skipped Otto Co. borrows money on April 30, 2019, by promising to make four payments of $27,000 each on November 1, 2019; May 1, 2020; November 1, 2020; and May 1, 2021. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (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. eBook Required 1 Required 2 Required 3 Hint How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? Periodic Cash Flow References Table Factor = Present Value

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