Question: Exercise 8-11 Present value with semiannual Compounding LO C1, P3 Otto Co borrows money on April 30, 2019, by promising to make four payments of

Exercise 8-11 Present value with semiannual Compounding LO C1, P3 Otto Co borrows money on April 30, 2019, by promising to make four payments of $13,000 each on November 1, 2019: May 1, 2020 November 1, 2020, and May 1, 2021 PV or $1. EVOSI, PVA and EVA OD 5.1) (Use appropriate factor(a) from the tables provided. Round your answers to nearest whole dollar. Round "Toble Foctor" to 4 decimal places) 1. How much money is Otto able to borrow if the interest rate is 8% compounded semiannually 2. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 16%, compounded semiannually

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