Exercise B$-11($Algo$)$ Present value with semiannual Compounding LO C$1,$ P$3$

Otto Company borrows money on April $30,2021,$ by promising to make four payments of $$16,000$ each on November $1,2021$; May $1,$

$2022$; November $1,2022$; and May $1,2023.$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$

and FVA of $$1)$

How much money is Otto able to borrow if the interest rate is $4\%,$ compounded semiannually?

How much money is Otto able to borrow if the interest rate is $8\%,$ compounded semiannually?

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? Exercise B$-11($Algo$)$ Present value with semiannual Compounding LO C$1,$ P$3$

Otto Company borrows money on April $30,2021,$ by promising to make four payments of $$16,000$ each on November $1,2021$; May $1,$

$2022$; November $1,2022$; and May $1,2023.$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$

and FVA of $$1)$

How much money is Otto able to borrow if the interest rate is $4\%,$ compounded semiannually?

How much money is Otto able to borrow if the interest rate is $8\%,$ compounded semiannually?

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 $8\%,$ compounded semiannually? Exercise B$-11($Algo$)$ Present value with semiannual Compounding LO C$1,$ P$3$

Otto Company borrows money on April $30,2021,$ by promising to make four payments of $$16,000$ each on November $1,2021$; May $1,$

$2022$; November $1,2022$; and May $1,2023.$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$

and FVA of $$1)$

How much money is Otto able to borrow if the interest rate is $4\%,$ compounded semiannually?

How much money is Otto able to borrow if the interest rate is $8\%,$ compounded semiannually?

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 $10\%,$ compounded semiannually?