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

Otto Company borrows money on January $1$ and promises to pay it back in four semiannual payments of $$15,000$ each on June $30$ and December $31$ of both this year and next year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ 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 $2\%,$ compounded semiannually?

$2.$ How much money is Otto able to borrow if the interest rate is $6\%,$ compounded semiannually?

$3.$ 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 $2\%,$ compounded semiannually?