Exercise B-11 (Algo) Present value with semiannual Compounding LO C1, P3 Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $30,000 each on June 30 and December 31 of both this year and next year. (PV of $1. FV of $1. PVA of $1, and EVA 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 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. Required 1 Required 2 Required 3 How much money is Otto able to borrow if the Interest rate is 4%, compounded semiannually? Table Factor Present Value Periodic Cash Flow $ 30,000 Assessment Tool Required Required 2 >