(1 point) Ralph has just borrowed 1700 dollars to purchase a new stereo, at a nominal rate of interest of 11 percent convertible monthly. Although he is charged interest from the moment he borrows the money, the first payment is not due for 6 months. If he will make 24 monthly payments, how much interest is in the 17th payment? Answer = dollars. (1 point) A loan of 17600 dollars is to be repaid in annual installments of 2200 dollars, the first due in one year, followed by a final smaller payment. If the effective rate of interest is 10.2 percent, what is the outstanding balance owed immediately after the 5th payment? Answer = dollars. (1 point) Suppose that a loan is being repaid with 60 equal monthly payments, the first coming a month after the loan is made. If the rate of interest is 8.9 percent convertible monthly, and the amount of principal in the 22nd payment is 210, how much interest is in the 44th payment? Answer = dollars