1. Sunland, Inc. owes $37,310 to Cxiitter Company. How much would Sunland have to pay each year if the debt is retired through four equal payments (made at the end of the year), given an interest rate on the debt of 9%? 2. You are interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,000 cash or $6,500 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that you will pay if you choose to make the five annual payments. 3. Mickey Michen will invest $6,420 a year for 24 years in a fund that will earn 5% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 24 years