2.15 Ametek Technical & Industrial Products (ATIP) manufactures brushless blowers for boilers, food- service equipment, and fuel cells. The company borrowed $17,000,000 for a plant expansion and repaid the loan in eight annual payments of $2,737,680, with the first payment made one year after the company received the money. What inter- est rate did ATIP pay? Develop the answer using (a) tabulated factor values, (b) a financial calcula- tor, and (c) spreadsheet functions. border Convert the infinite geometric series into an equivalent annual annuity, where the first cashflow is $2862, the interest rate is 5% and the growth is 2%