A company borrowed ar 4.67% compounded anually to pucharse merchendise, agreeing to make payments of $2730 at the end of every three months for 11 payments.

a)How much of the principal will be repaid within the first two years?

b)How much interest is paid during the first two years?

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)