a company borrowed at 5.16% compounded semi-annually to purchase equipment, agreeing to make payments of $2,890 at theend of every three months for 15 payments.

a. what is the equivalent cash price of the equipment

b. how much will be owed at the end of two years

c. how much of the principal will be repaid within the first two years

d. how uchinterest is paid during the first two years

** round final answer to two decimals and all intermediate answers to six decimals