a. You borrowed $17,000 from a mend and promised to repay the loan m ten equal annual installments. installments begin at the end of the first year What are the annual payment required to pay back your friend who would like to earn 1% annual interest, . Compounded annually? (Round your final answer to the nearest cent, $XXX) The annual payments are $ b. Groth Corporation has an outstanding debt of $93, 478 Assume no interest mil accrue on the debt It has $60,000 to invest in a fund earning 3% interest, compounded annuity How many years will it take Groth to earn enough money to pay back the debt? (Round your final answer to the nearest whole number, X) It will take Groth years to earn enough money to pay back the debt c. Crest & Co purchases jewelry from a supplier for $91, 213.22 Crest uses a note to pay for the jewelry that requires the company to make nine annual payments of $14,000 Payments begin at the end of the first year What interest rate is used in this agreement?(Round your final answer to the nearest whole percent, X%) The interest rate used in this agreement is % d. Your parents wish to accumulate $130,000 to purchase a summerhouse on the Jersey Shore in 9 years. They would like to make deposits into a fund earning 10% interest compounded semiannually. Deposits begin at the end of the first semiannual period Determine the semiannual deposits required to purchase the home (Round your final answer the nearest cent. $XXX) Your parents must deposit $ at the end of each semiannual period