Award: 10.00 points Determine the accumulated and the discounted value of $1000 over 55 days at 7% using both ordinary and exact simple interest. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Ordinary interest Exact interest 2. Award: 10.00 points A loan of $2500 taken out on April 2 requires equal payments on May 25, July 20, September 10, and a final payment of $500 on October 15. If the focal date is October 15, what is the size of the equal payments at 9% simple interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Size of the equal payments 3. Award: 10.00 points Paul borrows $4000 at a 7.5% simple interest rate. He is to repay the loan by paying $1000 at the end of 3 months and two equal payments at the end of 6 months and 9 months. a) Determine the size of the equal payments using the end of 6 months as a focal date. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Size of the equal payments b) Determine the size of the equal payments using the present time as a focal date. (Do not round intermediate calculations. Round your answer to 2 decimal places.]) Size of the equal payments