Compute the periodic rate and interest in the first period for a $2,200 loan with 8.5% APR for the following periods. a. Monthly b. Daily (use a non-leap year) c. Quarterly (4 times a year) d. Biweekly (every 2 weeks) a. The periodic rate is 1% (Type an integer or decimal rounded to three decimal places as needed.) The interest in the first period is S (Round to the nearest cent as needed) b. The periodic rate is % (Type an integer or decimal rounded to three decimal places as needed) The interest in the first period is $ (Round to the nearest cent as needed) c. The periodic rate is % (Type an integer or decimal rounded to three decimal places as noodod.) T The interest in the first period is $ (Round to the nearest cent as needed.) d. The periodic rate is % (Round to the nearest cent as needed.) d. The periodic rate is %. (Type an integer or decimal rounded to three decimal places as needed.) The interest in the first period is $. (Round to the nearest cent as needed.)