Michael bought a $29,000,26-week T-bill at a discount rate of 5.2% on August 14. He sold it 11 weeks later at a discount rate of 5.6\%. Find Michael's purchase price, the discount 11 weeks later when he sold it, the proceeds to Michael, and the effective interest rate for the time he held the note. (Hint: Treat T-bills as a discount note:) Michael's purchase price was \$ (Round to the nearest cent as needed.)