please answer both parts. thank u

Graham purchased a business by agreeing to make three payments of $17,000.00 each in 2 months, 7 months, and 13

months. Because of cash flow difficulties, he renegotiated the payment schedule so that he would pay

$30,700.00 in 5 months, $11,000.00 in 13 months, and a third payment of $11,000.00. In how many years should he make the third payment if interest is 9% compounded monthly?

State your answer in years and months (from 0 to 11 months).

The payment of

$11,000.00

can be fulfilled in

nothing

year(s) and

nothing

month(s).

:)

Find the nominal rate of interest compounded annually equivalent to 7% compounded quarterly The nominal rate of interest compounded annually is % (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) Graham purchased a business by aging to make the payment of $17.00000 sachi 2 months and 1 Because show the renegottiche schall 530.70000 in 5 months 51100000 n 1 month and find payment of 1100000 in how many shoulder The payment of 51100000 can be din