its Chapter 2, Section 2.3, Question 07 A certain college graduate borrows 8658 dollars to buy a car. The lender charges interest at an annual rate of 17%. Assuming that interest is compounded...

Extracted text: its Chapter 2, Section 2.3, Question 07 A certain college graduate borrows 8658 dollars to buy a car. The lender charges interest at an annual rate of 17%. Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate k dollars per year, determine the payment rate that is required to pay off the loan in 2 years. Also determine how much interest is paid during the 2-year period. Round your answers to two decimal places. Payment rate = dollars per year Interest paid =[ dollars