Question: Please be clear Current Attempt in Progress A certain college graduate borrows 8067 dollars to buy a car. The lender charges interest at an annual

Please be clear

Current Attempt in Progress A certain college graduate borrows 8067 dollars to buy a car. The lender charges interest at an annual rate of 19%. Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate & dollars per year, determine the payment rate that is required to pay off the loan in 8 years. Also determine how much interest is paid during the 8-year period. Round your answers to two decimal places. Payment rate = i dollars per year Interest paid = i dollars Media

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