What payment 8 months from now would be equivalent in value to a $4,275 payment due in 5 months and a $3,100 payment due 24 months from now? The value of money is 7.1%, simple interest. Round your final answer only to 2 decimal places. Runners is offering its preferred customers a 22% discount on all purchases. One of the more popular items is listed at $149.00. A competitor sells the same product but at a list price of $217.50. What rate of discount should the competitor offer to match Runner's price to its preferred customers? Your answer should be in percentage format, correct to 1 decimal place