A certain college graduate borrows $8800 to buy a car. The lender charges interest at an annual rate of 10%. 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 k that is required to pay off the loan in 2 years. (Round your answer to two decimal places.) k = $ per yr Determine how much interest is paid during the 2-year period. (Round your answer to two decimal places.) $