On February 1, the Miro Company needs to purchase some office equipment. The treasurer has said that he could pay for the equipment as follows. The company is short of cash and expects to be short for several months. April 1 $150 June 1 $300 Aug 1 $450 Oct 1 $600 Dec 1 $750 A local office supply firm will agree to sell the equipment to Miro now and accept payment according to the treasurer's schedule. If interest will be charged at 3% every 2 months, with compounding once every 2 months, discuss how much office equipment can the Miro Company buy now? Calculate the effective interest rate?