Question: 1 . John took out a 1 1 - year loan for $ 8 3 , 3 1 5 from his local bank at an

1. John took out a 11-year loan for $83,315 from his local bank at an annual rate of 9%. If he plans to make weekly payments, how much will each payment be?
2. How much interest would be paid on a 30-year mortgage for $269,649 if the loan's annual rate is 2.3% and payments are made monthly?
3. Every two weeks, Betty makes a $213 payment toward a car loan whose annual rate is 1.8%. If she will be debt-free in 4-years, how much interest will she pay on this loan?

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