Question: 3. Suppose that each week, you make a $132 payment toward a 9-year loan whose annual rate is 8.8%. How much was the loan for?

3. Suppose that each week, you make a $132 payment toward a 9-year loan whose annual rate is 8.8%. How much was the loan for?

4. Suppose that every 4 months, you make a $989 payment toward a 13-year loan whose annual rate is 5.2%. How much was the loan for?

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