1. Suppose your business wants to borrow $4500 from a bank for 5 years. The bank wants a balloon payment of $6500 at the end of the loan's term. What is the interest rate implied by this deal? Answer in percent, rounded to one decimal place.

2. If you take out an amortized loan for $30,000 at an interest rate of 7.0% for 13 years, what are the annual payments you'd have to make to pay it off? Round to the nearest dollar.

3. Suppose you are buying a car for $35,000. You will make a 18% down payment and take out a loan for the rest. You are offered a 2.5% fixed rate loan for 7 years. How much will your monthly payments be? Round to the nearest dollar.