1. What will the annual payments be on a six-year loan of $12,500 at 13 percent interest rate? 2. You've just found the perfect home. However, in order to buy it, you'll need to take out a $15,000, 30-year mortgage with monthly mortgage payments at an annual interest rate of 6 percent. What will your monthly mortgage payments be? 3. Suppose you plan to get a $6,000 car loan at 15% annual interest with annual payments that you will pay off over four years. Your annual payment is $2,101.59. What will your outstanding balance be at the end of year 2?