Challenge Problem 10-36 [LU 10-2 (1)] Debbie McAdams paid 9% interest on a $7,000 loan balance. Jan Burke paid $4,320 interest on a $60,000 loan. Based on 1 year: a. What was the amount of interest paid by Debbie? Interest paid by Debbie $ 630 b. What was the interest rate paid by Jan? (Round your answer to the nearest tenth percent.) Interest rate paid by Jan 7.2 % c. Debbie and Jan are both in the 28% tax bracket. Since the interest is tax deductible, how much will Debbie and Jan each save in taxes? (Round your answers to the nearest cent.) Debbie Jan Save in taxes $