Today you borrow \($10\),000 to pay for your expected college costs over the next 4 years, including a master’s degree. Two years from now, you determine that you need an additional \($4\),000, so you borrow this amount.

Starting 4 years from the original loan (2 years from the second loan), you begin to repay your combined debt by making annual payments of \($2\),880. You will make these payments for 10 years. Draw a cash flow diagram of this situation from your perspective.