D Question 22 12 pts Complete the following statement using one word in the parentheses. Write down your choices of words to fill in the blanks and briefly explain your answer If interest rates are expected to fall, long-term interest rates will tend to be (higher/lower) than short-term rates to attract borrowers. In these cases, the yield curve shape will be (normal/steep/smooth/inverted). Such a yield curve shape tends to be associated with (boom/recession) in the economy Edit View Insert Format Tools Table 1 an Paracranh v B T U Av -2 You have just purchased a car and taken out a $44,000 loan. The loan has a five-year term with monthly payments and an APR of 5.7% 1) How much will you pay in interest, and how much will you pay in principal, during the first month? 2) How much will you pay in interest, and how much will you pay in principal, during the first year? Edit View Insert Format Tools Table