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you have completed so far. It does not indicate completion. Return to question On June 1, Year 1, you have just graduated college and have landed that big job to earn your first real paycheck. To celebrate, you decide to buy the new model T-2000 Racer. The car costs $50,000. You apply a down payment of $2,000 that you saved while working part-time in college at Bob's Burger Joint. You must finance the remaining portion by borrowing $48,000 using an installment note with a 10% annual interest rate. Payments of $1,217.40 are due each month over the next four years (48 months), beginning July 1. Year 1. Examine the graphs below and answer the following questions. Car Payments Over 48 Months Loan B 817.40 $1,400 824.21 $60,000 $50,000 $1,200 $1,000 $40,000 Sac.co $800 $600 $20.000 $400 $10.000 $200 0.6 10 12 14 16 50 O2 4 5 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 4 400.00 393.19 Portion of Total Payment (bottom) Portion of Total Payment Click here to open the graph in new.to Prey 12 of 12 il No MacBook Air Return to Question have landed that big job to earn your first real paycheck. To celebrate, r costs $50,000. You apply a down payment of $2,000 that you saved You must finance the remaining portion by borrowing $48,000 using ments of $1,217.40 are due each month over the next four years (48 welow and answer the following questions. Months Loan Balance Over 48 Months $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 0 2 4 6 8 10 12 14 16 20 22 25 28 30 32 34 36 38 40 42 44 46 48 m) Portion of Total Payment (top) NO 12 of