You currently have a one-year-old loan outstanding on your car. You make monthly payments of $500. You have just made a

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You Currently Have A One Year Old Loan Outstanding On Your Car You Make Monthly Payments Of 500 You Have Just Made A 1 (101.49 KiB) Viewed 10 times

You currently have a one-year-old loan outstanding on your car. You make monthly payments of $500. You have just made a payment. The loan has four years to go (i.e., it had an original term of five years). Show the timeline from your perspective. How would the timeline differ if you created it from the bank's perspective? Show the timeline from your perspective. (Select the best choice below.) O A. Month Cash Flow - $500 0 O B. Month Cash Flow O C. Month Cash Flow O D. Month Cash Flow O A. Month Cash Flow OB. Month Cash Flow O C. Month 0 OD. Month 0 Cash Flow $500 0 0 $500 0 Cash Flow - $500 0 1 0 - $500 1 - $500 1 $500 1 $500 1 + $500 1 $500 1 2 Which of the following loan timelines is from the bank's perspective? (Select the best choice below.) - $500 1 + - $500 $500 2 - $500 2 $500 2 $500 2 $500 2 $500 2 $500 2 3 - $500 - $500 3 - $500 3 $500 3 $500 3 $500 3 $500 3 + - $500 4 3 + - $500 -$500 4 - $500 4 $500 4 $500 4 $500 4 $500 4 -$500 4 -$500 60 - $500 48 - $500 60 $500 48 $500 60 $500 48 $500 60 - $500 48 - $500