. In order to buy a new car, you nance $17000 with no down payment for a term of ve years at an APR of 5.5%. After you have the car for one year, you are in an accident. No one is injured, but the car is totaled. The insurance company says that before the accident, the value of the car had decreased by 25% over the time you owned it, and the company pays you that depreciated amount after subtracting your $500 deductible. What is your monthly payment for the loan? (Round your answer to the nearest cent.) How much equity have you built up after one year? (Round your answer to the nearest cent.) How much money does the insurance company pay you? (Do not forget to subtract the deductible and round your answer to the nearest cent.) Can you pay off the loan using the insurance payment, or do you still need to make payments on a car you no longer have? If you still need to make payments, how much do you still owe? (Subtract the payment from the insurance company. Round your answer to the nearest cent. Enter DNE if no more payments are needed.) amount owed: $