On January 1, year 1, you borrow $28,100 to purchase a new vehicle by agreeing to a 4.5%, 6-year note with the bank. Payments of $446.06 are due at the end of each month with the first installment due on January 31, year 1. ROUND YOUR ANSWERS TO THE NEAREST DOLLAR. 25. AFTER you make your first car payment (installment) how much would you still owe the bank? $_____________ 26. Determine the amount of interest for the second car payment $_________ 27. After you pay all the car payments, how much do you owe the bank at the end of the 5 years? $______