Problem $1$

Today you borrow $$10,000$ to pay for your expected college costs over the next $4$ years. Two years from now, you determine that you need an additional $$4,000,$ so you borrow this amount. Starting $4$ years from the original loans, you begin to repay your combined debt by making annual payments of $$2880.$ You will make these payments for $10$ years. Draw a cash flow diagram for this situation from your perspective.