Suppose you take out a five-year car loan for $18000, paying an annual interest rate of 5%. You make monthly payments of $340 for this loan. Complete the table below as you pay off the loan. 5% Interest on amount still owed (Remember to divide by 12 for monthly interest) Months Amount still owed 0 1 2 3 4 5 6 7 8 9 10 11 12 18000 17660 17393.58 17126.06 16857.42 16587.65 16316.77 16044.76 15771.61 15497.32 15221.90 X 14945.32 X 14667.59 X 0 73.58 72.47 71.36 70.24 69.12 67.99 66.85 65.72 64.57 X 62.27 X 63.42 X X Amount of monthly payment that goes toward paying off the loan (after paying interest) 340 340 340 340 340 340 340 340 340 340 340 340 X X X X X X X X X X X X What is the total amount paid in interest over this first year of the loan? 747.59 X