Use the following to answer questions 20 24 On January 1, year 1, TR borrows $54,000 to purchase a new vehicle by agreeing to a 4.0%, 5-year loan with the bank. Payments are due at the end of each month with the first installment (vehicle payment) due on January 31, year 1. After completing the problem, ROUND YOUR ANSWERS TO THE NEAREST DOLLAR. IMPORTANT!!!! when inputting the monthly interest rate DO NOT ROUND IT (use the math function in the spreadsheet/financial calculator). 20. Determine the monthly vehicle payment (installment) $_________ 21. Determine the interest expense for the first car payment $_________ 22. How much of the payment will decrease the amount owed (principal)? $___________ 23. After the first vehicle payment is made the amount owed on the vehicle would be: $____________ 24. Determine interest expense for the second car payment $_________