when you purchaced your car you you took out a five year loan with an interest rate of 6% each year. The annual payment on the car is $5,000. you have just made a payment and now have to decide tp pay off the loan by repaying the outstanding balanceWhat is the pay off annount if ;

a.) you have owned a car for one year (so there are four years left on the loan)

b.) you have owned a car for four years (so there is one year left on the loan)