You have just taken out a $16,000 car loan wth a 4%, APR, compounded monthly. The loan is for five years. When you make your frat payment in one month, how much of the payment will go loward the princpal of the loan and hew much will go toward interest? (Note: Bo careful not to round any intermodiate ateps less than six decimal placess. When you make your first payment, s wil go toward tho principat of the loan and will go toward the interest. (Round to the nearest cent)