You have just taken out a five-year loan from a bank to buy an engagement ring. The ring costs $6,500. You plan to put down $1,200 and borrow $5,300. You will need to make annual payments of $1,250 at the end of each year. Show the timeline of the loan from your perspective. How would the timeline differ if you created it from the bank's perspective? Show the timeline of the loan from your perspective. (Select the best choice below.) A. Year 0 2 3 4 5 Cash Flow $5,300 - $1,250 - $1,250 - $1,250 - $1,250 - $1,250 O B. Year 0 1 2 3 4 5 + Cash Flow - $5,300 $1,250 $1,250 $1,250 $1,250 $1,250 C. Year 0 1 2 3 4 5 Cash Flow - $1,200 $1,250 $1,250 $1,250 $1,250 $1,250 OD. Year 0 2 3 4 5 Cash Flow $6,500 - $1,250 - $1,250 - $1,250 - $1,250 - $1,250 You plan to deposit $600 in a bank account now and $100 at the end of the year. If the account earns 6% interest per year, what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $ (Round to the nearest dollar.)