You have taken out a 60 -month, $26,000 car loan with an APR of 4%, compounded monthly. The monthly payment on the loan is $478.83. Assume that right after you make your 50 th payment, the balance of the loan is $4,701.67 How much of your next payment goes toward principal and how much goes toward interest? Compare this with the prinicipal and interest paid in the first month's payment. (Note: Be careful not to round any intermediate steps less than six decimal places.) The amount that goes towards interest is $ (Round to the nearest cent) You have taken out a 60 -month, $26,000 car loan with an APR of 4%, compounded monthly. The monthly payment on the loan is $478.83. Assume that right after you make your 50 th payment, the balance of the loan is $4,701.67 How much of your next payment goes toward principal and how much goes toward interest? Compare this with the prinicipal and interest paid in the first month's payment. (Note: Be careful not to round any intermediate steps less than six decimal places.) The amount that goes towards interest is $ (Round to the nearest cent)