You have taken out a 60-month, $28,000 car loan with an APR of 7%, compounded monthly. The monthly payment on the loan is $554.43. Assume that right after you make your 50th payment, the balance of the loan is $5,730.49. 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 months payment.