You take out a loan for $3500 at an annual interest rate of 6%. You must pay back the loan in 4 annua installments. Ho outstanding after you make the first payment? (Round your answers to nearest integer) much of ne principal Sstil A $3,710 B $2,700 OC. $3,290 D$3,490 UESTION 2 In loan amortization, interest payments and principal payments have inverse relationship True False QUESTION 3 You take out a loan for $3500 at an annual interest rate of 6% You must pay back the loan in 48 monthly installments. How much of the principal is paid in the second installment? A $65.02 B $64.70 C. $71 D$64.80 UESTION 4 You purchase a new car for for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a 5-year loan with monthly payments and an interest rate of 7.84%. (Round your answer to the nearest integer) A. $30 025