Today you borrow $10,900 to pay for your expected college costs over the next 4 years, including a master's degree. 2 years from now,

you determine that you need an additional $4,100 so you borrow this additional amount. Starting 4 years from the original loan (2

years from the 2nd loan), you begin to repay your combined debt by making annual payments of $3,000. You will make these payments

for 10 years. Draw a cash flow diagram of this situation from your perspective.

The cash flow diagram can be first represented by end of year cash flows, Aj, for years, j = 0,1,2,...13.