16)The graph models the linear relationship between the number of monthly payments made on a loan and the remaining balance in dollars left to pay on the loan. Which statement describes the x-intercept of the graph? A)The x-intercept is 60, which represents the initial balance in dollars of the loan. B)The x-intercept is 27,000, which represents the initial balance in dollars of the loan. C)The x-intercept is 60, which represents the number of monthly payments needed to repay the loan. D)The x-intercept is 27,000, which represents the number of monthly payments needed to repay the loan.