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 best describes the x-intercept of the graph?
A- The x-intercept is 60, which represents the inital 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.