A $33,950 Loan at 10

Multiple Choice

A $33,950 loan at 10.6% compounded semi-annually is to be paid off by a series of $4,000 payments that will be made at the end of every six months. How much of the 10^th payment will be credited towards reduction of the principal?

A) 477
B) $497
C) $713
D) $1,005
E) $1,193