Use an Amortization Table to Solve the Problem $\$ 95,000$ Loan At

Multiple Choice

Use an amortization table to solve the problem. Round to the nearest cent.
-Th e monthly payments on a $\$ 95,000$ loan at $13 \%$ annual interest are $\$ 1050.70$ . How much of the first monthly payment will go toward the principal?

A) $ 1029.17
B) $\$ 914.11$
C) $\$ 136.59$
D) $\$ 21.53$