Use an Amortization Table to Solve the Problem $\$ 90,000$ Loan At

Multiple Choice

Use an amortization table to solve the problem. Round to the nearest cent.
-The monthly payments on a $\$ 90,000$ loan at $11 \%$ annual interest are $\$ 1023.30$ . How much of the first monthly payment will go toward the principal?

A) $\$ 198.30$
B) $\$ 910.74$
C) $\$ 825.00$
D) $\$ 112.56$