Use an Amortization Table to Solve the Problem $\$ 61,000$ Loan At

Multiple Choice

Use an amortization table to solve the problem. Round to the nearest cent.
-The monthly payments on a $\$ 61,000$ loan at $14 \%$ annual interest are $\$ 758.84$ . How much of the first monthly payment will go toward interest?

A) $\$ 854.00$
B) $\$ 652.60$
C) $\$ 106.24$
D) $\$ 711.67$