Use an Amortization Table to Solve the Problem $\$ 92,000$ Loan At

Multiple Choice

Use an amortization table to solve the problem. Round to the nearest cent.
-The monthly payments on a $\$ 92,000$ loan at $12 \%$ annual interest are $\$ 1012.92$ . How much of the first monthly payment will go toward interest?

A) $\$ 891.37$
B) $\$ 121.55$
C) $\$ 1104.00$
D) $\$ 920.00$