[The Following Information Applies to the Questions Displayed Below

Multiple Choice

[The following information applies to the questions displayed below.]

On January 1, Year 1, Echols Company borrowed $100,000 cash from Sun Bank by issuing a 5-year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals $25,045.65.

-What is the amount of principal repayment included in the payment made on December 31,Year 1?

A) $20,000.00
B) $8,000.00
C) $25,045.65
D) $17,045.65