Please help me with this HW question (Might need to unfold it)

Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on January 1, 2016. Alden financed $37,908,000, and the note agreement will require $10 million in annual payments starting on December 31, 2016 and continuing for a total of four more years (final payment December 31, 2020). Kenworthy will charge Alden Trucking Company the market interest rate of 10% compounded annually. Upon the first payment of the note on December 31, 2016, the amount of interest expense to be recorded is: Select one: Q A. $4,000,000. 0 B. $2,790,800. m C. $1,000,000. C? D. $3790, 800. Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on January 1, 2016. Alden financed $37,908,000, and the note agreement will require $10 million in annual payments starting on December 31, 2016 and continuing for a total of four more years (final payment December 31, 2020). Kenworthy will charge Alden Trucking Company the market interest rate of 10% compounded annually. After the first payment was made, the note payable liability on December 31, 2016 is closest to: Select one: A A. $40,000,000. o B. $31,698,800. C C. $32,908,000. 77, D. $27,908,000