Suppose you borrowed $$11,000$ at a rate of $11\mathrm{.}2\%$ and must repay it in $5$ equal installments at the end of each of the next $5$ years. How much interest would you have to pay in the first year?

a$.$ $$973\mathrm{.}28$

b$.$ $$1,108\mathrm{.}80$

c$.$ $$1,195\mathrm{.}04$

d$.$ $$1,232\mathrm{.}00$

e$.$ $$1,268\mathrm{.}96$

a

b

c

d

e