Question: You may use an amortization table to solve the problem. Round to the nearest cent. The monthly payments on a $50,000 loan at 13% annual

You may use an amortization table to solve the problem. Round to the nearest cent. The monthly payments on a $50,000 loan at 13% annual interest are 5553.00. How much of the first monthly payment will go toward the principal? hint: the first payment's interest will be found on original amt of loan, using Simple Interest, Int - prt $481.11 $71.89 $541.67 O $11.33

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