9. A hotel investment company is conisdering to add another hotel to its portfolio. The sales price is currently at $ 5,000,000. The purchase is partially financed by a loan with an LTV of 60%. The bank offers a 20-year monthly amortizing mortgage with a nominal interest rate of 6%. How much goes towards principal in the second year

a) $ 52,061

b) -$ 43,599

c) $ 1,557,428

d) $ 85,034