A bank recently loaned you $14,970.03 to buy a car. The loan is for five years (60 months) and is fully amortized. The rate on the loan is 12% per year, and payments are $333.00/month. Given the above information, what will be the remaining balance on the loan after you make the 1st payment?

$14,786.73

$14,539.23

$12,615.60

$10,979.43