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Assume a five $-$ year equal payment amortization schedule with an annual interest rate of $7\%$ and annual payments. If the beginning principal is $$8,000,$ then the first interest payment will be how it

A$.$ $$960\mathrm{.}00$

B$.$ $$56000$

C$.$ $$1,219\mathrm{.}28$

D$.$ There is not enough information to answer this question.