Determine how much of the total loan payment applies toward principal and how much applies toward interest for a student loan of $29,234 at a fixed APR of 5% for 18 years.

A) $29,234 pays off the principal and $15,151.25 represents interest payments.

B) $29,234 pays off the principal and $15,187.82 represents interest payments.

C) $29,234 pays off the principal and $15,170.76 represents interest payments.

D) $29,234 pays off the principal and $15159.38 represents interest payments.