II. You just borrowed $25,000. The loan is to be repaid in equal installments at the end of each of the next five years, and the interest rate is 10%. How much of your first installment will be towards principal repayment?

a. $4,094.94

b. $2,250.00

c. $4,177.31

d. $6,594.94

e. $6,427.31 f. $2,500.00