itiple choice questions, please select the 'best answer among the given choices. For calculation questions where you are ed to enter a numerical answer, please read the instructions for the question carefully to make sure you enter the answer in th ed format with the required precision (i.e. the number of digits after the decimal point) Question 1 10 pts XYZ Corp took an amortization loan from a large bank: The amount borrowed was $ million, structured to be paid in equal annual installments over 15 years at a 6% rate. Approximately what percentage of the first year payment is used to cover interest? 42% 58% 74% 96% Next 0 2 3 4