On January 1, Oodles of Noodles purchased a vehicle in exchange for a $10,000, 3-year, 5% installment note. The note requires annual payments of $3,672 on December 31 of each year. In the 1st payment, how much reduces the Notes Payable balance?

On January 1, Oodles of Noodles purchased a vehicle in exchange for a $10,000,3-year, 5% installment note. The note requires annual payments of $3,672 on December 31 of each year. In the 1st payment, how much reduces the Notes Payable balance