On January 1. Year 1, Mahoney Company borrowed 5168,000 cash from Sun Bank by issuing a 5 year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals $40,725. What is the amount of principal repayment included in the payment made on December 31, Year 12 Multiple Choice 0 $13,440 O $27.285 O $37,67 $13,440 $27,285 $37,467 540,725