Question 13 1 pts You have just arranged a two-year bank loan for $200,000 at an interest rate of 9% p.a. with interest compounded monthly. The loan will be repaid in equal monthly instalments and the first payment will be due one month from today. Assuming end-of-the-month cash flows, the principal repaid in the first month is closest to: O $1,500. O $7,637 $9.137. 0 $10,637