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Suppose you borrowed $19,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the

Suppose you borrowed $19,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year? Select the correct answer. a. $1,911.20 b. $1,883.20 c. $1,900.00 d. $1,888.80 e. $1,894.40

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