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You borrow $10000 to buy a car, at 5% APR with monthly compounding. You will make annual payments, starting one year from now, for five

You borrow $10000 to buy a car, at 5% APR with monthly compounding. You will make annual payments, starting one year from now, for five years. When you make your first payment one year from now, how much of it will go towards paying down principal? (Round answer to the nearest dollar.)

Group of answer choices

A. $1,481

B. $1,760

C. $1,369

D. $1,924

E. $1,806

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