You borrow $ 50,000 with an interest rate at 15% per year and willl pay off the loan in three equal annual payments, with the first payment occurring at the end of first year after the loan is made. The three equal annual payments will be $21,899. Which of the following is true for your first payment at 1? O Interest $0; principal $21,899 Interest- $ 21,899; principal $0 Interest-$7,500; principal - $14,899 Interest- $7,500; principal $21,899