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You obtained a $ 1 0 , 0 0 0 loan at 1 . 5 % compounded monthly. What will you pay monthly if the

You obtained a $10,000 loan at 1.5% compounded monthly. What will you pay monthly if the amortization period is 5 years? How much of the payment made at the end of the third year goes towards proncipal?
a. $173.10/$147.78
b. $163.10/$177.78
c. $178.10/167.78
d.$173.10/$167.78
e. $167.78/$173.10

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