You want to purchase a car today that has a total cost of $25,000. You plan to make a down payment of $4,000 and borrow the remainder from a bank that charges an interest rate of 6.25%. This loan will call for equal monthly payments over a period of five years, with the first payment due one month from today. How much of the first months payment goes towards paying down the principal amount on the loan? $204.12 $299.06 $130.21 $278.23 $109.38