A mortgage loan of $100,000 at 6% compounded monthly is amortized by equal monthly payments over 25 years. What is the total amount of interest that would be paid during the first year?

A) $6,168
B) $5,000
C) $5,952
D) $5,902
E) $3,776

Compounded Monthly

Interest calculation strategy where interest is added to the principal sum every month, allowing the investment to grow at a faster pace.

Amortized

The process of gradually paying off debt through a series of fixed payments that include both interest and a portion of the principal.