Multiple Choice
Celebrate Holidays Company signed a 7%,10-year note for $161,000.The company paid an installment of $2500 for the first month.What portion of the first monthly payment is principal? (Do not round any intermediate calculations,and round your final answer to the nearest dollar.)
A) $1561
B) $4061
C) $4830
D) $15,917
Correct Answer:
Verified
Correct Answer:
Verified
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