On January 1, Zero Company Obtained a $52,000, Four-Year, 6

Multiple Choice

On January 1, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments consisting of principal and interest of $15,179, beginning on December 31 of the current year. The December 31, Year 1, carrying amount in the amortization table for this installment note will be equal to

A) $27,635
B) $40,201
C) $36,821
D) $48,620