Multiple Choice
Thayer Company purchased a building on January 2 by signing a long-term $3,360,000 mortgage with monthly payments of $30,800.The mortgage carries an interest rate of 10 percent.The amount owed on the mortgage after the first payment will be
A) $3,360,000.
B) $3,357,200.
C) $3,332,000.
D) $3,329,200.
Correct Answer:
Verified
Correct Answer:
Verified
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