Trego Corporation Purchased Equipment with a Fair Value of $150,000

Multiple Choice

Trego Corporation purchased equipment with a fair value of $150,000 on a 6 percent note.The note requires four end-of-year payments of $43,290.How much of the first payment would be principal?

A) $43,290
B) $ 43,290 / 4 = $10,822.50
C) $9,000
D) unable to determine from the information given