Multiple Choice
Trek Company signed a 9%,10-year note for $155,000.The company paid $2900 as the instalment for the first month.After the first payment,what is the updated principal balance? (Round to the nearest dollar. )
A) $153,837
B) $157,900
C) $153,263
D) $152,100
Correct Answer:
Verified
Correct Answer:
Verified
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