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What is the amount of the unrecovered balance

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Spectra Scientific of Santa Clara, California, manufactures Q-switched solid-state industrial lasers for LED substrate scribing and silicon wafer dicing. The company got a $50 million loan, amortized over an 8-year period at 8% per year interest.

NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part.

What is the amount of the unrecovered balance immediately after the first payment? (Enter your answer in dollars and not in millions.)

Reference no: EM133246920

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