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What is the principal? balance

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Question - Adventure Travel signed a? 12%, 10-year note for? $161,000. The company paid an installment of? $2,800 for the first month. After the first? payment, what is the principal? balance?

A. ?$159,390

B. ?$159,810

C. ?$163,800

D. ?$158,200

Reference no: EM132993945

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