Adventure Travel signed a 14%, 10-year note for $152,000. The company paid an installment of $2200 for the first month. After the first payment, what is the principal balance? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

A) $149,800
B) $150,227
C) $151,573
D) $154,200


C) $151,573

Business

You might also like to view...

In order to clearly differentiate themselves from competitors, retailers must keep merchandise and prices always consistent

Indicate whether the statement is true or false

Business

I am doing a task I do not really understand and wish my leader would clear up my confusion by telling me the first few steps. According to path-goal theory, which leadership style would help me the most?

A. directive behaviors B. achievement behaviors C. supportive behaviors D. participative behaviors

Business

The source of the data for debiting Work-in-Process for direct materials is the:

A) purchase order B) purchase requisition C) materials requisition D) receiving report

Business

In a one-way ANOVA test, we conclude there are differences across population means if the

A. between variation is small relative to the within variation. B. between variation and within variation are equal. C. between variation is large relative to the within variation. D. between variation equals zero.

Business