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
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