08:30 On July 1, Shady Creek Resort borrowed $300,000 cash by signing a 10-year, 10.5% installment note requiring equal payments each June 30 of $49,877. What amount of interest expense will be included in the first annual payment? Multiple Choice O O $49,877 $281,623 $18,377 $30,000 $31,500

On July 1. Shady Creek. Resort borrowed $300,000 cash by signing a 10 -year, 10.5% instaliment note requiring equal payments each June 30 of $49,877. What amount of interest expense will be included in the first annual payment? Muiple Choice 549.877 \$28t,623 5i8,37? $30,000 33t.100