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20. On January 1, 2023, STU Corporation obtained a $52,000,4-year, 6.5% instalment note payable from National Bank. The note requires annual payments consisting of $15,179

20. On January 1, 2023, STU Corporation obtained a $52,000,4-year, 6.5% instalment note payable from National Bank. The note requires annual payments consisting of $15,179 (principal and interest) beginning on December 31st,2023. The December 313t,2023 principal balance (after the first payment) will be equal to: A. $27,635 B. $40,201 C. $36,821 D. $48,620 E. None of the above

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