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Camp Elim obtains a $225,000, 6%, five-year loan for a new camp bus on January 1, 2021. If the monthly payment is $2,416.60, by how

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Camp Elim obtains a $225,000, 6%, five-year loan for a new camp bus on January 1, 2021. If the monthly payment is $2,416.60, by how much will the carrying value decrease when the first payment is made on January 31, 2021? $1,125.00 O $1.791.60 $1,291.60 $625.00

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