Campus Flights takes out a bank loan in the amount of $270,000 on March 1. The terms of the loan include a repayment of principal in ten equal installments, paid annually from March 1. The annual interest rate on the loan is 6 percent, recognized on December 31. A. Compute the interest recognized as of December 31 in year 1. 13,500 B. Compute the principal due in year 1. 27,280 X