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Campus Flights takes out a bank loan in the amount of $210,000 on March 1. The terms of the loan indude a repayment of principal

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Campus Flights takes out a bank loan in the amount of $210,000 on March 1. The terms of the loan indude a repayment of principal in ten equal installments, paid annually from March 1. The annual interest rate on the loan is 9 percent, recognized on December 31. A. Compute the interest recognized as of December 31 in year 1. 15,750 B. Compute the principal due in year 1

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