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Get Away Vacations signed a 14%, 10year note for $170,000. The company paid an installment of $2,400 for the first month. What portion of the

Get Away Vacations signed a 14%, 10year note for $170,000. The company paid an installment of $2,400 for the first month. What portion of the first monthly payment is interestexpense? (Do not round any intermediatecalculations, and round your final answer to the nearestdollar.)

A.

$37,967

B.

$1,983

C.

$417

D.

$16,567

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