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Get Away Vacations signed a 9%, 10-year note for $163,000. The company paid an installment of $2,800 for the first month. What portion of the
Get Away Vacations signed a 9%, 10-year note for $163,000. The company paid an installment of $2,800 for the first month. What portion of the first monthly payment is interest expense? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) O O A. $16,383 O B. $28,253 OC. $1,577 OD. $1,223 O O
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