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Going Places Adventure Travel signed a 14%, 10-year note for $160,000. The company paid an installment of $2,600 for the first month. After the first
Going Places Adventure Travel signed a 14%, 10-year note for $160,000. The company paid an installment of $2,600 for the first month. After the first payment, what is the principal balance? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) $159.267 $162,600 O $158,133 O $157,400
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