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Going Places Adventure Travel signed a 4%, 5-year note for $150,000. The company paid an installment of $1.200 for the first month. After the first

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Going Places Adventure Travel signed a 4%, 5-year note for $150,000. The company paid an installment of $1.200 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.) $149.300 $159.267 $144,000 $149.500

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