Help Save & Sk On January 1, Year 1, the Mahoney Company borrowed $182,000 cash from Sun Bank by issuing a five-year 8% term note. The principal and interest are repad by making annual payments beginning on December 31, Year 1 The annual payment on the loan based on the present value of annuity factor would be $45,583 The amount of principal repayment included in the December 31, Year 1 payment is Multiple Choice O $14,560 O $31,023 $45.583 $37.709