On December 1, 2016, Gardner Products borrowed $83,000 on a 8%, 10-year note with annual installment payments of $8,300 plus interest due on December 1 of each subsequent year. Which of the following describes the first installment payment made on December 1, 2017?

A.$8,300 principal plus $664 interest

B.$8,300 principal plus $6,640 interest

C.$6,640 interest only

D.$8,300 principal plus $8,300 interest