On December 1, 2020, Oriole Corporation incurs a 15-year $850000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in monthly installments of $10200, which include interest computed at the rate of 12% per year. The first monthly payment is made on December 31, 2020. The portion of the second monthly payment made on January 31, 2021, which represents repayment of principal is: O $1700. $10200. $8483. O $1717.

On December 1,2020 , Oriole Corporation incurs a 15 -year $850000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in monthly installments of $10200, which include interest computed at the rate of 12% per year. The first monthly payment is made on December 31,2020. The portion of the second monthly payment made on January 31, 2021, which represents repayment of principal is: $1700. $10200. $8483. $1717