On January 1, Year 1, Zoe Company issued a $200,000, 9%, 5 year term Installment loan. The loan required a $51,419 annual cash payment on December 31 of each year. Based on this Information, the portion of the principal balance repald during Year 1 was (Round all calculations to the nearest whole dollar) Click the answer you think is right 4,628 $33,419. $18,000. $46,791 Read about this Do you know the answer? l know It Think so Unsure No idea