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on January 1,2024 , Thomas Company purchased a building and signed a six - year mortgage for $130,000 at 10%. The note will be paid

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on January 1,2024 , Thomas Company purchased a building and signed a six - year mortgage for $130,000 at 10%. The note will be paid in equal annual installments of $29,849, beginning January 1,2025 . calculate the amount of principal paid on the third installment. (Round any intermediate calculations and your final answer to the nearest dollar.) A. $20,387 B. $11,315 C. $18,534 D. $9,462

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