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Pretty Potato Inc. started a new project by issuing a $60,000 face value note to Valley National Central Bank on January 1, 2018. The note
Pretty Potato Inc. started a new project by issuing a $60,000 face value note to Valley National Central Bank on January 1, 2018. The note had a 6 percent annual rate of interest and a 10-year term. Payments of $8,152 are to be made each December 31 for 10 years. What is the principal balance on January 1, 2019? (round to the nearest whole number) Pretty Potato Inc. started a new project by issuing a $60,000 face value note to Valley National Central Bank on January 1, 2018. The note had a 6 percent annual rate of interest and a 10-year term. Payments of $8,152 are to be made each December 31 for 10 years. What is the principal balance on January 1, 2019? (round to the nearest whole number)
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