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Trek Holidays Company signed a 8%,10-year note for $167,000. The company paid an installment of $2,900 for the first month. What portion of the first

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Trek Holidays Company signed a 8%,10-year note for $167,000. The company paid an installment of $2,900 for the first month. What portion of the first monthly payment is principal? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) $4,687 $1.787 $16,817 $3,340

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