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with a No. 2 pencil in the proper column on your Scantron answer sheet. PLEASE DO NOT WRITE ON THIS EXAMINATION. 1) On December 1, 2016, Gardner Products borrowed $83,000 on a 8%, 10-year note with annual installment payments of $8,300 plus interest due on December 1 of each subsequent year. Which of the following describes the first installment payment made on December 1, 2017? (Round your answer to the nearest whole number.) A) $8,300 principal plus $6,640 interest 3) $8,300 principal plus $664 interest ) $8,300 principal plus $8,300 interest ) $6,640 interest only Get Out of Town Vacations signed a 12%, 10-year note for $151,000. T Hot