Trek holidays company signed a 7 10-year note for 151000, Finance Basics

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Trek holidays company signed a 7 10-year note for 151000

Question: Trek Holidays Company signed a 7%, 10-year note for $151,000. The company paid an installment of $1, 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.)

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Finance Basics: Trek holidays company signed a 7 10-year note for 151000

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Finance Basics: Trek holidays company signed a 7 10-year note for 151000

Reference No:- TGS02875752

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