$19.$ On January $1,2021,$ Abhishek Company purchased machinery for $$25,000$ and agreed to finance the purchase by making

$15$ equal payments each December $31$ at the implicit interest rate of $9\%.$ Determine the balance in the Note Payable after

the first payment.

A$)$ $$22,750$

B$)$ $$21,899$

C$)$ $$24,149$

D$)$ $$24,413$