Question: #16 Get Away Vacations signed a 12%, 10 - year note for $168,000. The company paid an installment of $2, 100 for the first month.

#16

Get Away Vacations signed a 12%, 10 - year note for $168,000. The company paid an installment of $2, 100 for the first month. What portion of the first monthly payment is interest expense? (Do r round any intermediate calculations, and round your final answer to the nearest dollar.) multiple choice

A. $16,100

B. $34.160

C. $1.680

D. $420

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