Adventure Travel signed a

1111%,

1010minusyear

note for

$ 151 comma 000$151,000.

The company paid an installment of

$ 2 comma 800$2,800

for the first month. After the first payment, what is the principal balance? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)

A.

$ 149 comma 584$149,584

B.

$ 149 comma 616$149,616

C.

$ 153 comma 800$153,800

D.

$ 148 comma 200