Question: Adventure Travel signed a 12%, 10 - year note for $161,000. The company paid an installment of $2,800 for the first month. After the first

Adventure Travel signed a 12%, 10 - year note for $161,000. The company paid an installment of $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.)

O A. $163,800

O B. $159,810

C. $159,390

O D. $158,200

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