Question: Camp Crazy obtained a $200,000, 5%, six-year loan for a new camp bus on January 1, 2020. Camp Crazy's monthly payment amount for this loan

Camp Crazy obtained a $200,000, 5%, six-year loan for a new camp bus on January 1, 2020. Camp Crazy's monthly payment amount for

Camp Crazy obtained a $200,000, 5%, six-year loan for a new camp bus on January 1, 2020. Camp Crazy's monthly payment amount for this loan is $3,220.99. How much interest expense will Camp Crazy record for the first monthly installment payment on January 31, 2020? $1,000.00 $833.33 O $138.89 $694.44 Camp Crazy obtained a $200,000,5%, six-year loan for a new camp bus on January 1, 2020. Camp Crazy's monthly payment amount for this loan is $3,220.99. What amount will Camp Crazy debit to the Notes Payable account when it records the first installment payment on January 31, 2020? $4,054.32 $2,387.66 $833.33 O 3,220.99

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