Comly Communications issues $a$ $$600,000,10\%,20-$year mortgage note $on$ January $1.$ The terms provide for annual installment

payments $of$ $$69,932,$ exclusive $of$ real estate taxes and insurance. After the first installment payment, the principal balance $is$

$$600,000.$

$$530,068.$

$$565,034.$

$$590,068.$

Attempts: $0of4$ used

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