Question: TORR, Inc. issues a $500,000, 6%, six-year note payable on January 1, 20X1. If the monthly payment is $8,286, what is the note's carrying value

TORR, Inc. issues a $500,000, 6%, six-year note payable on January 1, 20X1. If the monthly payment is $8,286, what is the note's carrying value after the first month's payment is made on January 31, 20X1? Select one: O a $500,000 O b. $497,500 Oc. $494,214 O d. $491,714 e. $498,214

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