Question: TORR, Inc. issues a $600,000, 9%, five-year note payable on January 1, 20X5. If the monthly payment is $12,455, what is the note's carrying value

TORR, Inc. issues a $600,000, 9%, five-year note payable on January

TORR, Inc. issues a $600,000, 9%, five-year note payable on January 1, 20X5. If the monthly payment is $12,455, what is the note's carrying value after the first month's payment is made on January 31, 20X5? Select one: O a. $600,000 O b. $595,500 O c. $587,545 O d. $592,045 O e. $593,540

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