Get Away Vacations signed a 1313%, 1010minusyear note for $ 157 comma 000$157,000. The company...
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Accounting
Get Away Vacations signed a
1313%,
1010minusyear
note for
$ 157 comma 000$157,000.
The company paid an installment of
$ 2 comma 500$2,500
for the first month. What portion of the first monthly payment is interest expense? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A.
$ 15 comma 583$15,583
B.
$ 33 comma 493$33,493
C.
$ 799$799
D.
$ 1 comma 701
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