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Business, 28.05.2021 17:40 u8p4

On December​ 1, 2016, Gardner Products borrowed​ $92,000 on a​5%, 10-year note with annual installment payments of​ $9,200 plus interest due on December 1 of each subsequent year. Which of the following describes the first installment payment made on December​1, 2017? ​ (Round your answer to the nearest whole​ number.) A. ​$9,200 principal plus​ $460 interest
B. ​$4,600 interest only
C. ​$9,200 principal plus​ $9,200 interest
D. ​$9,200 principal plus​ $4,600 interest

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