Paris Company Buys a Building on a Plot of Land

question 53

Multiple Choice

Paris Company buys a building on a plot of land for $100,000,paying $20,000 cash and signing a 20-year mortgage note for $80,000 at 6%.Monthly payments are $570.
-The first monthly payment was made in January,2013.After the first payment,what is the updated principal balance?

• A) $79,430
• B) $79,600
• C) $79,830
• D) $79,440

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Definitions:

Central Canal

A fluid-filled channel in the center of the spinal cord or in the bone marrow where it serves different roles including housing blood vessels or nerves.

Visual Information

Data received by the eye and processed by the brain to construct a visual representation of the surrounding environment.

Occipital

Pertaining to the occipital bone or the occipital region of the brain, involved in visual processing.

Meninges

The three layers of protective tissue (dura mater, arachnoid mater, and pia mater) covering the brain and spinal cord.