Thayer Company purchased a building on January 2 by signing a long-term $3,360,000 mortgage with monthly payments of $30,800.The mortgage carries an interest rate of 10 percent.The amount owed on the mortgage after the first payment will be
A)$3,360,000.
B)$3,357,200.
C)$3,332,000.
D)$3,329,200.

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The Answer of Thayer Company purchased a building on January 2 by signing a long-term $3,360,000 mortgage with monthly payments of $30,800.The mortgage carries an interest rate of 10 percent.The amount owed on the mortgage after the first payment will be
A)$3,360,000.
B)$3,357,200.
C)$3,332,000.
D)$3,329,200.

Thayer Company Purchased a Building on January 2 by Signing