On December 1, 2018, Garden 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, 2019? (Round your answer to the nearest whole number O A. $4,600 interest only O B. $9,200 principal plus $460 interest O C. $9,200 principal plus $4,600 interest O D. $9,200 principal plus $9,200 interest
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