On November 1,2018,A-1 Products Borrowed $64,000 on a 5%,5-Year Note

On November 1,2018,A-1 Products borrowed $64,000 on a 5%,5-year note with annual installment payments of $12,800 plus interest due on November 1 of each succeeding year.On November 1,2020,what is the balance of the Long-Term Notes Payable account? (Round your answer to nearest whole number.)

A) $38,400
B) $64,000
C) $51,200
D) $12,800