Going Places Adventure Travel Signed a 14%,10-Year Note for $160,000

Going Places Adventure Travel signed a 14%,10-year note for $160,000.The company paid an installment of $2,600 for the first month.After the first payment,what is the principal balance? (Do not round any intermediate calculations,and round your final answer to the nearest dollar. )

A) $157,400
B) $158,133
C) $159,267
D) $162,600