On January 1, 2024, Thomas Company purchased a building and signed a six-year mortgage for $130,000 at 10%. The note will be paid in equal annual installments of $29,849, beginning January 1, 2025.
Calculate the amount of principal paid on the third installment. (Round any intermediate calculations and your final answer to the nearest dollar.)
? ?. $20,387
B. $11,315
OC. $18,534
OD. $9,462