The most common source of debt financing is

Which of the following inventory valuation methods should be used for unique items?

A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification

When creating a fully-amortized loan for $5,000 at an 11% interest rate for 20 years, the lender will require equal monthly payments of $51.61, including principal and interest. How much of the first monthly payment will be used to reduce the principal balance:

A: $45.83; B: $25.80; C: $11.56; D: $5.78.