#3: A loan of amount $14178.03 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are $1000 each, and the final 9 payments are each $2000. Interest is at an effective annual rate of 6.3%. What is the amount of the principal repayment in the 6th payment? Problem #3: Answer correct to 2 decimals. Just Save Submit Problem #3 for Grading! Problem #3 Your Answer: Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attemot #5 Your Mark