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3. A loan of amount $16474.32 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are

3. A loan of amount $16474.32 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are $900 each, and the final 9 payments are each $1800. Interest is at an effective annual rate of 3.1%. What is the amount of the principal repayment in the 6th payment?

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