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$57,000 is borrowed, to be repaid in three equal, annual payments with 11% interest. Approximately how much principal is amortized with the first payment? (Do

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$57,000 is borrowed, to be repaid in three equal, annual payments with 11% interest. Approximately how much principal is amortized with the first payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice $2,565.77 $17,055.14 $6,270.00 $23,325.14

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