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. Christine Olivia borrows $L to be repaid in 6 level yearly payments at an annual effective rate of 6%. Knowing that the outstanding balance

. Christine Olivia borrows $L to be repaid in 6 level yearly payments at an annual effective rate of 6%. Knowing that the outstanding balance at the end of the 2nd year is $3523.36, then calculate how much principal is repaid on the 1st payment and on the 6th payment.

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