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Jim needs a loan of 9200 for a new car. The loan period is 2 years, and the loan payments are made semiannually. The

Jim needs a loan of 9200 € for a new car. The loan period is 2 years, and the loan payments are made semiannually. The annual interest rate of the annuity loan is 3.6 %.

What is the principal payment in the first payment?

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