May someone help me with this, please show me the formula you would use in the calculator. Careless Whisper by George Michael is beautiful. Will respond with a thumbs up

Your company is planning to borrow $3 million on a 7 -year, 16%, annual payment, fully amortized term loan. What fraction of the payment made at a the second year will represent repayment of principal? Do not round intermediate calculations. Round your answer to two decimal places. %