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On January 1 , 2 0 2 4 , Oriole Corp. borrows $ 1 6 , 8 0 0 by signing a 3 - year,

On January 1,2024, Oriole Corp. borrows $16,800 by signing a 3-year, 6% note payable. The note is repayable in three annual fixed principal payments on Decelmber 31 of each year.
(a)
Calculate the annual principal payment.
Annual principal payment $
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