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On January 1, 2017, Blossom Corp. borrows $21,000 by signing a 3-year, 9% note payable. The note is repayable in three annual fixed payments on

On January 1, 2017, Blossom Corp. borrows $21,000 by signing a 3-year, 9% note payable. The note is repayable in three annual fixed payments on December 31 of each year.

Calculate the annual principal payment.

Annual principal payment$ ?

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