Problem #3: A loan of amount $12158.27 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are $800 each, and the final 9 payments are each $1600. Interest is at an effective annual rate of 5.4%. What is the amount of the principal repayment in the 6th payment? Problem #3: Answer correct to 2 decimals. Just Save Submit Problem #3 for Grading Attempt #2 Attempt #3 | Attempt #4 | Attempt #5 Problem #3 | Attempt #1 Your Answer: Your Mark