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Sam borrowed 1000 on January 1, 1993 to be repaid by level payments every two years beginning January 1, 1995. The annual effective interest rate

Sam borrowed 1000 on January 1, 1993 to be repaid by level payments every two years beginning January 1, 1995. The annual effective interest rate is 9 %. The amount of interest in the fourth payment is 177.72. What is the amount of principal in the sixth payment ?

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