t 0.081 effective. Find amount of the first payment. NSWER =$

(1 point) (Exercise 3.34) A loan ot SIIOOO is to be repaid by 10 annual payments beginning 6 months trom the date ot the loan. The first payment is to be nalt as large as the others. For the first 3 1/2 years interest is at 0_037 effective; tor the remainder ot the term interest is at 0_081 effective. Find amount ot the first payment. ANSWER = S