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$65,000 is borrowed, to be repaid in three equal, annual payments with 13% interest. Approximately how much principal is amortized with the first payment? (Do

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$65,000 is borrowed, to be repaid in three equal, annual payments with 13% interest. Approximately how much principal is amortized with the first payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice $3,578,76 $8,450.00 $27,528.93 $19,078.93

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