Question: do not use excel $52,000 is borrowed, to be repaid in three equal, annual payments with 12% interest. Approximately how much principal is amortized with

do not use excel $52,000 is borrowed, to be repaid in three do not use excel

$52,000 is borrowed, to be repaid in three equal, annual payments with 12% interest. Approximately how much principal is amortized with the first payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Select one: a. $2,595.02 O b. $6,240.00 a c. $21,650.15 d. $15,410.15

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