Question: May someone help me with this, please show me the formula you would use in the calculator. Careless Whisper by George Michael is beautiful. Will

May someone help me with this, please show me the formula you would use in the calculator. Careless Whisper by George Michael is beautiful. Will respond with a thumbs up

Your company is planning to borrow $3 million on a 7 -year, 16%, annual payment, fully amortized term loan. What fraction of the payment made at a the second year will represent repayment of principal? Do not round intermediate calculations. Round your answer to two decimal places. %

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