Problem $\backslash$#$3$: A loan of amount $\backslash (\backslash$$ $15957\mathrm{.}89\backslash )$ is repaid in $15$ annual payments beginning $1$ year after the loan is made. The first $6$ payments are $\backslash (\backslash$$ $1100\backslash )$ each, and the final $9$ payments are each $\backslash (\backslash$$ $2200\backslash ).$ Interest is at an effective annual rate of $\backslash (6\backslash \%\backslash ).$ What is the amount of the principal repayment in the $6$th payment? Problem $\backslash$#$3$: Answer correct to $2$ decimals. Your work has been saved! $($Back to Admin Page$).$