What is the fraction of the fixed payment represent the, Financial Management

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What is the fraction of the fixed payment represent the

Susana takes out a $1000 loan (constant payment loan) the loan carries a 10% annual interest rate and it will be amortized with fixed annual payments over a three-year period. what is the fraction of the fixed payment represent the repayment of principal in year one?

a) 24.87%

b) 68.20%

c) 75.13%

d) 82.64%

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