Lou Lewis borrows $10,000 to be repaid over 10 years at 9%. Repayment of principal in the first year is ______.

Name: Lou Lewis borrows $10,000 to be repaid over 10 years at 9%. Repayment of principal in the first year is ______.
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The repayment of principal in the first year for a loan with equal annual payments can be calculated using the formula for the principal portion of an annuity payment. The principal repayment in the first year is $658.

Lou Lewis Borrows $10,000 to Be Repaid Over 10 Years