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hey md, any luck?

i have it as follows : 15500=3500+x(1.0185)^12 and im solving for x.

hey md

hmmm, well, you're looking for the total amount that is owed on the load after 3 years

after the first year, 15500*(1 - .074/4)^4 is left on the loan

at that time, AJ pays 3500, and you have another equation