6. Please provide a detailed solution. By hand.

Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $698.13 at the end of every year over three years. If interest is 4.8% compounded quarterly, what was the original loan balance?

parad ) Langara Woodcraft borrowed money to purchase equipment. The antisrepaid by making payments of $108.13 at the end of every year over three years. It interest is 4.3% compounded quarterly, what was the original loan balance? The original fan balance was found the final anuwart to the nearest cont as needed. Round at intermediate values to six decimal places we needed)