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Josefina has taken out a loan for server equipment for her business totaling $21,500. The loan will be repaid by making end of quarter payments

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Josefina has taken out a loan for server equipment for her business totaling $21,500. The loan will be repaid by making end of quarter payments of $1,012.48 for the next 6 years. If interest is 4% compounded monthly, find the balance on the loan at the end of the 3rd year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 3 rd year: $

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