Show me the steps to solve Sam$$ Hinds, a local$$ dentist, is going to remodel the dental reception area and add two new workstations. He has contacted$$ A$-$Dec, and the new equipment and cabinetry will cost $$$$18$ comma $000.$ The purchase will be financed with an interest rate of $7\mathrm{.}5\%$ loan over $6$ years. What will Sam have to pay for this equipment if the loan calls for quarterly payments $(4$ per$$ year$)$