can you please show the step by step solution. please do not skip steps. explain why you got the answer you did. Please try to refrain from using Excel

Problem #$3$: A loan of amount $$19316\mathrm{.}84$ is repaid in $15$ annual payments beginning $1$ year after the loan is made. The first $6$

payments are $$1100$ each, and the final $9$ payments are each $$2200.$ Interest is at an effective annual rate of $3\mathrm{.}6\%.$

What is the amount of the principal repayment in the $6$th payment?