Question: Please can someone solve this and write it out step by step directions on how I should type this in to excel. Thanks! The compounding

Please can someone solve this and write it out step by step directions on how I should type this in to excel. Thanks!

The compounding frequency on a loan is once every year. If you borrow $112,950.76 at an annual interest rate of 3.07%, how much must you pay every year so that you pay back the loan in 31 years?

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