Question: please do out on paper and explain steps Martha borrows X for 9 years at an annual effective interest rate of 8% to be repaid

please do out on paper and explain steps

Martha borrows X for 9 years at an annual effective interest rate of 8% to be repaid with equal payments at the end of each year. The outstanding balance immediately after the 5th payment is 4506.74. Calculate the amount of principal repaid in the first payment. Martha borrows X for 9 years at an annual effective interest rate of 8% to be repaid with equal payments at the end of each year. The outstanding balance immediately after the 5th payment is 4506.74. Calculate the amount of principal repaid in the first payment

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