Please help me solve for X and understand. Thank u

I3 of 20 (10 complete) P 5-25 (similar to) Question H You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the loan is 8.75% APR (month are considering making an extra payment of $175 today (i.e., you will pay an extra $175 that you are not required to pay). If you are required to continue to payments of $500 per month until the loan is paid off, what is the amount of your final payment? What effective rate of return (expressed as an APR with m compounding) have you earned on the $175? (Note: Be careful not to round any intermediate steps less than six decimal places) If you are required to continue to make payments of $500 per month until the loan is paid off, what is the amount of your final payment? The final payment is $(Round to the nearest cent.) Help Me Solve This XHelp Sorry, that's not correct You 8.75% requin Solve for X to determine the amount that will not need to be paid on the last payment, using the following formuia final your Be Pv-S175. 0.00729167 1-(100729167)") $500 0.00729167 1.00729167y81007291678 (10072916748 First Altenatively, we can use a financial calculator or MS Excel to compute the FV PMT 500 PV FV 0.7291667 20.013.56 48 Solve for Excel Form ula = FV(RATENPER.PMT,FV-FV(000729167.48,-500.2001 3.56)-? flows OK Enter Clear All Check Answer Close