Question: Please solve this with steps. Thank you You take out a $10,000 loan for a new car under the following terms: APR is 3% compounding

Please solve this with steps. Thank you

Please solve this with steps. Thank you You take out a $10,000

You take out a $10,000 loan for a new car under the following terms: APR is 3% compounding quarterly, term length is 7 years. The quarterly payments are $397.29. Determine N so that $397.29[0.03/41(1+0.03/4)N] is how much you still owe on the loan when there are three years of payments left. A. N=36 B. N=12 C. N=12 D. N=36

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