Review Problem $9$ #$30$ algo $($LO$6)$

Three equal payments were made one, two, and three years after the date

on which a $$18,100$ loan was granted at $10\mathrm{.}5\%$ compounded monthly. If the

balance immediately after the third payment was $$6,151\mathrm{.}94,$ what was the

amount of each payment? $($Do not round intermediate calculations and

round your final answer to $2$ decimal places.$)$

Each payment $