the question is: determine the payments on the amortized loan of the car for the given value of PV=$20,000, r=8%, t= 4 years, and k=12

how do I do this?

Thank you for the opportunity to help you with your question!

The formula to calculate loan repayment is

p= 8/100(20,000)/ 1- (1+8/100)^-12 x 4

p=/1- (1.08)^-48

p=1600/ 1- 0.024869081

p=1600/0.975131

p= $1640.805

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