You have just started a new company to deliver mail and parcels to rural communities. At the moment, other companies either do not provide a service or are exceptionally expensive. The new company requires an initial investment to purchase a fleet of 20 medium-sized vans. These cost £20,000 each, and every van requires a down payment of 20 per cent. Your business plan anticipates the vans being fully paid off after six years and you wish to make monthly payments on the vans starting one month from now. The APR of the loan is 9.6 per cent. What are the monthly payments? (30 marks)