Given a loan amount P, an annual interest rate r, and the length of the loan in years, find the monthly payment R necessary to pay off the loan by completing parts a through c. Represent the number of monthly payments by n.

Given a loan amount P, an annual interest rater, and the le Time Amount $160,000 Rate 5% 20 years a. Calculate P P[1 p.)" and call this number A. A= (Round to two decimal places as needed.) 7