You have decided you are going to buy a car that costs $25,000.You have $5,000 to put down as a down payment and you are going toborrow the balance.The credit union loan officer says she can offer you a 5% rate, compoundedmonthly, for 5 years.How much will the payment be?

In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number):

1. PV
2. FV
3. Rate %
4. Periods
5. Payment