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A=PMT ×

1+
APR nY
n [(
−1 ) ]
APR
n

APR 0.024
A× 20000×
n 4 120
PMT = = = =1194.70

[( ) ] [( ) ]
0.10044335306
nY (4)(4)
APR 0.024
1+ −1 1+ −1
n 4

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