There are a lot of multiples of 4. I'll list you as much as I can :) 4,8,12,16,20,24,28,32,36,40,44,48,52,56,60,64,68,72,76,80,84,88,92,96,100. I'm sorry, I know I listed a lot. You probably didn't need that much :)
Use the formula of the present value of an annuity ordinary which is Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)] Pv present value 5500 PMT monthly payment? R interest rate 0.115 K compounded monthly 12 N time 5years Solve the formula for PMT PMT=Pv÷ [(1-(1+r/k)^(-kn))÷(r/k)] PMT=5,500÷((1−(1+0.115÷12)^( −12×5))÷(0.115÷12)) =120.95
