X=5 is your answer to this
The answer to this problem is x=210
The answer is -3, i had a test with the same question
Answer:
$1169.45
Step-by-step explanation:
Using the formula:

where;
Loan amount L = 160000
number of months (n) = 20 × 12 = 240
Lets assume that the interest rate per month c = 6.25% since it is not given.
i.e. (6.25/( 100*12) ) = 5.208 × 10⁻³
∴

P = $1169.45