Furniture priced at $20,000 is purchased. A deposit of 15% is paid. The balance is borrowed using

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Furniture priced at $20,000 is purchased. A deposit of 15% is paid. The balance is borrowed using a flatrate loan at 19% per annum interest, to be repaid in equal monthly instalments over five years.
What will be the amount of each monthly instalment? Justify your answer with suitable calculations.