Use this formula to calculate the loan payment: PMT=PV. R.{[1 + R]^N/ [1 + R]^N - 1}
PMT =21,000 x 0.045/12{[1 + 0.045/12]^(5*12) / [1 + 0.045/12]^(5*12) - 1}
PMT = 78.75{[1.00375]^60 / [1.00375]^60 - 1}
PMT =78.75 x 4.9714718.....
PMT = $391.50 - The monthly payment for 60 months, or 5 years.