To calculate the monthly payment using the given formula, let's identify and substitute the values.

The formula is: $d = \frac{P_N \left( \frac{r}{k} \right)}{\left( 1 + \frac{r}{k} \right)^{Nk} - 1}$ where:

• $d$ = amount of each monthly deposit (payment),
• $P_N$ = principal or initial loan amount,
• $r$ = annual interest rate (as a decimal),
• $k$ = number of compounding periods per year (monthly means $k = 12$),
• $N$ = number of years for the loan.

Given values:

• $P_N = 148,250$ (cost of the car),
• $r = 5.34\% = 0.0534$ (annual interest rate in decimal form),
• $k = 12$ (monthly compounding),
• $N$ = the loan period in years (you'll need to provide this to proceed).

Once we know the term $N$, I can substitute all values and compute the monthly payment $d$. Could you provide the loan duration in years?