makaylad9200 makaylad9200

28-01-2021
Mathematics

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Platons mom buys a car using a loan. She repays the loan by paying $22,032 in 48 equal monthly payment. How much is each payment?

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sqdancefan sqdancefan

28-01-2021

9514 1404 393

Answer:

$459

Step-by-step explanation:

Each of the 48 equal monthly payments is 1/48 of the total repaid:

payment = $22,032/48 = $459

Each payment is $459.

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