koracjohnson1218 koracjohnson1218
  • 11-03-2019
  • Mathematics
contestada

Tom’s total payment for his loan was $14,256 he paid it off at making 48 monthly payments what was his monthly payment

Respuesta :

imlittlestar
imlittlestar imlittlestar
  • 12-03-2019

Answer:

The monthly payments = $ 297

Step-by-step explanation:

It is given that,Tom’s total payment for his loan was $14,256 he paid it off at making 48 monthly payments

To find the monthly payments

we have,

Total payment = $14256

Number of monthly  payments = 48

Monthly payments = 14256/48 = 297

Therefore Tom's monthly payments  of his loan = $ 297

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