smellykat
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Pleaseeee Helpppp

Tom's total payment for his loan was $15,264. He paid it off after making 72 monthly payments. What was his monthly payment ? A. $212 B. $228 C. $236 D. $242

Respuesta :

wendy40
$15, 264 divided by 72 = 212. So it's A. $212.
Louli

Answer:

A. $212

Explanation:

We are given that the total loan value was $15,264

Tom paid this value on 72 monthly payments.

Assuming that all monthly payments are equal, i.e he paid the same amount each month, we can proceed as follows:

Now, we have $15,264 paid over 72 months. To get the monthly payment, we will simply divide the total amount by the number of months as follows:

monthly payment = [tex]\frac{15,264}{72}[/tex] = $212

Hope this helps :)

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