The amount of each payment is $699.
What is payment?
Payment refers to the exchange of something of value as a condition of a contract. While one party pays money and receives something else of value, the other party gets paid in return for delivering a good or service. Physical currency was once the most common form of payment, but nowadays most forms of payment use technology.
Given: Buy 2 personal watercrafts for $3,495 each.
So, the price for 2 watercrafts is, 2 x $3495 = $6990
They make 10 equal payments for the watercrafts.
So each payment is of $6990/10 = $699.
Hence, the amount of each payment is $699.
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