Question

Brenda’s bank offers car financing for 3, 4 or 5 years. If brenda chooses 5-year financing, how many monthly payments will she have?

Answer 1

The number of monthly payments Brenda will have will be given by:
Number of payments=[Number of years]×[number of months]
Number of years=5
Number of months=12
hence
# Payments=5*12=60 monthly payments