Question

Hanson's Company us purchasing $45,000 worth of commercials. They agreed to pay for it in equal 6 payments over the next 6 months. How much will each montly payment be in order to pay the entire amount by the end of the 6 months? PLEASE ANSWER ;D

Answer 1

You find the answer by taking the amount and dividing by 6, since you are breaking it into 6 equal payments.

45,000 ÷ 6 = $7,500

So there will be 6 equal payments of $7,500 which adds up to $45,000.