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Verdich [7]
3 years ago
11

You took any loan of $9,015.20 to buy a car. The loan is to be paid back in 48 equal monthly payments how much is each payment r

ound your answer to the nearest cent
Mathematics
1 answer:
stepan [7]3 years ago
6 0

Answer:

<u>The equal monthly payment during 48 hours for buying a car is US$ 187.82</u>

Step-by-step explanation:

Loan from the bank to buy a car = US$ 9.015.20

Period of time to pay back the loan = 48 months

Form of payment = Equal monthly payments

Monthly payment = Loan from the bank / Period of time

Monthly payment = 9,015.20 / 48

<u>Monthly payment = US$ 187.82 (rounding to the nearest cent)</u>

<u>Each equal monthly payment during 48 months is US$ 187.82</u>

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