Alec's total payment for his loan was $19,440. What was his monthly payment if he paid it off after making 60 monthly payments?

Mathematics

2 answers:

neonofarm [45]4 years ago

4 0

The answer is C hope it helps

mixer [17]4 years ago

3 0

Answer:

C. $324.

Step-by-step explanation:

We have been given that Alec's total payment for his loan was $19,440.

To find the amount of Alec's monthly payment we will divide the total amount by total number of monthly payments.

$\text{Alec's monthly payment}=\frac{\$19,440}{60}$

$\text{Alec's monthly payment}=\$324$

Therefore, Alec's monthly payment was $324 and option C is he correct choice.

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