Sally is buying a hearing aid that costs $5,000. her insurance pays $2,900 of the cost. Sally will get a loan to pay the remaini
ng amount. The loan interest is free, if Sally pays a minimum of $75 per month and pays off the loan in a year. To be financially responsible, Sally wants to pay off the loan in one year. What is the minimum monthly payment Sally can make each month to pay of the loan in equal payments?
