Answer:
The monthly payments = $ 297
Step-by-step explanation:
It is given that,Tom’s total payment for his loan was $14,256 he paid it off at making 48 monthly payments
<u>To find the monthly payments</u>
we have,
Total payment = $14256
Number of monthly payments = 48
Monthly payments = 14256/48 = 297
Therefore Tom's monthly payments of his loan = $ 297
18
To find this we must divide 45 by 20 which gives the answer of 2.25. As we know this we now must multiply that by 8 resulting in to 18.
Therefore the answer is 18
22
