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ioda
3 years ago
9

What is the monthly payment on $13,300 financed at 7.9 percent for 4 years if the monthly payment per $100 is $2.44?

Mathematics
1 answer:
velikii [3]3 years ago
8 0

Answer:

The monthly payment will be $ 324.52.

Step-by-step explanation:

To determine what is the monthly payment on $ 13,300 financed at 7.9 percent for 4 years if the monthly payment per $ 100 is $ 2.44, the following calculations must be performed:

100 = 2.44

13,300 = X

(13,300 x 2.44) / 100 = X

32.452 / 100 = X

324.52 = X

Therefore, the monthly payment will be $ 324.52.

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