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Stacy wishes to pay off a loan of $5688 in 36 months. How large will the monthly payments be?

Stacy wishes to pay off a loan of $5688 in 36 months. How large will the monthly payments be?
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3 votes
Stacy wishes to pay off a loan of $5688 in 36 months. How large will the monthly payments be?

User Milosz Krajewski
by
8.3k points

2 Answers

3 votes
$158/month. Just divide 5688 by 36, and that gives you the monthly payment.
User Dreambold
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7.6k points
0 votes
5688 divided by 36 is 158, so the answer is 158. Without interest of course
User Litehouse
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8.1k points
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