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Peter decided to buy a new car. He made $2,460 down payment and took a 48-month loan the total amount of the car plus interest on the loan was 16560 how much did Peter have to p…

Peter decided to buy a new car. He made $2,460 down payment and took a 48-month loan the total amount of the car plus interest on the loan was 16560 how much did Peter have to p…
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Peter decided to buy a new car. He made $2,460 down payment and took a 48-month loan the total amount of the car plus interest on the loan was 16560 how much did Peter have to pay each month

User Akeno
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1 Answer

7 votes
Peter's monthly payments totaled (16560 - 2460) = 14,100, so each of the 48 monthly payments was
$14,100/48 = $293.75
User Selvakumar
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8.8k points
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