Question

Andrew bought a new Mastercraft boat for $17,000. He made a $2,500 down payment on it. The bank's loan was for 60 months, and the finance charges totaled $4,900. What's Andrew's monthly payment? A. $323.33 B. $232.33 C. $332.33 D. $313.33

Answer 1

($17,000-$2,500+$4,900)/60

(19,400)/60

=A. $323.33