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Tom's total payment for his loan was $12,816. He paid it off after making 36 monthly payments. What was his monthly payment?

Tom's total payment for his loan was $12,816. He paid it off after making 36 monthly payments. What was his monthly payment?
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1 vote
Tom's total payment for his loan was $12,816. He paid it off after making 36 monthly payments. What was his monthly payment?

User PYPL
by
7.8k points

2 Answers

2 votes

Answer:

His monthly payment is

12,816÷36

=356

Explanation:


User Hilsenrat
by
7.7k points
2 votes
His monthly payment is
12,816÷36
=356
User Amfcosta
by
7.5k points
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