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Tom's total payment for his loan was $10368. What was his monthly payment if he paid it off after making 48 monthly payments?

Tom's total payment for his loan was $10368. What was his monthly payment if he paid it off after making 48 monthly payments?
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3 votes
Tom's total payment for his loan was $10368. What was his monthly payment if he paid it off after making 48 monthly payments?

User Manian Rezaee
by
7.7k points

2 Answers

1 vote
$10368 - total payment
48 - monthly payments

$10368 : 48 = $216 per month
User Adam Zalcman
by
8.9k points
2 votes
216??
if someone answers something different then I'm wrong :/
User Rikin
by
7.9k points
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