Question

Ryan's total payment for his loan was $47,292. What was his monthly payment if hepaid it off after making 57 payments? Round answer to a whole number.

Answer 1

$830

Step-by-step explanation:

To know the monthly payments, we need to divide the total payment by the number of payments, so

$47,292 ÷ 57 = $829.68

This rounded to the nearest whole number is $830

So, the answer is $830.