Question

If I bought a car for 14,384. 52 and have it for 6 years how much will my monthly payment be?

Answer 1

199.785

Explanation:

assuming there is no interest on the installment payment

• find how many months there are in 6 years

6 years = 72 months

• we divide the expense by the number of months

14,384.52 : 72 = 199.785 units