221k views
1 vote
What Cecily cars needs a new transmission she’s stuck with a bill for $1987 the dealership offers her a18 equal installments. Find the payment. Round intermediate steps to the nearest cent.

What Cecily cars needs a new transmission she’s stuck with a bill for $1987 the dealership-example-1
User Maverick
by
6.7k points

1 Answer

2 votes

SOLUTION:

Case: Installment payments

Given:

A bill for $1987

A 18 equal installments

Required: Find the payment on each installment

Method:

Because the total payments of $1987 has to be paid in 18 installments. We divide to get each installment


\begin{gathered} (1987)/(18) \\ 110.39 \end{gathered}

Final answer:

The monthly payments to the nearest cent is: $110.39

User Talha Khalid
by
7.7k points