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What is the monthly payment on $13,300 financed at 7.9 percent for 4 years if the monthly payment per $100 is $2.44?

User Moeffju
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1 Answer

4 votes

Answer:

The monthly payment will be $ 324.52.

Explanation:

To determine what is the monthly payment on $ 13,300 financed at 7.9 percent for 4 years if the monthly payment per $ 100 is $ 2.44, the following calculations must be performed:

100 = 2.44

13,300 = X

(13,300 x 2.44) / 100 = X

32.452 / 100 = X

324.52 = X

Therefore, the monthly payment will be $ 324.52.

User Kylerthecreator
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