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Naelly is taking a class trip to Washington DC. The cost of the trip is $459. 60. Naelly paid an initial deposit of $150, and must make the remainder of the payments in 12 equal monthly payments. What is the amount of each monthly payment in dollars and cents?

1 Answer

13 votes

459.6 - 150 = 309.6

309.6 / 12 = $25.80 a month for 12 months