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Mark wishes to pay off a loan of $7560 in 42 months. How large will the monthly payments be? can someone show me how to do it step by step please
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1 vote
Mark wishes to pay off a loan of $7560 in 42 months. How large will the monthly payments be?

can someone show me how to do it step by step please

User Brad Decker
by
7.3k points

1 Answer

6 votes

Answer:

The monthly payments will be $180.

Explanation:

You only have to divide $7560 by the 42 months Mark wished to pay the loan off in.

User Xose Lluis
by
6.8k points
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