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Gloria agreed to buy a boat costing $1183.84 by paying $400 down and the balance in equal monthly payments for one year. How much did she pay each month?
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Gloria agreed to buy a boat costing $1183.84 by paying $400 down and the balance in equal monthly payments for one year. How much did she pay each month?

User FIFO BIZSOL
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1 Answer

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First you need to subtract 400:
1183.84-400=783.84
Then divide by 12 for every month of the year:
783.84/12=65.32
User Sirish
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