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paisley’s mom buys a car using a loan . she repays the loan by paying $22.032 in 48 equal monthly payments . how much is each payment ?

User Jjnebeker
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1 Answer

6 votes

Answer: $459 each month

Explanation:

Paisley's mom is paying the loan of $22,032 in 48 equal monthly payments.

In order to find how much each month's payment would be you divide the loan by 48.

22,032 ÷ 48 = 459

Paisley's mom would need to pay $459 each month for 48 months to pay off her loan.

User Ismay
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