Question

Loren's total payment for his loan was 13536 what was his monthly payment if he paid it off after making 36 monthly payments

Answer 1

Answer: His monthly payment 376

Explanation:

You would have to divide 13,536 by 36

13,536/36 = 376

Answer 2

= 376

Explanation:

Loren's total payment for 36 months= 13536

To know his actual payment for a month, we'll have to Divide his total payments for divided by the numbers of months he made payment.

Total payment= 13536

Number of months he made payment = 36

Amount paid each month =

13536 ÷ 36

= 376

Therefore, Loren's monthly payment = 376