Question

John went to an electronics store to purchase a new computer. The electronics store allowed John to make payments on the computer instead of paying the entire amount upfront. If John decides to purchase a computer that costs $1,260, and he makes 6 equal monthly payments, what would be his monthly payment?

Answer 1

The monthly payment is $210

Explanation:

The computation of the monthly payment is shown below:

Given that

The cost of the computer i.e. purchased is $1,260

And, there are 6 equal monthly payments

So, the monthly payment is

= Computer cost ÷ number of equal monthly payments made

= $1,260 ÷ 6 payments

= 210

hence, the monthly payment is $210 and the same is to be considered