Question

Bonnie's new car loan is

$27,360. She will make
equal payments every
month for 5 years. What
will be the monthly
payment on Bonnie's car
loan?

Answer 1

Bonnie will pay $456 each month for 5 years.

Explanation:

Assumption: There is no interest on this loan (since you didn't provide a rate).

27360/(5*12) = 456