Question

justin took out an loan to buy a car. he borrowed 26,713.80. He will make equal payment every month for 5 years. what will his monthly payment on his loan?

Answer 1

There are 12 months in a year, which means there's 60 months in 5 years.

To find the amount he pays each month, all we have to do is divide 26,713.80 by 60.

This gives us $445.23 a month.

Answer 2

Thanks i need help with another question