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19 May, 07:53

Toms total payment for his loan was $14, 256. He paid it off after making 48 monthly payments. What was his monthly payment?

286

297

310

324

+4
Answers (1)
  1. 19 May, 11:16
    0
    To solve this problem, we just need to divide his total payment by the number of monthly payments he made:

    14256 : 48 = 297

    Tom's monthly payment was $297.
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