You took any loan of $9,015.20 to buy a car. The loan is to be paid back in 48 equal monthly payments how much is each payment round your answer to the nearest cent

The equal monthly payment during 48 hours for buying a car is US$ 187.82

Step-by-step explanation:

Loan from the bank to buy a car = US$ 9.015.20

Period of time to pay back the loan = 48 months

Form of payment = Equal monthly payments

Monthly payment = Loan from the bank / Period of time

Monthly payment = 9,015.20 / 48

Monthly payment = US$ 187.82 (rounding to the nearest cent)

Each equal monthly payment during 48 months is US$ 187.82