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20 August, 10:54

A used car costs $6,472. A down payment of $1,000 is required. The remaining balance is to be paid in 36 equal monthly payments. What would be the monthly payment?

$179.78

$207.56

$152

$148

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Answers (1)
  1. 20 August, 12:12
    0
    The answer should be $152.

    $6,472 - $1,000 = $5,472

    Divide $5,472 by 36 and you end up with $152.
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