Question

if I had a budget of $550. and I have 12 months, (365 days in 12 months) to pay it off. how much money would I pay every month?

Answer 1

Answer: $45.83

Explanation:

This may not be the formula way but it works.

$550 divided by 12 months.

Answer 2

Answer: $45,83 per moth

Explanation:

Considering 12 months and a budget of $ 550, the following account is made: $ 550/12 months = $ 45.83 / month.

In the case of days:

$550/365 days= $ 1,50/day