Question

If a person pays a down payment of 2,160 for a veheicle that cost 16,560 for 48 months.How much would the monthly payments be?

Answer 1

The monthly payments would be 345$ a month.

Answer 2

Monthly Payments = 300

Explanation

First you must subtract 1,160 from 16,560 to get 14,400

Then divide that by 48 to get 300

16,560-2,160=14,400

14,400/48=300