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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.…

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.…
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1 vote
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

asked
User Cornel Marian
by
7.7k points

1 Answer

1 vote
The answer should be $152.

$6,472 - $1,000 = $5,472
Divide $5,472 by 36 and you end up with $152.
answered
User Jakubbialkowski
by
8.5k points
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