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Kyle is paying for his new car in 60 equal payments. the total of the car loan is $27,495. to the nearest cent (hundredths) what is the amount of each payment?

Kyle is paying for his new car in 60 equal payments. the total of the car loan is $27,495. to the nearest cent (hundredths) what is the amount of each payment?
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1 vote
kyle is paying for his new car in 60 equal payments. the total of the car loan is $27,495. to the nearest cent (hundredths) what is the amount of each payment?

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User Shenna
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9.1k points

2 Answers

5 votes
458.25$
thats how much each payment
answered
User Pavel K
by
8.9k points
4 votes
I believe all you have to do here is divide. So you would take the amount of the total car loan, and divide it by 60 because that is the amount of payments that will be made.

So 27,495/60 = 458.25.

They payments would be 458.25.


answered
User Tural Ali
by
8.2k points
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