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Ryan's total payment for his loan was $33,935. What was his monthly payment if he paid off after making 13 payments? Show work for 100 POINTS!

Ryan's total payment for his loan was $33,935. What was his monthly payment if he paid off after making 13 payments? Show work for 100 POINTS!
asked 173k views
22 votes
Ryan's total payment for his loan was $33,935. What was his monthly payment if he paid off after making 13 payments?

Show work for 100 POINTS!

asked
User BARJ
by
8.0k points

1 Answer

12 votes
  • Loan amount=33935$
  • Time taken to paid=13months

In 13 months Ryan paid 33935$.

He paid per month

  • 33935/13=2610.38$
answered
User Jim Fred
by
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