Bonnie's new car loan is $27,360. She will make equal payments every month for 5 years. What will be the monthly payment on Bonnie's car loan?

Question

asked Apr 8, 2021 72.3k views

1 Answer

Conjectures · Answer 1 · 2021-04-13T03:07:32+0000

Answer:

Bonnie will pay $456 each month for 5 years.

Explanation:

Assumption: There is no interest on this loan (since you didn't provide a rate).

27360/(5*12) = 456