Problema Solution
joe bought a car for $18, 340. he paid $2500 down and the rest in equal monthly payments over four years. find the amount of joe's monthly payment.
Answer provided by our tutors
1 year = 12 months
4 years = 4*12 = 48 months
(18,340 - 2,500)/48 = $330
Joe's monthly payment was $330.