Paul Peddler wants to purchase a bicycle costing $775. If he choses to make 12 equal payments, then in dollars and cents the average payment will be?

A) 15.48

B) 64.58

C) 763.00

D) 787.00

B) 64.58. This is because, in order to get 12 equal payments, you simply need to divide the total cost by the number of payments. Therefore, $775 divided by 12 will give you the answer, which is $64.58.