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30 July, 15:34

Max bought tools costing $75. He made a $30 down payment and plans to pay off the rest of the money in 5 monthly installments. How much will Max's monthly payments be?

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Answers (2)
  1. 30 July, 15:40
    0
    Amount financed

    75-30=45

    Monthly payment

    45:5=9
  2. 30 July, 15:57
    0
    We did $75 minus $30 because he paid $30. That left $45.

    Then we did 45 divided by 5 (because there were 5 monthly payments) and got $9 each month.
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