Answer:
A. $212
Explanation:
We are given that the total loan value was $15,264
Tom paid this value on 72 monthly payments.
Assuming that all monthly payments are equal, i.e he paid the same amount each month, we can proceed as follows:
Now, we have $15,264 paid over 72 months. To get the monthly payment, we will simply divide the total amount by the number of months as follows:
monthly payment = [tex]\frac{15,264}{72}[/tex] = $212
Hope this helps :)
