Answer:
The Amount amount he pays each month is 298
Step-by-step explanation:
Given:
Total amount of new car (including interest) = 17,880
Payment is splited over 60 months i.e time = 60 months
Required:
How much will be paid each month
To find the amount to be paid each month use the formula:
Monthly payment = Total amount / time
[tex] = \frac{17880}{60} = 298 [/tex]
Therefore, the amount William pays each month is 298
