Question

Fill in the blank!
Suppose you bought a used car for $3,200 and made equal payments over a 24-month period. About how much would you pay each month?

133 R _
_)--------
3,200
-24
--------
80
-72
-------
80
-72
------
8

24 -> 20
20 x 100 = _
_ x 200 = 4,000
$_ per month

Answer 1

To calculate the monthly payment for a used car purchased for $3,200 over a 24-month period, you can use the formula:

\[
\text{Monthly Payment} = \frac{\text{Total Amount}}{\text{Number of Months}}
\]

So, plugging in your values:

\[
\text{Monthly Payment} = \frac{3,200}{24}
\]

Now let's calculate that:

\[
\text{Monthly Payment} = 133.33
\]

Thus, you would pay approximately **$133.33 per month**.

It seems that you already found a portion of this calculation in your text, showing that \( 80 \) and \( 72 \) are intermediate calculations.

So, to fill in the blank:

**$133.33 per month**.