emil bought a camera for $268.26, including tax. He made a down payment of $12.00 and paid the balance in 6 equal months payments/ What was Emil's monthly payment for the camera?

Answer 1

First, we need to find the balance Emil had to pay after making the down payment.

Balance = Total price - Down payment
Balance = $268.26 - $12.00
Balance = $256.26

Next, we need to find out how much Emil needed to pay each month to pay off the balance in 6 equal monthly payments.

Monthly payment = Balance / Number of months
Monthly payment = $256.26 / 6
Monthly payment = $42.71

Therefore, Emil's monthly payment for the camera was $42.71.