Jamal joined his local gym. A yearly membership costs $624, including a $66 registration fee and 12 equal monthly payments. what is the monthly payment

Answer 1

To find the monthly payment, we need to subtract the registration fee from the total cost and then divide by the number of months.

The total cost of a yearly membership is $624.
The registration fee is $66.
So, the cost of membership without the registration fee is $624 - $66 = $<<624-66=558>>558.
There are 12 equal monthly payments, so the monthly payment is $558 / 12 = $<<558/12=46.50>>46.50. Answer: \boxed{46.50}.