The Miller family wants to use the latest technology to access the Internet from their home television system. The equipment needed to upgrade their existing equipment will cost ​$878.16. If the Millers make 12 equal monthly​ payments, how much will they pay per​ month?

Answer 1

To calculate the monthly payment needed for the Millers to pay off the $878.16 over 12 months, we can divide the total cost by the number of months:

$878.16 / 12 months = $73.18

Therefore, the Millers will need to pay $73.18 per month for 12 months to cover the cost of upgrading their equipment to access the Internet from their home television system.