To calculate the monthly payment for a used car rental, we need to know the interest rate or any additional fees. If we assume no interest or fees, the payment amount would be determined by dividing the total price of the car by the number of months (12) in this case.
Therefore, the monthly payment would be $4,000 divided by 12 months, which equals $333.33 per month.
you're renting a used car for 4,000 and want to pay it off in a year how much would you pay a month to be done in a year?
1 answer