SOLUTION: a college's education costs $15,000 a year and takes 4 yr. to complete . to help a needy student pay for college , the college agrees to let the student pay $500 a month for eac

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Question 468181: a college's education costs $15,000 a year and takes 4 yr. to complete .
to help a needy student pay for college , the college agrees to let the
student pay $500 a month for each month during the during the 4 yr. that the
student is in college . then the student must pay off the balance over
the next 3yr. by making equal monthly payments . how much will
each of those monthly payments be ?

Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!
The tuition is dollars
dollars/month x months x yrs = dollars
balance due
dollars
The monthly payments were $1000

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