SOLUTION: Chris and Kerry are going on their honeymoon to Italy. the total is £4320. They have already paid £400 deposit, and will pay the rest of the money by making 16 equal monthly paymen

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Chris and Kerry are going on their honeymoon to Italy. the total is £4320. They have already paid £400 deposit, and will pay the rest of the money by making 16 equal monthly paymen      Log On

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Question 931754: Chris and Kerry are going on their honeymoon to Italy. the total is £4320. They have already paid £400 deposit, and will pay the rest of the money by making 16 equal monthly payment. What is each payment?
Answer by TimothyLamb(4379) About Me  (Show Source):
You can put this solution on YOUR website!
(4320 - 400)/16 = 245
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each payment is 245
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