If you plan to pay off a loan of $5,800 by submitting $250 per month, how many months will it take you to pay this debt off entirely and how much will your final payment be?

24 months. Your final payment would be $50

Step-by-step explanation:

5800/250 gets you 23.2 but you can't have half of a month so, it would take 24 months. 250*23 makes 5750. 5800-5750 gets you 50. Your final payment would be $50

At least 24 months, with a final payment of 50 dollars on the 24th month.

Step-by-step explanation:

5,800/250 = 23.2

An easier way to do this is get this answer, and then multiply 250 by 23 which gives you ($)5,750, then just subtract that from $5,800 leaving you with 50, which is your last payment which is where the .2 comes from. Meaning it will take 24 months at the least, giving you $50 as your final payment.

step-by-step explanation:

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