Question

Emil bought a camera for $268.26, including tax. He made a down payment of $12.00 and paid the balance in 6 equal monthly payments. What was Emil’s monthly payment for this camera?

Answer 1

The total cost of the camera is $268.26

A down payment of $12 was paid so he now owes $256.26

Every 6 months Emil has to pay:
256.26 / 6 = 42.71
Therefore, each moth, Emil has to pay $42.71 

Answer 2

Emils monthly down payment for the camera was $72.00. 12 × 6 = 72