Need help with Word problem about equations

Mathematics
Tutor: None Selected Time limit: 1 Day

Mr. Sir buys a car for $32,000. He gets a 0% interest loan because his credit score is good. He pays $4000 for his down payment. If he pays it off in 4 years, how much will each of his monthly payments be to the bank?

Oct 22nd, 2015

Thank you for the opportunity to help you with your question!

the left over balance after down the payment is 32000-4000=28000

the monthly payment is 

28000/(4*12) = 583.33

Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 22nd, 2015

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Oct 22nd, 2015
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Oct 22nd, 2015
Dec 5th, 2016
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