Lola220
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Jeremy is $124.60 in debt to his grandparents. He determines that he can pay them back in five months. What effect will his repayment have on his monthly bank account?

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monikaj2001
Not enough info if anything it would just be 124.60 /5

Answer:

Each month he will have to pay $24.92.

Step-by-step explanation:

Jeremy is $124.60 in debt to his grandparents.

He determines that he can pay them back in five months.

That means each month he will have to pay = [tex]\frac{124.60}{5}[/tex] = $24.92

So, each month he will have to pay $24.92 through check or cash and this will show in his monthly transactions.

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