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?
The first step is to subtract the down payment from the total cost to find the amount that Emil still owes after the down payment:
$268.26 - $12.00 = $256.26
Now we need to divide that amount by the number of monthly payments:
$256.26 รท 6 = $42.71 (rounded to the nearest cent)
Therefore, Emil's monthly payment for the camera was $42.71.