Answer:
$156
Step-by-step explanation:
interest for 8 years = $5376
convert 8 years to months
1 year = 12 month
8 years = 8*12
=96 months
monthly
now monthly interest = $5376/96
=$56
now find amount that he has to pay monthly
=$9600/96
=$100
monthly payment with interest = $100 + $56
=$156
