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Paul Peddler wants to purchase a bicycle costing $775. If he choses to make 12 equal payments, then in dollars and cents the average payment will be?

A15.48
B64.58
C763.00
D787.00

Verified Answer :

B64.58. This is because, in order to get 12 equal payments, you simply need to divide the total cost by the number of payments. Therefore, $775 divided by 12 will give you the answer, which is $64.58.