Max bought tools costing $75. He made a $30 down payment and plans to pay off the rest of the money in 5 monthly installments. How much will Mx's monthly payments be?

To find Max's monthly payments, we can follow these steps:

1. **Calculate the remaining balance after the down payment**:  
   Max made a down payment of $30, so we subtract this from the total cost of the tools.

   \[
   75 - 30 = 45 \text{ dollars (remaining balance)}
   \]

2. **Divide the remaining balance by the number of monthly installments**:  
   Max plans to pay off the remaining $45 in 5 monthly installments.

   \[
   \frac{45}{5} = 9 \text{ dollars per month}
   \]

Thus, Max's monthly payment will be **$9**.

Would you like to go over any part of this in more detail? Here are some related questions:

1. How would the monthly payments change if Max paid more upfront?
2. What if Max wanted to pay off the balance in fewer installments?
3. Can we calculate the total cost if there were interest on the remaining balance?
4. What formula could you use if the number of months wasn't an integer?
5. How do monthly payments affect budgeting?

**Tip**: Always keep track of any down payments when planning installment payments to avoid miscalculating the total remaining balance.

Learn how to calculate monthly payments when making a down payment and paying off the remaining balance in installments. This problem involves basic arithmetic and installment payment concepts, suitable for students in Grades 5-8.

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