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Personal Finance - EL3403
Credit and Loans
Question 10
10
Quiz
Multiple Choice
Credit and Loans
Question 10 • Personal Finance - EL3403
The table shows a schedule of Igor’s payment plan for a used car. Igorr’s Payment Plan for the First Three YearsYearBalanceMonthly PaymentEnd of YearBalance1 $245.33 2 $245.33$8,831.883 $245.33 How much is Igor’s total closed-end credit for the car?
Answer
A
$11,775.84
B
$14,719.80
C
$23,551.68
D
$26,495.64
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