8
QuizMultiple Choice

How Credit Works

Question 8 • ***CPS Online Personal Finance fall – 3-2027

The table shows a schedule of Evita’s payment plan for a used car. Evita’s Payment Plan for the First Three YearsYearBalanceMonthly PaymentEnd of YearBalance1 $356.82 2 $356.82 3 $356.82$8,563.39Evita paid $2,408.91 in interest. What was the selling price of the car?

Answer
$
$12,845.52
$
$17,127.07
$
$19,000.00
$
$21,408.91
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