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QuizMultiple Choice

How Credit Works

Question 1 • ***CPS Online Personal Finance fall – 3-2027

The table shows a schedule of Inga’s payment plan for a car. Inga’s Payment Plan for the First 3 YearsYearBalanceMonthly PaymentEnd of YearBalance1$19,691.28$273.49$16,409.402$16,409.40$273.49$13,127.523$13,127.52$273.49$9,845.64 How many more years will it take Inga to pay off the loan?

Answer
2
2 years.
3
3 years
4
4 years
6
6 years
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The table shows a schedule of Inga’s payment…