Question 8 • Personal Finance
After two years, Igor has made 24 monthly payments. The remaining balance of $8,831.88 equals 36 monthly payments of $245.33, so the plan has 24 + 36 = 60 payments total. The total closed-end credit is 60 × $245.33 = $14,719.80, choice A.
AI-written and checked against the verified answer.