The table shows a schedule of Jorge’s payment plan for a car.
Jorge’s Payment Plan
...
Mathematics, 22.05.2020 06:06 TaraC
The table shows a schedule of Jorge’s payment plan for a car.
Jorge’s Payment Plan
Year
Balance
Monthly Payment
End of Year
Balance
1
$15,469.80
$257.83
2
$257.83
3
$257.83
4
$257.83
5
$257.83
6
$257.83
How many years will it take Jorge to pay off the loan?
3 years
4 years
5 years
6 years
Answers: 3
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