The table shows a schedule of the first year of Kamil's payment plan for a car.
\multicolumn{4}{|c|}{Kamil's Payment Plan for the First Year}
YearBalance Monthly Payment End of Year Balance
1\$13,086.72 \$363.52 \$8,724.48
How many years will it take Kamil to pay off the loan?
A1 year
B2 years
C3 years
D4 years
\multicolumn{4}{|c|}{Kamil's Payment Plan for the First Year} | |||
Year | Balance | Monthly Payment | End of Year Balance |
1 | \$13,086.72 | \$363.52 | \$8,724.48 |
A1 year
B2 years
C3 years
D4 years