asked 188k views
4 votes
A(n) _____ has a set payment schedule to pay off the debt.

none of the above


revolving line


credit card


auto loan

asked
User Peetya
by
7.4k points

2 Answers

6 votes
The correct answer is auto loan.
answered
User Berco Beute
by
7.9k points
4 votes

Answer:

Auto loan

Step-by-step explanation:

The auto loan is a credit to buy a vehicle in which the monthly payments are established in the beginning and they are the same until the loan is paid in full. Because of this, the answer is auto loan.

The other options, revolving line and credit card are not correct because these options don't have a set payment schedule as they payment you have to make depends on the amount you use from the total sum approved which can vary all the time according to your needs.

answered
User Pringles
by
8.1k points

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