Question

final assessment - management of energy, money & tasks
management of energy, money & tasks

9 of 10

fixed monthly debt payments that include interest as known as which of the following?

○ minimum payments

○ installments

○ rule of thumb payments

○ investments

Explanation:

To solve this, we analyze each option:

• Minimum payments: These are the smallest amount you can pay on a credit card (etc.) to stay in good standing, not fixed monthly debt payments with interest in the defined sense.
• Installments: Fixed - amount periodic payments (monthly, usually) that include both principal and interest for repaying a debt. This matches the description of "fixed monthly debt payments that include interest".
• Rule of thumb payments: A general guideline for payments, not a specific type of fixed debt payment with interest.
• Investments: Involve putting money to gain returns, not repaying debt.

Answer:

B. Installments