mario paid off his car loan this year. his payments were $250 a month for each of the first 8 months. the…

mario paid off his car loan this year. his payments were $250 a month for each of the first 8 months. the last payment, in the ninth month, was $125. are the payments mario paid during the first 8 months fixed or variable?\n\nvariable, because the amount changed from month to month\n\nfixed, because the amount did not change from month to month

mario paid off his car loan this year. his payments were $250 a month for each of the first 8 months. the last payment, in the ninth month, was $125. are the payments mario paid during the first 8 months fixed or variable?\n\nvariable, because the amount changed from month to month\n\nfixed, because the amount did not change from month to month

Answer

Brief Explanations:

Fixed payments remain the same each period. Mario paid $250 each month for the first 8 months without any change in amount.

Answer:

Fixed, because the amount did not change from month to month