Which of the following represents an example of a payment plan schedule?

The example that correctly represents a payment plan schedule outlines a scenario where a specific balance due is associated with a defined minimum monthly payment. In this case, a balance of $501 to $1,000 is tied to a minimum monthly payment of $100. This structure reflects a clear plan allowing the owed amount to be paid down over time, specifying both the payment amount and the amount still owing, thus facilitating financial planning for the debtor.

A payment plan should normally include a set duration or minimum payment that allows the debtor to manage their repayments effectively and systematically reduce their balance. The chosen answer provides this necessary detail, which is crucial for understanding how the payments will be structured over a period to clear the debt.

In contrast, the other options either do not specify a payment plan structure that allows for gradual repayment or indicate situations where no structured payment method is available. For example, a balance of $200 due with the entire balance required after six months does not set a manageable repayment schedule, nor does an option that states no payment plan is available provide guidance on repayment.