Amanda just took out a loan for 950 at a 7 2 APR compounded monthly...
90.2K
Verified Solution
Link Copied!
Question
Geometry
Amanda just took out a loan for 950 at a 7 2 APR compounded monthly to buy a new set of tires for her car and she has agreed to make monthly payments of 38 50 to pay off the loan If she changes her monthly payment to 93 00 how much faster would she be able to pay off the loan OA 16 months faster OB 38 months faster O C 11 months faster OD 27 months faster
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!