Mathematics, 07.11.2019 19:31, blakesmith0110

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?

a. 27 months faster
b. 38 months faster
c. 16 months faster
d. 11 months faster

Answers: 3

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Amanda just took out a loan for $950 at a 7.2% apr, compounded monthly, to
buy a new set of ti...