Mathematics, 03.02.2021 04:30, awsome12dusk

Tim and Sally are taking out a personal loan to pay for their wedding expenses. The loan is for $9,000 and comes with an interest rate of 9.5% compounded monthly. The couple wants to pay the loan off as quickly as possible, keeping the monthly payments below $250. The lender offers repayment plans in 12 month increments. How long of a loan should they request? A) 24 months
B) 36 months
C) 48 months THIS ONE
D) 60 months
Explain it please.

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Tim and Sally are taking out a personal loan to pay for their wedding expenses. The loan is for $9,0...