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12 November, 14:44

Meredith just took out a loan for $750 at a 9.6% APR, compounded monthly, to buy a new timing belt for her car, and she has agreed to make monthly payments of $19.50 to pay off the loan. If she changes her monthly payment to $48.00, how much faster would she be able to pay off the loan?

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  1. 12 November, 16:16
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    It owuld be 14 fastere.
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