Tyler took out a loan at a 14.7% APR, compounded monthly, to buy a boat,
and he is making monthly payments to pay off the loan. Which of these
interest rates would have allowed Tyler to pay off the loan faster?
O
A. 15.6%, compounded monthly
O
B. 14.4%, compounded monthly
O
c. 16.2%, compounded monthly
O
D. 15.0%, compounded a monthly
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