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 (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which rational number also belongs to the set of natural numbers? a. 15 b. 0.1666 ... c. - 12 d. 3/8
Answers (1)
A gift has the dimensions of 50 cm x 35 cm x 5 cm. You have wrapping paper with dimensions of 75 cm x 60 cm. Do you have enough wrapping paper to wrap the gift? Why or why not?
Answers (1)
Using the binomial pmf, when p=.3 and n=12 what is p (x=5) ? (answer to the third decimal place).
Answers (1)
Marisa purchase a pot for her father garden. The diameter of the bottom of the pot s 18 cm. What is the area of the pots bottom (round to the nearest whole number)
Answers (1)
A vendor converts the weights on the packages she sends out from pounds to kilograms (1kg approximately equals 2.2 pounds). a. How does this affect the mean weight of the packages? b. How does this affect the standard deviation of the weights? c.
Answers (1)
New Questions in Mathematics
If 6 lemon cost 90p what will 1 lemon cost
Answers (1)
What is bigger 75 kg or 110 Ib?
Answers (1)
What is the answer to this equation 1/2 (10x-20) = 5x-10
Answers (1)
The function h (t) = 200 - 17t represents the height of a ball (in feet) dropped from 400 feet after t seconds. What will the height of the ball be after 2.3 seconds?
Answers (1)
a system of linear inequalities can have solutions in exactly three of the quadrants A) true B) Flase
Answers (1)