Ask Question
28 March, 15:07

Kristina took out a loan at a 14.1% APR, compounded monthly, to buy a

motorcycle, and she is making monthly payments to pay off the loan. Which

of these interest rates would have allowed Kristina to pay off the loan faster?

+1
Answers (1)
  1. 28 March, 18:07
    0
    Answer: 13.8% compounded daily APEX!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Kristina took out a loan at a 14.1% APR, compounded monthly, to buy a motorcycle, and she is making monthly payments to pay off the loan. ...” 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