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20 January, 20:22

Jasper took out a loan at an 8.2% APR, compounded monthly, to buy a

dresser, and he is making monthly payments to pay off the loan. Which of

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

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Answers (2)
  1. 20 January, 20:55
    0
    Answer: 7.8% compounded monthly
  2. 20 January, 22:05
    0
    7.8% compounded monthly

    Step-by-step explanation:

    Whatever option is the lowest interest rate is correct. Just took on APEX
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