Tyler took out a loan at a 14.7% apr, compounded monthly, to buy a boat,
and he is making month...
Mathematics, 07.11.2019 05:31 mcmccann4317
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
Answers: 3
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