Cory took out a loan at a 13.5% APR, compounded monthly, to buy a car, and he is making monthly payments to pay off the loan. Which of these interest rates would have allowed Cory to pay off the loan faster?
A. 15.0%, compounded monthly
B. 14.4%, compounded monthly
C. 13.2%, compounded monthly
D. 13.8%, compounded monthly
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cory took out a loan at a 13.5% APR, compounded monthly, to buy a car, and he is making monthly payments to pay off the loan. Which of ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kaitlin runs each lap in 7 minutes. She will run more than 8 laps today. What are the possible numbers of minutes she will run today? Use t for the number of minutes she will run today. Write your answer as an inequality solved for t.
Answers (2)
Big star cinemas sells movie tickets online. for each online order you must pay a $2 processing fee. each ticket is $10. create a table and graph to represent the linear data.
Answers (1)
There is a student body, where is a 2:3 ratio of men and women. In the group, what percentage is male? What fraction of the group are women?
Answers (1)
164 less than the product of 82 and a number is 738. Select the solution to the sentence shown
Answers (1)
The neighborhood ice cream truck driver has to pay $650.00 a week to rent his truck. Each ice cream cone costs $0.75 to make and sells for $1.60. Set up equation to figure out how many ice creams cones must be sold to make a profit of $100.
Answers (1)
New Questions in Mathematics
Each week Tim wants to increase the number of sit ups he does by to set up's the first week he does 15 sit ups each day. Write an explicit function in the form f (n) = mn+b to represent the number of sit ups f (n) Tim does daily in week n.
Answers (1)
2 pipes running together can fill tank in 3 1/13 mins if one takes 3 mins more than other to fill it, find time in which each pipe woulf fill tank
Answers (2)
Water in all three states is still water Question 3 options: True False
Answers (1)
I have two consecutive odd integers. Their sum is 16. What is the smaller integer?
Answers (1)
How do you evaluate lim (x->0) sin (9x) / 6x?
Answers (1)