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21 May, 20:11

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?

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Answers (1)
  1. 21 May, 21:27
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    Answer: 13.8% compounded daily APEX!
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