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 (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Describe the pattern. Then find the next two numbers in the pattern. 1, 5, 25, 125,
Answers (2)
Which missing side length makes the perimeter, p = 26 feet true?
Answers (2)
A car travels 347 meters in 17 seconds a bus travels 414 meters in 23 seconds which vehicle is traveling faster? How much faster?
Answers (1)
Grant is thinking of two numbers. He says that one of the numbers is twice the other number and the sum of the number is 39. What are the numbers.
Answers (2)
Write the equation in standard form 4x-3=5y
Answers (1)
New Questions in Mathematics
This is how we know were in a pandemic. When the BMX bike company starts selling toilet paper for $7.
Answers (1)
If p, q are zeroes of polynomial f (x) = 2x^2-7x+3, find the value of p^2+q^2
Answers (1)
Suppose $x$,$y$, and $z$ form a geometric sequence. if you know that $x+y+z=18$ and $x^2+y^2+z^2=612$, find the value of $y$.
Answers (1)
A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, the same worker produced 138 units while working 36 hours.
Answers (1)
What is a balanced equation using numbers 9,7,2,1,6?
Answers (1)