Amanda just took out a loan for 950 at a 7 2 APR compounded

Last updated: 1/24/2024

Amanda just took out a loan for 950 at a 7 2 APR compounded monthly to buy a new set of tires for her car and she has agreed to make monthly payments of 38 50 to pay off the loan If she changes her monthly payment to 93 00 how much faster would she be able to pay off the loan OA 16 months faster OB 38 months faster O C 11 months faster OD 27 months faster