Hailey is considering taking out an 8 year loan with monthly

Last updated: 1/22/2024

Hailey is considering taking out an 8 year loan with monthly payments of 125 at an APR of 4 7 compounded monthly and this equates to a loan of 9985 95 Assuming that Hailey s monthly payment and the APR of the loan remain fixed which of these is a correct statement OA If it were a 6 year loan the amount of the loan that Hailey is considering taking out would be more than 9985 95 B If it were a 10 year loan the amount of the loan that Hailey is considering taking out would be more than 9985 95 C If it were a 12 year loan the amount of the loan that Hailey is considering taking out would be less than 9985 95 OD If it were a 14 year loan the amount of the loan that Hailey is