Travis is considering taking out a 20 year loan with monthly

Last updated: 1/22/2024

Travis is considering taking out a 20 year loan with monthly payments of 380 at an APR of 1 4 compounded monthly and this equates to a loan of 79 504 54 Assuming that the APR and the length of the loan remain fixed which of these is a correct statement OA If Travis s monthly payment were 350 the amount of the loan that he is considering taking out would be less than 79 504 54 OB If Travis s monthly payment were 310 the amount of the loan that he is considering taking out would be more than 79 504 54 O C If Travis s monthly payment were 330 the amount of the loan that he is considering taking out would be more than 79 504 54 D If Travis s monthly payment were 420 the amount of the loan that