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A small business refits its store. The builders charge them $128,000 which will be paid back in monthly installments over three years at 8.6% APR.

A small business refits its store. The builders charge them $128,000 which will be paid back in monthly installments over three years at 8.6% APR. The builders will reduce this rate to 8.1% APR if they pay $2,560 up front. By approximately how much will this reduce the monthly loan repayments ?

A - $110

B - $55

C- $220

D - $165

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