A small business refits its store. The builders charge them $125,000, which will be paid back in monthly installments over three years at 6% APR. The builders will reduce this rate to 5.5% APR if they pay $2500 up front. By approximately how much will this reduce the monthly loan repayments? $104 $28 $214 $77 $192 Liam had an extension built onto his home. He financed it for 48 months with a loan at 4.9% APR. His monthly payments were $750. How much was the loan amount for this extension? $32,631 $34,842 $36,000 $38,420 $37,764