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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,
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? A. 16 months faster OB. 38 months faster C. 11 months faster OD. 27 months faster
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Categorical Data Analysis
Authors: Alan Agresti
3rd Edition
0470463635, 978-0470463635
