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AMG Services offers to lend Scott Tucker $4,500 which he needs to repair his sports car. AMGs loan offer is subject to an APR of

AMG Services offers to lend Scott Tucker $4,500 which he needs to repair his sports car. AMGs loan offer is subject to an APR of 15.4 % interest rate with monthly compounding. How long will it take Scott Tucker to pay off the loan if he makes $95 monthly payments?

Multiple Choice 14.77 months 73.42 months 79.07 months 47.37 months 68.53 months

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