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Buffy is considering taking out a 14-year loan with monthly payments of $165 at an APR of 2.3%, compounded monthly, and this equates to
Buffy is considering taking out a 14-year loan with monthly payments of $165 at an APR of 2.3%, compounded monthly, and this equates to a loan of $23,680.66. Assuming that Buffy's monthly payment and the length of the loan remain fixed, which of these is a correct statement? A. If the interest rate were 2.5%, the amount of the loan that Buffy is considering would be more than $23,680.66. B. If the interest rate were 2.7%, the amount of the loan that Buffy is considering would be more than $23,680.66. OC. If the interest rate were 2.1%, the amount of the loan that Buffy is considering would be less than $23,680.66. D. If the interest rate were 2.9%, the amount of the loan that Ruffy is
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