Your friend just purchased a new car and you have a feeling she got ripped off. She told you she paid $19,999.99 and her car should be paid off in 5 years. You happen to be interested in the same vehicle, and based on your research, she should have paid a maximum of $15,999 (including the dealer commissions). She could squeeze out a $500 car payment, which is a lot, and she's been approved at a 7% APR. How much time could she have saved if she did her homework?

Group of answer choices

10.16 years

1.016 months

10.16 months

121.92 months

2 years