Mathematics, 23.11.2019 01:31 Nenelovezero1359

And you!

lily is considering taking out a 6-year loan with monthly payments of $225 at
an apr of 1.7%, compounded monthly, and this equates to a loan of
$15,390.84. assuming that lily's monthly payment and the apr of the loan
remain fixed, which of these is a correct statement?
a. if it were a 10-year loan, the amount of the loan that lily is
considering taking out would be more than $15,390.84.
ch b. if it were a 4-year loan, the amount of the loan that lily is
considering taking out would be more than $15,390.84.
o
c. if it were a 12-year loan, the amount of the loan that lily is
considering taking out would be less than $15,390.84,
o
d. if it were an 8-yearloan, the amount of the loan that lily is
considering taking out would be less than $15,390.84.

Answers: 2

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