Mathematics, 17.06.2020 22:57 rwlockwood1
Guy took out a 10 -year loan for 63,000 at an APR of 10.9% compounded monthly, while Wilbur took out a 10-year loan for 78,000 at an APR of 10.9%,compounded monthly. Who would save more money by paying off his loan 8 years early?
A) Guy would save more ,because he borrowed 15,000 more in principal
B)Wilbur would save more, because he borrowed 15,000 less in principal
C)Wilbur would save more, because he borrowed 15,000 more in principal
D)Guy would save more, because he borrowed 15,000 less in principal
Answers: 1
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Guy took out a 10 -year loan for 63,000 at an APR of 10.9% compounded monthly, while Wilbur took out...
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