Myra took out a 20 year loan for $80,000 at an APR of 11.5% compounded monthly, approximately what would be the total cost of her loan if she paid it off 13 years early? a 140,581.40
b 71,663.76
c 68,917.64
d 204,753.60
on a. p.e. x these are the answer choices im doing it rn and its a test and i cant find answers anywhere (SPAM answers will be reported and took down))

i think its a and d

step-by-step explanation:

can you complete your sentence? i could !

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.