155k views
1 vote
Wiley is making monthly payments of $88.00 to pay off a loan that he took out to buy a fence, but he wants to pay off his loan faster. Which of these monthly payments will allow him to do so?

A. $96.00
B. $72.00
C. $64.00
D. $80.00

User Davychhouk
by
9.1k points

1 Answer

3 votes
Making larger monthly payments than required will pay off a loan faster.  Thus, the answer is A.
User David Mason
by
8.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories