Multiple Choice
Determine how much faster monthly payments of $248.69 will accumulate to $10,000 if interest is at 7.2% compounded monthly, compared to monthly payments of $182.61 at 6.6% interest compounded monthly.
A) 6 months
B) 8 months
C) 10 months
D) 12 months
E) 14 months
Correct Answer:
Verified
Correct Answer:
Verified
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