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 f
aster. Which of these monthly payments will allow him to do so?
A. $96.00
B. $72.00
C. $64.00
D. $80.00
2 answers:
Making larger monthly payments than required will pay off a loan faster. Thus, the answer is A.
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