Jamie owes $21,750 at a 5% rate of interest. The minimum amount that she must pay monthly is $230.69. How much faster can she pay off this loan if she makes monthly payments of $300.00?
A) 1.68 years sooner
B) 2.54 years sooner
C) 2.79 years sooner
D) 2.93 years sooner
E) 3.01 years sooner
Correct Answer:
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