Question: A small business refits its store. The builders charge them $125,000, which will be paid back in monthly installments over three years at 6% APR.

A small business refits its store. The builders charge them $125,000, which will be paid back in monthly installments over three years at 6% APR. The builders will reduce this rate to 5.5% APR if they pay $2500 up front. By approximately how much will this reduce the monthly loan repayments? $104 $28 $214 $77 $192 4

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