22hatfieldb85 22hatfieldb85

26-03-2021
Mathematics

contestada

Dan took out a 24-year loan for $111,000 at an APR 0f 7.7%, compounded monthly, while Forrest took out a 24-year loan for $96,000 at an APR of 7.7%, compounded monthly. Who would save more by paying off his loan 13 years early?

Answer: Dan Would save more Since he has $15,000 more in principal.

Respuesta :

alvarado502treadwell alvarado502treadwell

26-03-2021

Answer: he would save15,000

Step-by-step explanation:

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