Business, 25.01.2020 05:31 ashliemallen

Jackson took out a 6-year loan for $77,000 at an apr of 10.3%, compounded monthly, while leo took out a 6-year loan for $82,000 at an apr of 10.3%, compounded monthly. who would save more by paying off his loan 10 years early?
a) jackson would save more, because he borrowed $5000 more in principal.
b) jackson would save more, because he borrowed $5000 less in principal.
c) leo would save more, because he borrowed $5000 less in principal.
d) leo would save more, because he borrowed $5000 more in principal.

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Jackson took out a 6-year loan for $77,000 at an apr of 10.3%, compounded monthly, while leo took ou...