Mathematics, 30.03.2020 18:51 KingMack1136

\Dan took out a 24-year loan for $111,000 at an apr of 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?
Forrest would save more since he has $15,000 less in principal
Dan would save more since he has $15,000 less in principal
Dan would save more since he has $15,000 more in principal
Forrest would save more since he has $15,000 more in principal

Answers: 2

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\Dan took out a 24-year loan for $111,000 at an apr of 7.7%, compounded
monthly, while forrest...