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1 November, 20:31

Curtis took out a 30-year loan for $75,000 at an APR of 5.6%, compounded

monthly, and he is making monthly payments of $430.56. Assuming that his

balance is $29,863.54 with 7 years left on the loan, how much would he save

by paying off the loan 7 years early?

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Answers (1)
  1. 1 November, 23:11
    0
    He would save $6,303.50, that's how much I got with the formula.
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