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Heidi took out a 25-year loan for $65,000 at an apr of 6.2%, compounded monthly, and she is making monthly payments of $426.78. assuming that her balance is $35,256.68 with 9 years left on the loan, how much would she save by paying off the loan 9 years early?

Respuesta :

Aliwohaish12
If she paid off the loan by making a monthly payments of 426.78 for 9 years, the balance would be
426.78×12months×9 years=46,092.24

But if you assumed that her balance is 35256.68, she would save
46,092.24−35,256.68=10,835.56

Hope it helps!

Answer:

10,835.56

Explanation:

A P E X

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