Mathematics, 25.12.2019 02:31 dontcareanyonemo

David took out a 12-year loan for $68,000 at an apr of 4.1%, compounded
monthly, while ralph took out a 12-year loan for $98,000 at an apr of 4.1%,
compounded monthly. who would save more by paying off his loan 5 years
early?
a. david would save more, since he has $30,000 more in principal
b. david would save more, since he has $30,000 less in principal
c. ralph would save more, since he has $30,000 more in principal
d. ralph would save more, since he has $30,000 less in principal

Answers: 2

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David took out a 12-year loan for $68,000 at an apr of 4.1%, compounded
monthly, while ralph to...

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