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Mathematics, 12.12.2020 16:50 dondre54

PLEASE HELP i do not understand this. a family has a mortgage on a home for $295,000 amortized over 25 years, at an APR of 4.5%. the monthly payment on the mortgage is $1,639.71 if the family makes a $25000 extra payment at the end of the fourth year of the mortgage, how much interest will they save by the end of the 25-year period of the mortgage

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PLEASE HELP i do not understand this. a family has a mortgage on a home for $295,000 amortized over...
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