starr5252 starr5252

27-01-2021
Mathematics

contestada

Guy took out a 10-year loan for $63,000 at an APR of 10.9%, compounded
monthly, while Wilber took out a 10-year loan for $78,000 at an APR of 10.9%,
compounded monthly. Who would save more by paying off his loan 8 years
early?

Respuesta :

rqxvtxmnv4 rqxvtxmnv4

01-02-2021

Answer: Wilber would save more, because he borrowed $15,000 more in principal.

Step-by-step explanation:

Answer Link

MoonCheesy MoonCheesy

01-06-2022

Answer:

Answer: Wilber would save more, because he borrowed $15,000 more in principle.

Step-by-step explanation:

Answer Link

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