Question

Rose took out a 16-year loan for $43,000 at an APR of 4.1%, compounded

monthly, while Yolanda took out a 16-year loan for $83,000 at an APR of 4.1%,
compounded monthly. Who would save more by paying off her loan 7 years
early?

Answer 1

ANSWER: Yolanda would save more, since she has $40,000 more in principal. APEX

Answer 2

Answer: Yolanda would save more, since she has 40,000 more in principle

Explanation: