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Levi Stein’s 18-month, $6,500 loan has a 12% interest rate. His monthly payment is $396.38. After making payments for 9 months, the loan’s balance is $3,395.43. How much will Levi save if he pays off the
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Levi Stein’s 18-month, $6,500 loan has a 12% interest rate. His monthly payment is $396.38. After making payments for 9 months, the loan’s balance is $3,395.43.

How much will Levi save if he pays off the loan early?

User Arlistan
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Answer:

317.43

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User Aaron Esau
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