If your the 1st one to answer this question right I mark you brainliest, Heart and friend you!
2 answers:
You might be interested in
Answer:
$135,629.37
Step-by-step explanation:
For computing the interest amount first we need to find out the monthly payment, present value, monthly payment and finally the interest amount which is shown below with the help of an attached spreadsheet
The value of the loan could come by
= $239,127 - $239,127 × 15%
= $203,257.95
The amount of interest saved is
= ($1,905 × 20 × 12) - ($1,399.18 × 20 × 12)
= $135,629.37
