Curtis took out a 30-year loan for $75,000 at an APR of 5.6%, compounded monthly, and he is making monthly payments of $430.56. Assuming that his balance is $29,863.54 with 7 years left on the loan, how

Curtis took out a 30-year loan for $75,000 at an APR of 5.6%, compounded

monthly, and he is making monthly payments of $430.56. Assuming that his
balance is $29,863.54 with 7 years left on the loan, how much would he save
by paying off the loan 7 years early?

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Curtis took out a 30-year loan for $75,000 at an APR of 5.6%, compounded monthly, and he is making monthly payments of $430.56. Assuming that his balance is $29,863.54 with 7 ye…

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