Question:
Carmine took out a 28 year loan for 151 000 at an APR of 9 9
Last updated: 2/5/2024
![Carmine took out a 28 year loan for 151 000 at an APR of 9 9](https://media.kunduz.com/media/sug-question-candidate/20240205232407030952-6503056.jpg?h=512)
Carmine took out a 28 year loan for 151 000 at an APR of 9 9 compounded monthly while Richie took out a 28 year loan for 116 000 at an APR of 9 9 compounded monthly Who would save more by paying off his loan 17 years early A Richie would save more since he has 35 000 less in principal B Carmine would save more since he has 35 000 more in principal C Richie would save more since he has 35 000 more in principal D Carmine would save more since he has 35 000 less in principal