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 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