Eddie took out a 14 year loan for 72 000 at an APR of 4 7

Last updated: 4/1/2024

Eddie took out a 14 year loan for 72 000 at an APR of 4 7 compounded monthly while Lee took out a 14 year loan for 92 000 at an APR of 4 7 compounded monthly Who would save more by paying off his loan 6 years early A Lee would save more since he has 20 000 more in principal B Lee would save more since he has 20 000 less in principal C Eddie would save more since he has 20 000 less in principal D Eddie would save more since he has 20 000 more in principal