Mathematics, 14.04.2021 04:50 blesskids600

Lucy Garcia took out a loan for $40,000 at 10 percent interest for 10 years. Her monthly payments are $528.60. She made payments for one year and has paid the principal down to $37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round final answer to nearest dollar)?

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Lucy Garcia took out a loan for $40,000 at 10 percent interest for 10 years. Her monthly payments ar...

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