26. Michael purchased a 20 year mortgage at 9.00% convertible monthly The amount of the loan is for $500,000. Michael plans to make the required monthly payments until the outstanding balance of the loan is $200,000 or less. The next month, Michael will change his payment schedule so that he can repay the remainder of his loan with 12 equal monthly payments. To the nearest $10, how much interest did Michael save by changing his payment schedule compared to continuing with his original payment schedule? A 33,940 B 33,040 34,560 31,270 E 32,790