A higher FICO score (a well-known measure of borrower reliability) is associated with lower interest rates. For example, the total interest paid on a $20,000 loan over 3 years will by $2,181 for a FICO score of 660, and $1,056 for a FICO score of 760, a saving of $1,125 over the life of the loan, or $31.25 per month. If the discount rate = 1% per month, what is the present worth of the savings?