Assume you have a student loan that you will pay off in 10 years. How much will you save in interest if you refinance at the new rate? Use the accompanying table of monthly payments on a $1,000 loan. Click the icon to view a table of monthly payments on a $1,000 loan. The total savings in interest will be $ (Round to the nearest cent as needed.) Monthly Payment on a $1,000 loan Assume you have a student loan that you will pay off in 10 years. How much will you save in interest if you refinance at the new rate? Use the accompanying table of monthly payments on a $1,000 loan. Click the icon to view a table of monthly payments on a $1,000 loan. The total savings in interest will be $ (Round to the nearest cent as needed.) Monthly Payment on a $1,000 loan