Ben's home improvement loan to build a security fence around his property was for $1,800 at 5.00% interest for 12 months use the monthly payment plans table in item 16 to calculate the monthly payment after 4 payments the balance is $1,210.01 and pays off the loan with the fifth payment how much interest did he save by paying off the loan early?

Monthly Payment Plans Monthly Payment (on a simple interest loan of $100) Tenths) |4.50%|4.75%| 5.00%| 5.25%| 5.50%|5.75%|6.00% 6 $16.89 $16.90$16.91 $16.92 $16.94 $16.95 $16.96 12 (1 yr) s8.53 $8.55 $8.56 $8.57 $8.58 $8.60 $8.61 18 $5.76 5.77 $5.78 $5.79 $5.80 $5.81 $5.82 24 Ryr) | S4.37 | $4.38 | $4.39 | $4.40 | $4.41 | $4.42 | $4.43 60(S yr) $1.86 $1.88 $1.89 $1.90 $1.91 $1.92 $1.93 months) $16 89 5$16. 9051691 516.92 516.94 516.93 516.90 12(1 yr) $8.53 $8.55 $8.56 $8.57 $8.58 $8.60 $8.61 24m) $437 $4.38 $4.39 $4.40 $441 $442 5443 t60(5yr 11.86 1.88 1891.90 1.91 |$1.921.93