How much sooner will a $65,000 loan at 7.2% compounded monthly be paid off if the month

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How much sooner will a $65,000 loan at 7.2% compounded monthly be paid off if the month end payments are $625 instead of $600? What will be the approximate savings in interest costs over the life of the loan?

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Posted Date: Jun 06, 2024 12:16 PM

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How much sooner will a $65,000 loan at 7.2% compounded monthly be paid off if the month

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