Vinnle recently inherited a large sum of money and wants to pay off a few loans he has taken out over the years, but he is not sure if paying them early will be worth the expense. He created this chart to compare his outstanding loans and calculate the interest he will save. Which loans should he pay off early? Amount Term Borrowed Interest Monthly Rate Payment Months Left on Term Lump Sum Payoff Interest Amount Saved 12 $8306.45 $410.02 10 Loan $35,000 1 8.99% $762.37 years Loan 3 $10,000 12.99% $336.89 years Loan 7 3 $50,000 10.9% $853.50 years Loan 4 $15,000 7.5% $363 years 18 $3176.73 $192.19 $14, $1249.09 113.82 $2375 $33 6 Loan 1 and Loan 4 Loan 2 and Loan 3 Loan 1 and Loan 3 Loan 1 and Loan 2