Dan took out a 24-year loan for $111,000 at an APR of 7.7%, compounded monthly, while Forrest took out a 24-year loan for $96,000 at an APR of 7.7%, compounded monthly. Who would save more by paying off his loan 13 years early?

Question

shamil98 · Answer

@dan815 @dan815 @dan815 
dan why did u take out a 24 year loan??????????????????????

shamil98 · Answer

@forrest_gump
help gubba and dan

dan815 · Answer

well look at the question here, they have same interest rates, and they paid at same time, just one has a bigger loan to pay

dan815 · Answer

who should be saving more?
The one that owes more money or less money?

shamil98 · Answer

that's the dan i know thinking for others <3

dan815 · Answer

lol =.=