Question: A borrower makes a fully amortizing $1,000,000 loan at 2.5% for 30 years. The borrower is considering paying off the loan after 15 years. How

A borrower makes a fully amortizing $1,000,000 loan at 2.5% for 30 years. The borrower is considering paying off the loan after 15 years. How much is the borrower saving in interests by paying off the loan earlier?

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