Question: A borrower takes ost a $ 3 0 0 , 0 0 0 loan for 3 0 years with an interest rate of 3 .

A borrower takes ost a $300,000 loan for 30 years with an interest rate of 3.8% annually. Aher 10 years of making regolar monthly payments, the borrower decides to pay off the remaining loan balunoe in one lump sum. How much does the borrower still owe after 10 years? How much intereit would have been paid if the loan had continued to maturity? How much interest was saved by paying off the loan early?A borrower tahes oet a $300.000 lown for 10 ytan = the minferest rate of 3.876 annaally. After 10 years pait if the loan had cootinued to mahurity? Heo moch intonet was novod lay paying off the loan carly?
A borrower takes ost a $ 3 0 0 , 0 0 0 loan for 3

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