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has just taken out a $220,000 car loan for the purchase of his 2015. of...

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Accounting

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has just taken out a $220,000 car loan for the purchase of his 2015. of the loan are 60 monthly payments at an interest rate of 2.4% APR (with monthly compounding).. plans on paying off the balance of this loan after the 30th payment. This will avoid all the interest on the remaining payments. If completes his plan, how much interest will he avoid (or save) on the full loan? $3,249 $2,634 $4,789 $1,845 $3,546 car. The terms

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