Answer:
$135,629.37
Step-by-step explanation:
For computing the interest amount first we need to find out the monthly payment, present value, monthly payment and finally the interest amount which is shown below with the help of an attached spreadsheet
The value of the loan could come by
= $239,127 - $239,127 × 15%
= $203,257.95
The amount of interest saved is
= ($1,905 × 20 × 12) - ($1,399.18 × 20 × 12)
= $135,629.37
