hi I need some help please. I am trying to figure out how much interest I
save if I pay off a loan early. for example I have a loan for 125,000.
interest is 6.5% for 5 years. I know how much interest I will pay in the
first year which is 6,767.40. What is the formula if I pay this off in 1
year, 2 years, 3 years, or 4 years?

Thank you!

SC