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Mathematics, 26.02.2021 23:30 zhiyar9879

Cheri took out a loan for $14,350. The loan term was 3 years and Cheri’s payments were $625.77 per month. Since Cheri had filed for bankruptcy several years prior, she ended up paying a higher interest rate. With a better credit rating, her payments could have been $431.21 per month. How much more in interest did Cheri end up paying for her loan because of her bankruptcy?

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Cheri took out a loan for $14,350. The loan term was 3 years and Cheri’s payments were $625.77 per m...

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