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21 January, 23:52

Zoe filed for bankruptcy several years ago and now wants to take out a loan for $15,200. Since Zoe has a past bankruptcy, she will end up paying a higher interest rate. The loan term is four years, and her payments are $819.20 per month. With a better credit rating, her payments could have been $440.82 per month. How much more in interest will Zoe end up paying for her loan because of her bankruptcy?

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  1. 22 January, 00:07
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    The answer is D. Zoe will end up paying $18,162.24 more in interest on her loan due to her bankruptcy.
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