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Business, 30.11.2021 01:00 perezsamantha3oqr0za

A person who files bankruptcy ends up paying a 5% higher fixed interest rate on a 25-year home loan than a person who has not filed bankruptcy. The person that does not file bankruptcy pays a 7. 5% interest rate. If the loan amount is $160,000, how much more does the person who filed bankruptcy pay in total interest on the home loan than the person who has not filed bankruptcy? a. $168,654. 22 b. $562. 18 c. $157,073. 04 d. $110,878. 95 Please select the best answer from the choices provided. A B C D.

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