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Two Consumers Borrowed $10,000 for 5 Years

Question 23

Multiple Choice

Two consumers borrowed $10,000 for 5 years.Bob has a credit score of 650 and has an interest rate of 11.5%,whereas Tyree has a credit score of 710 and has an interest rate of 8.0%.What will be the total difference between what the two men pay?


A) $1,030.20
B) $2,165.40
C) $2,195.60
D) $3,195.80

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