Mathematics, 12.10.2021 01:00 nook4boo
Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans. She took out a car loan for $45,000 payable for 6 years at an interest rate of 15%. If she had not applied for bankruptcy, she would have been able to take out the loan at a rate of 6%. Approximately how much more in interest over the life of the loan does Nellie have to pay?
a. $68,510.16
b. $53,696.16
c. $32,206.32
d. $14,814.00
Answers: 1
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Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current...
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