Mathematics, 30.10.2020 08:20 andrealfar1010
55.11
A person who files bankruptcy ends up paying a 6% higher fixed interest rate on a 30-year home loan than a person who
has not filed bankruptcy. The person who files bankruptcy pays a 12% interest rate on their home loan. If the loan amount
is $150,000, how much more in total interest do they pay than the person who has not filed bankruptcy?
a $258,375.30
b. $643.59
c. $149,536.52
d. $231,693.52
Answers: 1
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