Question

Cheri took out a loan for $14,350. the loan term was 3 years and cheri’s payments were $625.77 per month. since cheri had filed for bankruptcy several years prior, she ended up paying a higher interest rate. with a better credit rating, her payments could have been $431.21 per month. how much more in interest did cheri end up paying for her loan because of her bankruptcy? a. $5,836.80 b. $2,334.72 c. $8,624.16 d. $7,004.16 please select the best answer from the choices provided a b c d

Answer 1

Option D she ends up paying $7004.16 due to her bankruptcy