The total interest paid on a loan is ($ 38,519.50). The origination fee was ($ 300) while
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The total interest paid on a loan is \(\$ 38,519.50\). The origination fee was \(\$ 300\) while the processing fee was \(\$ 250\). An additional fee was charged to the borrowers, amounting to another \(\$ 475\). How much was the cost of financing for this loan?
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