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(3.12) Calculate the increase in cost resulting from pausing payments. a. In H17 ) calculate the cost increase due to taking a pause in your

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image text in transcribed (3.12) Calculate the increase in cost resulting from pausing payments. a. In H17 ) calculate the cost increase due to taking a pause in your payments. b. This is the difference between the original total cost of the loan and the new total cost of the loan. c. Another hidden cost that we cannot explicitly calculate is that taking such a pause may reduce your credit score, resulting in a higher interest rate should you want to finance a car or house. (3.12) Calculate the increase in cost resulting from pausing payments. a. In H17 ) calculate the cost increase due to taking a pause in your payments. b. This is the difference between the original total cost of the loan and the new total cost of the loan. c. Another hidden cost that we cannot explicitly calculate is that taking such a pause may reduce your credit score, resulting in a higher interest rate should you want to finance a car or house

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