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Kim's personal loan of $8,000 will be paid off in 5 years, but she doesn't know if she will be approved for a 6% or

Kim's personal loan of $8,000 will be paid off in 5 years, but she doesn't know if she will be approved for a 6% or a 12% interest rate. Her monthly payments based on the interest rate are shown below:

6% RatePayments of $154.66/month12% RatePayments of $177.96/month

How much more will Kim pay in interest at the end of 5 years if she does not get approved for the 6% interest rate?

$1,398

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