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Suppose you have a 10-year debt consolidation loan making payments of $253.35 per month on outstanding debt of $20,000 accruing 9% APR interest. How much

Suppose you have a 10-year debt consolidation loan making payments of $253.35 per month on outstanding debt of $20,000 accruing 9% APR interest.



How much total interest do you pay over the life of the loan if you do not make any prepayments?

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