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You are currently repaying a $ 5 , 0 0 0 loan from a personal lender with an APR of 1 8 . 7 percent,
You are currently repaying a $ loan from a personal lender with an APR of percent,
making monthly payments of $ You receive an offer to refinance the loan with a new lender
who offers an APR of percent with the same monthly payment of $ How much total
interest will you save by refinancing with the new lender? Use Excel to solve the following.
A $
B $
C $
D $
E $
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