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Hilda is taking out an $11,000 personal loan that she will repay in 5 years....

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Basic Math

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Hilda is taking out an $11,000 personal loan that she will repay in 5 years. If she receives a 10% interest rate, her monthly payments will be $233.72. If she receives an 18% interest rate, her monthly payments will be $279.33. How much less interest will Hilda pay in interest if she qualifies for the lower interest rate?

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