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OpenStudy (anonymous):
Vicki is contemplating consolidating her federal student loans with Loan Consolidation Experts Inc. She currently pays five separate federal loans totaling $30,000 in principal at 4.5% simple interest for 20 years. Loan Consolidation Experts Inc. is offering to consolidate her loans at 3% simple interest for 30 years. Which scenario would save Vicki the most money?
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