#### Answer

242,620 loans were in default.

#### Work Step by Step

$x=.072\times3,370,000$
$x=242,640$

Published by
Pearson

ISBN 10:
0321825535

ISBN 13:
978-0-32182-553-7

242,620 loans were in default.

$x=.072\times3,370,000$
$x=242,640$

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