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Good credit rating and can afford monthly payments

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Reference no: EM131782349

E-Loan, an online lending? service, recently offered 48?-month auto loans at 3.9% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $549?, how much can you borrow from? E-Loan? What is the total interest you will pay for this? loan?

You can borrow $ (Round to two decimal places.)

You will pay a total of $___ in interest. (Round to two decimal places.)

Reference no: EM131782349

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