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What is the total interest you will pay for loan

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Reference no: EM131417001

E-Loan, an online lending service, recently offered 48 -month auto loans at 4.8 %compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $ 426, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?

Reference no: EM131417001

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What is the total interest you will pay for loan : E-Loan, an online lending service, recently offered 48 -month auto loans at 4.8 %compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $ 426, how much can you borrow from E-L..
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